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Federated Hermes FHI Travel And Entertainment Expense

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Federated Hermes logo
Federated HermesFHI
$3.85M+8.4%
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Other financials

Income statement

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Revenue$479.0M+13.1%
Operating income$126.3M-4.1%
Net income$96.4M-4.7%
EPS (diluted)$1.27+1.6%

Balance sheet

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Cash & equivalents$513.9M+32.6%
Total debt$450.5M-1.9%
Total equity$1.2B+11.9%
Total assets$2.1B+7.1%

Cash flow

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Operating cash flow$28.8M+102%
CapEx$4.8M+398%
Free cash flow$24.0M+80.1%

Valuation

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Market cap$4.72B+17.9%
Enterprise value$4.65B+13.8%
P/E11.8×+0.9×
P/S2.5×+0.2×

Profitability

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Operating margin27.4%+3.6pp
Net margin21.5%+3.7pp
FCF margin16.4%-4.2pp

Returns & leverage

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Return on equity35%+8.5pp
Debt / equity0.4×-0.1×
Current ratio3.3×+0.2×

Where this comes from

Reported directly by Federated Hermes in its filing.

Tagged under the XBRL concept us-gaap:TravelAndEntertainmentExpense.

The source filing: Federated Hermes’s 10-Q, filed May 1, 2026.

Filed
May 1, 2026, 4:21 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001056288-26-000018
Line itemThree Months Ended / March 31, 2026Three Months Ended / March 31, 2025
Professional Service Fees21,33618,548
Office and Occupancy10,0629,952
Advertising and Promotional4,0984,576
Travel and Related3,8503,553
Intangible Asset Related3,4223,196
Other3,531(14,638)
Total Operating Expenses352,626291,768
Operating Income126,331131,772

Item 1. Financial Statements

FAQ

What is Federated Hermes's travel and entertainment expense?
Federated Hermes (FHI) reported travel and entertainment expense of $3.85M in Q1 2026.
How has Federated Hermes's travel and entertainment expense changed year-over-year?
Federated Hermes's travel and entertainment expense increased by 8.4% year-over-year, from $3.55M to $3.85M.
What is the long-term trend for Federated Hermes's travel and entertainment expense?
Over 4 years (2021 to 2025), Federated Hermes's travel and entertainment expense has grown at a 33.6% compound annual growth rate (CAGR), from $5.34M to $17.01M.
What does travel and entertainment expense mean?
This metric captures the aggregate costs incurred by employees for business-related travel, client meetings, and professional entertainment activities. It serves as a proxy for the firm's business development efforts and client relationship management intensity. High levels of this expense are often associated with active sales pipelines and institutional client engagement strategies.

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