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Federated Hermes FHI Travel And Entertainment Expense

Travel And Entertainment Expense at other companies

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EvercoreEVR
$27.87M+26.6%

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$4.48B+30.1%

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 official record: Federated Hermes’s 10-Q, filed May 1, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

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.