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Federated Hermes FHI Business Segments

TTM Q1 '26TTM Q4 '25TTM Q3 '25TTM Q2 '25TTM Q1 '25
Total Revenue by Product
Administrative Service Fees, net—Affiliates$428.94M+2.2%$419.76M+2.5%$409.71M+2.4%$400.17M+1.6%$393.85M+1.6%
Federated Hermes Funds$1.56B+3.4%$1.51B+3.2%$1.47B+3.4%$1.42B+1.3%$1.4B+1.8%
Investment Advisory$972.51M+3.1%$943.47M+2.4%$921.22M+3.2%$892.26M+1.6%$878.03M+2.4%
Other Service Fees, net$162.57M+9.4%$148.65M+10.6%$134.46M+8.0%$124.48M-1.4%$126.23M-1.9%
Other$33.39M+1.1%$33.02M+33.4%$24.76M+30.1%$19.03M+4.9%$18.15M+1.0%
Separate Accounts$258.68M+1.1%$255.76M+1.3%$252.37M+2.8%$245.58M+1.1%$243.01M+1.1%
Total Revenue by Geography
Non-US$241.05M-0.7%$242.84M+1.2%$239.95M+1.4%$236.73M-3.1%$244.33M-1.3%
UNITED STATES$1.62B+3.7%$1.56B+3.7%$1.5B+4.0%$1.44B+2.1%$1.41B+2.2%

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Questions, answered.

How does Federated Hermes break its business down?
Federated Hermes (FHI) reports total revenue by product across 6 parts — Administrative Service Fees, net—Affiliates, Federated Hermes Funds, Investment Advisory, Other Service Fees, net and Other. Each is extracted from the segment footnotes and tracked over time.
Where does Federated Hermes's segment data come from?
Segment breakdowns are pulled from the segment footnotes in Federated Hermes's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.