FHI · Federated Hermes, Inc. - Financials

Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.

Price · FHI

1Y 3Y 5Y Max

Annual Quarterly

Income Statement

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Revenue	$1.80B	$1.63B	$1.61B	$1.45B	$1.30B	$1.45B
Cost of Revenue	-	-	-	-	-	-
Gross Profit	-	-	-	-	-	-
R&D	-	-	-	-	-	-
SG&A	-	-	-	-	-	-
Total Operating Expenses	$1.29B	$1.27B	$1.22B	$1.11B	$934.17M	$1.03B
D&A	$8.30M	$9.10M	$13.00M	$15.10M	$15.40M	$16.00M
Operating Income	$513.88M	$361.47M	$387.55M	$336.80M	$366.27M	$418.15M
Interest Expense	-	-	-	-	-	-
Income Tax	$133.43M	$113.18M	$106.55M	$71.66M	$103.98M	$110.03M
Net Income	$403.30M	$268.31M	$298.98M	$239.50M	$270.29M	$326.36M
EPS - Basic	$5.13	$3.23	$3.40	$2.65	$2.77	$3.25
EPS - Diluted	$5.13	$3.23	$3.40	$2.65	$2.75	$3.23

Balance Sheet

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Cash & Equivalents	$582.54M	$504.44M	$383.18M	$336.78M	$233.33M	$301.82M
Accounts Receivable	-	-	-	$58.07M	$65.32M	$64.86M
Inventory	-	-	-	-	-	-
Accounts Payable	-	-	-	-	-	-
Current Assets	$863.79M	$781.35M	$720.73M	$651.03M	$559.45M	$575.34M
Total Assets	$2.23B	$2.08B	$2.10B	$2.02B	$2.02B	$2.06B
Current Liabilities	$314.14M	$289.19M	$287.34M	$257.41M	$270.71M	$265.45M
Long-term Debt	$348.37M	$348.11M	$347.84M	$347.58M	-	-
Total Liabilities	$965.86M	$933.96M	$947.75M	$912.97M	$840.97M	$686.86M
Stockholders' Equity	$1.20B	$1.10B	$1.13B	$1.05B	$1.11B	$1.14B
Retained Earnings	$1.53B	$1.26B	$1.19B	$1.02B	$1.19B	$1.03B

Cash Flow

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Operating Cash Flow	$297.35M	$346.55M	$311.83M	$323.95M	$170.38M	$373.24M
Investing Cash Flow	$2.01M	$64.25M	($30.61M)	($32.36M)	$10.82M	($24.82M)
Financing Cash Flow	($237.88M)	($286.40M)	($243.09M)	($168.51M)	($249.47M)	($295.14M)
CapEx	$2.76M	$4.02M	$7.92M	$4.37M	$10.42M	$13.50M
Free Cash Flow	$294.58M	$342.53M	$303.92M	$319.58M	$159.96M	$359.74M

Ratios

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Profitability
Gross margin	-	-	-	-	-	-
Operating margin	28.5%	22.1%	24.1%	23.3%	28.2%	28.9%
EBITDA margin	29.0%	22.7%	24.9%	24.3%	29.3%	30.0%
Net margin	22.4%	16.4%	18.6%	16.6%	20.8%	22.5%
Free cash flow margin	16.4%	21.0%	18.9%	22.1%	12.3%	24.8%
FCF / Net income	0.73	1.28	1.02	1.33	0.59	1.10
R&D / Revenue	-	-	-	-	-	-
SG&A / Revenue	-	-	-	-	-	-
Effective tax rate	24.9%	29.7%	26.3%	23.0%	27.8%	25.2%
Return on assets	18.1%	12.9%	14.2%	11.9%	13.4%	15.8%
Return on equity	33.7%	24.5%	26.5%	22.9%	24.3%	28.7%
Return on invested capital	25.0%	17.6%	19.4%	18.6%	-	-
Liquidity
Current ratio	2.75	2.70	2.51	2.53	2.07	2.17
Quick ratio	2.75	2.70	2.51	2.53	2.07	2.17
Cash ratio	1.85	1.74	1.33	1.31	0.86	1.14
Leverage
Debt / Equity	0.29	0.32	0.31	0.33	-	-
Debt / Assets	0.16	0.17	0.17	0.17	-	-
Debt / EBITDA	0.67	0.94	0.87	0.99	-	-
Interest coverage	-	-	-	-	-	-
Equity multiplier	1.86	1.90	1.86	1.93	1.81	1.81
Liabilities / Assets	0.43	0.45	0.45	0.45	0.42	0.33
Efficiency
Asset turnover	0.81	0.78	0.77	0.72	0.64	0.70
Inventory turnover	-	-	-	-	-	-
Days sales outstanding	-	-	-	15d	18d	16d
Days inventory outstanding	-	-	-	-	-	-
Days payable outstanding	-	-	-	-	-	-
Cash conversion cycle	-	-	-	-	-	-
Valuation
P / E	10.2x	12.7x	10.0x	13.7x	13.7x	8.9x
P / B	3.3x	3.0x	2.5x	3.0x	3.3x	-
P / S	2.2x	2.0x	1.8x	2.2x	2.8x	-
EV / EBITDA	7.0x	8.4x	7.0x	8.9x	8.9x	-
Growth
Revenue growth (YoY)	10.3%	1.4%	11.3%	11.2%	-10.2%	9.1%
Revenue CAGR (3y)	7.6%	7.9%	3.6%	2.9%	4.4%	9.5%
Revenue CAGR (5y)	4.5%	4.2%	7.1%	5.6%	2.6%	9.3%
Gross profit growth (YoY)	-	-	-	-	-	-
Operating income growth (YoY)	42.2%	-6.7%	15.1%	-8.0%	-12.4%	20.2%
Net income growth (YoY)	50.3%	-10.3%	24.8%	-11.4%	-17.2%	19.8%
EPS growth (YoY)	58.8%	-5.0%	28.3%	-3.6%	-14.9%	-
EPS CAGR (3y)	24.6%	5.5%	1.7%	-	-	-
EPS CAGR (5y)	9.7%	-	-	-	-	-
FCF growth (YoY)	-14.0%	12.7%	-4.9%	99.8%	-55.5%	12.5%
FCF CAGR (5y)	-3.9%	1.4%	10.0%	4.2%	-7.8%	9.6%
Book value growth (YoY)	9.3%	-2.9%	7.9%	-6.1%	-2.0%	9.2%

Sales by segment

From XBRL dimensional facts in the 10-K period ending 2025-12-31.

Product / service

$3.31B total

Federated Hermes Funds$1.51B · 45.6%

Investment Advisory Management And Administrative Service$943.47M · 28.5%

Administrative Service$419.76M · 12.7%

Separateaccounts$255.76M · 7.7%

Financial Service Other$148.65M · 4.5%

Other$33.02M · 1.0%

Geographic

$1.80B total

US$1.56B · 86.5%

Non Us$242.84M · 13.5%

Stability scores

Altman Z′

FY 2025 · bankruptcy risk

2.80

Grey zone

Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.

Piotroski F-score

FY 2025 · 9-point quality

6/9

Neutral

✓Net income positive
✓Operating cash flow positive
✓ROA improved YoY
✗Cash flow > net income
✗Long-term debt decreased
✓Current ratio improved
✓No share dilution
-Gross margin improved
✓Asset turnover improved

Peer comparison

Same SIC group: Investment Advice

Company	Revenue (last FY)	Net margin	ROE
TROW	$7.31B	28.5%	19.2%
CNS	-	-	27.3%
MORN	$2.45B	15.1%	30.3%
MC	-	-	45.7%
APO	$32.05B	10.9%	15.0%

Comparing FEDERATED HERMES against the 5 most active filers in the same SIC group.

Dividends

$1.40/share trailing 12 months · +10.2% YoY

Ex-date	Per share
May 8, 2026	$0.3800
Feb 6, 2026	$0.3400
Nov 7, 2025	$0.3400
Aug 8, 2025	$0.3400
May 8, 2025	$0.3400
Feb 7, 2025	$0.3100
Nov 8, 2024	$0.3100
Aug 8, 2024	$0.3100
May 7, 2024	$1.3100
Feb 7, 2024	$0.2800
Nov 7, 2023	$0.2800
Aug 7, 2023	$0.2800
May 5, 2023	$0.2800
Feb 7, 2023	$0.2700
Nov 7, 2022	$0.2700
Aug 5, 2022	$0.2700
May 5, 2022	$0.2700
Feb 7, 2022	$0.2700
Nov 5, 2021	$0.2700
Aug 5, 2021	$0.2700
May 6, 2021	$0.2700
Feb 4, 2021	$0.2700
Nov 5, 2020	$1.2700
Aug 6, 2020	$0.2700