Federated Hermes, Inc. (FHI)
Federated Hermes, Inc. brought in $2B of revenue over the twelve months to September 30, 2026, up 13.2% from a year earlier. Net income was $419.6M, a net margin of 21.3%. Operating cash flow minus capital spending left $294.6M of free cash flow in fiscal 2025. At September 30, 2026 it held $373.7M in cash against $348.6M of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on October 30, 2026.
Key facts about Federated Hermes, Inc.
- Net worth
- Federated Hermes, Inc. has a market value (market cap) of $4.8B at the latest share price, and shareholders' equity of $1.3B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $1.8B (+10.3% year on year), with net income of $403.3M. Over the 12 months to September 30, 2026: revenue $2B, net income $419.6M.
- Cash flow
- In fiscal 2025 operations brought in $297.3M of cash; after $2.8M of capital spending, free cash flow was $294.6M.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on October 30, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
- Next earnings report
- Federated Hermes, Inc.'s next report is expected around January 28, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
- Dividend
- Federated Hermes, Inc. declared dividends of $1.33 per share in fiscal 2025, a yield of 2.05% at the current price.
What Federated Hermes, Inc. does
Federated Hermes, Inc. is registered with the SEC under industry code SIC 6282 (Investment Advice). Its shares trade on NYSE under the ticker FHI.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $1.8B | $403.3M | $5.13 | $294.6M |
| 2024 | $1.6B | $268.3M | $3.23 | $342.5M |
| 2023 | $1.6B | $299M | $3.40 | $303.9M |
| 2022 | $1.4B | $239.5M | $2.65 | $319.6M |
| 2021 | $1.3B | $270.3M | $2.75 | $160M |
| 2020 | $1.4B | $326.4M | $3.23 | $359.7M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where FHI ranks in Finance
Dividends
Federated Hermes, Inc. declared $1.33 per share in fiscal 2025. At the current price that is a yield of 2.05%. It paid out $104.9M in cash dividends, 26% of its net income.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2025 | $1.33 | $104.9M | 26% |
| 2024 | $2.21 | $184.8M | 69% |
| 2023 | $1.11 | $98.1M | 33% |
| 2022 | $1.08 | $97.9M | 41% |
| 2021 | $1.08 | $105.8M | 39% |
| 2020 | $2.08 | $207.8M | 64% |
Latest SEC filings
What Federated Hermes, Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.
- November 4, 2026
- November 4, 2026Passive stake changed SCHEDULE 13G/A
- November 4, 2026Passive stake changed SCHEDULE 13G/A
- October 30, 2026Quarterly report 10-Q · period to September 30, 2026Revenue rose 8.1% to $507.3M versus the same quarter last year; diluted EPS $1.50 versus $1.34.
- October 29, 2026
- October 7, 2026Passive stake changed SCHEDULE 13G/A
- October 7, 2026Passive stake changed SCHEDULE 13G/A
- October 7, 2026Passive stake changed SCHEDULE 13G/A
- October 7, 2026Passive stake changed SCHEDULE 13G/A
- September 8, 2026Passive stake changed SCHEDULE 13G/A
What is FHI worth? A DCF from its reported cash flow
Insider trades
What the people running Federated Hermes, Inc. did with its shares, from the Form 4 filings they must send the SEC within two business days.
Insiders sold $686.9K worth of shares in the last 90 days and bought none on the open market.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| November 9, 2026 | Nusseibeh Saker AnwarCEO, Federated Hermes Limited | Sold | 5,700 | $371.1K |
| October 15, 2026 | Donahue Thomas RVP, CFO & Treasurer, Director | Gave as a gift | 17,670 | - |
| August 20, 2026 | Germain Peter JEVP, CLO & Sec. | Sold | 5,000 | $315.9K |
| August 4, 2026 | Nusseibeh Saker AnwarCEO, Federated Hermes Limited | Sold | 6,400 | $410.8K |
| August 4, 2026 | Nusseibeh Saker AnwarCEO, Federated Hermes Limited | Sold | 630 | $40.8K |
| June 23, 2026 | Van Meter StephenVP, Chief Compliance Officer | Sold | 1,682 | $100.3K |
| June 16, 2026 | Uhlman Paul AVice President | Sold | 6,145 | $360.5K |
| June 8, 2026 | Nusseibeh Saker AnwarCEO, Federated Hermes Limited | Sold | 8,950 | $513.2K |
Who owns FHI
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Vanguard Portfolio Management13G, passive | 6.06% | April 29, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 452 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| BlackRock, Inc. | 10,301,311 | +1,170,015 |
| Fmr LLC | 5,176,127 | +239,846 |
| Vanguard Portfolio Management LLC | 4,804,030 | -32,526 |
| Vanguard Capital Management LLC | 5,791,030 | -1,199,197 |
| Schneider Downs Wealth Management Advisors, LP | 3,551,578 | +823,700 |
| Charles Schwab Investment Management Inc | 2,807,368 | +198,726 |
| Fuller & Thaler Asset Management, Inc. | 2,670,077 | +22,351 |
| Invesco Ltd. | 2,557,477 | +309,747 |
| Aqr Capital Management LLC | 3,080,451 | +298,682 |
| Dimensional Fund Advisors LP | 2,265,174 | +16,974 |
| State Street Corp | 3,499,595 | +445,118 |
| Geode Capital Management, LLC | 3,233,752 | -22,747 |
| Allianz Asset Management GmbH | 1,488,681 | +7,790 |
| Woodline Partners LP | 1,783,242 | +693,689 |
| Citadel Advisors LLC | 1,793,611 | +1,397,629 |
| First Trust Advisors LP | 1,198,348 | +581,750 |
| Arrowstreet Capital, Limited Partnership | 1,174,179 | +359,955 |
| Victory Capital Management Inc | 1,151,144 | -135,672 |
| Federated Hermes, Inc. | 4,864,114 | +2,073,578 |
| Morgan Stanley | 1,318,534 | -313,949 |
Insiders
14 insiders reported holding 2,582,682 shares in total, about $167.7M at the last price.
| Holder | Shares |
|---|---|
| Donahue Thomas RVP, CFO & Treasurer, Director | 542,622 |
| Donahue J ChristopherChairman, President & CEO, Director | 479,192 |
| Fisher John BVice President, Director | 463,615 |
| Uhlman Paul AVice President | 296,821 |
| Germain Peter JEVP, CLO & Sec. | 207,059 |
| Zierden Theodore W IIIVice President | 160,750 |
| Nusseibeh Saker AnwarCEO, Federated Hermes Limited | 138,546 |
| Dudiak Dolores DVice President | 85,540 |
| Burke Bryan MVice President | 74,921 |
| Novak Richard APrincipal Accounting Officer | 45,209 |
Questions about FHI
What does Federated Hermes, Inc. do?
Federated Hermes, Inc. is a company in the Finance sector, listed on NYSE as FHI. Its shares trade on NYSE under the ticker FHI.
What is Federated Hermes, Inc.'s net worth?
Federated Hermes, Inc. has a market value (market cap) of $4.8B at the latest share price, and shareholders' equity of $1.3B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Federated Hermes, Inc. profitable?
Yes. Over the twelve months to September 30, 2026 it reported net income of $419.6M on revenue of $2B, a net margin of 21.3%.
How much revenue does Federated Hermes, Inc. make?
Over the twelve months to September 30, 2026 Federated Hermes, Inc. reported revenue of $2B. That is 13.2% more than a year earlier.
When did Federated Hermes, Inc. last report?
Its most recent periodic report is the quarterly report (10-Q) filed on October 30, 2026. It covers the period to September 30, 2026. Its newest filing of any kind is the insider trade from November 9, 2026.
When is Federated Hermes, Inc.'s next earnings report?
Federated Hermes, Inc.'s next report is expected around January 28, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
Does Federated Hermes, Inc. pay a dividend?
Yes. Federated Hermes, Inc. declared dividends of $1.33 per share in fiscal 2025, a yield of 2.05% at the current price.
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Where the numbers come from
Financial figures are the values Federated Hermes, Inc. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.