Federated Hermes, Inc.FHI
What Federated Hermes, Inc. does.
Federated Hermes, Inc., a Pennsylvania corporation, together with its consolidated subsidiaries (collectively, Federated Hermes) is a global leader in active investing with $902.6 billion in assets under management (AUM or managed assets) at December 31, 2025. Federated Hermes has been in the investment management business since 1955 and is one of the largest investment managers in the United States (U.S.). Federated Hermes also provides stewardship services to customers seeking a range of solutions for engagement, as well as real estate development and renewable energy project development services. In seeking to enhance long-term risk-adjusted investment performance, and create long-term financial value/wealth, for its customers and clients (collectively, including intermediaries, customers) consistent with its fiduciary duties and customer objectives, Federated Hermes has taken steps to integrate the proprietary insights from fundamental investment analysis, including governance, environmental and social factors and engagement interactions, into many of the products and strategies it manages.
Federated Hermes operates in one operating segment, the investment management business. Federated Hermes sponsors, markets and provides investment-related services and strategies (collectively, as applicable, strategies) to various investment products, including sponsored investment companies and other funds (Federated Hermes Funds) and Separate Accounts (which include separately managed accounts (SMAs), institutional accounts, sub-advised funds and other managed products) in both domestic and international markets (such products, strategies and other services being, collectively and as applicable, offerings). In addition, Federated Hermes markets and provides stewardship, real estate development and renewable energy project development services to various domestic and international customers. Federated Hermes’ principal source of revenue is investment advisory fees earned by various domestic and foreign subsidiaries pursuant to investment advisory contracts and based primarily upon the AUM of its investment offerings. Domestic advisory subsidiaries are registered as investment advisors under the Investment Advisers Act of 1940 (Advisers Act), while foreign advisory subsidiaries are registered in the U.S. and/or with foreign regulators.
Revenue and profit, by fiscal year.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | $1.4B | $1.3B | $1.4B | $1.6B | $1.6B | $1.8B |
| Net income | $326.4M | $270.3M | $239.5M | $299.0M | $268.3M | $403.3M |
| Free cash flow | $359.7M | $160.0M | $319.6M | $303.9M | $342.5M | $294.6M |
More on FHI.
- Federated Hermes, Inc. summary
- Federated Hermes, Inc. financial statements
- Federated Hermes, Inc. key metrics
- Federated Hermes, Inc. health scores and style box
- Federated Hermes, Inc. earnings
- Federated Hermes, Inc. dividends
- Federated Hermes, Inc. valuation
- Federated Hermes, Inc. ownership and insiders
- Federated Hermes, Inc. peers
Figures from Federated Hermes, Inc.'s filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.