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MARKETS / NYSE / FHI
NYSE · INVESTMENT ADVICE · LARGE CAP

Federated Hermes, Inc. FHI

18 fiscal years on record · USD · FY2025 reported · SEC filings only
$1.8B
▲ 10.3% YoY
$403.3M
▲ 50.3% YoY
$294.6M
▼ 14.0% YoY
In brief

What this company does

Federated Hermes sponsors, markets and provides investment-related services and strategies to investment products, including sponsored investment companies and other funds and Separate Accounts, in both domestic and international markets. It 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. At December 31, 2025, Federated Hermes had $902.6 billion in assets under management. Federated Hermes provides investment advisory services to 176 Federated Hermes Funds as of December 31, 2025. Federated Hermes operates in one operating segment, the investment management business. At December 31, 2025, Federated Hermes had 2,091 employees, with 1,234 employees in Pittsburgh, Pennsylvania, and surrounding areas, 504 employees in London, England, 60 employees in New York, New York, 30 employees in Boston, Massachusetts, 181 employees in other U.S. locations and 82 employees in other locations outside the U.S. Federated Hermes has been in the investment management business since 1955.

Written from the business description in FEDERATED HERMES, INC.'s annual report to the U.S. Securities and Exchange Commission, filed 27 February 2026. Every sentence was checked against that document before publication.

Growth
USD 1.8B
Revenue, FY2025 · full 18-year series below
Revenue $B Net income $B
FY2025 · Revenue 1.8 · Net income 0.4
0.8B1.6B2008201120142017202020232025
Compound annual growth
+7.6%
+4.5%
+6.9%
+4.3%
+19.0%
+4.3%
+9.0%
+5.6%
+24.6%
+9.7%
+12.2%
+7.5%
+7.2%
−8.6%
+2.9%
−3.4%
+5.2%
+6.0%
+8.8%
+2.8%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +4.5% a year over five years — but profit grew slower: net income at +4.3%, earnings per share at +9.7%.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
23 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 28.5% · Net 23.0%
10%20%30%2008201120142017202020232025
ROE
FY2025 · ROE 35.2%
20%40%2008201120142017202020232025

Each USD of equity produced 35 cents of profit this year.

Cash & shareholders
USD 367.6M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 294.6
200M2008201120142017202020232025
Net buybacks $M Dividends $M
FY2025 · Dividends 104.9 · Net buybacks 262.8
200M400MDividendsNet buybacks2008201120142017202020232025

USD 104.9M in dividends and USD 262.8M in buybacks — 91% of the year's profit went back to shareholders.

Total assetsUSD 2.2B
EquityUSD 1.2B
CashUSD 582.5M
Gross debtUSD 348.4M
Net debtUSD -234.2M
Current ratio2.75×

The company holds more cash than debt.

The 18-year record
18 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative
Metric 202520242023202220212020201920182017201620152014201320122011201020092008
Revenue $B1.81.61.61.41.31.41.31.11.11.10.90.90.90.90.91.01.21.2
Operating income $B0.50.40.40.30.40.40.30.30.30.30.30.20.30.30.30.30.30.4
EBITDA $B0.50.40.40.40.40.40.40.30.40.30.30.20.3·····
Income tax $B0.10.10.10.10.10.10.10.10.10.10.10.10.10.10.10.10.10.1
Net income $B0.40.30.30.20.30.30.30.20.30.20.20.10.20.20.20.20.20.2
Free cash flow $B0.30.30.30.30.20.40.30.20.40.30.20.20.30.30.10.20.20.3
EPS, diluted $5.133.233.402.652.753.232.692.182.872.031.621.421.551.791.451.731.922.18
Dividend / sh $1.332.211.111.081.082.081.081.061.002.001.001.000.982.470.962.220.963.69
Payout %266933413964404935986270631376612850167
ROE %35.224.127.522.224.030.028.727.243.033.627.025.430.636.329.235.137.4·
Shares out B·············0.000.000.00··

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures · 2 divergences in 69 reconciliationsAUDITED

Reconciled in 16 of 19 fiscal years. 2 of those reconciliations are divergences — the figures exist but don't fit the formula this check expects; that isn't the same as an error. 7 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures2 divergent
ActivityInvestment Advice
Listed onNYSE
Incorporated inPennsylvania
Fiscal year endsDecember 31
Data on record since2008

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