Federated Hermes Inc. (FHI) reported $1.97B of revenue for the twelve months ended Sep 30, 2026. That is up 13.2% from the year before. Revenue for fiscal 2025 was $1.80B.

Yes. Federated Hermes Inc. earned $419.62M in net income for the twelve months ended Sep 30, 2026, a net margin of 21.3%.

How much cash and debt does FHI have?

Federated Hermes Inc. reported $373.66M in cash and cash equivalents and $348.56M of debt on its most recent balance sheet in SEC filings.

How fast is FHI revenue growing?

Federated Hermes Inc.'s revenue changed +10.3% in fiscal 2025, to $1.80B. Its compound annual growth rate was +4.5% over 5 years and +6.9% over 10 years.

What is FHI free cash flow?

Federated Hermes Inc. generated $384.70M of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $405.11M less capital expenditures.

What is FHI earnings per share?

Diluted earnings per share were $5.53 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.

When did FHI last report financial results?

The latest statements here come from Federated Hermes Inc.'s 10-Q filed on Oct 30, 2026, covering the period ended Sep 30, 2026.

Where does this FHI financial data come from?

Quantisnow builds these statements from the structured XBRL data Federated Hermes Inc. files with the SEC. It is provided for information only and is not investment advice.

Financials · FHI

Federated Hermes Inc. (FHI) financials

For the twelve months ended Sep 30, 2026, Federated Hermes Inc. reported $1.97B of revenue and $419.62M of net income.

Revenue, TTM: $1.97B
Revenue growth, YoY: +13.2%
Net income, TTM: $419.62M
Net income growth, YoY: +10.1%
Net margin: 21.3%
Free cash flow, TTM: $384.70M
EPS, diluted, TTM: $5.53
EPS growth, YoY: +14.5%
Cash: $373.66M
Total debt: $348.56M
P/E: 11.55
P/S: 2.46
Market cap: $4.84B

Annual revenue$1.80B

FY2016FY2025

Annual net income$403.30M

FY2016FY2025

Annual free cash flow$294.58M

FY2016FY2025

FHI revenue and earnings growth

FHI revenueQ3 2026$507.33M

Quarter YoY: +8.1%
QoQ: +0.9%
FY YoY: +10.3%
5Y CAGR: +4.5%
10Y CAGR: +6.9%

FHI revenue was $507.33M in fiscal Q3 2026 (ended Sep 30, 2026), up 8.1% from a year earlier and up 0.9% from the prior quarter. For the full fiscal 2025 it was $1.80B, up 10.3% from fiscal 2024. Compound annual growth was +4.5% over 5 years and +6.9% over 10 years. It rose in 8 of the last 10 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.

FHI net incomeQ3 2026$111.89M

Quarter YoY: +7.5%
QoQ: +7.3%
FY YoY: +50.3%
5Y CAGR: +4.3%
10Y CAGR: +9.0%

FHI net income was $111.89M in fiscal Q3 2026 (ended Sep 30, 2026), up 7.5% from a year earlier and up 7.3% from the prior quarter. For the full fiscal 2025 it was $403.30M, up 50.3% from fiscal 2024. Compound annual growth was +4.3% over 5 years and +9.0% over 10 years. It rose in 6 of the last 10 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.

FHI EPSQ3 2026$1.50

Quarter YoY: +11.9%
QoQ: +8.7%
FY YoY: +58.8%
5Y CAGR: +9.7%
10Y CAGR: +12.2%

FHI diluted EPS was $1.50 in fiscal Q3 2026 (ended Sep 30, 2026), up 11.9% from a year earlier and up 8.7% from the prior quarter. For the full fiscal 2025 it was $5.13, up 58.8% from fiscal 2024. Compound annual growth was +9.7% over 5 years and +12.2% over 10 years.

FHI free cash flowQ3 2026$120.24M

Quarter YoY: +18.3%
QoQ: +50.9%
FY YoY: -14.0%
5Y CAGR: -3.9%
10Y CAGR: +2.6%

FHI free cash flow was $120.24M in fiscal Q3 2026 (ended Sep 30, 2026), up 18.3% from a year earlier and up 50.9% from the prior quarter. For the full fiscal 2025 it was $294.58M, down 14.0% from fiscal 2024. Compound annual growth was -3.9% over 5 years and +2.6% over 10 years. It rose in 6 of the last 10 fiscal years.

Export CSV

Income statement

Income statement
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Revenue	$1.80B	$1.63B	$1.61B	$1.45B	$1.30B	$1.45B	$1.33B	$1.14B	$1.10B	$1.14B
Operating income	$513.88M	$361.47M	$387.55M	$336.80M	$366.27M	$418.15M	$347.93M	$330.28M	$341.51M	$335.68M
Pre-tax income	$547.53M	$381.61M	$411.33M	$306.22M	$376.29M	$446.06M	$365.27M	$296.17M	$352.00M	$340.93M
Income tax	$133.43M	$113.18M	$106.55M	$71.66M	$103.98M	$110.03M	$88.15M	$73.88M	$57.10M	$119.42M
Net income	$403.30M	$268.31M	$298.98M	$239.50M	$270.29M	$326.36M	$272.34M	$220.30M	$291.34M	$208.92M
EPS, basic	$5.13	$3.23	$3.40	$2.65	$2.77	$3.25	$2.69	$2.18	$2.87	$2.03
EPS, diluted	$5.13	$3.23	$3.40	$2.65	$2.75	$3.23	$2.69	$2.18	$2.87	$2.03
Diluted shares	75.1M	79.4M	83.9M	85.8M	93.8M	96.5M	97.3M	96.9M	97.4M	99.1M

Balance sheet

Balance sheet
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Cash and equivalents	$582.54M	$507.57M	$383.18M	$340.95M	$238.05M	$308.63M	$249.51M	$157.43M	$316.81M	$105.36M
Receivables	-	-	-	$58.07M	$65.32M	$64.86M	$64.49M	$60.09M	$26.03M	$44.80M
Current assets	$863.79M	$781.35M	$720.73M	$651.03M	$559.45M	$575.34M	$461.28M	$304.10M	$437.27M	$359.76M
Goodwill	$852.10M	$804.82M	$807.16M	$800.42M	$798.87M	$800.27M	$774.53M	$809.61M	$660.04M	$659.19M
Total assets	$2.23B	$2.08B	$2.10B	$2.02B	$2.02B	$2.06B	$1.88B	$1.54B	$1.23B	$1.16B
Current liabilities	$314.14M	$289.19M	$287.34M	$257.41M	$270.71M	$265.45M	$230.71M	$181.18M	$128.85M	$162.54M
Total debt	$348.37M	$348.11M	$347.84M	$347.58M	$223.35M	-	-	-	-	-
Total liabilities	$965.86M	$933.96M	$947.75M	$912.97M	$840.97M	$686.86M	$626.76M	$504.05M	$440.03M	$527.96M
Shareholders' equity	$1.20B	$1.10B	$1.13B	$1.05B	$1.11B	$1.14B	$1.04B	$857.12M	$761.22M	$595.78M

Cash flow

Cash flow
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Operating cash flow	$297.35M	$346.55M	$311.83M	$323.95M	$170.38M	$373.24M	$334.94M	$206.28M	$387.38M	$265.67M
Capital expenditures	$2.76M	$4.02M	$7.92M	$4.37M	$10.42M	$13.50M	$15.04M	$17.27M	$9.80M	$12.84M
Free cash flow	$294.58M	$342.53M	$303.92M	$319.58M	$159.96M	$359.74M	$319.89M	$189.01M	$377.58M	$252.83M
Investing cash flow	$2.01M	$64.25M	-$30.61M	-$32.36M	$10.82M	-$24.82M	-$94.68M	-$174.44M	$1.00M	-$21.04M
Financing cash flow	-$237.88M	-$286.40M	-$243.09M	-$168.51M	-$249.47M	-$295.14M	-$152.68M	-$186.12M	-$176.92M	-$312.37M
Dividends paid	$104.87M	$184.81M	$98.09M	$97.92M	$105.76M	$207.76M	$109.15M	$106.94M	$101.51M	$205.47M
Share repurchases	$262.77M	$137.62M	$177.07M	$218.14M	$228.35M	$66.76M	$15.74M	$29.25M	$48.64M	$81.77M
Stock-based compensation	$29.13M	$28.78M	$33.95M	$34.80M	$30.29M	$26.67M	$25.06M	$23.89M	$22.51M	$22.45M
Depreciation and amortization	-	-	-	-	-	-	-	$17.09M	$10.64M	$9.58M

Key ratios

Key ratios
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Revenue growth, YoY	10.3%	1.4%	11.3%	11.2%	-10.2%	9.1%	16.8%	3.0%	-3.5%	23.4%
Net income growth, YoY	50.3%	-10.3%	24.8%	-11.4%	-17.2%	19.8%	23.6%	-24.4%	39.5%	23.0%
EPS growth, YoY	58.8%	-5.0%	28.3%	-3.6%	-14.9%	20.1%	23.4%	-24.0%	41.4%	25.3%
Operating margin	28.5%	22.1%	24.1%	23.3%	28.2%	28.9%	26.2%	29.1%	31.0%	29.4%
Net margin	22.4%	16.4%	18.6%	16.6%	20.8%	22.5%	20.5%	19.4%	26.4%	18.3%
Free cash flow margin	16.4%	21.0%	18.9%	22.1%	12.3%	24.8%	24.1%	16.6%	34.2%	22.1%
Return on equity	33.7%	24.5%	26.5%	22.9%	24.3%	28.7%	26.2%	25.7%	38.3%	35.1%
Return on assets	18.1%	12.9%	14.2%	11.9%	13.4%	15.8%	14.5%	14.3%	23.7%	18.1%
Current ratio	2.75	2.70	2.51	2.53	2.07	2.17	2.00	1.68	3.39	2.21
Debt to equity	0.29	0.32	0.31	0.33	0.20	-	-	-	-	-

Income statement

Income statement
Line item	Q3 2026 Sep 30, 2026	Q2 2026 Jun 30, 2026	Q1 2026 Mar 31, 2026	Q4 2025* Dec 31, 2025	Q3 2025 Sep 30, 2025	Q2 2025 Jun 30, 2025	Q1 2025 Mar 31, 2025	Q4 2024* Dec 31, 2024	Q3 2024 Sep 30, 2024	Q2 2024 Jun 30, 2024	Q1 2024 Mar 31, 2024	Q4 2023* Dec 31, 2023
Revenue	$507.33M	$502.78M	$478.96M	$482.83M	$469.45M	$424.84M	$423.54M	$424.68M	$408.46M	$402.58M	$396.37M	$391.50M
Operating income	$153.31M	$132.88M	$126.33M	$135.57M	$129.45M	$117.08M	$131.77M	$110.43M	$111.74M	$40.72M	$98.58M	$102.57M
Pre-tax income	$152.07M	$144.03M	$129.77M	$140.33M	$140.33M	$130.83M	$136.04M	$112.33M	$122.60M	$42.66M	$104.02M	$117.31M
Income tax	$41.19M	$37.22M	$33.82M	$32.90M	$34.23M	$34.13M	$32.16M	$28.48M	$32.26M	$23.43M	$29.01M	$31.26M
Net income	$111.89M	$104.32M	$96.38M	$107.04M	$104.13M	$91.00M	$101.13M	$84.72M	$87.54M	$21.03M	$75.03M	$82.18M
EPS, basic	$1.50	$1.38	$1.27	$1.38	$1.34	$1.16	$1.25	$1.08	$1.06	$0.20	$0.89	$0.95
EPS, diluted	$1.50	$1.38	$1.27	$1.38	$1.34	$1.16	$1.25	$1.08	$1.06	$0.20	$0.89	$0.95
Diluted shares	71.0M	71.9M	72.7M	-	74.1M	75.1M	77.5M	-	78.7M	80.0M	80.7M	-

Balance sheet

Balance sheet
Line item	Q3 2026 Sep 30, 2026	Q2 2026 Jun 30, 2026	Q1 2026 Mar 31, 2026	Q4 2025* Dec 31, 2025	Q3 2025 Sep 30, 2025	Q2 2025 Jun 30, 2025	Q1 2025 Mar 31, 2025	Q4 2024* Dec 31, 2024	Q3 2024 Sep 30, 2024	Q2 2024 Jun 30, 2024	Q1 2024 Mar 31, 2024	Q4 2023* Dec 31, 2023
Cash and equivalents	$373.66M	$301.73M	$513.88M	$582.54M	$506.28M	$370.99M	$387.57M	$507.57M	$374.95M	$307.43M	$359.78M	$383.18M
Current assets	$742.60M	$660.50M	$788.57M	$863.79M	$802.34M	$760.68M	$678.57M	$781.35M	$723.19M	$613.30M	$719.66M	$720.73M
Goodwill	$1.11B	$1.08B	$848.93M	$852.10M	$860.95M	$864.76M	$808.91M	$804.82M	$813.55M	$806.07M	$805.92M	$807.16M
Total assets	$2.47B	$2.33B	$2.14B	$2.23B	$2.18B	$2.15B	$2.00B	$2.08B	$2.04B	$1.91B	$2.09B	$2.10B
Current liabilities	$299.65M	$254.80M	$240.68M	$314.14M	$256.40M	$225.73M	$222.99M	$289.19M	$263.14M	$223.38M	$212.50M	$287.34M
Total debt	$348.56M	$348.50M	$348.43M	$348.37M	$348.30M	$348.24M	$348.17M	$348.11M	$348.04M	$347.97M	$347.91M	$347.84M
Total liabilities	$1.00B	$933.30M	$880.97M	$965.86M	$931.47M	$874.49M	$858.72M	$933.96M	$900.63M	$863.99M	$866.41M	$947.75M
Shareholders' equity	$1.29B	$1.25B	$1.20B	$1.20B	$1.19B	$1.11B	$1.08B	$1.10B	$1.08B	$1.02B	$1.15B	$1.13B

Cash flow

Cash flow
Line item	Q3 2026 Sep 30, 2026	Q2 2026 Jun 30, 2026	Q1 2026 Mar 31, 2026	Q4 2025* Dec 31, 2025	Q3 2025 Sep 30, 2025	Q2 2025 Jun 30, 2025	Q1 2025 Mar 31, 2025	Q4 2024* Dec 31, 2024	Q3 2024 Sep 30, 2024	Q2 2024 Jun 30, 2024	Q1 2024 Mar 31, 2024	Q4 2023* Dec 31, 2023
Operating cash flow	$134.18M	$80.88M	$28.85M	$161.20M	$103.06M	$18.79M	$14.30M	$126.70M	$117.15M	$88.67M	$14.03M	$129.63M
Capital expenditures	$13.94M	$1.20M	$4.84M	-$426.0K	$1.43M	$786.0K	$972.0K	$505.0K	-$3.03M	$5.98M	$569.0K	$2.11M
Free cash flow	$120.24M	$79.68M	$24.00M	$160.77M	$101.63M	$18.00M	$13.33M	$126.19M	$114.12M	$82.70M	$13.46M	$127.52M
Investing cash flow	-$12.10M	-$216.25M	$1.16M	$14.10M	$5.45M	-$16.02M	-$1.53M	$41.40M	-$8.31M	$3.58M	$27.59M	-$39.17M
Financing cash flow	-$50.04M	-$76.97M	-$97.25M	-$98.49M	$29.86M	-$31.69M	-$137.57M	-$26.27M	-$51.55M	-$145.05M	-$63.53M	-$91.48M
Dividends paid	$28.37M	$28.79M	$25.95M	$26.36M	$26.36M	$26.85M	$25.30M	$25.22M	$25.57M	$110.28M	$23.73M	$24.13M
Share repurchases	$57.39M	$64.01M	$64.72M	$77.10M	$21.0K	$65.52M	$120.13M	$23.45M	$28.90M	$46.24M	$39.03M	$65.05M
Stock-based compensation	$5.94M	$6.25M	$12.27M	$5.95M	$5.67M	$6.39M	$11.12M	$6.04M	$6.17M	$6.30M	$10.27M	$6.78M

Key ratios

Key ratios
Line item	Q3 2026 Sep 30, 2026	Q2 2026 Jun 30, 2026	Q1 2026 Mar 31, 2026	Q4 2025* Dec 31, 2025	Q3 2025 Sep 30, 2025	Q2 2025 Jun 30, 2025	Q1 2025 Mar 31, 2025	Q4 2024* Dec 31, 2024	Q3 2024 Sep 30, 2024	Q2 2024 Jun 30, 2024	Q1 2024 Mar 31, 2024	Q4 2023* Dec 31, 2023
Revenue growth, YoY	8.1%	18.3%	13.1%	13.7%	14.9%	5.5%	6.9%	8.5%	1.4%	-7.1%	3.7%	4.7%
Net income growth, YoY	7.5%	14.6%	-4.7%	26.4%	18.9%	332.8%	34.8%	3.1%	16.7%	-70.9%	7.8%	45.5%
EPS growth, YoY	11.9%	19.0%	1.6%	27.8%	26.4%	480.0%	40.4%	13.7%	23.3%	-75.3%	14.1%	53.2%
Operating margin	30.2%	26.4%	26.4%	28.1%	27.6%	27.6%	31.1%	26.0%	27.4%	10.1%	24.9%	26.2%
Net margin	22.1%	20.7%	20.1%	22.2%	22.2%	21.4%	23.9%	19.9%	21.4%	5.2%	18.9%	21.0%
Free cash flow margin	23.7%	15.8%	5.0%	33.3%	21.6%	4.2%	3.1%	29.7%	27.9%	20.5%	3.4%	32.6%
Current ratio	2.48	2.59	3.28	2.75	3.13	3.37	3.04	2.70	2.75	2.75	3.39	2.51
Debt to equity	0.27	0.28	0.29	0.29	0.29	0.31	0.32	0.32	0.32	0.34	0.30	0.31

Source: XBRL data Federated Hermes Inc. files with the SEC, latest filing dated Oct 30, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

FHI peers

Company	Revenue	Growth	Net income	Net margin	Market cap
FHI	$1.97B	+13.2%	$419.62M	21.3%	$4.84B
BXBlackstone Inc.	$16.08B	+22.1%	$3.56B	22.1%	$92.03B
KKRKKR & Co. Inc.	$20.35B	+19.8%	$3.41B	16.8%	$90.53B
APOApollo Global Management Inc. (New)	$30.82B	+12.2%	-$918.00M	-3.0%	$72.47B
ARESAres Management Corporation	$5.76B	+7.6%	$432.80M	7.5%	$46.05B
AMPAmeriprise Financial Inc.	$20.14B	+8.8%	$4.16B	20.7%	$45.14B
TROWT. Rowe Price Group Inc.	$7.70B	+6.9%	$2.19B	28.4%	$23.66B
TPGTPG Inc.	$5.17B	+21.6%	$268.72M	5.2%	$18.78B
BENFranklin Templeton Inc.	$9.42B	+7.3%	$1.08B	11.4%	$18.44B

FHI FAQ

8 questions

What is FHI revenue?
Federated Hermes Inc. (FHI) reported $1.97B of revenue for the twelve months ended Sep 30, 2026. That is up 13.2% from the year before. Revenue for fiscal 2025 was $1.80B.
Is FHI profitable?
Yes. Federated Hermes Inc. earned $419.62M in net income for the twelve months ended Sep 30, 2026, a net margin of 21.3%.
How much cash and debt does FHI have?
Federated Hermes Inc. reported $373.66M in cash and cash equivalents and $348.56M of debt on its most recent balance sheet in SEC filings.
How fast is FHI revenue growing?
Federated Hermes Inc.'s revenue changed +10.3% in fiscal 2025, to $1.80B. Its compound annual growth rate was +4.5% over 5 years and +6.9% over 10 years.
What is FHI free cash flow?
Federated Hermes Inc. generated $384.70M of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $405.11M less capital expenditures.
What is FHI earnings per share?
Diluted earnings per share were $5.53 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
When did FHI last report financial results?
The latest statements here come from Federated Hermes Inc.'s 10-Q filed on Oct 30, 2026, covering the period ended Sep 30, 2026.
Where does this FHI financial data come from?
Quantisnow builds these statements from the structured XBRL data Federated Hermes Inc. files with the SEC. It is provided for information only and is not investment advice.