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NYSE · Financials

FEDERATED HERMES, INC. (FHI)

As-reported financials and SEC filings for FEDERATED HERMES, INC. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About FEDERATED HERMES, INC.

Federated Hermes, Inc. is an investment management company that provides active investing services with $902.6 billion in assets under management as of December 31, 2025. The company offers a range of investment products including money market, equity, fixed-income, alternative/private markets, and multi-asset funds to institutions, banks, broker/dealers, financial intermediaries, and other customers. Federated Hermes also provides stewardship, real estate development, and renewable energy project development services to domestic and international clients.

Snapshot

Revenue
$1.80B
Revenue growth (YoY)
10.3%
Net income
$403.3M
Diluted EPS
$5.13
Gross margin
Operating margin
28.5%
Net margin
22.4%
FCF margin
16.4%
ROE
net income / fiscal-year-end equity
P/E
11.8×
trailing when available, otherwise FY EPS
Market cap
$4.64B
Long-term debt / equity
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Federated Hermes

  • Revenue grew 10.3% to $1.8B in FY2025, faster than the 1.4% the year before.
  • Operating margin is 28.5% in FY2025, +0.4 pp against 28.2% in FY2021.
  • Most recent quarter Q2 FY2026: revenue $503M, up 18.3% from Q2 FY2025.
  • Free cash flow was $295M in FY2025, 16.4% of revenue.
  • Net income rose 50.3% to $403M in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Federated Hermes’s fundamentals sit among the 425 Financials companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Operating margin28.5%
74th percentile of 146
Net margin22.4%
64th percentile of 377
FCF margin16.4%
46th percentile of 272
Revenue growth (YoY)+10.3%
51st percentile of 420
P/E11.8×
39th percentile of 318
Short interest7.94d
88th percentile of 420

No reported insider purchases (code P) in the last 90 days; 6 insider sales totaling $1.7M. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 1 of the superinvestors we track (plus 5 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
1
+5 quant / multi-strat
Initiated / added
2
0 new, 2 added
Reduced / exited
4
4 trimmed, 0 exited
Combined position
$216.8M
reported long value
InvestorAs ofPosition valueSharesChange
AQR Capital ManagementquantQ2 2026$135.9M2.5MReduced
Citadel AdvisorsquantQ2 2026$54.3M982.7KAdded
Renaissance TechnologiesquantQ2 2026$18.2M329.3KAdded
Two Sigma InvestmentsquantQ2 2026$5.3M96.2KReduced
Bridgewater AssociatesQ2 2026$1.6M29.2KReduced
Millennium ManagementquantQ2 2026$1.5M27.5KReduced

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
code P value
Sells (90d)
6
$1.7M
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-08-20
filed 2026-08-21
Germain Peter JEVP, CLO & Sec.Sell5.0K$63.17$316K
2026-08-04
filed 2026-08-05
Nusseibeh Saker AnwarCEO, Federated Hermes LimitedSell6.4K$64.19$411K
2026-08-04
filed 2026-08-05
Nusseibeh Saker AnwarCEO, Federated Hermes LimitedSell630$64.76$41K
2026-06-23
Van Meter StephenVP, Chief Compliance OfficerSell1.7K$59.64$100K
2026-06-16
filed 2026-06-17
Uhlman Paul AVice PresidentSell6.1K$58.67$361K
2026-06-08
filed 2026-06-09
Nusseibeh Saker AnwarCEO, Federated Hermes LimitedSell8.9K$57.34$513K
2026-05-26
Uhlman Paul AVice PresidentSell1.0K$55.30$56K
2026-05-26
Germain Peter JEVP, CLO & Sec.Sell409$55.31$23K
2026-05-15
Germain Peter JEVP, CLO & Sec.Sell5.0K$54.30$271K
2026-05-07
filed 2026-05-08
Burke Bryan MVice PresidentSell4.0K$54.20$217K

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
4.4M
settled 2026-08-14
Change vs prior
+19.1%
vs previous settlement
Days to cover
7.94
at avg daily volume
Avg daily volume
554.2K
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-144.4M+19.1%7.94
2026-07-313.7M-6.7%7.23
2026-07-154.0M+0.5%5.69
2026-06-303.9M+7.2%6.06
2026-06-153.7M+3.2%5.35
2026-05-293.6M-1.9%4.33
2026-05-153.6M+0.3%4.28
2026-04-303.6M+14.9%4.18

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$1.80B$1.63B$1.61B$1.45B$1.30B
Gross profit
Operating income$513.9M$361.5M$387.5M$336.8M$366.3M
Net income$403.3M$268.3M$299.0M$239.5M$270.3M
Diluted EPS$5.13$3.23$3.40$2.65$2.75

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$297.3M$346.6M$311.8M$323.9M$170.4M
Capital expenditure$2.8M$4.0M$7.9M$4.4M$10.4M
Free cash flow$294.6M$342.5M$303.9M$319.6M$160.0M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$502.8M18.3%$104.3M$1.38
Q1 FY2026$479.0M13.1%$96.4M$1.27
Q4 FY2025$482.8M13.7%$107.0M$1.45
Q3 FY2025$469.4M14.9%$104.1M$1.34
Q2 FY2025$424.8M5.5%$91.0M$1.16
Q1 FY2025$423.5M6.9%$101.1M$1.25
Q4 FY2024$424.7M8.5%$84.7M$1.08
Q3 FY2024$408.5M1.4%$87.5M$1.06

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNYSE
SectorFinancials
SIC industryInvestment Advice
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ2 FY2026 (ended June 30, 2026)
Oldest indexed filing2016
SEC CIK1056288

Selected SEC filings

10-Q2026-07-31
View on EDGAR →
10-Q2026-05-01
View on EDGAR →
8-K2026-07-30
View on EDGAR →
8-K2026-04-30
View on EDGAR →
8-K2026-04-09
View on EDGAR →

Largest Financials peers

All Financials companies →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.