Federated Hermes Inc
federatedhermes.comWhat Do They Do?
Manages money market, equity and fixed-income funds for financial intermediaries, institutions and other customers.
10-K for FY2025, filed Feb 27, 2026Federated Hermes operates in one operating segment, the investment management business. Federated Hermes sponsors, markets and provides…View ↗
Federated Hermes provides investment advisory services to 176 Federated Hermes Funds as of December 31, 2025. Federated Hermes markets…View ↗
Federated Hermes offers a wide range of investment offerings, including money market, equity, fixed-income, alternative/private markets and…View ↗
Federated Hermes’ distribution strategy is to provide investment offerings to more than 11,000 institutions, financial intermediaries and…View ↗
How Do They Make Money?
Federated Hermes Funds generate fees mainly as a percentage of managed assets; advisory and administrative services are provided day by day, and most related payments are settled daily. Separate Account fees are also typically based on managed assets, while most fees for other services are settled monthly.
10-K for FY2025, filed Feb 27, 2026Revenue from providing investment advisory, administrative and the majority of other services is recognized when a performance obligation…View ↗
Federated Hermes’ revenue is earned from investment advisory (includes performance fees and carried interest), administrative, distribution…View ↗
As of December 31, 2025, Federated Hermes provided investment strategies to $278.3 billion in Separate Account assets. These Separate…View ↗
-
10-K for FY2025, filed Feb 27, 2026
FY2025 revenue by product or service ↗
$1.8B
-
10-K for FY2025, filed Feb 27, 2026
$1.8B ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Federated Hermes Funds
Recurring
10-K for FY2025, filed Feb 27, 2026 |
84%
FY2022: 82%
|
Federated Hermes Funds, FY2025
$1.5B Sources
|
Recurring |
|
Separate Accounts
Recurring
10-K for FY2025, filed Feb 27, 2026 |
14%
FY2022: 17%
|
Separate Accounts, FY2025
$255.8M Sources
|
Recurring |
|
Other
Recurring
|
1.8%
FY2022: 1.3%
|
Other, FY2025
$33M Sources
|
Recurring |
Who Are Their Customers?
Financial intermediaries such as banks, broker/dealers and registered investment advisers distribute offerings to retail investors; Federated Hermes also markets offerings to institutional customers, including government entities, corporations and pension funds.
10-K for FY2025, filed Feb 27, 2026
Do Revenues Turn Into Profits?
Yes. It kept 22 cents of every revenue dollar as net income in FY2025 and turned 16 cents into free cash flow.
10-K for FY2025, filed Feb 27, 2026
$513.9MView ↗
10-K for FY2025, filed Feb 27, 2026
$403.3MView ↗
10-K for FY2025, filed Feb 27, 2026
$294.6MView ↗
How Are They Changing?
10-Q for Q2 FY2026, filed Jul 31, 2026
Open tableView ↗
-
Jul 30, 2026
Acquired a majority interest in FCP Fund Manager
The real estate manager expanded the private markets business.
Sources
8-K, filed Jul 30, 2026
"We continued to broaden our investment offerings by launching two new exchange-traded funds (ETFs) and introducing our first fund designed…View ↗
Growing. Revenue grew 38% in 4 years, from $1.3B in FY2021 to $1.8B in FY2025, about 8% a year.
Renewable energy development
The latest report adds renewable energy project development services alongside stewardship and real estate development services.
10-K for FY2022, filed Feb 24, 2023 10-K for FY2025, filed Feb 27, 2026Federated Hermes operates in one operating segment, the investment management business. Federated Hermes sponsors, markets and provides…View ↗
Federated Hermes operates in one operating segment, the investment management business. Federated Hermes sponsors, markets and provides…View ↗
Loading...
