$FHI
FEDERATED HERMES, INC. Stock $fhi

$fhi Overview Financials Valuation SEC Filings Company Website

2023 Q4 Form 10-K Financial Statement

#000105628824000006 Filed on February 23, 2024

Income Statement

Concept	2023 Q4	2023
Revenue	$391.1M	$1.610B
YoY Change	4.6%	11.33%
Cost Of Revenue	$16.63M	$69.51M
YoY Change	3.31%	20.38%
Gross Profit	$374.4M	$1.540B
YoY Change	4.65%	10.93%
Gross Profit Margin	95.75%	95.67%
Selling, General & Admin	$263.5M	$1.089B
YoY Change	2.53%	12.68%
% of Gross Profit	70.38%	70.74%
Research & Development		$84.20M
YoY Change		8.25%
% of Gross Profit		5.47%
Depreciation & Amortization	$6.018M	$13.00M
YoY Change	-12.63%	-13.91%
% of Gross Profit	1.61%	0.84%
Operating Expenses	$258.4M	$1.222B
YoY Change	3.38%	10.19%
Operating Profit	$116.0M	$387.5M
YoY Change	7.61%	15.07%
Interest Expense	$14.69M	$23.46M
YoY Change	31.03%	-176.19%
% of Operating Profit	12.66%	6.05%
Other Income/Expense, Net	$461.0K	$23.78M
YoY Change	141.36%	-177.79%
Pretax Income	$117.3M	$411.3M
YoY Change	56.09%	34.32%
Income Tax	$31.26M	$106.6M
% Of Pretax Income	26.65%	25.9%
Net Earnings	$78.51M	$299.0M
YoY Change	44.98%	24.84%
Net Earnings / Revenue	20.07%	18.58%
Basic Earnings Per Share		$3.40
Diluted Earnings Per Share	$0.96	$3.40
COMMON SHARES
Basic Shares Outstanding		83.86M shares
Diluted Shares Outstanding		83.86M shares

Balance Sheet

Concept	2023 Q4	2023
SHORT-TERM ASSETS
Cash & Short-Term Investments	$560.7M	$560.7M
YoY Change	7.46%	7.46%
Cash & Equivalents	$383.2M	$383.2M
Short-Term Investments	$177.5M	$177.5M
Other Short-Term Assets	$5.900M	$35.64M
YoY Change	-28.61%	1.05%
Inventory
Prepaid Expenses	$29.74M
Receivables	$75.72M	$75.72M
Other Receivables	$48.69M	$48.69M
Total Short-Term Assets	$720.7M	$720.7M
YoY Change	10.71%	10.71%
LONG-TERM ASSETS
Property, Plant & Equipment	$30.71M	$130.0M
YoY Change	-14.08%	1.07%
Goodwill	$807.2M
YoY Change	0.84%
Intangibles	$409.4M
YoY Change	0.07%
Long-Term Investments
YoY Change
Other Assets	$34.53M	$34.53M
YoY Change	10.43%	10.43%
Total Long-Term Assets	$1.381B	$1.381B
YoY Change	0.85%	0.85%
TOTAL ASSETS
Total Short-Term Assets	$720.7M	$720.7M
Total Long-Term Assets	$1.381B	$1.381B
Total Assets	$2.102B	$2.102B
YoY Change	4.03%	4.03%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$88.29M	$88.29M
YoY Change	19.47%	19.47%
Accrued Expenses	$174.7M	$174.7M
YoY Change	3.88%	3.88%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$287.3M	$287.3M
YoY Change	11.63%	11.63%
LONG-TERM LIABILITIES
Long-Term Debt	$347.8M	$347.8M
YoY Change	0.08%	0.08%
Other Long-Term Liabilities	$32.45M	$126.3M
YoY Change	-20.37%	-1.01%
Total Long-Term Liabilities	$660.4M	$474.1M
YoY Change	0.74%	-0.22%
TOTAL LIABILITIES
Total Short-Term Liabilities	$287.3M	$287.3M
Total Long-Term Liabilities	$660.4M	$474.1M
Total Liabilities	$947.7M	$973.6M
YoY Change	3.81%	-0.12%
SHAREHOLDERS EQUITY
Retained Earnings	$1.195B
YoY Change	17.62%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$1.128B	$1.128B
YoY Change
Total Liabilities & Shareholders Equity	$2.102B	$2.102B
YoY Change	4.03%	4.03%

Cashflow Statement

Concept	2023 Q4	2023
OPERATING ACTIVITIES
Net Income	$78.51M	$299.0M
YoY Change	44.98%	24.84%
Depreciation, Depletion And Amortization	$6.018M	$13.00M
YoY Change	-12.63%	-13.91%
Cash From Operating Activities	$129.6M	$311.8M
YoY Change	-2.1%	-3.74%
INVESTING ACTIVITIES
Capital Expenditures	$2.112M	$7.915M
YoY Change	659.71%	81.04%
Acquisitions		$0.00
YoY Change		-100.0%
Other Investing Activities	-$37.06M	-$22.70M
YoY Change	20.46%	-18.9%
Cash From Investing Activities	-$39.17M	-$30.61M
YoY Change	26.18%	-5.4%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net		$177.1M
YoY Change		-18.83%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-91.48M	-$243.1M
YoY Change	16.51%	44.25%
NET CHANGE
Cash From Operating Activities	129.6M	$311.8M
Cash From Investing Activities	-39.17M	-$30.61M
Cash From Financing Activities	-91.48M	-$243.1M
Net Change In Cash	-1.027M	$46.00M
YoY Change	-104.5%	-55.3%
FREE CASH FLOW
Cash From Operating Activities	$129.6M	$311.8M
Capital Expenditures	$2.112M	$7.915M
Free Cash Flow	$127.5M	$303.9M
YoY Change	-3.49%	-4.9%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2022	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	1445814000	usd
CY2021	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	1300447000	usd
CY2021	us-gaap	Labor And Related Expense LaborAndRelatedExpense	532492000	usd
CY2021	us-gaap	Profit Loss ProfitLoss	272308000	usd
CY2022	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	36149000	usd
CY2023	us-gaap	Treasury Stock Value Acquired Cost Method TreasuryStockValueAcquiredCostMethod	179296000	usd
CY2022	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	1445814000	usd
CY2022	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	1445814000	usd
CY2023	dei	Entity Central Index Key EntityCentralIndexKey	0001056288
CY2023	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2023
CY2023	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	FY
CY2023	dei	Amendment Flag AmendmentFlag	false
CY2023Q4	us-gaap	Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1 RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1	P1Y
CY2023Q4	us-gaap	Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1 RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1	P1Y
CY2023Q4	us-gaap	Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1 RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1	P1Y
CY2023Q4	us-gaap	Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1 RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
CY2023	dei	Document Annual Report DocumentAnnualReport	true
CY2023	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2023	dei	Document Transition Report DocumentTransitionReport	false
CY2023	dei	Entity File Number EntityFileNumber	001-14818
CY2023	dei	Entity Registrant Name EntityRegistrantName	FEDERATED HERMES, INC.
CY2023	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	PA
CY2023	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	25-1111467
CY2023	dei	Entity Address Address Line1 EntityAddressAddressLine1	1001 Liberty Avenue
CY2023	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	15222-3779
CY2023	dei	Entity Address City Or Town EntityAddressCityOrTown	Pittsburgh,
CY2023	dei	Entity Address State Or Province EntityAddressStateOrProvince	PA
CY2023	dei	City Area Code CityAreaCode	412
CY2023	dei	Local Phone Number LocalPhoneNumber	288-1900
CY2023	dei	Security12b Title Security12bTitle	Class B common stock, no par value
CY2023	dei	Trading Symbol TradingSymbol	FHI
CY2023	dei	Security Exchange Name SecurityExchangeName	NYSE
CY2023	dei	Entity Well Known Seasoned Issuer EntityWellKnownSeasonedIssuer	Yes
CY2023	dei	Entity Voluntary Filers EntityVoluntaryFilers	No
CY2023	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2023	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
CY2023	dei	Entity Filer Category EntityFilerCategory	Large Accelerated Filer
CY2023	dei	Entity Small Business EntitySmallBusiness	false
CY2023	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	false
CY2023	dei	Icfr Auditor Attestation Flag IcfrAuditorAttestationFlag	true
CY2023	dei	Document Fin Stmt Error Correction Flag DocumentFinStmtErrorCorrectionFlag	false
CY2023	dei	Entity Shell Company EntityShellCompany	false
CY2023Q2	dei	Entity Public Float EntityPublicFloat	3000000000	usd
CY2023Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	383180000	usd
CY2022Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	336782000	usd
CY2023Q4	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	21000	usd
CY2022Q4	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	21000	usd
CY2023Q4	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	29739000	usd
CY2022Q4	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	27004000	usd
CY2023Q4	us-gaap	Other Assets Current OtherAssetsCurrent	5900000	usd
CY2022Q4	us-gaap	Other Assets Current OtherAssetsCurrent	8264000	usd
CY2023Q4	us-gaap	Assets Current AssetsCurrent	720729000	usd
CY2022Q4	us-gaap	Assets Current AssetsCurrent	651031000	usd
CY2023Q4	us-gaap	Goodwill Goodwill	807156000	usd
CY2022Q4	us-gaap	Goodwill Goodwill	800417000	usd
CY2023Q4	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	409449000	usd
CY2022Q4	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	409157000	usd
CY2023Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	30711000	usd
CY2022Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	35743000	usd
CY2023Q4	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	99265000	usd
CY2022Q4	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	92860000	usd
CY2023Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	34534000	usd
CY2022Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	31271000	usd
CY2023Q4	us-gaap	Assets Noncurrent AssetsNoncurrent	1381115000	usd
CY2022Q4	us-gaap	Assets Noncurrent AssetsNoncurrent	1369448000	usd
CY2023Q4	us-gaap	Assets Assets	2101844000	usd
CY2022Q4	us-gaap	Assets Assets	2020479000	usd
CY2023Q4	us-gaap	Accounts Payable And Other Accrued Liabilities Current AccountsPayableAndOtherAccruedLiabilitiesCurrent	88290000	usd
CY2022Q4	us-gaap	Accounts Payable And Other Accrued Liabilities Current AccountsPayableAndOtherAccruedLiabilitiesCurrent	73901000	usd
CY2023Q4	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	158392000	usd
CY2022Q4	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	149760000	usd
CY2023Q4	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	16283000	usd
CY2022Q4	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	18394000	usd
CY2023	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	1609574000	usd
CY2023	us-gaap	Labor And Related Expense LaborAndRelatedExpense	563388000	usd
CY2022	us-gaap	Labor And Related Expense LaborAndRelatedExpense	512713000	usd
CY2023	us-gaap	Other Cost And Expense Operating OtherCostAndExpenseOperating	371198000	usd
CY2022	us-gaap	Other Cost And Expense Operating OtherCostAndExpenseOperating	314554000	usd
CY2021	us-gaap	Other Cost And Expense Operating OtherCostAndExpenseOperating	160884000	usd
CY2023	us-gaap	Communications And Information Technology CommunicationsAndInformationTechnology	84203000	usd
CY2022	us-gaap	Communications And Information Technology CommunicationsAndInformationTechnology	77783000	usd
CY2021	us-gaap	Communications And Information Technology CommunicationsAndInformationTechnology	75429000	usd
CY2023	us-gaap	Professional Fees ProfessionalFees	69514000	usd
CY2022	us-gaap	Professional Fees ProfessionalFees	57747000	usd
CY2021	us-gaap	Professional Fees ProfessionalFees	60331000	usd
CY2023	us-gaap	Occupancy Net OccupancyNet	45069000	usd
CY2022	us-gaap	Occupancy Net OccupancyNet	43361000	usd
CY2021	us-gaap	Occupancy Net OccupancyNet	44573000	usd
CY2023	us-gaap	Marketing And Advertising Expense MarketingAndAdvertisingExpense	22992000	usd
CY2022	us-gaap	Marketing And Advertising Expense MarketingAndAdvertisingExpense	20931000	usd
CY2021	us-gaap	Marketing And Advertising Expense MarketingAndAdvertisingExpense	21600000	usd
CY2023	us-gaap	Travel And Entertainment Expense TravelAndEntertainmentExpense	15409000	usd
CY2022	us-gaap	Travel And Entertainment Expense TravelAndEntertainmentExpense	12456000	usd
CY2021	us-gaap	Travel And Entertainment Expense TravelAndEntertainmentExpense	5337000	usd
CY2023	fhi	Impairment And Amortization Of Intangible Assets ImpairmentAndAmortizationOfIntangibleAssets	13870000	usd
CY2022	fhi	Impairment And Amortization Of Intangible Assets ImpairmentAndAmortizationOfIntangibleAssets	44066000	usd
CY2021	fhi	Impairment And Amortization Of Intangible Assets ImpairmentAndAmortizationOfIntangibleAssets	13823000	usd
CY2023	us-gaap	Other Expenses OtherExpenses	36382000	usd
CY2022	us-gaap	Other Expenses OtherExpenses	25407000	usd
CY2021	us-gaap	Other Expenses OtherExpenses	19706000	usd
CY2023	us-gaap	Operating Expenses OperatingExpenses	1222025000	usd
CY2022	us-gaap	Operating Expenses OperatingExpenses	1109018000	usd
CY2021	us-gaap	Operating Expenses OperatingExpenses	934175000	usd
CY2023	us-gaap	Operating Income Loss OperatingIncomeLoss	387549000	usd
CY2022	us-gaap	Operating Income Loss OperatingIncomeLoss	336796000	usd
CY2021	us-gaap	Operating Income Loss OperatingIncomeLoss	366272000	usd
CY2023	us-gaap	Investment Income Interest And Dividend InvestmentIncomeInterestAndDividend	22559000	usd
CY2022	us-gaap	Investment Income Interest And Dividend InvestmentIncomeInterestAndDividend	8973000	usd
CY2021	us-gaap	Investment Income Interest And Dividend InvestmentIncomeInterestAndDividend	3171000	usd
CY2023	us-gaap	Gain Loss On Investments GainLossOnInvestments	13181000	usd
CY2022	us-gaap	Gain Loss On Investments GainLossOnInvestments	-28696000	usd
CY2021	us-gaap	Gain Loss On Investments GainLossOnInvestments	9532000	usd
CY2023	us-gaap	Interest And Debt Expense InterestAndDebtExpense	12519000	usd
CY2022	us-gaap	Interest And Debt Expense InterestAndDebtExpense	11073000	usd
CY2021	us-gaap	Interest And Debt Expense InterestAndDebtExpense	1785000	usd
CY2023	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	562000	usd
CY2022	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	222000	usd
CY2021	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-900000	usd
CY2023	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	23783000	usd
CY2022	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-30574000	usd
CY2021	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	10018000	usd
CY2023	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	411332000	usd
CY2022	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	306222000	usd
CY2021	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	376290000	usd
CY2023	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	106551000	usd
CY2022	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	71658000	usd
CY2021	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	103982000	usd
CY2023	us-gaap	Profit Loss ProfitLoss	304781000	usd
CY2022	us-gaap	Profit Loss ProfitLoss	234564000	usd
CY2021	us-gaap	Profit Loss ProfitLoss	272308000	usd
CY2023	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	5801000	usd
CY2022	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	-4932000	usd
CY2021	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	2015000	usd
CY2023	us-gaap	Net Income Loss NetIncomeLoss	298980000	usd
CY2022	us-gaap	Net Income Loss NetIncomeLoss	239496000	usd
CY2021	us-gaap	Net Income Loss NetIncomeLoss	270293000	usd
CY2023	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	3.40
CY2022	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	2.65
CY2021	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	2.77
CY2023	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	3.40
CY2022	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	2.65
CY2021	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	2.75
CY2023	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	1.11
CY2022	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	1.08
CY2021	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	1.08
CY2023	us-gaap	Profit Loss ProfitLoss	304781000	usd
CY2022	us-gaap	Profit Loss ProfitLoss	234564000	usd
CY2023	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax	25765000	usd
CY2022	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax	-62038000	usd
CY2021	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax	1191000	usd
CY2023	us-gaap	Translation Adjustment Functional To Reporting Currency Net Of Tax Period Increase Decrease TranslationAdjustmentFunctionalToReportingCurrencyNetOfTaxPeriodIncreaseDecrease	585000	usd
CY2022	us-gaap	Translation Adjustment Functional To Reporting Currency Net Of Tax Period Increase Decrease TranslationAdjustmentFunctionalToReportingCurrencyNetOfTaxPeriodIncreaseDecrease	-2329000	usd
CY2021	us-gaap	Translation Adjustment Functional To Reporting Currency Net Of Tax Period Increase Decrease TranslationAdjustmentFunctionalToReportingCurrencyNetOfTaxPeriodIncreaseDecrease	-7443000	usd
CY2023	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	26350000	usd
CY2022	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-64367000	usd
CY2021	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-6252000	usd
CY2023	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	331131000	usd
CY2022	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	170197000	usd
CY2021	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	266056000	usd
CY2023	fhi	Comprehensive Income Net Of Tax Attributable To Redeemable Noncontrolling Interest ComprehensiveIncomeNetOfTaxAttributableToRedeemableNoncontrollingInterest	6386000	usd
CY2022	fhi	Comprehensive Income Net Of Tax Attributable To Redeemable Noncontrolling Interest ComprehensiveIncomeNetOfTaxAttributableToRedeemableNoncontrollingInterest	-7261000	usd
CY2021	fhi	Comprehensive Income Net Of Tax Attributable To Redeemable Noncontrolling Interest ComprehensiveIncomeNetOfTaxAttributableToRedeemableNoncontrollingInterest	-5428000	usd
CY2023	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	324745000	usd
CY2022	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	177458000	usd
CY2021	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	271484000	usd
CY2020Q4	us-gaap	Stockholders Equity StockholdersEquity	1136997000	usd
CY2021	fhi	Equity Profit Loss EquityProfitLoss	270293000	usd
CY2021	fhi	Other Comprehensive Income Loss Net Of Tax Statement Of Shareholders Equity OtherComprehensiveIncomeLossNetOfTaxStatementOfShareholdersEquity	1191000	usd
CY2021	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	31737000	usd
CY2021	us-gaap	Dividends Common Stock Cash DividendsCommonStockCash	105729000	usd
CY2021	us-gaap	Minority Interest Change In Redemption Value MinorityInterestChangeInRedemptionValue	19256000	usd
CY2021	us-gaap	Treasury Stock Value Acquired Cost Method TreasuryStockValueAcquiredCostMethod	239728000	usd
CY2021Q4	us-gaap	Stockholders Equity StockholdersEquity	1114017000	usd
CY2022	fhi	Equity Profit Loss EquityProfitLoss	239496000	usd
CY2022	fhi	Other Comprehensive Income Loss Net Of Tax Statement Of Shareholders Equity OtherComprehensiveIncomeLossNetOfTaxStatementOfShareholdersEquity	-62038000	usd
CY2022	us-gaap	Dividends Common Stock Cash DividendsCommonStockCash	97842000	usd
CY2022	fhi	Adjustment To Additional Paid In Capital Acquisition Of Additional Equity AdjustmentToAdditionalPaidInCapitalAcquisitionOfAdditionalEquity	37567000	usd
CY2022	us-gaap	Treasury Stock Retired Cost Method Amount TreasuryStockRetiredCostMethodAmount	0	usd
CY2022	us-gaap	Minority Interest Change In Redemption Value MinorityInterestChangeInRedemptionValue	-14221000	usd
CY2023	fhi	Equity Profit Loss EquityProfitLoss	298980000	usd
CY2023	fhi	Other Comprehensive Income Loss Net Of Tax Statement Of Shareholders Equity OtherComprehensiveIncomeLossNetOfTaxStatementOfShareholdersEquity	25765000	usd
CY2023	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	35116000	usd
CY2023	us-gaap	Dividends Common Stock Cash DividendsCommonStockCash	98005000	usd
CY2023Q4	us-gaap	Stockholders Equity StockholdersEquity	1128252000	usd
CY2023	us-gaap	Profit Loss ProfitLoss	304781000	usd
CY2022	us-gaap	Profit Loss ProfitLoss	234564000	usd
CY2021	us-gaap	Profit Loss ProfitLoss	272308000	usd
CY2023	us-gaap	Other Depreciation And Amortization OtherDepreciationAndAmortization	26835000	usd
CY2022	us-gaap	Other Depreciation And Amortization OtherDepreciationAndAmortization	28085000	usd
CY2021	us-gaap	Other Depreciation And Amortization OtherDepreciationAndAmortization	30010000	usd
CY2023	us-gaap	Share Based Compensation ShareBasedCompensation	33947000	usd
CY2022	us-gaap	Share Based Compensation ShareBasedCompensation	34798000	usd
CY2021	us-gaap	Share Based Compensation ShareBasedCompensation	30294000	usd
CY2023	fhi	Share Based Compensation Related Party ShareBasedCompensationRelatedParty	0	usd
CY2022	fhi	Share Based Compensation Related Party ShareBasedCompensationRelatedParty	707000	usd
CY2021	fhi	Share Based Compensation Related Party ShareBasedCompensationRelatedParty	9411000	usd
CY2023	us-gaap	Gain Loss On Disposition Of Assets1 GainLossOnDispositionOfAssets1	-260000	usd
CY2022	us-gaap	Gain Loss On Disposition Of Assets1 GainLossOnDispositionOfAssets1	-4844000	usd
CY2021	us-gaap	Gain Loss On Disposition Of Assets1 GainLossOnDispositionOfAssets1	6964000	usd
CY2023	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	4252000	usd
CY2022	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-18822000	usd
CY2021	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	18163000	usd
CY2023	us-gaap	Impairment Of Intangible Assets Indefinitelived Excluding Goodwill ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill	0	usd
CY2022	us-gaap	Impairment Of Intangible Assets Indefinitelived Excluding Goodwill ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill	31520000	usd
CY2021	us-gaap	Impairment Of Intangible Assets Indefinitelived Excluding Goodwill ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill	0	usd
CY2023	us-gaap	Unrealized Gain Loss On Investments UnrealizedGainLossOnInvestments	13423000	usd
CY2022	us-gaap	Unrealized Gain Loss On Investments UnrealizedGainLossOnInvestments	-24383000	usd
CY2021	us-gaap	Unrealized Gain Loss On Investments UnrealizedGainLossOnInvestments	1965000	usd
CY2023	fhi	Proceedsfrom Paymentsfor Investments Consolidatedinvestmentcompanies ProceedsfromPaymentsforInvestmentsConsolidatedinvestmentcompanies	-34328000	usd
CY2022	fhi	Proceedsfrom Paymentsfor Investments Consolidatedinvestmentcompanies ProceedsfromPaymentsforInvestmentsConsolidatedinvestmentcompanies	-20170000	usd
CY2021	fhi	Proceedsfrom Paymentsfor Investments Consolidatedinvestmentcompanies ProceedsfromPaymentsforInvestmentsConsolidatedinvestmentcompanies	-179419000	usd
CY2023	fhi	Consolidation Deconsolidation Of Investment Companies ConsolidationDeconsolidationOfInvestmentCompanies	1647000	usd
CY2022	fhi	Consolidation Deconsolidation Of Investment Companies ConsolidationDeconsolidationOfInvestmentCompanies	-20000	usd
CY2021	fhi	Consolidation Deconsolidation Of Investment Companies ConsolidationDeconsolidationOfInvestmentCompanies	10379000	usd
CY2023	us-gaap	Increase Decrease In Receivables IncreaseDecreaseInReceivables	27568000	usd
CY2022	us-gaap	Increase Decrease In Receivables IncreaseDecreaseInReceivables	4367000	usd
CY2021	us-gaap	Increase Decrease In Receivables IncreaseDecreaseInReceivables	-6662000	usd
CY2023	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	-20748000	usd
CY2022	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	-18582000	usd
CY2021	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	-10275000	usd
CY2023	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	14627000	usd
CY2022	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	4669000	usd
CY2021	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-6365000	usd
CY2023	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	-19947000	usd
CY2022	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	-14825000	usd
CY2021	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	-22406000	usd
CY2023	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	311831000	usd
CY2022	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	323948000	usd
CY2021	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	170383000	usd
CY2023	fhi	Purchasesofinvestments Affiliatesandother PurchasesofinvestmentsAffiliatesandother	57999000	usd
CY2022	fhi	Purchasesofinvestments Affiliatesandother PurchasesofinvestmentsAffiliatesandother	22644000	usd
CY2021	fhi	Purchasesofinvestments Affiliatesandother PurchasesofinvestmentsAffiliatesandother	9429000	usd
CY2023	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	0	usd
CY2022	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	28111000	usd
CY2021	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	0	usd
CY2023	us-gaap	Payments To Acquire Intangible Assets PaymentsToAcquireIntangibleAssets	0	usd
CY2022	us-gaap	Payments To Acquire Intangible Assets PaymentsToAcquireIntangibleAssets	0	usd
CY2021	us-gaap	Payments To Acquire Intangible Assets PaymentsToAcquireIntangibleAssets	5324000	usd
CY2023	fhi	Proceedsfromredemptionsofinvestmentsaffiliatesother Proceedsfromredemptionsofinvestmentsaffiliatesother	35304000	usd
CY2022	fhi	Proceedsfromredemptionsofinvestmentsaffiliatesother Proceedsfromredemptionsofinvestmentsaffiliatesother	22770000	usd
CY2021	fhi	Proceedsfromredemptionsofinvestmentsaffiliatesother Proceedsfromredemptionsofinvestmentsaffiliatesother	35990000	usd
CY2023	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	7915000	usd
CY2022	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	4372000	usd
CY2023	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-30610000	usd
CY2021	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	105764000	usd
CY2022	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	218141000	usd
CY2021	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	228349000	usd
CY2023	us-gaap	Payments Of Distributions To Affiliates PaymentsOfDistributionsToAffiliates	39960000	usd
CY2022	us-gaap	Payments Of Distributions To Affiliates PaymentsOfDistributionsToAffiliates	25979000	usd
CY2021	us-gaap	Payments Of Distributions To Affiliates PaymentsOfDistributionsToAffiliates	4926000	usd
CY2023	us-gaap	Proceeds From Minority Shareholders ProceedsFromMinorityShareholders	72823000	usd
CY2022	us-gaap	Proceeds From Minority Shareholders ProceedsFromMinorityShareholders	55171000	usd
CY2021	us-gaap	Proceeds From Minority Shareholders ProceedsFromMinorityShareholders	107635000	usd
CY2023	us-gaap	Payments To Minority Shareholders PaymentsToMinorityShareholders	0	usd
CY2022	us-gaap	Payments To Minority Shareholders PaymentsToMinorityShareholders	0	usd
CY2021	us-gaap	Payments To Minority Shareholders PaymentsToMinorityShareholders	165886000	usd
CY2023	fhi	Cash Paid For Business Acquisitions CashPaidForBusinessAcquisitions	2065000	usd
CY2022	fhi	Cash Paid For Business Acquisitions CashPaidForBusinessAcquisitions	7105000	usd
CY2021	fhi	Cash Paid For Business Acquisitions CashPaidForBusinessAcquisitions	2007000	usd
CY2023	us-gaap	Proceeds From Issuance Of Long Term Debt ProceedsFromIssuanceOfLongTermDebt	0	usd
CY2022	us-gaap	Proceeds From Issuance Of Long Term Debt ProceedsFromIssuanceOfLongTermDebt	488300000	usd
CY2021	us-gaap	Proceeds From Issuance Of Long Term Debt ProceedsFromIssuanceOfLongTermDebt	295650000	usd
CY2023	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	0	usd
CY2022	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	361650000	usd
CY2021	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	147300000	usd
CY2023	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	1274000	usd
CY2022	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	-1194000	usd
CY2021	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	1475000	usd
CY2023	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-243087000	usd
CY2022	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-168513000	usd
CY2021	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-249472000	usd
CY2023	us-gaap	Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	7865000	usd
CY2022	us-gaap	Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	-20174000	usd
CY2021	us-gaap	Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	-2311000	usd
CY2023	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	45999000	usd
CY2022	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	102904000	usd
CY2021	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-70584000	usd
CY2022Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	340955000	usd
CY2021Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	238051000	usd
CY2020Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	308635000	usd
CY2023Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	386954000	usd
CY2022Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	340955000	usd
CY2021Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	238051000	usd
CY2023Q4	us-gaap	Restricted Cash And Cash Equivalents At Carrying Value RestrictedCashAndCashEquivalentsAtCarryingValue	3498000	usd
CY2022Q4	us-gaap	Restricted Cash And Cash Equivalents At Carrying Value RestrictedCashAndCashEquivalentsAtCarryingValue	3773000	usd
CY2021Q4	us-gaap	Restricted Cash And Cash Equivalents At Carrying Value RestrictedCashAndCashEquivalentsAtCarryingValue	4419000	usd
CY2023Q4	us-gaap	Restricted Cash And Cash Equivalents Noncurrent RestrictedCashAndCashEquivalentsNoncurrent	276000	usd
CY2022Q4	us-gaap	Restricted Cash And Cash Equivalents Noncurrent RestrictedCashAndCashEquivalentsNoncurrent	400000	usd
CY2021Q4	us-gaap	Restricted Cash And Cash Equivalents Noncurrent RestrictedCashAndCashEquivalentsNoncurrent	305000	usd
CY2023Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	383180000	usd
CY2022Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	336782000	usd
CY2021Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	233327000	usd
CY2023	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	108639000	usd
CY2022	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	85579000	usd
CY2021	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	91925000	usd
CY2023	us-gaap	Interest Paid Net InterestPaidNet	11648000	usd
CY2022	us-gaap	Interest Paid Net InterestPaidNet	7184000	usd
CY2021	us-gaap	Interest Paid Net InterestPaidNet	1133000	usd
CY2023	us-gaap	Prior Period Reclassification Adjustment Description PriorPeriodReclassificationAdjustmentDescription	<div style="margin-top:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">(c) Reclassification of Prior Period Financial Statements </span></div><div style="margin-top:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Certain items previously reported have been reclassified to conform to the current year’s presentation.</span></div>
CY2023	us-gaap	Number Of Operating Segments NumberOfOperatingSegments	1	segment
CY2023	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	1609574000	usd
CY2023	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	1609574000	usd
CY2021	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	1300447000	usd
CY2023	us-gaap	Revenue Performance Obligation Description Of Timing RevenuePerformanceObligationDescriptionOfTiming	Generally, contracts are billed in arrears on a quarterly basis and have a three-year duration, after which the customer can terminate the agreement with notice, generally from three to twelve months.
CY2023Q4	us-gaap	Revenue Remaining Performance Obligation RevenueRemainingPerformanceObligation	10891000	usd
CY2023Q4	us-gaap	Revenue Remaining Performance Obligation RevenueRemainingPerformanceObligation	2507000	usd
CY2023Q4	us-gaap	Revenue Remaining Performance Obligation RevenueRemainingPerformanceObligation	1421000	usd
CY2023Q4	us-gaap	Revenue Remaining Performance Obligation RevenueRemainingPerformanceObligation	46000	usd
CY2023	fhi	Voluntary Yield Related Fee Waivers VoluntaryYieldRelatedFeeWaivers	0	usd
CY2022	fhi	Voluntary Yield Related Fee Waivers VoluntaryYieldRelatedFeeWaivers	85300000	usd
CY2022	fhi	Decrease In Distribution Expenses DecreaseInDistributionExpenses	66500000	usd
CY2022	fhi	Fee Waivers Net Of Distribution Expenses FeeWaiversNetOfDistributionExpenses	18800000	usd
CY2023	fhi	Fee Waivers FeeWaivers	504500000	usd
CY2023	us-gaap	Gain Loss On Investments GainLossOnInvestments	13181000	usd
CY2022	us-gaap	Gain Loss On Investments GainLossOnInvestments	-28696000	usd
CY2021	us-gaap	Gain Loss On Investments GainLossOnInvestments	9532000	usd
CY2023Q4	us-gaap	Business Combination Contingent Consideration Liability BusinessCombinationContingentConsiderationLiability	7600000	usd
CY2023Q4	us-gaap	Business Combination Contingent Consideration Liability Current BusinessCombinationContingentConsiderationLiabilityCurrent	4000000	usd
CY2023Q4	us-gaap	Business Combination Contingent Consideration Liability Noncurrent BusinessCombinationContingentConsiderationLiabilityNoncurrent	3600000	usd
CY2022	us-gaap	Impairment Of Intangible Assets Indefinitelived Excluding Goodwill ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill	31500000	usd
CY2023	us-gaap	Impairment Of Intangible Assets Indefinitelived Excluding Goodwill ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill	0	usd
CY2023	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	13900000	usd
CY2023	us-gaap	Line Of Credit Facility Unused Capacity Commitment Fee Percentage LineOfCreditFacilityUnusedCapacityCommitmentFeePercentage	0.0010
CY2023	us-gaap	Finite Lived Intangible Assets Foreign Currency Translation Gain Loss FiniteLivedIntangibleAssetsForeignCurrencyTranslationGainLoss	2500000	usd
CY2023	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	13900000	usd
CY2022	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	12500000	usd
CY2021	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	13800000	usd
CY2023Q4	us-gaap	Finite Lived Intangible Assets Amortization Expense Next Twelve Months FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths	13000000	usd
CY2023Q4	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Two FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo	12923000	usd
CY2023Q4	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Three FiniteLivedIntangibleAssetsAmortizationExpenseYearThree	9147000	usd
CY2023Q4	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Four FiniteLivedIntangibleAssetsAmortizationExpenseYearFour	5787000	usd
CY2023Q4	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Five FiniteLivedIntangibleAssetsAmortizationExpenseYearFive	4906000	usd
CY2023	us-gaap	Goodwill Period Increase Decrease GoodwillPeriodIncreaseDecrease	6700000	usd
CY2023Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	150563000	usd
CY2022Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	155383000	usd
CY2023Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	119852000	usd
CY2022Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	119640000	usd
CY2023Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	30711000	usd
CY2022Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	35743000	usd
CY2023	us-gaap	Depreciation Depreciation	13000000	usd
CY2022	us-gaap	Depreciation Depreciation	15100000	usd
CY2021	us-gaap	Depreciation Depreciation	15400000	usd
CY2023Q4	us-gaap	Line Of Credit Facility Maximum Borrowing Capacity LineOfCreditFacilityMaximumBorrowingCapacity	350000000	usd
CY2023Q4	fhi	Line Of Credit Facility Accordion Feature LineOfCreditFacilityAccordionFeature	200000000	usd
CY2023Q4	us-gaap	Line Of Credit LineOfCredit	0	usd
CY2022Q4	us-gaap	Line Of Credit LineOfCredit	0	usd
CY2023Q4	us-gaap	Line Of Credit Facility Remaining Borrowing Capacity LineOfCreditFacilityRemainingBorrowingCapacity	350000000	usd
CY2023Q4	fhi	Line Of Credit Facility Accordion Feature Available For Borrowings LineOfCreditFacilityAccordionFeatureAvailableForBorrowings	200000000	usd
CY2023	us-gaap	Defined Contribution Plan Cost Recognized DefinedContributionPlanCostRecognized	14400000	usd
CY2022	us-gaap	Defined Contribution Plan Cost Recognized DefinedContributionPlanCostRecognized	13900000	usd
CY2021	us-gaap	Defined Contribution Plan Cost Recognized DefinedContributionPlanCostRecognized	14400000	usd
CY2023	us-gaap	Share Based Compensation ShareBasedCompensation	33900000	usd
CY2022	us-gaap	Share Based Compensation ShareBasedCompensation	34800000	usd
CY2021	us-gaap	Share Based Compensation ShareBasedCompensation	30300000	usd
CY2023	us-gaap	Employee Service Share Based Compensation Tax Benefit From Compensation Expense EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense	8300000	usd
CY2022	us-gaap	Employee Service Share Based Compensation Tax Benefit From Compensation Expense EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense	8200000	usd
CY2021	us-gaap	Employee Service Share Based Compensation Tax Benefit From Compensation Expense EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense	7100000	usd
CY2023Q4	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized	87800000	usd
CY2023	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1 EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1	P6Y
CY2022Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber	4536758	shares
CY2022Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue	29.54
CY2023	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod	876296	shares
CY2023	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue	34.20
CY2023	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod	1398118	shares
CY2023	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue	29.49
CY2023	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod	128442	shares
CY2023	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue	29.66
CY2023Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber	3886494	shares
CY2023Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue	30.60
CY2023	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod	876296	shares
CY2023	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue	34.20
CY2022	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod	2314542	shares
CY2022	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue	32.89
CY2021	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod	1218613	shares
CY2021	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue	30.07
CY2023	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue	49500000	usd
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CY2022	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.210
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CY2023	us-gaap	Effective Income Tax Rate Reconciliation State And Local Income Taxes EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes	0.024
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CY2023	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.259
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CY2023	us-gaap	Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance	0.010
CY2023	fhi	Effective Income Tax Rate Reconciliation Nondeductible Expense Restructuring Of Infrastructure Fund Percent EffectiveIncomeTaxRateReconciliationNondeductibleExpenseRestructuringOfInfrastructureFundPercent	0.009
CY2023	fhi	Effective Income Tax Rate Reconciliation Deferred Tax Asset Related To Write Off Of Subsidiary Foreign Percent EffectiveIncomeTaxRateReconciliationDeferredTaxAssetRelatedToWriteOffOfSubsidiaryForeignPercent	0.008
CY2023Q4	us-gaap	Deferred Tax Assets Operating Loss Carryforwards DeferredTaxAssetsOperatingLossCarryforwards	72886000	usd
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CY2023Q4	us-gaap	Deferred Tax Liabilities Goodwill And Intangible Assets DeferredTaxLiabilitiesGoodwillAndIntangibleAssets	216093000	usd
CY2022Q4	us-gaap	Deferred Tax Liabilities Goodwill And Intangible Assets DeferredTaxLiabilitiesGoodwillAndIntangibleAssets	211340000	usd
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CY2022Q4	us-gaap	Deferred Income Tax Liabilities DeferredIncomeTaxLiabilities	247128000	usd
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CY2022Q4	us-gaap	Deferred Tax Assets Operating Loss Carryforwards DeferredTaxAssetsOperatingLossCarryforwards	69600000	usd
CY2022Q4	us-gaap	Unrecognized Tax Benefits UnrecognizedTaxBenefits	0	usd
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CY2022	us-gaap	Participating Securities Distributed And Undistributed Earnings Loss Basic ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic	11828000	usd
CY2021	us-gaap	Participating Securities Distributed And Undistributed Earnings Loss Basic ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic	10858000	usd
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CY2021	fhi	Temporary Equity Consolidation Deconsolidation TemporaryEquityConsolidationDeconsolidation	-985248000	usd
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CY2023	fhi	Temporary Equity Consolidation Deconsolidation TemporaryEquityConsolidationDeconsolidation	-75225000	usd
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CY2023Q4	fhi	Property Plantand Equipment And Operating Lease Rightof Use Asset After Accumulated Depreciation And Amortization PropertyPlantandEquipmentAndOperatingLeaseRightofUseAssetAfterAccumulatedDepreciationAndAmortization	129976000	usd
CY2022Q4	fhi	Property Plantand Equipment And Operating Lease Rightof Use Asset After Accumulated Depreciation And Amortization PropertyPlantandEquipmentAndOperatingLeaseRightofUseAssetAfterAccumulatedDepreciationAndAmortization	128603000	usd
CY2023Q4	ecd	Rule10b51 Arr Adopted Flag Rule10b51ArrAdoptedFlag	false
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CY2023	dei	Auditor Name AuditorName	Ernst & Young LLP
CY2023	dei	Auditor Location AuditorLocation	Pittsburgh, PA
CY2023	dei	Auditor Firm AuditorFirmId	42

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$FHI
FEDERATED HERMES, INC. Stock $fhi

2023 Q4 Form 10-K Financial Statement

#000105628824000006 Filed on February 23, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$FHI FEDERATED HERMES, INC. Stock $fhi

2023 Q4 Form 10-K Financial Statement

#000105628824000006 Filed on February 23, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$FHI
FEDERATED HERMES, INC. Stock $fhi