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Federated Hermes (FHI) Financials

Federated Hermes logo
$55.10 +1.10 (+2.04%)
Closing price 03:59 PM Eastern
Extended Trading
$55.52 +0.43 (+0.77%)
As of 07:40 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for Federated Hermes

Annual Income Statements for Federated Hermes

This table shows Federated Hermes' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 170 209 291 220 272 326 270 239 299 268 403
Consolidated Net Income / (Loss)		 172 222 295 222 277 336 272 235 305 268 414
Net Income / (Loss) Continuing Operations		 172 222 295 222 277 336 272 235 305 268 414
Total Pre-Tax Income 		275 341 352 296 365 446 376 306 411 382 548
Total Revenue		 927 1,143 1,103 1,136 1,327 1,448 1,300 1,446 1,610 1,632 1,801
Net Interest Income / (Expense)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Interest Income		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Non-Interest Income		 927 1,143 1,103 1,136 1,327 1,448 1,300 1,446 1,610 1,632 1,801
Other Non-Interest Income		 - 1,143 1,103 1,136 1,327 1,448 1,300 1,446 1,610 1,632 1,801
Total Non-Interest Expense		 647 808 761 805 979 1,030 934 1,109 1,222 1,271 1,287
Salaries and Employee Benefits		 287 296 289 355 442 503 532 513 563 540 578
Net Occupancy & Equipment Expense		 54 59 61 75 98 104 120 121 129 132 138
Marketing Expense		 27 28 24 32 34 20 27 33 38 39 40
Other Operating Expenses		 279 425 387 344 404 403 255 442 491 558 531
Nonoperating Income / (Expense), net		 -4.54 5.25 10 -34 17 28 10 -31 24 20 34
Income Tax Expense		 103 119 57 74 88 110 104 72 107 113 133
Net Income / (Loss) Attributable to Noncontrolling Interest		 2.18 13 3.56 2.00 4.79 9.66 2.02 -4.93 5.80 0.12 11
Basic Earnings per Share		 $1.62 $2.03 $2.87 $2.18 $2.69 $3.25 $2.77 $2.65 $3.40 $3.23 $5.13
Weighted Average Basic Shares Outstanding		 100.48M 99.12M 97.41M 101.10M 101.20M 99.06M 92.02M 89.28M 84.45M 81.31M 75.97M
Diluted Earnings per Share		 $1.62 $2.03 $2.87 $2.18 $2.69 $3.23 $2.75 $2.65 $3.40 $3.23 $5.13
Weighted Average Diluted Shares Outstanding		 100.48M 99.12M 97.41M 101.10M 101.20M 99.06M 92.02M 89.28M 84.45M 81.31M 75.97M
Weighted Average Basic & Diluted Shares Outstanding		 100.48M 99.12M 97.41M 101.10M 101.20M 99.06M 92.02M 89.28M 84.45M 81.31M 75.97M
Cash Dividends to Common per Share		 $1.00 $2.00 $1.00 $1.06 $1.08 $2.08 $1.08 $1.08 $1.11 $2.21 $1.33

Quarterly Income Statements for Federated Hermes

This table shows Federated Hermes' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 75 82 75 21 88 85 101 91 104 107 96
Consolidated Net Income / (Loss)		 74 86 75 19 90 84 104 97 106 107 96
Net Income / (Loss) Continuing Operations		 74 86 75 19 90 84 104 97 106 107 96
Total Pre-Tax Income 		101 117 104 43 123 112 136 131 140 140 130
Total Revenue		 403 391 396 403 408 425 424 425 469 483 479
Net Interest Income / (Expense)		 0.00 - 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00
Total Interest Income		 0.00 - 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00
Total Interest Expense		 0.00 - 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00
Total Non-Interest Income		 403 391 396 403 408 425 424 425 469 483 479
Other Non-Interest Income		 - - 396 403 408 - 424 425 469 483 479
Total Non-Interest Expense		 301 289 298 362 297 314 292 308 340 347 353
Salaries and Employee Benefits		 139 128 137 131 136 137 143 145 145 145 154
Net Occupancy & Equipment Expense		 32 31 32 33 34 34 34 33 36 34 37
Marketing Expense		 7.89 14 7.58 10 9.60 12 8.13 10 9.93 12 7.95
Other Operating Expenses		 122 116 122 188 118 131 106 119 149 156 154
Nonoperating Income / (Expense), net		 -0.42 15 5.44 1.94 11 1.91 4.27 14 11 4.76 3.44
Income Tax Expense		 27 31 29 23 32 28 32 34 34 33 34
Net Income / (Loss) Attributable to Noncontrolling Interest		 -0.76 3.87 -0.02 -1.80 2.80 -0.86 2.74 5.69 1.97 0.39 -0.43
Basic Earnings per Share		 $0.86 $0.95 $0.89 $0.20 $1.06 $1.08 $1.25 $1.16 $1.34 $1.38 $1.27
Weighted Average Basic Shares Outstanding		 86.25M 84.45M 84.16M 82.60M 81.81M 81.31M 79.10M 77.56M 77.55M 75.97M 75.91M
Diluted Earnings per Share		 $0.86 $0.95 $0.89 $0.20 $1.06 $1.08 $1.25 $1.16 $1.34 $1.38 $1.27
Weighted Average Diluted Shares Outstanding		 86.25M 84.45M 84.16M 82.60M 81.81M 81.31M 79.10M 77.56M 77.55M 75.97M 75.91M
Weighted Average Basic & Diluted Shares Outstanding		 86.25M 84.45M 84.16M 82.60M 81.81M 81.31M 79.10M 77.56M 77.55M 75.97M 75.91M
Cash Dividends to Common per Share		 $0.28 $0.28 $0.28 $1.31 $0.31 $0.31 $0.31 $0.34 $0.34 $0.34 $0.34

Annual Cash Flow Statements for Federated Hermes

This table details how cash moves in and out of Federated Hermes' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 57 -68 211 -159 92 59 -71 103 46 121 77
Net Cash From Operating Activities		 233 266 387 206 335 373 170 324 312 347 297
Net Cash From Continuing Operating Activities		 233 266 387 206 335 373 170 324 312 347 297
Net Income / (Loss) Continuing Operations		 172 222 295 222 277 336 272 235 305 268 414
Consolidated Net Income / (Loss)		 172 222 295 222 277 336 272 235 305 268 414
Depreciation Expense		 9.54 9.58 11 17 28 30 30 28 27 22 22
Non-Cash Adjustments to Reconcile Net Income		 22 27 89 62 5.96 20 -120 57 -7.65 38 -136
Changes in Operating Assets and Liabilities, net		 15 -4.08 -15 -98 24 -12 -12 4.06 -12 18 -3.36
Net Cash From Investing Activities		 -5.73 -21 1.00 -174 -95 -25 11 -32 -31 64 2.01
Net Cash From Continuing Investing Activities		 -5.73 -21 1.00 -174 -95 -25 11 -32 -31 64 2.01
Purchase of Property, Leasehold Improvements and Equipment		 -6.03 -13 -9.80 -17 -15 -14 -10 -4.37 -7.92 -4.02 -2.76
Purchase of Investment Securities		 -5.46 -24 -10 -178 -161 -23 -15 -51 -58 -48 -31
Sale and/or Maturity of Investments		 5.76 16 21 20 81 11 36 23 35 120 42
Other Investing Activities, net		 - - 0.00 0.21 - - - 0.00 0.00 -4.10 -6.03
Net Cash From Financing Activities		 -170 -312 -177 -186 -153 -295 -249 -169 -243 -286 -238
Net Cash From Continuing Financing Activities		 -170 -312 -177 -186 -153 -295 -249 -169 -243 -286 -238
Repurchase of Common Equity		 -54 -82 -49 -29 -16 -67 -228 -218 -177 -138 -263
Payment of Dividends		 -105 -205 -102 -107 -113 -224 -111 -124 -138 -216 -140
Other Financing Activities, Net		 12 -1.06 -6.82 -16 11 21 -59 47 72 67 165
Effect of Exchange Rate Changes		 - 0.00 0.00 -5.11 4.51 5.84 -2.31 -20 7.87 -3.80 15
Cash Interest Paid		 3.99 3.49 4.11 5.32 4.61 2.39 1.13 7.18 12 12 12

Quarterly Cash Flow Statements for Federated Hermes

This table details how cash moves in and out of Federated Hermes' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 34 5.72 -23 -53 68 129 -120 -17 135 78 -70
Net Cash From Operating Activities		 106 130 14 89 117 127 14 19 103 161 29
Net Cash From Continuing Operating Activities		 106 130 14 89 117 127 14 19 103 161 29
Net Income / (Loss) Continuing Operations		 74 86 75 19 90 84 104 97 106 107 96
Consolidated Net Income / (Loss)		 74 86 75 19 90 84 104 97 106 107 96
Depreciation Expense		 6.09 6.02 5.63 5.53 5.71 5.56 5.42 5.64 5.63 5.57 5.25
Non-Cash Adjustments to Reconcile Net Income		 -4.55 4.14 13 53 -21 -6.52 -4.46 -75 -50 -6.59 17
Changes in Operating Assets and Liabilities, net		 30 33 -80 11 42 44 -91 -9.04 41 55 -89
Net Cash From Investing Activities		 1.32 -39 28 3.58 -8.31 41 -1.53 -16 5.45 14 1.16
Net Cash From Continuing Investing Activities		 1.32 -39 28 3.58 -8.31 41 -1.53 -16 5.45 14 1.16
Purchase of Property, Leasehold Improvements and Equipment		 -2.08 -2.11 -0.57 -5.98 3.03 -0.51 -0.97 -0.79 -1.43 0.43 -4.84
Purchase of Investment Securities		 -2.36 -44 -26 -2.89 -16 -2.46 -1.76 -14 -2.87 -13 -1.40
Sale and/or Maturity of Investments		 5.75 7.34 54 12 9.21 44 1.23 4.51 9.75 27 7.41
Other Investing Activities, net		 - - 0.00 - - - -0.03 -6.00 - - 0.00
Net Cash From Financing Activities		 -68 -91 -64 -145 -52 -26 -138 -32 30 -98 -97
Net Cash From Continuing Financing Activities		 -68 -91 -64 -145 -52 -26 -138 -32 30 -98 -97
Repurchase of Common Equity		 -64 -65 -39 -46 -29 -23 -120 -66 -0.02 -77 -65
Payment of Dividends		 -40 -32 -27 -115 -36 -38 -34 -40 -38 -28 -34
Other Financing Activities, Net		 35 5.09 2.64 16 13 35 16 74 68 7.07 1.48
Effect of Exchange Rate Changes		 -4.53 6.75 -1.41 0.08 10 -13 5.27 12 -3.07 0.80 -2.77

Annual Balance Sheets for Federated Hermes

This table presents Federated Hermes' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 1,187 1,155 1,231 1,544 1,880 2,061 2,018 2,020 2,102 2,085 2,229
Cash and Due from Banks		 173 105 316 157 249 302 233 337 383 504 583
Trading Account Securities		 149 138 - - - - - 185 177 137 142
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Premises and Equipment, Net		 36 39 38 53 52 53 47 36 31 26 25
Goodwill		 659 659 660 810 775 800 799 800 807 805 852
Intangible Assets		 75 74 77 340 446 482 471 409 409 328 332
Other Assets		 96 140 141 184 358 424 468 253 294 285 297
Total Liabilities & Shareholders' Equity		 1,187 1,155 1,231 1,544 1,880 2,061 2,018 2,020 2,102 2,085 2,229
Total Liabilities		 529 528 440 504 627 687 841 913 948 934 966
Accrued Interest Payable		 - - - - - - - - - - 1.06
Other Short-Term Payables		 134 137 129 181 231 265 271 257 287 289 313
Long-Term Debt		 191 166 - - - - 223 348 348 348 348
Other Long-Term Liabilities		 179 200 141 188 296 346 347 308 313 297 303
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Redeemable Noncontrolling Interest		 8.73 31 30 183 212 237 63 62 26 56 67
Total Equity & Noncontrolling Interests		 649 596 761 857 1,041 1,137 1,114 1,046 1,128 1,095 1,197
Total Preferred & Common Equity		 648 595 761 857 1,041 1,137 1,114 1,046 1,128 1,095 1,197
Total Common Equity		 658 596 761 857 1,041 1,137 1,114 1,046 1,128 1,095 1,197
Common Stock		 299 321 343 367 392 419 449 441 475 504 533
Retained Earnings		 546 530 697 792 930 1,028 1,187 1,016 1,195 1,257 1,531
Treasury Stock		 -192 -255 -279 -287 -281 -325 -538 -365 -521 -633 -873
Accumulated Other Comprehensive Income / (Loss)		 4.61 0.52 -0.79 -15 -0.25 15 16 -46 -20 -32 6.48

Quarterly Balance Sheets for Federated Hermes

This table presents Federated Hermes' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets		 1,973 1,999 2,060 2,080 2,087 1,912 2,038 2,002 2,152 2,182 2,144
Cash and Due from Banks		 305 324 343 377 360 307 375 388 371 506 514
Trading Account Securities		 33 - 178 177 199 145 190 154 236 141 132
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Premises and Equipment, Net		 38 33 31 31 29 32 28 24 23 27 28
Goodwill		 775 803 807 802 806 806 814 809 865 861 849
Intangible Assets		 407 411 415 402 404 336 343 330 342 335 325
Other Assets		 416 429 286 291 290 285 289 297 314 311 296
Total Liabilities & Shareholders' Equity		 1,973 1,999 2,060 2,080 2,087 1,912 2,038 2,002 2,152 2,182 2,144
Total Liabilities		 947 853 868 910 866 864 901 859 874 931 881
Accrued Interest Payable		 - 22 - - 24 - - 30 - - 29
Other Short-Term Payables		 239 190 234 256 189 223 263 193 226 256 212
Long-Term Debt		 398 348 348 348 348 348 348 348 348 348 348
Other Long-Term Liabilities		 310 293 286 306 306 293 289 288 301 327 292
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Redeemable Noncontrolling Interest		 55 40 58 71 73 30 53 67 163 64 59
Total Equity & Noncontrolling Interests		 971 1,107 1,134 1,100 1,147 1,017 1,084 1,076 1,114 1,187 1,204
Total Preferred & Common Equity		 971 1,107 1,134 1,100 1,147 1,017 1,084 1,076 1,114 1,187 1,204
Total Common Equity		 971 1,107 1,134 1,100 1,147 1,017 1,084 1,076 1,114 1,187 1,204
Common Stock		 434 452 461 468 485 491 498 515 521 527 545
Retained Earnings		 1,002 1,051 1,098 1,148 1,235 1,146 1,208 1,320 1,384 1,462 1,591
Treasury Stock		 -377 -360 -404 -473 -548 -596 -623 -742 -807 -807 -930
Accumulated Other Comprehensive Income / (Loss)		 -87 -36 -22 -43 -25 -25 0.89 -17 16 5.41 -2.42

Annual Metrics And Ratios for Federated Hermes

This table displays calculated financial ratios and metrics derived from Federated Hermes' official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding		 - - - - - - - - - - 77,546,867.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 77,546,867.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - 5.34
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 7.84% 23.39% -3.54% 2.97% 16.84% 9.15% -10.21% 11.18% 11.33% 1.40% 10.33%
EBITDA Growth		 16.33% 17.50% 0.82% -2.73% 7.31% 19.19% -11.56% -7.92% 13.57% -7.36% 39.66%
EBIT Growth		 17.44% 20.12% 1.74% -3.29% 5.34% 20.18% -12.41% -8.05% 15.07% -6.73% 42.17%
NOPAT Growth		 17.38% 24.75% 31.18% -13.36% 6.48% 19.33% -15.85% -2.67% 11.31% -11.46% 52.85%
Net Income Growth		 14.79% 28.80% 33.13% -24.62% 24.66% 21.25% -18.96% -13.86% 29.94% -11.93% 54.27%
EPS Growth		 14.08% 25.31% 41.38% -24.04% 23.39% 20.07% -14.86% -3.64% 28.30% -5.00% 58.82%
Operating Cash Flow Growth		 21.15% 13.93% 45.81% -46.75% 62.37% 11.44% -54.35% 90.13% -3.74% 11.14% -14.20%
Free Cash Flow Firm Growth		 2.98% 75.78% -47.79% -75.80% 146.04% 157.39% 42.89% -35.10% 18.11% 7.10% 7.09%
Invested Capital Growth		 2.20% -6.41% 17.47% 22.18% 15.22% 7.07% -3.34% 3.89% 3.22% -0.21% 7.54%
Revenue Q/Q Growth		 2.86% 4.22% -1.04% 2.61% 3.98% 0.41% -3.15% 3.75% 1.11% 2.08% 3.34%
EBITDA Q/Q Growth		 4.97% 2.23% 1.36% -0.06% 4.18% 2.43% -6.23% -6.49% 10.08% 1.96% 4.92%
EBIT Q/Q Growth		 5.77% 2.42% 1.79% -0.86% 4.45% 2.95% -6.67% -6.87% 11.13% 2.22% 5.15%
NOPAT Q/Q Growth		 5.77% 3.77% 33.38% -21.80% 4.78% 3.85% -7.57% -5.62% 8.43% 2.72% 5.79%
Net Income Q/Q Growth		 5.89% 3.78% 33.95% -24.04% 9.25% 5.06% -10.01% -3.84% 8.71% -0.81% 6.04%
EPS Q/Q Growth		 5.19% 4.64% 35.38% -23.78% 8.03% 4.53% -8.03% -3.28% 10.75% 4.19% 6.21%
Operating Cash Flow Q/Q Growth		 0.07% 3.58% 34.73% -25.99% 1.52% 1.96% -26.16% 24.14% -0.88% -0.84% 13.13%
Free Cash Flow Firm Q/Q Growth		 -28.68% 60.34% -46.03% 750.18% -47.40% 86.80% -17.54% -4.17% 41.43% -8.41% 8.85%
Invested Capital Q/Q Growth		 0.60% -9.91% 12.08% -0.46% 6.57% -0.47% 2.80% 2.22% -1.09% 0.93% 0.80%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 32.81% 31.24% 32.66% 30.85% 28.33% 30.94% 30.47% 25.24% 25.74% 23.52% 29.77%
EBIT Margin		 30.16% 29.36% 30.96% 29.08% 26.22% 28.87% 28.17% 23.29% 24.08% 22.15% 28.54%
Profit (Net Income) Margin		 18.56% 19.37% 26.74% 19.57% 20.89% 23.20% 20.94% 16.22% 18.94% 16.45% 23.00%
Tax Burden Percent		 62.56% 64.97% 83.78% 75.06% 75.87% 75.33% 72.37% 76.60% 74.10% 70.34% 75.63%
Interest Burden Percent		 98.38% 101.56% 103.07% 89.67% 104.99% 106.67% 102.74% 90.92% 106.14% 105.57% 106.55%
Effective Tax Rate		 37.44% 35.03% 16.22% 24.94% 24.13% 24.67% 27.63% 23.40% 25.90% 29.66% 24.37%
Return on Invested Capital (ROIC)		 20.21% 25.77% 32.15% 23.21% 20.88% 22.48% 18.60% 18.07% 19.42% 16.95% 24.99%
ROIC Less NNEP Spread (ROIC-NNEP)		 18.97% 27.44% 37.02% 6.43% 32.08% 46.51% 23.46% 9.86% 24.49% 21.02% 32.30%
Return on Net Nonoperating Assets (RNNOA)		 6.85% 8.71% 9.43% 1.07% 3.29% 3.10% 2.74% 2.47% 7.53% 6.35% 9.32%
Return on Equity (ROE)		 27.06% 34.48% 41.58% 24.28% 24.17% 25.58% 21.35% 20.53% 26.95% 23.29% 34.31%
Cash Return on Invested Capital (CROIC)		 18.03% 32.39% 16.08% 3.24% 6.74% 15.66% 22.00% 14.25% 16.25% 17.15% 17.72%
Operating Return on Assets (OROA)		 24.01% 28.66% 28.62% 23.80% 20.32% 21.22% 17.96% 16.68% 18.80% 17.27% 23.82%
Return on Assets (ROA)		 14.78% 18.91% 24.71% 16.02% 16.19% 17.05% 13.35% 11.62% 14.79% 12.82% 19.20%
Return on Common Equity (ROCE)		 27.06% 33.65% 39.78% 21.46% 20.01% 21.21% 18.84% 19.41% 25.91% 22.47% 32.57%
Return on Equity Simple (ROE_SIMPLE)		 26.55% 37.24% 38.74% 25.94% 26.61% 29.55% 24.44% 22.43% 27.01% 24.51% 34.60%
Net Operating Profit after Tax (NOPAT)		 175 218 286 248 264 315 265 258 287 254 389
NOPAT Margin		 18.87% 19.08% 25.94% 21.83% 19.89% 21.75% 20.38% 17.84% 17.84% 15.58% 21.58%
Net Nonoperating Expense Percent (NNEP)		 1.24% -1.67% -4.87% 16.79% -11.20% -24.03% -4.86% 8.20% -5.07% -4.07% -7.31%
SG&A Expenses to Revenue		 39.78% 33.49% 33.93% 40.60% 43.30% 43.33% 52.25% 46.15% 45.42% 43.65% 41.98%
Operating Expenses to Revenue		 69.84% 70.64% 69.04% 70.92% 73.78% 71.13% 71.83% 76.71% 75.92% 77.85% 71.46%
Earnings before Interest and Taxes (EBIT)		 279 336 342 330 348 418 366 337 388 361 514
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 304 357 360 350 376 448 396 365 414 384 536
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 2.96 3.42 3.50 2.37 2.50 2.16 2.89 2.79 2.41 3.05 3.35
Price to Tangible Book Value (P/TBV)		 0.00 0.00 109.56 0.00 0.00 0.00 0.00 0.00 0.00 0.00 300.81
Price to Revenue (P/Rev)		 2.11 1.78 2.41 1.79 1.96 1.70 2.48 2.01 1.69 2.04 2.23
Price to Earnings (P/E)		 11.49 9.76 9.14 9.23 9.54 7.53 11.93 12.16 9.08 12.44 9.95
Dividend Yield		 5.34% 5.01% 3.79% 5.24% 4.20% 7.32% 3.24% 3.30% 3.53% 5.42% 2.57%
Earnings Yield		 8.70% 10.24% 10.94% 10.84% 10.48% 13.29% 8.38% 8.22% 11.01% 8.04% 10.05%
Enterprise Value to Invested Capital (EV/IC)		 2.29 2.64 2.65 1.87 1.97 1.70 2.34 2.05 1.80 2.16 2.38
Enterprise Value to Revenue (EV/Rev)		 2.16 1.89 2.31 1.93 2.01 1.70 2.52 2.06 1.68 1.98 2.13
Enterprise Value to EBITDA (EV/EBITDA)		 6.59 6.04 7.07 6.26 7.08 5.50 8.27 8.18 6.53 8.43 7.17
Enterprise Value to EBIT (EV/EBIT)		 7.17 6.43 7.46 6.64 7.65 5.90 8.95 8.86 6.98 8.95 7.48
Enterprise Value to NOPAT (EV/NOPAT)		 11.46 9.89 8.90 8.85 10.09 7.83 12.36 11.57 9.42 12.73 9.89
Enterprise Value to Operating Cash Flow (EV/OCF)		 8.59 8.12 6.57 10.63 7.95 6.61 19.23 9.22 8.68 9.34 12.93
Enterprise Value to Free Cash Flow (EV/FCFF)		 12.85 7.87 17.79 63.32 31.23 11.24 10.45 14.67 11.26 12.57 13.95
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.33 0.31 0.21 0.13 0.08 0.05 0.19 0.31 0.30 0.30 0.28
Long-Term Debt to Equity		 0.29 0.26 0.00 0.00 0.00 0.00 0.19 0.31 0.30 0.30 0.28
Financial Leverage		 0.36 0.32 0.25 0.17 0.10 0.07 0.12 0.25 0.31 0.30 0.29
Leverage Ratio		 1.83 1.82 1.68 1.52 1.49 1.50 1.60 1.77 1.82 1.82 1.79
Compound Leverage Factor		 1.80 1.85 1.73 1.36 1.57 1.60 1.64 1.61 1.93 1.92 1.90
Debt to Total Capital		 24.79% 23.37% 17.68% 11.49% 7.39% 5.18% 15.95% 23.89% 23.16% 23.23% 21.61%
Short-Term Debt to Total Capital		 2.92% 3.12% 17.68% 11.49% 7.39% 5.18% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 21.87% 20.25% 0.00% 0.00% 0.00% 0.00% 15.95% 23.89% 23.16% 23.23% 21.61%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 1.00% 3.95% 3.14% 15.54% 15.67% 16.36% 4.51% 4.25% 1.72% 3.70% 4.13%
Common Equity to Total Capital		 75.27% 72.81% 79.18% 72.97% 76.94% 78.47% 79.54% 71.86% 75.12% 73.07% 74.26%
Debt to EBITDA		 0.71 0.54 0.47 0.39 0.27 0.17 0.56 0.95 0.84 0.91 0.65
Net Debt to EBITDA		 0.15 0.24 -0.41 -0.06 -0.40 -0.51 -0.03 0.03 -0.09 -0.41 -0.44
Long-Term Debt to EBITDA		 0.63 0.46 0.00 0.00 0.00 0.00 0.56 0.95 0.84 0.91 0.65
Debt to NOPAT		 1.24 0.88 0.59 0.54 0.38 0.24 0.84 1.35 1.21 1.37 0.90
Net Debt to NOPAT		 0.25 0.40 -0.51 -0.09 -0.57 -0.72 -0.04 0.04 -0.12 -0.61 -0.60
Long-Term Debt to NOPAT		 1.09 0.76 0.00 0.00 0.00 0.00 0.84 1.35 1.21 1.37 0.90
Noncontrolling Interest Sharing Ratio		 0.00% 2.40% 4.33% 11.62% 17.21% 17.09% 11.77% 5.47% 3.88% 3.53% 5.06%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 156 274 143 35 85 219 313 203 240 257 276
Operating Cash Flow to CapEx		 3,869.63% 2,069.25% 3,953.21% 1,194.18% 2,226.25% 2,764.75% 1,635.00% 7,409.61% 3,939.75% 8,612.18% 10,765.57%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.80 0.98 0.92 0.82 0.78 0.74 0.64 0.72 0.78 0.78 0.83
Fixed Asset Turnover		 24.92 30.48 28.67 24.99 25.29 27.76 26.12 34.96 48.44 58.00 71.45
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 874 818 961 1,175 1,353 1,449 1,401 1,455 1,502 1,499 1,612
Invested Capital Turnover		 1.07 1.35 1.24 1.06 1.05 1.03 0.91 1.01 1.09 1.09 1.16
Increase / (Decrease) in Invested Capital		 19 -56 143 213 179 96 -48 55 47 -3.11 113
Enterprise Value (EV)		 2,004 2,158 2,546 2,193 2,662 2,466 3,277 2,985 2,706 3,236 3,844
Market Capitalization		 1,951 2,039 2,662 2,033 2,599 2,456 3,224 2,913 2,715 3,337 4,012
Book Value per Share		 $6.32 $5.83 $7.54 $8.53 $10.30 $11.44 $11.50 $11.75 $13.08 $13.39 $15.44
Tangible Book Value per Share		 ($0.73) ($1.34) $0.24 ($2.91) ($1.77) ($1.46) ($1.61) ($1.84) ($1.02) ($0.46) $0.17
Total Capital		 874 818 961 1,175 1,353 1,449 1,401 1,455 1,502 1,499 1,612
Total Debt		 217 191 170 135 100 75 223 348 348 348 348
Total Long-Term Debt		 191 166 0.00 0.00 0.00 0.00 223 348 348 348 348
Net Debt		 44 86 -146 -22 -149 -227 -9.98 11 -35 -156 -234
Capital Expenditures (CapEx)		 6.03 13 9.80 17 15 14 10 4.37 7.92 4.02 2.76
Net Nonoperating Expense (NNE)		 2.84 -3.41 -8.79 26 -13 -21 -7.25 23 -18 -14 -25
Net Nonoperating Obligations (NNO)		 217 191 170 135 100 75 223 348 348 348 348
Total Depreciation and Amortization (D&A)		 25 22 19 20 28 30 30 28 27 22 22
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $1.62 $2.03 $2.87 $2.18 $2.69 $3.25 $2.77 $2.65 $3.40 $3.23 $5.13
Adjusted Weighted Average Basic Shares Outstanding		 103.86M 101.71M 100.99M 100.80M 101.13M 99.06M 92.02M 89.28M 84.45M 81.31M 75.97M
Adjusted Diluted Earnings per Share		 $1.62 $2.03 $2.87 $2.18 $2.69 $3.23 $2.75 $2.65 $3.40 $3.23 $5.13
Adjusted Weighted Average Diluted Shares Outstanding		 103.86M 101.71M 100.99M 100.80M 101.13M 99.06M 92.02M 89.28M 84.45M 81.31M 75.97M
Adjusted Basic & Diluted Earnings per Share		 $1.62 $2.03 $2.87 $2.18 $2.69 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 103.86M 101.71M 100.99M 100.80M 101.13M 99.06M 92.02M 89.28M 84.45M 81.31M 75.97M
Normalized Net Operating Profit after Tax (NOPAT)		 175 218 286 248 264 315 265 258 287 254 389
Normalized NOPAT Margin		 18.87% 19.08% 25.94% 21.83% 19.89% 21.75% 20.38% 17.84% 17.84% 15.58% 21.58%
Pre Tax Income Margin		 29.67% 29.82% 31.92% 26.08% 27.53% 30.80% 28.94% 21.18% 25.56% 23.38% 30.41%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 60.84% 92.76% 34.42% 48.11% 40.68% 66.66% 40.65% 52.82% 45.30% 80.49% 33.88%
Augmented Payout Ratio		 92.16% 129.67% 50.92% 61.26% 46.36% 86.52% 124.51% 145.82% 103.39% 131.76% 97.34%

Quarterly Metrics And Ratios for Federated Hermes

This table displays calculated financial ratios and metrics derived from Federated Hermes' official financial filings.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 - - - - - - - - - 77,546,867.00 75,974,666.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - 77,546,867.00 75,974,666.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - 1.39 1.26
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 5.64% 4.71% 3.71% -7.07% 1.44% 8.48% 6.85% 5.53% 14.93% 13.69% 13.08%
EBITDA Growth		 3.83% 53.73% 11.82% -55.99% 9.24% 6.81% 31.65% 165.34% 15.01% 21.70% -4.09%
EBIT Growth		 4.80% 60.90% 15.75% -58.62% 10.17% 7.66% 33.67% 187.56% 15.85% 22.77% -4.13%
NOPAT Growth		 1.73% 43.91% 8.01% -74.31% 10.41% 9.56% 41.54% 371.55% 18.87% 25.91% -7.17%
Net Income Growth		 9.90% 39.61% 4.96% -73.67% 21.65% -2.55% 38.48% 402.94% 17.44% 28.12% -7.63%
EPS Growth		 10.26% 53.23% 14.10% -75.31% 23.26% 13.68% 40.45% 480.00% 26.42% 27.78% 1.60%
Operating Cash Flow Growth		 -5.70% -2.10% 158.87% 24.64% 10.90% -2.26% 1.91% -78.81% -12.03% 27.23% 101.75%
Free Cash Flow Firm Growth		 -266.08% 1,365.92% -104.64% 437.92% 669.34% 201.31% 5,143.78% -188.22% -114.05% -110.79% -114.85%
Invested Capital Growth		 6.67% 3.22% 4.99% -9.36% -2.21% -0.21% -4.91% 16.47% 7.69% 7.54% 8.03%
Revenue Q/Q Growth		 -7.06% -2.77% 1.25% 1.57% 1.46% 3.97% -0.27% 0.31% 10.50% 2.85% -0.80%
EBITDA Q/Q Growth		 2.31% 1.00% -4.04% -55.62% 153.95% -1.25% 18.28% -10.55% 10.07% 4.49% -6.78%
EBIT Q/Q Growth		 3.08% 1.13% -3.89% -58.70% 174.44% -1.18% 19.33% -11.15% 10.56% 4.73% -6.82%
NOPAT Q/Q Growth		 4.39% 0.89% -5.51% -74.19% 348.68% 0.11% 22.06% -14.00% 13.10% 6.05% -10.01%
Net Income Q/Q Growth		 1.73% 15.86% -12.83% -74.37% 369.91% -7.18% 23.88% -6.92% 9.73% 1.26% -10.69%
EPS Q/Q Growth		 6.17% 10.47% -6.32% -77.53% 430.00% 1.89% 15.74% -7.20% 15.52% 2.99% -7.97%
Operating Cash Flow Q/Q Growth		 48.48% 22.72% -89.18% 531.99% 32.11% 8.15% -88.71% 31.39% 448.57% 56.42% -82.10%
Free Cash Flow Firm Q/Q Growth		 57.68% 239.56% -112.40% 4,713.78% -28.70% -26.14% 107.58% -180.70% 88.65% 43.26% -185.68%
Invested Capital Q/Q Growth		 -1.37% -1.09% 4.43% -11.03% 6.41% 0.93% -0.49% 8.97% -1.61% 0.80% -0.04%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 26.70% 27.74% 26.29% 11.49% 28.76% 27.31% 32.39% 28.89% 28.78% 29.23% 27.47%
EBIT Margin		 25.19% 26.20% 24.87% 10.11% 27.36% 26.00% 31.11% 27.56% 27.58% 28.08% 26.38%
Profit (Net Income) Margin		 18.44% 21.98% 18.92% 4.78% 22.12% 19.75% 24.53% 22.76% 22.60% 22.25% 20.03%
Tax Burden Percent		 73.53% 73.35% 72.11% 45.07% 73.69% 74.65% 76.36% 73.91% 75.61% 76.56% 73.94%
Interest Burden Percent		 99.59% 114.37% 105.52% 104.76% 109.72% 101.73% 103.24% 111.74% 108.40% 103.51% 102.72%
Effective Tax Rate		 26.47% 26.65% 27.89% 54.93% 26.31% 25.35% 23.64% 26.09% 24.39% 23.44% 26.06%
Return on Invested Capital (ROIC)		 20.04% 20.92% 19.02% 4.95% 21.46% 21.11% 25.76% 22.68% 23.56% 24.89% 23.33%
ROIC Less NNEP Spread (ROIC-NNEP)		 19.96% 24.03% 20.15% 5.20% 23.76% 21.52% 26.70% 25.59% 25.92% 25.93% 24.06%
Return on Net Nonoperating Assets (RNNOA)		 6.77% 7.39% 5.92% 1.62% 7.17% 6.50% 7.86% 7.67% 7.56% 7.48% 6.97%
Return on Equity (ROE)		 26.82% 28.31% 24.94% 6.56% 28.63% 27.61% 33.63% 30.34% 31.12% 32.37% 30.30%
Cash Return on Invested Capital (CROIC)		 11.55% 16.25% 14.22% 26.13% 18.71% 17.15% 23.57% 8.07% 16.42% 17.72% 16.87%
Operating Return on Assets (OROA)		 19.79% 20.46% 19.77% 8.11% 21.24% 20.27% 25.25% 22.81% 22.77% 23.44% 23.62%
Return on Assets (ROA)		 14.49% 17.16% 15.04% 3.83% 17.18% 15.40% 19.90% 18.84% 18.66% 18.57% 17.94%
Return on Common Equity (ROCE)		 25.29% 27.21% 23.75% 6.30% 27.09% 26.64% 31.63% 27.82% 29.59% 30.73% 28.71%
Return on Equity Simple (ROE_SIMPLE)		 25.49% 0.00% 26.87% 25.03% 24.98% 0.00% 27.63% 33.64% 32.89% 0.00% 33.73%
Net Operating Profit after Tax (NOPAT)		 75 75 71 18 82 82 101 87 98 104 93
NOPAT Margin		 18.52% 19.22% 17.94% 4.56% 20.16% 19.41% 23.76% 20.37% 20.85% 21.50% 19.50%
Net Nonoperating Expense Percent (NNEP)		 0.08% -3.11% -1.13% -0.25% -2.30% -0.41% -0.94% -2.92% -2.36% -1.05% -0.73%
SG&A Expenses to Revenue		 44.42% 44.09% 44.38% 43.26% 43.86% 43.13% 43.82% 44.38% 40.61% 39.58% 41.46%
Operating Expenses to Revenue		 74.81% 73.80% 75.13% 89.89% 72.64% 74.00% 68.89% 72.44% 72.42% 71.92% 73.62%
Earnings before Interest and Taxes (EBIT)		 101 103 99 41 112 110 132 117 129 136 126
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 108 109 104 46 117 116 137 123 135 141 132
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 2.54 2.41 2.58 2.69 2.80 3.05 3.08 3.15 3.39 3.35 3.58
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 300.81 142.04
Price to Revenue (P/Rev)		 1.76 1.69 1.83 1.72 1.90 2.04 2.00 2.08 2.31 2.23 2.32
Price to Earnings (P/E)		 10.24 9.08 9.74 10.82 11.43 12.44 11.26 9.62 10.57 9.95 10.81
Dividend Yield		 3.47% 3.53% 3.26% 6.60% 5.93% 5.42% 5.49% 2.87% 2.50% 2.57% 2.40%
Earnings Yield		 9.76% 11.01% 10.27% 9.24% 8.75% 8.04% 8.88% 10.39% 9.46% 10.05% 9.25%
Enterprise Value to Invested Capital (EV/IC)		 1.87 1.80 1.93 2.01 2.06 2.16 2.24 2.24 2.46 2.38 2.61
Enterprise Value to Revenue (EV/Rev)		 1.78 1.68 1.86 1.76 1.92 1.98 2.01 2.17 2.26 2.13 2.26
Enterprise Value to EBITDA (EV/EBITDA)		 7.55 6.53 7.11 7.67 8.14 8.43 8.02 7.39 7.70 7.17 7.92
Enterprise Value to EBIT (EV/EBIT)		 8.15 6.98 7.55 8.19 8.66 8.95 8.47 7.74 8.05 7.48 8.26
Enterprise Value to NOPAT (EV/NOPAT)		 10.73 9.42 10.35 11.74 12.38 12.73 11.78 10.36 10.71 9.89 11.01
Enterprise Value to Operating Cash Flow (EV/OCF)		 9.03 8.68 9.44 8.32 8.77 9.34 9.64 13.17 14.96 12.93 13.47
Enterprise Value to Free Cash Flow (EV/FCFF)		 16.72 11.26 13.90 7.33 10.90 12.57 9.27 29.90 15.53 13.95 16.05
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.30 0.30 0.29 0.33 0.31 0.30 0.30 0.27 0.28 0.28 0.28
Long-Term Debt to Equity		 0.30 0.30 0.29 0.33 0.31 0.30 0.30 0.27 0.28 0.28 0.28
Financial Leverage		 0.34 0.31 0.29 0.31 0.30 0.30 0.29 0.30 0.29 0.29 0.29
Leverage Ratio		 1.85 1.82 1.73 1.77 1.78 1.82 1.73 1.75 1.77 1.79 1.72
Compound Leverage Factor		 1.84 2.08 1.82 1.86 1.96 1.85 1.79 1.95 1.92 1.85 1.77
Debt to Total Capital		 22.90% 23.16% 22.18% 24.94% 23.44% 23.23% 23.34% 21.43% 21.78% 21.61% 21.62%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 22.90% 23.16% 22.18% 24.94% 23.44% 23.23% 23.34% 21.43% 21.78% 21.61% 21.62%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 4.65% 1.72% 4.66% 2.19% 3.60% 3.70% 4.50% 10.03% 3.97% 4.13% 3.63%
Common Equity to Total Capital		 72.45% 75.12% 73.16% 72.88% 72.97% 73.07% 72.15% 68.55% 74.25% 74.26% 74.74%
Debt to EBITDA		 0.92 0.84 0.82 0.95 0.92 0.91 0.84 0.71 0.68 0.65 0.66
Net Debt to EBITDA		 -0.08 -0.09 -0.03 0.11 -0.07 -0.41 -0.09 -0.05 -0.31 -0.44 -0.31
Long-Term Debt to EBITDA		 0.92 0.84 0.82 0.95 0.92 0.91 0.84 0.71 0.68 0.65 0.66
Debt to NOPAT		 1.31 1.21 1.19 1.45 1.41 1.37 1.23 0.99 0.95 0.90 0.91
Net Debt to NOPAT		 -0.11 -0.12 -0.04 0.17 -0.11 -0.61 -0.14 -0.06 -0.43 -0.60 -0.43
Long-Term Debt to NOPAT		 1.31 1.21 1.19 1.45 1.41 1.37 1.23 0.99 0.95 0.90 0.91
Noncontrolling Interest Sharing Ratio		 5.70% 3.88% 4.76% 3.95% 5.38% 3.53% 5.94% 8.32% 4.90% 5.06% 5.22%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -20 28 -3.52 162 116 86 178 -143 -16 -9.23 -26
Operating Cash Flow to CapEx		 5,076.17% 6,137.88% 2,465.91% 1,483.34% 0.00% 25,089.11% 1,471.09% 2,390.20% 7,206.92% 0.00% 595.54%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.79 0.78 0.79 0.80 0.78 0.78 0.81 0.83 0.83 0.83 0.90
Fixed Asset Turnover		 45.92 48.44 53.13 50.07 54.24 58.00 62.49 60.49 63.37 71.45 70.49
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 1,518 1,502 1,568 1,395 1,485 1,499 1,492 1,625 1,599 1,612 1,611
Invested Capital Turnover		 1.08 1.09 1.06 1.09 1.06 1.09 1.08 1.11 1.13 1.16 1.20
Increase / (Decrease) in Invested Capital		 95 47 75 -144 -33 -3.11 -77 230 114 113 120
Enterprise Value (EV)		 2,841 2,706 3,026 2,812 3,064 3,236 3,343 3,646 3,933 3,844 4,202
Market Capitalization		 2,799 2,715 2,965 2,741 3,037 3,337 3,315 3,506 4,028 4,012 4,309
Book Value per Share		 $12.46 $13.08 $13.63 $12.08 $13.12 $13.39 $13.23 $14.08 $15.31 $15.44 $15.85
Tangible Book Value per Share		 ($1.17) ($1.02) ($0.74) ($1.48) ($0.88) ($0.46) ($0.77) ($1.17) ($0.11) $0.17 $0.40
Total Capital		 1,518 1,502 1,568 1,395 1,485 1,499 1,492 1,625 1,599 1,612 1,611
Total Debt		 348 348 348 348 348 348 348 348 348 348 348
Total Long-Term Debt		 348 348 348 348 348 348 348 348 348 348 348
Net Debt		 -29 -35 -12 41 -27 -156 -39 -23 -158 -234 -165
Capital Expenditures (CapEx)		 2.08 2.11 0.57 5.98 -3.03 0.51 0.97 0.79 1.43 -0.43 4.84
Net Nonoperating Expense (NNE)		 0.31 -11 -3.92 -0.87 -8.00 -1.42 -3.26 -10 -8.22 -3.64 -2.54
Net Nonoperating Obligations (NNO)		 348 348 348 348 348 348 348 348 348 348 348
Total Depreciation and Amortization (D&A)		 6.09 6.02 5.63 5.53 5.71 5.56 5.42 5.64 5.63 5.57 5.25
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.86 $0.95 $0.89 $0.20 $1.06 $1.08 $1.25 $1.16 $1.34 $1.38 $1.27
Adjusted Weighted Average Basic Shares Outstanding		 86.25M 84.45M 84.16M 82.60M 81.81M 81.31M 79.10M 77.56M 77.55M 75.97M 75.91M
Adjusted Diluted Earnings per Share		 $0.86 $0.95 $0.89 $0.20 $1.06 $1.08 $1.25 $1.16 $1.34 $1.38 $1.27
Adjusted Weighted Average Diluted Shares Outstanding		 86.25M 84.45M 84.16M 82.60M 81.81M 81.31M 79.10M 77.56M 77.55M 75.97M 75.91M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 86.25M 84.45M 84.16M 82.60M 81.81M 81.31M 79.10M 77.56M 77.55M 75.97M 75.91M
Normalized Net Operating Profit after Tax (NOPAT)		 75 75 71 29 82 82 101 87 98 104 93
Normalized NOPAT Margin		 18.52% 19.22% 17.94% 7.08% 20.16% 19.41% 23.76% 20.37% 20.85% 21.50% 19.50%
Pre Tax Income Margin		 25.08% 29.96% 26.24% 10.60% 30.02% 26.45% 32.12% 30.79% 29.89% 29.06% 27.09%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 47.96% 45.30% 44.70% 83.67% 77.42% 80.49% 74.87% 39.56% 38.39% 33.88% 34.62%
Augmented Payout Ratio		 90.39% 103.39% 112.66% 167.90% 143.65% 131.76% 148.44% 103.07% 91.94% 97.34% 85.68%

Financials Breakdown Chart

Key Financial Trends

Federated Hermes (FHI) has continued to strengthen profitability and cash generation in 2025, led by higher non-interest income and improving net income per share. The company also continued returning capital to shareholders via increased dividends and stock repurchases. The bullets below capture the most important quarterly trends from the last four years of statements.

  • Total revenue for Q4 2025 was 482.8 million, up about 13.7% from 424.7 million in Q4 2024, driven by stronger non-interest income.
  • Net income attributable to common shareholders in Q4 2025 rose to 107.0 million, up roughly 30% from 82.2 million in Q4 2024.
  • Diluted earnings per share (EPS) in Q4 2025 were 1.38, up from 1.08 in Q4 2024, aided by higher profitability and a smaller share base.
  • Net cash from continuing operating activities in Q4 2025 was 161.2 million, about 27% higher year over year.
  • Net change in cash and cash equivalents for Q4 2025 was 77.6 million, up from 55.3 million in Q4 2024, signaling improved overall liquidity.
  • Cash dividends per share increased to 0.34 in Q4 2025 from 0.28 in Q4 2024, supporting enhanced shareholder returns.
  • Weighted-average basic shares outstanding declined to about 75.97 million in Q4 2025 from about 81.31 million in Q4 2024, consistent with active share repurchases boosting per-share results.
  • Total non-interest income rose to 482.8 million in Q4 2025, reinforcing the company’s diversified revenue profile beyond traditional interest income.
  • Total assets on the latest Q3 2025 balance sheet were about 2.182 billion, a modest decline versus the 2.243 billion level at 2024 year-end.
  • Total non-interest expense rose to 347.3 million in Q4 2025 from 314.3 million in Q4 2024, a rise in costs that the margin expansion helped offset.
05/05/26 10:58 PM ETAI Generated. May Contain Errors.

Frequently Asked Questions About Federated Hermes' Financials

When does Federated Hermes' financial year end?

According to the most recent income statement we have on file, Federated Hermes' fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

How has Federated Hermes' net income changed over the last 10 years?

Federated Hermes' net income appears to be on an upward trend, with a most recent value of $414.10 million in 2025, rising from $171.99 million in 2015. The previous period was $268.43 million in 2024. Find out what analysts predict for Federated Hermes in the coming months.

How has Federated Hermes' revenue changed over the last 10 years?

Over the last 10 years, Federated Hermes' total revenue changed from $926.61 million in 2015 to $1.80 billion in 2025, a change of 94.3%.

How much debt does Federated Hermes have?

Federated Hermes' total liabilities were at $965.86 million at the end of 2025, a 3.4% increase from 2024, and a 82.4% increase since 2015.

How much cash does Federated Hermes have?

In the past 10 years, Federated Hermes' cash and equivalents has ranged from $104.84 million in 2016 to $582.54 million in 2025, and is currently $582.54 million as of their latest financial filing in 2025.

How has Federated Hermes' book value per share changed over the last 10 years?

Over the last 10 years, Federated Hermes' book value per share changed from 6.32 in 2015 to 15.44 in 2025, a change of 144.2%.


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Financial statements for NYSE:FHI last updated on 5/3/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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