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FHI · NYSE · Asset Management

Federated Hermes (FHI)

Builds investment-management capabilities around money markets, global active strategies, and responsible investing.

$57.84

vs last close+0.92 (+1.62%)

In millions of USD, except per-share figures

In millions	Q3 FY23Sep 2023	Q4 FY23Dec 2023	Q1 FY24Mar 2024	Q2 FY24Jun 2024	Q3 FY24Sep 2024	Q4 FY24Dec 2024	Q1 FY25Mar 2025	Q2 FY25Jun 2025	Q3 FY25Sep 2025	Q4 FY25Dec 2025	Q1 FY26Mar 2026	Q2 FY26Jun 2026
Revenue	403	391	396	403	408	425	424	425	469	487	481	504
Cost of revenue	139	128	137	131	136	137	143	145	145	133	136	138
Gross profit	264	264	260	272	272	288	280	280	325	354	345	366
	162	161	161	231	161	177	148	163	195	217	218	223
	143	148	149	153	155	160	156	158	175	140	136	143
Selling & marketing	94	101	99	100	101	106	104	106	119	7	4	7
General & administrative	49	48	50	53	53	54	53	52	56	133	132	136
Other expenses	19	13	12	78	6	17	−8	5	20	77	83	80
Operating income	101	103	99	41	112	110	132	117	129	137	127	143
	0	15	5	2	11	2	4	14	11	3	3	1
Interest income	0	0	0	0	0	0	0	0	0	7	6	4
Interest expense	3	3	3	3	3	3	3	3	3	3	3	3
Other non-operating income	−3	−18	−9	−5	−14	−5	−1	−17	−14	−7	−6	−4
Income before tax	101	117	104	43	123	112	136	131	140	140	130	144
Income tax expense	27	31	29	23	32	28	32	34	34	33	34	37
Net income from continuing operations	74	86	75	19	90	84	104	97	106	107	96	107
Other adjustments	0	0	0	0	0	0	0	0	0	1	0	0
Net income	75	82	75	21	88	85	101	91	104	108	96	104
EPS, basic	$0.86	$0.96	$0.89	$0.20	$1.06	$1.04	$1.25	$1.16	$1.34	$1.45	$1.27	$1.38
EPS, diluted	$0.86	$0.96	$0.89	$0.20	$1.06	$1.04	$1.25	$1.16	$1.34	$1.45	$1.27	$1.38
Weighted average shares, basic	84	82	81	80	79	78	78	76	76	74	73	72
Weighted average shares, diluted	84	82	81	80	79	78	78	76	76	74	73	72
EBITDA	110	126	113	51	131	121	138	140	149	149	138	155
Depreciation & amortization	6	6	6	6	6	6	5	6	6	6	5	8
EBIT	104	120	107	46	126	116	133	134	144	144	133	147