Federated Hermes Inc

Latest Results (10.08.2026):

Federated Hermes, Inc. — Q1 2026: The company reported Q1 2026 diluted EPS of $1.27 on net income of $96.4 million, while recording record total assets under management of $907.1 billion and record money market assets of $684.7 billion. Average managed assets for the quarter were $915.6 billion (up 9% YoY). The board raised the quarterly dividend to $0.38 per share (an 11.8% increase) and completed share repurchases of 1,191,300 Class B shares for $66.0 million.

Earnings

Diluted EPS: $1.27 in Q1 2026 vs. $1.25 in Q1 2025; net income $96.4M vs. $101.1M in Q1 2025 (prior-year quarter benefited from a $12.9M VAT refund adjustment).

Assets under Management (AUM)

Total managed assets were a record $907.1B at March 31, 2026 — up $67.3B (8%) YoY and up $4.5B QoQ. Average managed assets for Q1 2026 were $915.6B, up $72.4B (9%) YoY.

Money Market & Equity Highlights

Record money market assets: $684.7B (up $47.6B YoY). Record equity assets: $100.8B (up $19.9B or 25% YoY). Money market funds were $502.8B of the total money market assets.

Revenue & Expense Profile

Revenue rose 13% YoY to $479.0M (driven by higher average money market and equity assets). Operating expenses increased 21% YoY to $352.6M, reflecting higher distribution costs, VAT-related timing differences and higher incentive compensation; operating income was $126.3M.

Flows, Sales & Product Demand

Federated Hermes reported record gross sales and positive net flows in equities, strong demand for MDT separate-account strategies, and continued inflows into money market and ultrashort products. Total long-term net sales were positive (net long-term asset ending balance $222.4B).

Capital Return & Share Activity

Quarterly dividend increased to $0.38 per share (payable May 15, 2026; record date May 8, 2026), an 11.8% sequential boost. The company repurchased 1,191,300 Class B shares for approximately $66.0M during Q1 2026.

Financial mix & other metrics

Revenue mix for Q1 2026: 54% from money market assets, 45% from long-term assets (approximately 30% equity, 10% fixed-income, 5% alternatives/multi-asset) and 1% other. Fixed-income and alternative asset levels were roughly flat QoQ; average long-term assets rose YoY.