Federated Hermes Inc
FHI
ISIN null / Valor 906938
Federated Hermes Inc
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About company
Federated Hermes Inc. (NYSE: FHI) is a prominent global asset management firm that provides a variety of investment solutions to both institutional and individual investors worldwide. The company specializes in multiple asset classes, including equities, fixed income, multi-asset strategies, and alternative investments, addressing the diverse and changing needs of its client base. Committed to long-term wealth creation, Federated Hermes employs disciplined investment approaches and leverages its specialized expertise to help clients achieve their financial goals effectively.
Summarized from source with an LLMView SourceSector: FinanceLatest Results (08.04.2026):
Federated Hermes, Inc. reported Q4 2025 and full‑year 2025 results: for the quarter ended Dec. 31, 2025, EPS was $1.39 (up from $1.04 a year ago) on net income of $107.0 million; full‑year 2025 EPS was $5.13 (vs. $3.23 in 2024) on net income of $403.3 million. The firm ended 2025 with record total assets under management of $902.6 billion and record money market AUM of $682.6 billion.
Earnings
Q4 2025 diluted EPS: $1.39, up 34% year‑over‑year; Q4 net income: $107.0M (Q4 2024: $84.7M). Full‑year 2025 diluted EPS: $5.13 (up 59% vs. 2024) on net income of $403.3M (2024: $268.3M). The 2024 results included a $66.3M non‑cash intangible impairment that impacted comparability.
Revenue and Operating Results
Q4 2025 revenue was $482.8M, +14% YoY; operating income $135.6M, +23% YoY. Full‑year revenue was $1.801B, +10% YoY, and full‑year operating income was $513.9M, +42% YoY.
Assets Under Management (AUM)
Total managed AUM reached a record $902.6B at Dec. 31, 2025 (up $73.0B or 9% vs. Dec. 31, 2024). Average managed assets for Q4 2025 were $873.7B, +9% YoY and +2% sequentially from Q3 2025.
Money Market Leadership
Money market AUM were a record $682.6B at year‑end (up $52.3B or 8% YoY). In Q4 2025, 52% of revenue was derived from money market assets (53% for full year 2025), driving much of the top‑line growth.
Asset Class & Product Flow Highlights
Equity AUM rose to $97.9B (+23% YoY); fixed‑income AUM was $100.1B; alternatives/private markets $19.1B. Top net‑selling equity funds in Q4 included MDT Mid Cap Growth, MDT Large Cap Growth, MDT US Equity, Asia ex‑Japan and MDT All Cap Core. Ultrashort and government ultrashort money market/fixed‑income funds were top fixed‑income sellers.
Capital Returns to Shareholders
The board declared a quarterly dividend of $0.34 per share (payable Feb. 13, 2026; record date Feb. 6, 2026). Federated Hermes repurchased 1,566,901 Class B shares in Q4 for $78.7M and bought 6,192,433 Class B shares in 2025 for $263.4M total.
Expenses and Drivers
Operating expenses increased (Q4 +11% YoY) driven primarily by higher distribution expenses (linked to larger money market assets) and higher incentive compensation. Nonoperating income benefited from an increase in the market value of investments in 2025 versus 2024.
Other Notable Items & Investor Info
The company noted a 2024 non‑cash intangible impairment when comparing results, a VAT refund that reduced other expense in 2025, and will host an earnings call Jan. 30, 2026 (replay available). Forward‑looking statements were subject to usual risk disclaimers in the press release.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
4111 M
Market cap (USD)
1,600,790
Daily traded volume (Shares)
41.21 / 40.65
1 day high/low (USD)
52 weeks high/low (USD)
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Ratings & reviews
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