The financials
Federated Hermes, Inc. by the numbers
Federated Hermes, Inc. (FHI) reported revenue of $479M in Q1 2026 (quarter ended March 31, 2026), up 13% from the same quarter a year earlier. That came with net income of $96M (20% of revenue). For the full year FY2025, revenue was $1.80B (+10% year on year) and net income $403M. Its largest product in 2026-Q1 was Investment Advisory Management And Administrative Service at $252M, 53% of the disclosed total, just ahead of Administrative Service at 23%.
| Income statement | Q1 2026 | Q1 2025 | Change |
|---|---|---|---|
| Revenue | $479M | $424M | +13% |
| Operating income | $126M | $132M | −4.1% |
| Net income | $96M | $101M | −4.7% |
| Diluted EPS | $1.27 | $1.25 | +1.6% |
| Product | Revenue | Share |
|---|---|---|
| Investment Advisory Management And Administrative Service | $252M | 53% |
| Administrative Service | $110M | 23% |
| Separateaccounts | $67M | 14% |
| Financial Service Other | $45M | 9.4% |
| Other | $4.5M | 0.9% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q1 2026Total $479.0M (+2.0%)
Financial Service Other grew +45% year on yearSeparateaccounts +4.6% year on year
Segment Latestquarter on quarteryear on year
- Investment Advisory Management And Administrative Service$252.4M$252.4MQoQ +3.1%year on year +13%+3.1%+13%
- Administrative Service$110.3M$110.3MQoQ +2.8%year on year +9.1%+2.8%+9.1%
- Separateaccounts$67.0M$67.0MQoQ +2.1%year on year +4.6%+2.1%+4.6%
- Financial Service Other$44.8M$44.8MQoQ +8.4%year on year +45%+8.4%+45%
- Other$4.5M$4.5MQoQ -57%year on year +9.1%-57%+9.1%