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Revenue from Contracts with Customers (Tables) | 3 Months Ended
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Mar. 31, 2020
Revenue from Contract with Customer [Abstract] |
Disaggregation of Revenue | The following table presents Federated Hermes' revenue disaggregated by asset class:
|  | Three Months Ended
|  | March 31,
(in thousands) |  | 2020 |  |  | 2019 |
Equity |  | $ | 137,290 |  |  | $ | 123,634 |
Money Market |  | 151,420 |  |  | 117,307 |
Fixed-Income |  | 46,607 |  |  | 43,677 |
Other1 |  | 23,866 |  |  | 22,432 |
Total Revenue |  | $ | 359,183 |  |  | $ | 307,050 |
1 | Primarily includes Alternative / Private Markets (including but not limited to private equity, real estate and infrastructure), Multi-Asset and stewardship services revenue.
The following table presents Federated Hermes' revenue disaggregated by performance obligation:
|  | Three Months Ended
|  | March 31,
(in thousands) |  | 2020 |  |  | 2019 |
Asset Management1 |  | $ | 240,660 |  |  | $ | 211,199 |
Administrative Services |  | 72,199 |  |  | 54,135 |
Distribution2 |  | 38,934 |  |  | 36,246 |
Other3 |  | 7,390 |  |  | 5,470 |
Total Revenue |  | $ | 359,183 |  |  | $ | 307,050 |
1 | The performance obligation may include administrative, distribution and other services recorded as a single asset management fee under Topic 606, as it is part of a unitary fee arrangement with a single performance obligation.
2 | The performance obligation is satisfied at a point in time. A portion of this revenue relates to a performance obligation that has been satisfied in a prior period.
3 | Primarily includes shareholder service fees and stewardship services revenue.
The following table presents Federated Hermes' revenue disaggregated by geographical market:
|  |  | Three Months Ended
|  |  | March 31,
(in thousands) |  |  | 2020 |  |  | 2019 |
Domestic |  |  | $ | 296,362 |  |  | $ | 252,390 |
Foreign1 |  |  | 62,821 |  |  | 54,660 |
Total Revenue |  |  | $ | 359,183 |  |  | $ | 307,050 |
1 | This represents revenue earned by non-U.S. domiciled subsidiaries.
The following table presents Federated Hermes' revenue disaggregated by product type:
|  |  | Three Months Ended
|  |  | March 31,
(in thousands) |  |  | 2020 |  |  | 2019 |
Federated Hermes Funds |  |  | $ | 296,885 |  |  | $ | 248,352 |
Separate Accounts |  |  | 57,421 |  |  | 55,592 |
Other1 |  |  | 4,877 |  |  | 3,106 |
Total Revenue |  |  | $ | 359,183 |  |  | $ | 307,050 |
1 | Primarily includes stewardship services revenue.
Future Fixed Revenue from Stewardship and Real Estate Development Services | Based on existing contracts and the exchange rates as of March 31, 2020, Federated Hermes may recognize future fixed revenue from these services as presented in the following table:
(in thousands) |  |
Remainder of 2020 |  | $ | 7,147 |
2021 |  | 3,695 |
2022 |  | 1,691 |
2023 and Thereafter |  | 1,292 |
Total Remaining Unsatisfied Performance Obligations |  | $ | 13,825 |

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- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=118956577&loc=SL49130545-203045 + Details
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- Definition Tabular disclosure of expected timing for satisfying remaining performance obligation. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (b)(1) -URI http://asc.fasb.org/extlink&oid=118956577&loc=SL49130556-203045 + Details
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