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Revenue from Contracts with Customers (Tables) | 6 Months Ended
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Jun. 30, 2020
Revenue from Contract with Customer [Abstract] |
Disaggregation of Revenue | The following table presents Federated Hermes' revenue disaggregated by asset class:
| Three Months Ended |  | Six Months Ended
| June 30, |  | June 30,
(in thousands) | 2020 |  |  | 2019 |  |  | 2020 |  |  | 2019 |
Money Market | 157,430 |  |  | 123,136 |  |  | 308,850 |  |  | 240,443 |
Equity | $ | 123,328 |  |  | $ | 134,035 |  |  | $ | 260,618 |  |  | $ | 257,669 |
Fixed-Income | 43,691 |  |  | 44,782 |  |  | 90,297 |  |  | 88,459 |
Other1 | 36,263 |  |  | 19,526 |  |  | 60,130 |  |  | 41,958 |
Total Revenue | $ | 360,712 |  |  | $ | 321,479 |  |  | $ | 719,895 |  |  | $ | 628,529 |
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 |  | Six Months Ended
| June 30, |  | June 30,
(in thousands) | 2020 |  |  | 2019 |  |  | 2020 |  |  | 2019 |
Asset Management1 | $ | 245,126 |  |  | $ | 220,669 |  |  | $ | 485,787 |  |  | $ | 431,868 |
Administrative Services | 83,733 |  |  | 57,968 |  |  | 155,932 |  |  | 112,103 |
Distribution2 | 25,579 |  |  | 37,196 |  |  | 64,513 |  |  | 73,442 |
Other3 | 6,274 |  |  | 5,646 |  |  | 13,663 |  |  | 11,116 |
Total Revenue | $ | 360,712 |  |  | $ | 321,479 |  |  | $ | 719,895 |  |  | $ | 628,529 |
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 |  | Six Months Ended
| June 30, |  | June 30,
(in thousands) | 2020 |  |  | 2019 |  |  | 2020 |  |  | 2019 |
Domestic | $ | 292,784 |  |  | $ | 265,893 |  |  | $ | 589,147 |  |  | $ | 518,283 |
Foreign1 | 67,928 |  |  | 55,586 |  |  | 130,748 |  |  | 110,246 |
Total Revenue | $ | 360,712 |  |  | $ | 321,479 |  |  | $ | 719,895 |  |  | $ | 628,529 |
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 |  | Six Months Ended
| June 30, |  | June 30,
(in thousands) | 2020 |  |  | 2019 |  |  | 2020 |  |  | 2019 |
Federated Hermes Funds | $ | 299,125 |  |  | $ | 264,174 |  |  | $ | 596,009 |  |  | $ | 512,527 |
Separate Accounts | 58,100 |  |  | 54,368 |  |  | 115,522 |  |  | 109,959 |
Other1 | 3,487 |  |  | 2,937 |  |  | 8,364 |  |  | 6,043 |
Total Revenue | $ | 360,712 |  |  | $ | 321,479 |  |  | $ | 719,895 |  |  | $ | 628,529 |
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 June 30, 2020, Federated Hermes may recognize future fixed revenue from these services as presented in the following table:
(in thousands) |  |
Remainder of 2020 |  | $ | 5,657 |
2021 |  | 4,644 |
2022 |  | 2,120 |
2023 and Thereafter |  | 1,850 |
Total Remaining Unsatisfied Performance Obligations |  | $ | 14,271 |

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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=121604090&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=121604090&loc=SL49130556-203045 + Details
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