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Revenue from Contracts with Customers (Tables) | 9 Months Ended
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Sep. 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 |  | Nine Months Ended
| September 30, |  | September 30,
(in thousands) | 2020 |  | 2019 |  | 2020 |  | 2019
Money Market | $ | 143,391 |  |  | $ | 138,242 |  |  | $ | 452,240 |  |  | $ | 378,686 |
Equity | 138,590 |  |  | 136,655 |  |  | 399,208 |  |  | 394,324 |
Fixed-Income | 49,407 |  |  | 45,018 |  |  | 139,705 |  |  | 133,476 |
Other 1 | 33,067 |  |  | 20,425 |  |  | 93,197 |  |  | 62,383 |
Total Revenue | $ | 364,455 |  |  | $ | 340,340 |  |  | $ | 1,084,350 |  |  | $ | 968,869 |
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 |  | Nine Months Ended
| September 30, |  | September 30,
(in thousands) | 2020 |  | 2019 |  | 2020 |  | 2019
Asset Management 1 | $ | 260,089 |  |  | $ | 232,106 |  |  | $ | 745,875 |  |  | $ | 663,974 |
Administrative Services | 83,028 |  |  | 64,216 |  |  | 238,960 |  |  | 176,319 |
Distribution 2 | 15,273 |  |  | 38,501 |  |  | 79,786 |  |  | 111,942 |
Other 3 | 6,065 |  |  | 5,517 |  |  | 19,729 |  |  | 16,634 |
Total Revenue | $ | 364,455 |  |  | $ | 340,340 |  |  | $ | 1,084,350 |  |  | $ | 968,869 |
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 |  | Nine Months Ended
| September 30, |  | September 30,
(in thousands) | 2020 |  | 2019 |  | 2020 |  | 2019
Domestic | $ | 295,422 |  |  | $ | 282,777 |  |  | $ | 884,569 |  |  | $ | 801,060 |
Foreign 1 | 69,033 |  |  | 57,563 |  |  | 199,781 |  |  | 167,809 |
Total Revenue | $ | 364,455 |  |  | $ | 340,340 |  |  | $ | 1,084,350 |  |  | $ | 968,869 |
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 |  | Nine Months Ended
| September 30, |  | September 30,
(in thousands) | 2020 |  | 2019 |  | 2020 |  | 2019
Federated Hermes Funds | $ | 303,958 |  |  | $ | 280,970 |  |  | $ | 899,967 |  |  | $ | 793,496 |
Separate Accounts | 57,111 |  |  | 56,477 |  |  | 172,633 |  |  | 166,436 |
Other 1 | 3,386 |  |  | 2,893 |  |  | 11,750 |  |  | 8,937 |
Total Revenue | $ | 364,455 |  |  | $ | 340,340 |  |  | $ | 1,084,350 |  |  | $ | 968,869 |
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 September 30, 2020, Federated Hermes may recognize future fixed revenue from these services as presented in the following table:
(in thousands) |  |
Remainder of 2020 |  | $ | 3,038 |
2021 |  | 6,575 |
2022 |  | 2,621 |
2023 and Thereafter |  | 2,512 |
Total Remaining Unsatisfied Performance Obligations |  | $ | 14,746 |

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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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