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Revenue from Contracts with Customers (Tables)

12 Months Ended

Dec. 31, 2020

Revenue from Contract with Customer [Abstract]

Schedule of Disaggregation of Revenue

The following table presents Federated Hermes' revenue disaggregated by asset class:

(in thousands)			2020						2019						2018
Money Market			$	570,815					$	529,340					$	414,746
Equity			551,028						533,749						470,436
Fixed-Income			193,649						179,102						180,152
Other1			132,776						84,703						70,343
Total Revenue			$	1,448,268					$	1,326,894					$	1,135,677

1    Primarily includes Alternative / Private Markets (including but not limited to private equity, real estate and infrastructure), multi-asset and, beginning in the third quarter of 2018, stewardship services revenue.

The following table presents Federated Hermes' revenue disaggregated by performance obligation:

(in thousands)			2020						2019						2018
Asset Management1			$	1,011,467					$	907,605					$	773,418
Administrative Services			318,152						245,887						199,269
Distribution2			92,922						151,106						146,595
Other3			25,727						22,296						16,395
Total Revenue			$	1,448,268					$	1,326,894					$	1,135,677

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    Includes shareholder service fees and, beginning in the third quarter of 2018, stewardship services revenue.

The following table presents Federated Hermes' revenue disaggregated by product type:

(in thousands)			2020						2019						2018
Federated Hermes Funds			$	1,191,851					$	1,093,157					$	942,037
Separate Accounts			241,631						221,756						187,585
Other1			14,786						11,981						6,055
Total Revenue			$	1,448,268					$	1,326,894					$	1,135,677

1    Primarily includes stewardship services revenue beginning in the third quarter of 2018.

Schedule of Remaining Unsatisfied Performance Obligations

Based on existing contracts and the exchange rates as of December 31, 2020, Federated Hermes may recognize future fixed revenue from these services as presented in the following table:

(in thousands)
2021						$	9,059
2022						3,212
2023						1,883
2024 and Thereafter						1,059
Total Remaining Unsatisfied Performance Obligations						$	15,213

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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

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X

- 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

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