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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Revenue      
Total Revenue $ 1,448,268 $ 1,326,894 $ 1,135,677
Operating Expenses      
Compensation and Related 503,400 442,147 354,765
Distribution 318,343 340,663 287,580
Systems and Communications 64,698 52,988 39,925
Professional Service Fees 55,123 43,714 42,903
Office and Occupancy 38,975 44,926 34,622
Advertising and Promotional 15,834 17,774 16,141
Travel and Related 4,566 16,645 15,594
Other 29,178 20,110 13,867
Total Operating Expenses 1,030,117 978,967 805,397
Operating Income 418,151 347,927 330,280
Nonoperating Income (Expenses)      
Investment Income, net 4,119 4,450 5,985
Gain (Loss) on Securities, net 18,067 4,966 (4,357)
Debt Expense (2,678) (5,037) (5,885)
Other, net 8,398 12,965 (29,849)
Total Nonoperating Income (Expenses), net 27,906 17,344 (34,106)
Income Before Income Taxes 446,057 365,271 296,174
Income Tax Provision 110,035 88,146 73,875
Net Income Including the Noncontrolling Interests in Subsidiaries 336,022 277,125 222,299
Less: Net Income (Loss) Attributable to the Noncontrolling Interests in Subsidiaries 9,658 4,786 2,002
Net Income $ 326,364 $ 272,339 $ 220,297
Amounts Attributable to Federated Hermes, Inc.      
Earning per common share - basic (usd per share) $ 3.25 $ 2.69 $ 2.18
Earnings per common share—diluted (usd per share) 3.23 2.69 2.18
Cash dividends per share (usd per share) $ 2.08 $ 1.08 $ 1.06
Investment Advisory Fees, net—Affiliates      
Revenue      
Total Revenue $ 769,836 $ 685,849 $ 585,832
Investment Advisory Fees, net—Other      
Revenue      
Total Revenue 241,631 221,756 187,586
Administrative Service Fees, net—Affiliates      
Revenue      
Total Revenue 318,152 245,887 199,269
Other Service Fees, net—Affiliates      
Revenue      
Total Revenue 103,862 161,421 156,935
Other Service Fees, net—Other      
Revenue      
Total Revenue $ 14,787 $ 11,981 $ 6,055