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Consolidated Statements of Income - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Revenue    
Total Revenue $ 341,173 $ 359,183
Operating Expenses    
Compensation and Related 143,620 115,335
Distribution 44,389 96,160
Systems and Communications 18,594 14,896
Professional Service Fees 14,636 13,268
Office and Occupancy 11,240 11,771
Advertising and Promotional 2,824 4,995
Travel and Related 296 3,159
Other 8,096 6,855
Total Operating Expenses 243,695 266,439
Operating Income 97,478 92,744
Nonoperating Income (Expenses)    
Investment Income, net 632 1,389
Gain (Loss) on Securities, net 1,379 (15,840)
Debt Expense (491) (931)
Other, net 345 8,345
Total Nonoperating Income (Expenses), net 1,865 (7,037)
Income Before Income Taxes 99,343 85,707
Income Tax Provision 24,997 22,442
Net Income Including the Noncontrolling Interests in Subsidiaries 74,346 63,265
Less: Net Income (Loss) Attributable to the Noncontrolling Interests in Subsidiaries (138) (913)
Net Income $ 74,484 $ 64,178
Amounts Attributable to Federated Hermes, Inc.    
Earnings Per Common Share—Basic (usd per share) $ 0.75 $ 0.63
Earnings Per Common Share—Diluted (usd per share) 0.75 0.63
Cash Dividends Per Share (usd per share) $ 0.27 $ 0.27
Investment Advisory Fees, net—Affiliates    
Revenue    
Total Revenue $ 183,833 $ 183,238
Investment Advisory Fees, net—Other    
Revenue    
Total Revenue 63,856 57,422
Administrative Service Fees, net—Affiliates    
Revenue    
Total Revenue 74,302 72,199
Other Service Fees, net—Affiliates    
Revenue    
Total Revenue 15,869 41,447
Other Service Fees, net—Other    
Revenue    
Total Revenue $ 3,313 $ 4,877