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Consolidated Statements of Income - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Revenue        
Total Revenue $ 311,040 $ 360,712 $ 652,213 $ 719,895
Operating Expenses        
Compensation and Related 132,769 123,583 276,389 238,918
Distribution 38,115 89,038 82,504 185,198
Systems and Communications 18,954 15,091 37,549 29,987
Professional Service Fees 15,122 13,888 29,759 27,156
Office and Occupancy 11,082 10,190 22,322 21,961
Advertising and Promotional 4,623 3,065 7,447 8,061
Travel and Related 898 325 1,195 3,484
Other 7,668 8,281 15,761 15,135
Total Operating Expenses 229,231 263,461 472,926 529,900
Operating Income 81,809 97,251 179,287 189,995
Nonoperating Income (Expenses)        
Investment Income, net 1,148 1,013 1,780 2,402
Gain (Loss) on Securities, net 6,245 13,828 7,624 (2,012)
Debt Expense (346) (785) (837) (1,717)
Other, net (184) (24) 161 8,322
Total Nonoperating Income (Expenses), net 6,863 14,032 8,728 6,995
Income Before Income Taxes 88,672 111,283 188,015 196,990
Income Tax Provision 35,193 26,482 60,190 48,924
Net Income Including the Noncontrolling Interests in Subsidiaries 53,479 84,801 127,825 148,066
Less: Net Income (Loss) Attributable to the Noncontrolling Interests in Subsidiaries (2,405) 3,605 (2,543) 2,692
Net Income $ 55,884 $ 81,196 $ 130,368 $ 145,374
Amounts Attributable to Federated Hermes, Inc.        
Earnings Per Common Share—Basic (usd per share) $ 0.57 $ 0.81 $ 1.32 $ 1.44
Earnings Per Common Share—Diluted (usd per share) 0.56 0.80 1.31 1.44
Cash Dividends Per Share (usd per share) $ 0.27 $ 0.27 $ 0.54 $ 0.54
Investment Advisory Fees, net—Affiliates        
Revenue        
Total Revenue $ 149,107 $ 187,026 $ 332,941 $ 370,265
Investment Advisory Fees, net—Other        
Revenue        
Total Revenue 65,182 58,100 129,037 115,522
Administrative Service Fees, net—Affiliates        
Revenue        
Total Revenue 77,750 83,733 152,051 155,932
Other Service Fees, net—Affiliates        
Revenue        
Total Revenue 15,192 28,366 31,062 69,812
Other Service Fees, net—Other        
Revenue        
Total Revenue $ 3,809 $ 3,487 $ 7,122 $ 8,364