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Consolidated Statements of Income - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenue        
Total Revenue $ 326,589 $ 364,455 $ 978,802 $ 1,084,350
Operating Expenses        
Compensation and Related 131,996 126,186 408,385 365,104
Distribution 38,486 73,726 120,990 258,925
Systems and Communications 18,537 16,193 56,086 46,179
Professional Service Fees 14,294 14,006 44,052 41,162
Office and Occupancy 11,036 10,578 33,358 32,539
Advertising and Promotional 4,660 2,921 12,107 10,981
Travel and Related 1,643 542 2,838 4,026
Other 7,535 6,922 23,297 22,058
Total Operating Expenses 228,187 251,074 701,113 780,974
Operating Income 98,402 113,381 277,689 303,376
Nonoperating Income (Expenses)        
Investment Income, net 686 770 2,466 3,171
Gain (Loss) on Securities, net (644) 5,852 6,980 3,840
Debt Expense (476) (494) (1,313) (2,211)
Other, net (1,319) 103 (1,158) 8,426
Total Nonoperating Income (Expenses), net (1,753) 6,231 6,975 13,226
Income Before Income Taxes 96,649 119,612 284,664 316,602
Income Tax Provision 23,163 32,928 83,353 81,852
Net Income Including the Noncontrolling Interests in Subsidiaries 73,486 86,684 201,311 234,750
Less: Net Income (Loss) Attributable to the Noncontrolling Interests in Subsidiaries 2,124 862 (419) 3,554
Net Income $ 71,362 $ 85,822 $ 201,730 $ 231,196
Amounts Attributable to Federated Hermes, Inc.        
Earnings Per Common Share—Basic (usd per share) $ 0.73 $ 0.86 $ 2.05 $ 2.30
Earnings Per Common Share—Diluted (usd per share) 0.73 0.85 2.04 2.29
Cash Dividends Per Share (usd per share) $ 0.27 $ 0.27 $ 0.81 $ 0.81
Investment Advisory Fees, net—Affiliates        
Revenue        
Total Revenue $ 163,806 $ 202,978 $ 496,747 $ 573,242
Investment Advisory Fees, net—Other        
Revenue        
Total Revenue 66,404 57,111 195,441 172,633
Administrative Service Fees, net—Affiliates        
Revenue        
Total Revenue 76,853 83,028 228,904 238,960
Other Service Fees, net—Affiliates        
Revenue        
Total Revenue 15,377 17,952 46,439 87,765
Other Service Fees, net—Other        
Revenue        
Total Revenue $ 4,149 $ 3,386 $ 11,271 $ 11,750