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Consolidated Statements of Income - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Revenue    
Total Revenue $ 324,764 $ 341,173
Operating Expenses    
Compensation and Related 133,965 143,620
Distribution 48,562 44,389
Systems and Communications 19,494 18,594
Professional Service Fees 13,468 14,636
Office and Occupancy 11,322 11,240
Advertising and Promotional 2,732 2,824
Travel and Related 1,795 296
Other 9,477 8,096
Total Operating Expenses 240,815 243,695
Operating Income 83,949 97,478
Nonoperating Income (Expenses)    
Investment Income, net 1,093 632
Gain (Loss) on Securities, net (11,695) 1,379
Debt Expense (1,222) (491)
Other, net 83 345
Total Nonoperating Income (Expenses), net (11,741) 1,865
Income Before Income Taxes 72,208 99,343
Income Tax Provision 17,611 24,997
Net Income Including the Noncontrolling Interests in Subsidiaries 54,597 74,346
Less: Net Income (Loss) Attributable to the Noncontrolling Interests in Subsidiaries (1,266) (138)
Net Income $ 55,863 $ 74,484
Amounts Attributable to Federated Hermes, Inc.    
Earnings Per Common Share—Basic (usd per share) $ 0.61 $ 0.75
Earnings Per Common Share—Diluted (usd per share) 0.61 0.75
Cash Dividends Per Share (usd per share) $ 0.27 $ 0.27
Investment Advisory Fees, net—Affiliates    
Revenue    
Total Revenue $ 170,221 $ 183,833
Investment Advisory Fees, net—Other    
Revenue    
Total Revenue 62,773 63,856
Administrative Service Fees, net—Affiliates    
Revenue    
Total Revenue 73,507 74,302
Other Service Fees, net—Affiliates    
Revenue    
Total Revenue 13,607 15,869
Other Service Fees, net—Other    
Revenue    
Total Revenue $ 4,656 $ 3,313