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Consolidated Statements of Income - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenue        
Total Revenue $ 366,008 $ 311,040 $ 690,772 $ 652,213
Operating Expenses        
Compensation and Related 128,086 132,769 262,051 276,389
Distribution 84,243 38,115 132,804 82,504
Systems and Communications 18,446 18,954 37,940 37,549
Professional Service Fees 13,976 15,122 27,444 29,759
Office and Occupancy 10,512 11,082 21,835 22,322
Advertising and Promotional 4,736 4,623 7,468 7,447
Travel and Related 3,328 898 5,123 1,195
Other 10,363 7,668 19,840 15,761
Total Operating Expenses 273,690 229,231 514,505 472,926
Operating Income 92,318 81,809 176,267 179,287
Nonoperating Income (Expenses)        
Investment Income, net 1,577 1,148 2,671 1,780
Gain (Loss) on Securities, net (20,885) 6,245 (32,580) 7,624
Debt Expense (3,350) (346) (4,571) (837)
Other, net (13) (184) 68 161
Total Nonoperating Income (Expenses), net (22,671) 6,863 (34,412) 8,728
Income Before Income Taxes 69,647 88,672 141,855 188,015
Income Tax Provision 18,889 35,193 36,500 60,190
Net Income Including the Noncontrolling Interests in Subsidiaries 50,758 53,479 105,355 127,825
Less: Net Income (Loss) Attributable to the Noncontrolling Interests in Subsidiaries (6,899) (2,405) (8,165) (2,543)
Net Income $ 57,657 $ 55,884 $ 113,520 $ 130,368
Amounts Attributable to Federated Hermes, Inc.        
Earnings Per Common Share—Basic (usd per share) $ 0.64 $ 0.57 $ 1.24 $ 1.32
Earnings Per Common Share—Diluted (usd per share) 0.64 0.56 1.24 1.31
Cash Dividends Per Share (usd per share) $ 0.27 $ 0.27 $ 0.54 $ 0.54
Investment Advisory Fees, net—Affiliates        
Revenue        
Total Revenue $ 197,466 $ 149,107 $ 367,687 $ 332,941
Investment Advisory Fees, net—Other        
Revenue        
Total Revenue 60,577 65,182 123,350 129,037
Administrative Service Fees, net—Affiliates        
Revenue        
Total Revenue 70,182 77,750 143,689 152,051
Other Service Fees, net—Affiliates        
Revenue        
Total Revenue 33,248 15,192 46,855 31,062
Other Service Fees, net—Other        
Revenue        
Total Revenue $ 4,535 $ 3,809 $ 9,191 $ 7,122