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Revenue from Contracts with Customers (Tables)

9 Months Ended

Sep. 30, 2022

Revenue from Contract with Customer [Abstract]

Schedule of Disaggregation of Revenue

The following table presents Federated Hermes’ revenue disaggregated by asset class:

			Three Months Ended												Nine Months Ended
			September 30,												September 30,
(in thousands)			2022						2021						2022						2021
Equity			$	127,183					$	172,349					$	406,642					$	510,302
Money market			170,542						55,726						402,639						185,704
Fixed-income			49,197						60,622						159,025						175,115
Other1			34,221						37,892						103,609						107,681
Total Revenue			$	381,143					$	326,589					$	1,071,915					$	978,802

1    Primarily includes Alternative / Private Markets (including but not limited to private equity, real estate and infrastructure), multi-asset and stewardship services revenue.

The following table presents Federated Hermes’ revenue disaggregated by performance obligation:

			Three Months Ended												Nine Months Ended
			September 30,												September 30,
(in thousands)			2022						2021						2022						2021
Asset Management1			$	263,644					$	230,210					$	754,681					$	692,188
Administrative Services			75,021						76,853						218,710						228,904
Distribution2			36,026						12,460						78,285						37,679
Other3			6,452						7,066						20,239						20,031
Total Revenue			$	381,143					$	326,589					$	1,071,915					$	978,802

1    The performance obligation may include administrative, distribution and other services recorded as a single asset management fee under Topic 606, as it is part of a unitary fee arrangement with a single performance obligation.

2    The performance obligation is satisfied at a point in time. A portion of this revenue relates to a performance obligation that has been satisfied in a prior period.

3    Primarily includes shareholder service fees and stewardship services revenue.

The following table presents Federated Hermes’ revenue disaggregated by geographical market:

			Three Months Ended												Nine Months Ended
			September 30,												September 30,
(in thousands)			2022						2021						2022						2021
Domestic			$	311,254					$	237,543					$	849,570					$	718,316
Foreign1			69,889						89,046						222,345						260,486
Total Revenue			$	381,143					$	326,589					$	1,071,915					$	978,802

1    This represents revenue earned by non-U.S. domiciled subsidiaries.

The following table presents Federated Hermes’ revenue disaggregated by product type:

			Three Months Ended												Nine Months Ended
			September 30,												September 30,
(in thousands)			2022						2021						2022						2021
Federated Hermes Funds			$	319,680					$	256,036					$	877,910					$	772,090
Separate Accounts			57,250						66,404						180,600						195,441
Other1			4,213						4,149						13,405						11,271
Total Revenue			$	381,143					$	326,589					$	1,071,915					$	978,802

1    Primarily includes stewardship services revenue.

Schedule of Remaining Unsatisfied Performance Obligations

Based on existing contracts and the applicable foreign exchange rates as of September 30, 2022, Federated Hermes may recognize future fixed revenue from these services as presented in the following table:

(in thousands)
Remainder of 2022						$	3,176
2023						6,778
2024						2,878
2025 and Thereafter						1,086
Total Remaining Unsatisfied Performance Obligations						$	13,918

X

- Definition

Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 5
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130545-203045

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X

- Definition

Tabular disclosure of expected timing for satisfying remaining performance obligation.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 13
-Subparagraph (b)(1)
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130556-203045

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