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Consolidated Statements of Income - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenue        
Total Revenue $ 381,143 $ 326,589 $ 1,071,915 $ 978,802
Operating Expenses        
Compensation and Related 126,668 131,996 388,719 408,385
Distribution 91,032 38,486 223,837 120,990
Systems and Communications 19,294 18,537 57,234 56,086
Professional Service Fees 14,203 14,294 41,647 44,052
Office and Occupancy 10,622 11,036 32,457 33,358
Advertising and Promotional 6,496 4,660 13,965 12,107
Travel and Related 3,421 1,643 8,543 2,838
Other 12,627 7,535 32,466 23,297
Total Operating Expenses 284,363 228,187 798,868 701,113
Operating Income 96,780 98,402 273,047 277,689
Nonoperating Income (Expenses)        
Investment Income, net 2,599 686 5,270 2,466
Gain (Loss) on Securities, net (6,825) (644) (39,406) 6,980
Debt Expense (3,302) (476) (7,873) (1,313)
Other, net (38) (1,319) 31 (1,158)
Total Nonoperating Income (Expenses), net (7,566) (1,753) (41,978) 6,975
Income Before Income Taxes 89,214 96,649 231,069 284,664
Income Tax Provision 21,640 23,163 58,140 83,353
Net Income Including the Noncontrolling Interests in Subsidiaries 67,574 73,486 172,929 201,311
Less: Net Income (Loss) Attributable to the Noncontrolling Interests in Subsidiaries (1,905) 2,124 (10,070) (419)
Net Income $ 69,479 $ 71,362 $ 182,999 $ 201,730
Amounts Attributable to Federated Hermes, Inc.        
Earnings Per Common Share—Basic (usd per share) $ 0.78 $ 0.73 $ 2.02 $ 2.05
Earnings Per Common Share—Diluted (usd per share) 0.78 0.73 2.02 2.04
Cash Dividends Per Share (usd per share) $ 0.27 $ 0.27 $ 0.81 $ 0.81
Investment Advisory Fees, net—Affiliates        
Revenue        
Total Revenue $ 206,394 $ 163,806 $ 574,081 $ 496,747
Investment Advisory Fees, net—Other        
Revenue        
Total Revenue 57,250 66,404 180,600 195,441
Administrative Service Fees, net—Affiliates        
Revenue        
Total Revenue 75,021 76,853 218,710 228,904
Other Service Fees, net—Affiliates        
Revenue        
Total Revenue 38,265 15,377 85,120 46,439
Other Service Fees, net—Other        
Revenue        
Total Revenue $ 4,213 $ 4,149 $ 13,404 $ 11,271