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Revenue from Contracts with Customers (Tables)

12 Months Ended

Dec. 31, 2022

Revenue from Contract with Customer [Abstract]

Schedule of Disaggregation of Revenue

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

(in thousands)			2022						2021						2020
Money market			575,261						239,318						570,815
Equity			526,957						677,917						551,028
Fixed-income			206,794						237,702						193,649
Other1			136,802						145,510						132,776
Total Revenue			$	1,445,814					$	1,300,447					$	1,448,268

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:

(in thousands)			2022						2021						2020
Asset Management1			$	1,011,631					$	915,984					$	1,011,467
Administrative Services			294,557						306,639						318,152
Distribution2			112,356						49,600						92,922
Other3			27,270						28,224						25,727
Total Revenue			$	1,445,814					$	1,300,447					$	1,448,268

1    The performance obligation can 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 product type:

(in thousands)			2022						2021						2020
Federated Hermes Funds			$	1,188,933					$	1,024,922					$	1,191,851
Separate Accounts			238,638						259,026						241,631
Other1			18,243						16,499						14,786
Total Revenue			$	1,445,814					$	1,300,447					$	1,448,268

1    Primarily includes stewardship services revenue.

Schedule of Remaining Unsatisfied Performance Obligations

Based on existing contracts and the applicable foreign exchange rates as of December 31, 2022, Federated Hermes may recognize future fixed revenue from these services as presented in the following table:

(in thousands)
2023						$	9,566
2024						3,258
2025						1,131
2026 and Thereafter						307
Total Remaining Unsatisfied Performance Obligations						$	14,262

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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