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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenue      
Total Revenue $ 1,445,814 $ 1,300,447 $ 1,448,268
Operating Expenses      
Compensation and Related 512,713 532,492 503,400
Distribution 314,554 160,884 318,343
Systems and Communications 77,783 75,429 64,698
Professional Service Fees 57,747 60,331 55,123
Office and Occupancy 43,361 44,573 38,975
Advertising and Promotional 20,931 21,600 15,834
Travel and Related 12,456 5,337 4,566
Intangible Asset Related 44,066 13,823 13,817
Other 25,407 19,706 15,361
Total Operating Expenses 1,109,018 934,175 1,030,117
Operating Income 336,796 366,272 418,151
Nonoperating Income (Expenses)      
Investment Income, net 8,973 3,171 4,119
Gain (Loss) on Securities, net (28,696) 9,532 18,067
Debt Expense (11,073) (1,785) (2,678)
Other, net 222 (900) 8,398
Total Nonoperating Income (Expenses), net (30,574) 10,018 27,906
Income Before Income Taxes 306,222 376,290 446,057
Income Tax Provision 71,658 103,982 110,035
Net Income Including the Noncontrolling Interests in Subsidiaries 234,564 272,308 336,022
Less: Net Income (Loss) Attributable to the Noncontrolling Interests in Subsidiaries (4,932) 2,015 9,658
Net Income $ 239,496 $ 270,293 $ 326,364
Amounts Attributable to Federated Hermes, Inc.      
Earning per common share - basic (usd per share) $ 2.65 $ 2.77 $ 3.25
Earnings per common share—diluted (usd per share) 2.65 2.75 3.23
Cash dividends per share (usd per share) $ 1.08 $ 1.08 $ 2.08
Investment Advisory Fees, net—Affiliates      
Revenue      
Total Revenue $ 772,993 $ 656,958 $ 769,836
Investment Advisory Fees, net—Other      
Revenue      
Total Revenue 238,638 259,026 241,631
Administrative Service Fees, net—Affiliates      
Revenue      
Total Revenue 294,557 306,639 318,152
Other Service Fees, net—Affiliates      
Revenue      
Total Revenue 121,383 61,326 103,862
Other Service Fees, net—Other      
Revenue      
Total Revenue $ 18,243 $ 16,498 $ 14,787