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Consolidated Statements of Income - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenue    
Total Revenue $ 382,189 $ 324,764
Operating Expenses    
Compensation and Related 136,878 133,965
Distribution 93,333 48,562
Systems and Communications 19,972 19,494
Professional Service Fees 16,220 13,468
Office and Occupancy 12,874 11,322
Advertising and Promotional 4,342 2,732
Intangible Asset Related 3,326 3,334
Travel and Related 3,231 1,795
Other 6,847 6,143
Total Operating Expenses 297,023 240,815
Operating Income 85,166 83,949
Nonoperating Income (Expenses)    
Investment Income, net 4,820 1,093
Gain (Loss) on Securities, net 5,492 (11,695)
Debt Expense (3,125) (1,222)
Other, net 122 83
Total Nonoperating Income (Expenses), net 7,309 (11,741)
Income Before Income Taxes 92,475 72,208
Income Tax Provision 21,009 17,611
Net Income Including the Noncontrolling Interests in Subsidiaries 71,466 54,597
Less: Net Income (Loss) Attributable to the Noncontrolling Interests in Subsidiaries 1,865 (1,266)
Net Income $ 69,601 $ 55,863
Amounts Attributable to Federated Hermes, Inc.    
Earnings Per Common Share—Basic (usd per share) $ 0.78 $ 0.61
Earnings Per Common Share—Diluted (usd per share) 0.78 0.61
Cash Dividends Per Share (usd per share) $ 0.27 $ 0.27
Investment Advisory Fees, net—Affiliates    
Revenue    
Total Revenue $ 201,889 $ 170,221
Investment Advisory Fees, net—Other    
Revenue    
Total Revenue 62,093 62,773
Administrative Service Fees, net—Affiliates    
Revenue    
Total Revenue 79,180 73,507
Other Service Fees, net—Affiliates    
Revenue    
Total Revenue 34,862 13,607
Other Service Fees, net—Other    
Revenue    
Total Revenue $ 4,165 $ 4,656