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Consolidated Statements of Income - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenue        
Total Revenue $ 433,232 $ 366,008 $ 815,421 $ 690,772
Operating Expenses        
Compensation and Related 159,883 128,086 296,761 262,051
Distribution 97,086 84,243 190,420 132,804
Systems and Communications 22,074 18,446 42,046 37,940
Professional Service Fees 19,099 13,976 35,320 27,444
Office and Occupancy 11,404 10,512 24,278 21,835
Advertising and Promotional 5,109 4,736 9,451 7,468
Travel and Related 3,835 3,328 7,066 5,123
Intangible Asset Related 3,418 3,091 6,743 6,425
Other 12,935 7,272 19,781 13,415
Total Operating Expenses 334,843 273,690 631,866 514,505
Operating Income 98,389 92,318 183,555 176,267
Nonoperating Income (Expenses)        
Investment Income, net 5,249 1,577 10,068 2,671
Gain (Loss) on Securities, net 40 (20,885) 5,533 (32,580)
Debt Expense (3,118) (3,350) (6,243) (4,571)
Other, net (15) (13) 107 68
Total Nonoperating Income (Expenses), net 2,156 (22,671) 9,465 (34,412)
Income Before Income Taxes 100,545 69,647 193,020 141,855
Income Tax Provision 27,543 18,889 48,552 36,500
Net Income Including the Noncontrolling Interests in Subsidiaries 73,002 50,758 144,468 105,355
Less: Net Income (Loss) Attributable to the Noncontrolling Interests in Subsidiaries 827 (6,899) 2,692 (8,165)
Net Income $ 72,175 $ 57,657 $ 141,776 $ 113,520
Amounts Attributable to Federated Hermes, Inc.        
Earnings Per Common Share—Basic (usd per share) $ 0.81 $ 0.64 $ 1.59 $ 1.24
Earnings Per Common Share—Diluted (usd per share) 0.81 0.64 1.59 1.24
Cash Dividends Per Share (usd per share) $ 0.28 $ 0.27 $ 0.55 $ 0.54
Investment Advisory Fees, net | Affiliates        
Revenue        
Total Revenue $ 249,421 $ 197,466 $ 451,310 $ 367,687
Investment Advisory Fees, net | Nonrelated Party        
Revenue        
Total Revenue 60,916 60,577 123,008 123,350
Administrative Service Fees, net—Affiliates | Affiliates        
Revenue        
Total Revenue 85,199 70,182 164,378 143,689
Other Service Fees, net | Affiliates        
Revenue        
Total Revenue 33,994 33,248 68,857 46,855
Other Service Fees, net | Nonrelated Party        
Revenue        
Total Revenue $ 3,702 $ 4,535 $ 7,868 $ 9,191