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Consolidated Statements of Income - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenue        
Total Revenue $ 402,656 $ 381,143 $ 1,218,077 $ 1,071,915
Operating Expenses        
Compensation and Related 139,123 126,668 435,884 388,719
Distribution 89,838 91,032 280,258 223,837
Systems and Communications 21,213 19,294 63,259 57,234
Professional Service Fees 17,561 14,203 52,881 41,647
Office and Occupancy 10,632 10,622 34,910 32,457
Advertising and Promotional 3,857 6,496 13,308 13,965
Travel and Related 4,034 3,421 11,101 8,543
Intangible Asset Related 3,451 2,894 10,194 9,319
Other 11,523 9,733 31,303 23,147
Total Operating Expenses 301,232 284,363 933,098 798,868
Operating Income 101,424 96,780 284,979 273,047
Nonoperating Income (Expenses)        
Investment Income, net 6,160 2,599 16,228 5,270
Gain (Loss) on Securities, net (3,438) (6,825) 2,094 (39,406)
Debt Expense (3,133) (3,302) (9,377) (7,873)
Other, net (8) (38) 101 31
Total Nonoperating Income (Expenses), net (419) (7,566) 9,046 (41,978)
Income Before Income Taxes 101,005 89,214 294,025 231,069
Income Tax Provision 26,739 21,640 75,291 58,140
Net Income Including the Noncontrolling Interests in Subsidiaries 74,266 67,574 218,734 172,929
Less: Net Income (Loss) Attributable to the Noncontrolling Interests in Subsidiaries (760) (1,905) 1,932 (10,070)
Net Income $ 75,026 $ 69,479 $ 216,802 $ 182,999
Amounts Attributable to Federated Hermes, Inc.        
Earnings Per Common Share—Basic (usd per share) $ 0.86 $ 0.78 $ 2.44 $ 2.02
Earnings Per Common Share—Diluted (usd per share) 0.86 0.78 2.44 2.02
Cash Dividends Per Share (usd per share) $ 0.28 $ 0.27 $ 0.83 $ 0.81
Investment Advisory Fees, net | Affiliates        
Revenue        
Total Revenue $ 215,673 $ 206,394 $ 666,983 $ 574,081
Investment Advisory Fees, net | Nonrelated Party        
Revenue        
Total Revenue 61,098 57,250 184,106 180,600
Administrative Service Fees, net—Affiliates | Affiliates        
Revenue        
Total Revenue 88,023 75,021 252,402 218,710
Other Service Fees, net | Affiliates        
Revenue        
Total Revenue 33,507 38,265 102,364 85,120
Other Service Fees, net | Nonrelated Party        
Revenue        
Total Revenue $ 4,355 $ 4,213 $ 12,222 $ 13,404