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Consolidated Statements of Income - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenue    
Total Revenue $ 396,371 $ 382,189
Operating Expenses    
Compensation and Related 136,546 136,878
Distribution 94,894 93,333
Systems and Communications 21,823 19,972
Professional Service Fees 18,352 16,220
Office and Occupancy 9,969 12,874
Advertising and Promotional 4,306 4,342
Travel and Related 3,273 3,231
Intangible Asset Related 3,235 3,326
Other 5,392 6,847
Total Operating Expenses 297,790 297,023
Operating Income 98,581 85,166
Nonoperating Income (Expenses)    
Investment Income, net 6,736 4,820
Gain (Loss) on Securities, net 1,747 5,492
Debt Expense (3,149) (3,125)
Other, net 103 122
Total Nonoperating Income (Expenses), net 5,437 7,309
Income Before Income Taxes 104,018 92,475
Income Tax Provision 29,008 21,009
Net Income Including the Noncontrolling Interests in Subsidiaries 75,010 71,466
Less: Net Income (Loss) Attributable to the Noncontrolling Interests in Subsidiaries (23) 1,865
Net Income $ 75,033 $ 69,601
Amounts Attributable to Federated Hermes, Inc.    
Earnings Per Common Share—Basic (usd per share) $ 0.89 $ 0.78
Earnings Per Common Share—Diluted (usd per share) 0.89 0.78
Cash Dividends Per Share (usd per share) $ 0.28 $ 0.27
Investment Advisory Fees, net | Affiliates    
Revenue    
Total Revenue $ 202,791 $ 201,889
Investment Advisory Fees, net | Nonrelated Party    
Revenue    
Total Revenue 61,503 62,093
Administrative Service Fees, net—Affiliates | Affiliates    
Revenue    
Total Revenue 94,786 79,180
Other Service Fees, net | Affiliates    
Revenue    
Total Revenue 33,364 34,862
Other Service Fees, net | Nonrelated Party    
Revenue    
Total Revenue $ 3,927 $ 4,165