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Equity
 6 Months Ended
Jun. 30, 2024
Equity [Abstract]  
Equity Equity
In October 2023, the Federated Hermes board of directors authorized a share repurchase program with no stated expiration date that allows the repurchase of up to 5.0 million shares of Class B common stock. No other program existed as of June 30, 2024. The program authorizes executive management to determine the timing and the amount of shares for each purchase. The repurchased stock is to be held in treasury for employee share-based compensation plans, potential acquisitions and other corporate activities, unless Federated Hermes’ board of directors subsequently determines to retire the repurchased stock and restore the shares to authorized but unissued status (rather than holding the shares in treasury). During the six months ended June 30, 2024, Federated Hermes repurchased approximately 2.6 million shares of its Class B common stock for $84.5 million ($2.0 million of which was accrued in Other Current Liabilities as of June 30, 2024), nearly all of which were repurchased in the open market. At June 30, 2024, approximately 2.0 million shares remain available to be repurchased under this share repurchase program.
The following table presents the activity for the Class B common stock and Treasury stock for the three and six months ended June 30, 2024 and 2023. Class A shares have been excluded as there was no activity during these same periods.
 Three Months EndedSix Months Ended
June 30,June 30,
2024202320242023
Class B Shares
Beginning Balance84,149,976 89,519,139 84,840,989 89,275,935 
Stock Award Activity 9,600 7,200 400,707 382,996 
Purchase of Treasury Stock(1,559,200)(1,236,199)(2,641,320)(1,368,791)
Ending Balance82,600,376 88,290,140 82,600,376 88,290,140 
Treasury Shares
Beginning Balance15,355,480 9,986,317 14,664,467 10,229,521 
Stock Award Activity (9,600)(7,200)(400,707)(382,996)
Purchase of Treasury Stock1,559,200 1,236,199 2,641,320 1,368,791 
Ending Balance16,905,080 11,215,316 16,905,080 11,215,316 
Redeemable Noncontrolling Interests in Subsidiaries
The following table presents the changes in Redeemable Noncontrolling Interests in Subsidiaries:
(in thousands)Consolidated Investment CompaniesOther EntitiesTotal
Balance at December 31, 2023$14,341 $11,504 $25,845 
Net Income (Loss)(72)49 (23)
Other Comprehensive Income (Loss), net of tax0 (106)(106)
Subscriptions—Redeemable Noncontrolling Interest Holders2,480 244 2,724 
Consolidation/(Deconsolidation)48,100 0 48,100 
Distributions to Noncontrolling Interests in Subsidiaries(2,853)(557)(3,410)
Balance at March 31, 2024$61,996 $11,134 $73,130 
Net Income (Loss)(1,658)(144)(1,802)
Other Comprehensive Income (Loss), net of tax0 13 13 
Subscriptions—Redeemable Noncontrolling Interest Holders16,315 (12)16,303 
Consolidation/(Deconsolidation)(52,723)0 (52,723)
Distributions to Noncontrolling Interests in Subsidiaries(2,933)(1,497)(4,430)
Balance at June 30, 2024$20,997 $9,494 $30,491 
(in thousands)Consolidated Investment CompaniesOther EntitiesTotal
Balance at December 31, 2022$50,317 $11,504 $61,821 
Net Income (Loss)1,925 (60)1,865 
Other Comprehensive Income (Loss), net of tax0 232 232 
Subscriptions—Redeemable Noncontrolling Interest Holders12,669 107 12,776 
Consolidation/(Deconsolidation)(33,962)0 (33,962)
Distributions to Noncontrolling Interests in Subsidiaries(2,499)(725)(3,224)
Balance at March 31, 2023$28,450 $11,058 $39,508 
Net Income (Loss)486 341 827 
Other Comprehensive Income (Loss), net of tax0 328 328 
Subscriptions—Redeemable Noncontrolling Interest Holders19,642 42 19,684 
Consolidation/(Deconsolidation)12,119 0 12,119 
Distributions to Noncontrolling Interests in Subsidiaries(14,017)(437)(14,454)
Balance at June 30, 2023$46,680 $11,332 $58,012