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Consolidated Statements of Income - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenue        
Total Revenue $ 402,583 $ 433,232 $ 798,954 $ 815,421
Operating Expenses        
Compensation and Related 130,748 159,883 267,294 296,761
Distribution 93,503 97,086 188,398 190,420
Systems and Communications 23,194 22,074 45,017 42,046
Professional Service Fees 19,845 19,099 38,197 35,320
Office and Occupancy 9,765 11,404 19,734 24,278
Advertising and Promotional 6,621 5,109 10,927 9,451
Travel and Related 3,847 3,835 7,119 7,066
Intangible Asset Related 69,392 3,418 72,627 6,743
Other 4,951 12,935 10,343 19,781
Total Operating Expenses 361,866 334,843 659,656 631,866
Operating Income 40,717 98,389 139,298 183,555
Nonoperating Income (Expenses)        
Investment Income, net 5,988 5,249 12,724 10,068
Gain (Loss) on Securities, net (856) 40 891 5,533
Debt Expense (3,159) (3,118) (6,308) (6,243)
Other, net (34) (15) 69 107
Total Nonoperating Income (Expenses), net 1,939 2,156 7,376 9,465
Income Before Income Taxes 42,656 100,545 146,674 193,020
Income Tax Provision 23,431 27,543 52,439 48,552
Net Income Including the Noncontrolling Interests in Subsidiaries 19,225 73,002 94,235 144,468
Less: Net Income (Loss) Attributable to the Noncontrolling Interests in Subsidiaries (1,802) 827 (1,825) 2,692
Net Income 21,027 72,175 96,060 141,776
Amounts Attributable to Federated Hermes, Inc.        
Net Income Attributable to Federated Hermes Common Stock - Basic 16,294 68,704 90,250 134,794
Net Income Attributable to Federated Hermes Common Stock - Diluted $ 16,294 $ 68,704 $ 90,250 $ 134,794
Earnings Per Common Share—Basic (usd per share) $ 0.20 $ 0.81 $ 1.12 $ 1.59
Earnings Per Common Share—Diluted (usd per share) 0.20 0.81 1.12 1.59
Cash Dividends Per Share (usd per share) $ 1.31 $ 0.28 $ 1.59 $ 0.55
Investment Advisory Fees, net | Affiliates        
Revenue        
Total Revenue $ 211,111 $ 249,421 $ 413,902 $ 451,310
Investment Advisory Fees, net | Other        
Revenue        
Total Revenue 59,511 60,916 121,014 123,008
Administrative Service Fees, net—Affiliates | Affiliates        
Revenue        
Total Revenue 95,346 85,199 190,132 164,378
Other Service Fees, net | Affiliates        
Revenue        
Total Revenue 32,190 33,994 65,554 68,857
Other Service Fees, net | Other        
Revenue        
Total Revenue $ 4,425 $ 3,702 $ 8,352 $ 7,868