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Earnings Per Share Attributable to Federated Hermes, Inc. Shareholders (Tables)
 9 Months Ended
Sep. 30, 2024
Earnings Per Share [Abstract]  
Schedule of Computation of Basic and Diluted Earnings Per Share
The following table sets forth the computation of basic and diluted earnings per share using the two-class method for amounts attributable to Federated Hermes:
 Three Months EndedNine Months Ended
September 30,September 30,
(in thousands, except per share data)2024202320242023
Numerator
Net Income Attributable to Federated Hermes, Inc.$87,538 $75,026 $183,598 $216,802 
Less: Total Net Income Available to Participating Unvested Restricted Shareholders1
(3,747)(3,310)(7,953)(10,309)
Total Net Income Attributable to Federated Hermes Common Stock - Basic and Diluted$83,791 $71,716 $175,645 $206,493 
Denominator
Basic Weighted-Average Federated Hermes Common Stock2
78,690 83,710 79,804 84,499 
Dilutive Impact from Non-forfeitable Restricted Stock16 0 5 3 
Diluted Weighted-Average Federated Hermes Common Stock2
78,706 83,710 79,809 84,502 
Earnings Per Share
Net Income Attributable to Federated Hermes Common Stock - Basic and Diluted2
$1.06 $0.86 $2.20 $2.44 
1    Includes dividends paid on unvested restricted Federated Hermes Class B common stock and their proportionate share of any undistributed earnings attributable to Federated Hermes shareholders.
2    Federated Hermes common stock excludes unvested restricted stock which are deemed participating securities in accordance with the two-class method of computing earnings per share, except for circumstances where shares vest upon retirement and the employee has reached retirement age.