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Consolidated Statements of Income - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenue        
Total Revenue $ 408,456 $ 402,656 $ 1,207,410 $ 1,218,077
Operating Expenses        
Compensation and Related 136,027 139,123 403,321 435,884
Distribution 95,859 89,838 284,257 280,258
Systems and Communications 23,656 21,213 68,672 63,259
Professional Service Fees 19,849 17,561 58,046 52,881
Office and Occupancy 9,884 10,632 29,617 34,910
Advertising and Promotional 5,378 3,857 16,306 13,308
Travel and Related 4,221 4,034 11,341 11,101
Intangible Asset Related 3,504 3,451 76,131 10,194
Other (1,664) 11,523 8,679 31,303
Total Operating Expenses 296,714 301,232 956,370 933,098
Operating Income 111,742 101,424 251,040 284,979
Nonoperating Income (Expenses)        
Investment Income, net 6,080 6,160 18,804 16,228
Gain (Loss) on Securities, net 7,935 (3,438) 8,826 2,094
Debt Expense (3,170) (3,133) (9,478) (9,377)
Other, net 16 (8) 85 101
Total Nonoperating Income (Expenses), net 10,861 (419) 18,237 9,046
Income Before Income Taxes 122,603 101,005 269,277 294,025
Income Tax Provision 32,262 26,739 84,701 75,291
Net Income Including the Noncontrolling Interests in Subsidiaries 90,341 74,266 184,576 218,734
Less: Net Income (Loss) Attributable to the Noncontrolling Interests in Subsidiaries 2,803 (760) 978 1,932
Net Income $ 87,538 $ 75,026 $ 183,598 $ 216,802
Amounts Attributable to Federated Hermes, Inc.        
Earnings Per Common Share—Basic (usd per share) $ 1.06 $ 0.86 $ 2.20 $ 2.44
Earnings Per Common Share—Diluted (usd per share) 1.06 0.86 2.20 2.44
Cash dividends per share (usd per share) $ 0.31 $ 0.28 $ 1.90 $ 0.83
Investment Advisory Fees, net | Affiliates        
Revenue        
Total Revenue $ 215,752 $ 215,673 $ 629,654 $ 666,983
Investment Advisory Fees, net | Other        
Revenue        
Total Revenue 58,869 61,098 179,883 184,106
Administrative Service Fees, net—Affiliates | Affiliates        
Revenue        
Total Revenue 97,687 88,023 287,819 252,402
Other Service Fees, net | Affiliates        
Revenue        
Total Revenue 31,356 33,507 96,910 102,364
Other Service Fees, net | Other        
Revenue        
Total Revenue $ 4,792 $ 4,355 $ 13,144 $ 12,222