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Pay vs Performance Disclosure - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Pay vs Performance Disclosure        
Pay vs Performance Disclosure, Table
YearSummary Compensation Table Total for PEO
($)
Compensation Actually Paid to PEO
($)(1)
Average Summary Compensation Table Total for Non-PEO Named Executive Officers
($) (2)
Average Compensation Actually Paid to Non-PEO Named Executive Officers
($) (1)(2)
Value of Initial Fixed $100 Investment Based On:Net Income
($ in thousands)
Operating Profits
($ in thousands)
(3)
Total Shareholder Return

($)
Peer Group Total Shareholder Return
($)
20236,307,0406,145,0524,840,3984,473,720127128298,980237,447
20224,736,1044,402,1005,003,6014,679,358132115239,496189,810
20216,491,8667,660,6964,938,2626,887,138132147270,293212,487
20206,118,5095,687,6975,278,7254,765,46499111326,364247,411
     
Company Selected Measure Name Operating Profits      
Named Executive Officers, Footnote The non-PEO NEOs reflected in these columns represent the applicable individuals who served as non-PEO NEOs in each of the years shown, as reflected in the 2023 Summary Compensation Table.      
PEO Total Compensation Amount $ 6,307,040 $ 4,736,104 $ 6,491,866 $ 6,118,509
PEO Actually Paid Compensation Amount $ 6,145,052 4,402,100 7,660,696 5,687,697
Adjustment To PEO Compensation, Footnote
Year
Salary
($)
Non-Equity Incentive Plan Compensation
($)
Stock Awards
Other Compensation
($) (i)
SCT Total
($)
Additions to (Deductions from) SCT Total
($) (ii)
CAP
($)
2023787,5003,010,0001,918,898590,6426,307,040(161,988)6,145,052
2022
787,500
2,730,000
705,893
512,711
4,736,104
(334,004)
4,402,100
2021
787,500
2,800,000
2,294,121
610,245
6,491,866
1,168,830
7,660,696
2020
787,500
3,150,000
1,482,362
698,647
6,118,509
(430,812)
5,687,697
(i)    Reflects “all other compensation” reported in the SCT for each year shown.
(ii)    Represents the net adjustments to reflect the change in fair value of outstanding stock awards for each respective year, which is required to be included in the calculation of CAP. The adjustments for fiscal year 2023 are further detailed in the supplemental tables below. Federated Hermes did not report a change in pension value for any of the years reflected in the table; therefore, a deduction from the SCT total related to pension value is not needed.
Equity Type
Change in Fair Value of Current Year Stock Awards at 12/31/2023
$ (a)
Change in Fair Value of Prior Years’ Stock Awards Unvested at 12/31/2023
$ (b)
Change in Fair Value of Prior Years’ Stock Awards That Vested in FY2023
$ (c)
Net Adjustment to Grant Date Fair Value of Stock Awards Disclosed in SCT
$ (d) = (a) + (b) + (c)
Restricted Stock(184,254)(95,413)117,679 (161,988)
     
Non-PEO NEO Average Total Compensation Amount $ 4,840,398 5,003,601 4,938,262 5,278,725
Non-PEO NEO Average Compensation Actually Paid Amount $ 4,473,720 4,679,358 6,887,138 4,765,464
Adjustment to Non-PEO NEO Compensation Footnote
Year
Salary
($)
Non-Equity Incentive Plan Compensation
($)
Stock Awards
Other Compensation
($) (i)
SCT Total
($)
Additions to (Deductions from) SCT Stock Awards Total
($) (ii)
CAP
($)
2023631,406 2,623,458 1,210,337 375,197 4,840,398 (366,678)4,473,720 
2022
663,250
2,465,000
1,472,477
402,874
5,003,601
(324,243)
4,679,358
2021
663,250
2,206,875
1,631,496
436,640
4,938,262
1,948,877
6,887,138
2020
663,250
2,373,750
1,607,378
634,346
5,278,725
(513,261)
4,765,464
(i)    Reflects “all other compensation” reported in the SCT for each year shown.
(ii)    Represents the net adjustments to reflect the change in fair value of outstanding stock awards for each respective year, which is required to be included in the calculation of CAP. The adjustments for fiscal year 2023 are further detailed in the supplemental tables below. Federated Hermes did not report a change in pension value for any of the years reflected in the table; therefore, a deduction from the SCT total related to pension value is not needed.
Equity Type
Change in Fair Value of Current Year Stock Awards at 12/31/2023
$ (a)
Change in Fair Value of Prior Years’ Stock Awards Unvested at 12/31/2023
$ (b)
Change in Fair Value of Prior Years’ Stock Awards That Vested in FY2023
$ (c)
Net Adjustment to Grant Date Fair Value of Stock Awards Disclosed in SCT
$ (d) = (a) + (b) + (c)
Restricted Stock(87,643)(330,184)51,149 (366,678)
     
Compensation Actually Paid vs. Total Shareholder Return
The chart below shows the relationship between Federated Hermes’ TSR and the CAP amounts for the PEO and other NEOs. The fluctuations in the CAP in each year from 2020 to 2023 are primarily driven by changes in Federated Hermes’ stock price in those years, and the associated change in fair value of outstanding stock awards for each respective year, which s required to be included in the calculation of CAP.CAP vs Total Shareholder Return v2.jpg
     
Compensation Actually Paid vs. Net Income
The chart below shows the relationship between Federated Hermes’ net income and the CAP amounts for the PEO and other NEOs.CAP vs Net Income v2.jpg
     
Compensation Actually Paid vs. Company Selected Measure
The chart below shows the relationship between Federated Hermes’ selected measure, operating profits, and the CAP amounts for the PEO and other NEOs.CAP vs Operating Profits v2.jpg
     
Total Shareholder Return Vs Peer Group
The chart below shows Federated Hermes’ 4-year cumulative Total Shareholder Return (TSR) as compared to that of the S&P 1500 Asset Management & Custody Banks Index (the S&P 1500 Index). The chart assumes that the value of the investment in Federated Hermes’ Class B common stock and the S&P 1500 Index was $100 on December 31, 2019. Total return includes reinvestment of all dividends. The historical information set forth below is not necessarily indicative of future performance. Federated Hermes does not make or endorse any predictions as to future stock performance.Total Shareholder Return - Company vs SP 1500 Index v2.jpg
     
Tabular List, Table
Most Important Performance Measure
Operating Profits
Assets Under Management
Gross Product Sales
Net Product Sales
Total Revenue
Net Income
Net Income Per Diluted Share
     
Total Shareholder Return Amount $ 127 132 132 99
Peer Group Total Shareholder Return Amount 128 115 147 111
Net Income (Loss) $ 298,980,000 $ 239,496,000 $ 270,293,000 $ 326,364,000
Company Selected Measure Amount 237,447,000 189,810,000 212,487,000 247,411,000
PEO Salary $ 787,500 $ 787,500 $ 787,500 $ 787,500
Non-Equity Incentive Compensation 3,010,000 2,730,000 2,800,000 3,150,000
PEO Stock Awards 1,918,898 705,893 2,294,121 1,482,362
PEO Other Compensation 590,642 512,711 610,245 698,647
Non-PEO NEO Salary 631,406 663,250 663,250 663,250
Non-PEO NEO Non-Equity Incentive Compensation 2,623,458 2,465,000 2,206,875 2,373,750
Non-PEO NEO Stock Awards 1,210,337 1,472,477 1,631,496 1,607,378
Non-PEO NEO Other Compensation $ 375,197 402,874 436,640 634,346
Measure:: 1        
Pay vs Performance Disclosure        
Name •Operating Profits      
Non-GAAP Measure Description Operating Profits is defined as the total revenue less distributions to non-controlling (minority) interests and less total expenses (including net non-operating income/expenses and income taxes and excluding amortization of intangibles, impairment losses and debt expenses) as reflected in Federated Hermes’ unaudited financial statements for the first nine months of each year.      
Measure:: 2        
Pay vs Performance Disclosure        
Name •Assets Under Management      
Measure:: 3        
Pay vs Performance Disclosure        
Name •Gross Product Sales      
Measure:: 4        
Pay vs Performance Disclosure        
Name •Net Product Sales      
Measure:: 5        
Pay vs Performance Disclosure        
Name •Total Revenue      
Measure:: 6        
Pay vs Performance Disclosure        
Name •Net Income      
Measure:: 7        
Pay vs Performance Disclosure        
Name •Net Income Per Diluted Share      
PEO        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ (161,988)      
PEO | Equity Awards Adjustments [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (161,988) (334,004) 1,168,830 (430,812)
PEO | Equity Awards Granted During the Year, Unvested [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation Amount, Equity Awards (184,254)      
PEO | Equity Awards Granted in Prior Years, Unvested [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation Amount, Equity Awards (95,413)      
PEO | Equity Awards Granted in Prior Years, Vested [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation Amount, Equity Awards 117,679      
Non-PEO NEO        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (366,678)      
Non-PEO NEO | Equity Awards Adjustments [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (366,678) $ (324,243) $ 1,948,877 $ (513,261)
Non-PEO NEO | Equity Awards Granted During the Year, Unvested [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation Amount, Equity Awards (87,643)      
Non-PEO NEO | Equity Awards Granted in Prior Years, Unvested [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation Amount, Equity Awards (330,184)      
Non-PEO NEO | Equity Awards Granted in Prior Years, Vested [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation Amount, Equity Awards $ 51,149