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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current Assets    
Cash and Cash Equivalents $ 387,567 $ 504,441
Prepaid Expenses 31,567 29,294
Other Current Assets 2,170 4,796
Total Current Assets 678,574 781,352
Long-Term Assets    
Goodwill 808,911 804,818
Intangible Assets, net of accumulated amortization of $81,375 and $75,787, respectively 329,922 327,881
Property and Equipment, net of accumulated depreciation of $120,635 and $118,103, respectively 24,488 25,565
Right-of-Use Assets, net 99,364 104,710
Other Long-Term Assets 60,794 40,358
Total Long-Term Assets 1,323,479 1,303,332
Total Assets 2,002,053 2,084,684
Current Liabilities    
Accounts Payable and Accrued Expenses 92,413 100,012
Accrued Compensation and Benefits 68,924 157,068
Lease Liabilities 16,861 16,695
Income Taxes Payable 29,816 2,325
Other Current Liabilities 14,979 13,093
Total Current Liabilities 222,993 289,193
Long-Term Liabilities    
Long-Term Debt 348,171 348,106
Long-Term Deferred Tax Liability, net 172,248 170,957
Long-Term Lease Liabilities 94,065 97,166
Other Long-Term Liabilities 21,244 28,542
Total Long-Term Liabilities 635,728 644,771
Total Liabilities 858,721 933,964
Commitments and Contingencies (Note (17))
TEMPORARY EQUITY    
Redeemable Noncontrolling Interests in Subsidiaries 67,190 55,514
Federated Hermes, Inc. Shareholders’ Equity    
Retained Earnings 1,319,995 1,256,603
Treasury Stock, at Cost, 20,409,299 and 17,745,777 Shares Class B Common Stock, respectively (741,578) (632,838)
Accumulated Other Comprehensive Income (Loss), net of tax (16,916) (32,083)
Total Permanent Equity 1,076,142 1,095,206
Total Liabilities, Temporary Equity and Permanent Equity 2,002,053 2,084,684
Investments—Consolidated Investment Companies    
Current Assets    
Investments 99,119 82,441
Affiliates    
Current Assets    
Investments 55,140 54,160
Receivables 38,689 36,317
Receivables, net of reserve of $21 and $21, respectively    
Current Assets    
Receivables 64,322 69,903
Class A    
Federated Hermes, Inc. Shareholders’ Equity    
Common Stock 189 189
Class B    
Federated Hermes, Inc. Shareholders’ Equity    
Common Stock $ 514,452 $ 503,335