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Segment and Geographic Information
 3 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
Segment and Geographic Information Segment and Geographic Information
Federated Hermes operates in one operating segment, the investment management business. Federated Hermes’ Chief Executive Officer (CEO) is the chief operating decision maker (CODM). The CODM utilizes a consolidated approach to allocate resources and assess performance.
The CODM assesses performance and decides how to allocate resources based on revenue and net income as reported on the Consolidated Statements of Income. The measure of segment assets is reported on the Consolidated Balance Sheets as Total Assets.
The CODM uses revenue and net income in making key operating decisions, including approvals for business acquisitions, high-level compensation decisions, determination of shareholder dividends, including special dividends, repurchasing company stock, developing and seeding new offerings, modifying existing offerings and determination of funding of significant technology projects.
Federated Hermes’ revenue from U.S. and non-U.S. operations were as follows for each period presented:
(in thousands)March 31, 2025March 31, 2024
Domestic 365,802 335,428 
Foreign1
57,738 60,943 
Total Revenue$423,540 $396,371 
1    This represents revenue earned by non-U.S. domiciled subsidiaries, primarily in the U.K.
Federated Hermes’ Right-of-Use Assets, net and Property and Equipment, net for U.S. and non-U.S. operations were as follows for each period presented:
(in thousands)March 31, 2025December 31, 2024
U.S.$99,127 $105,110 
Non-U.S.1
24,725 25,165 
Total Right-of-Use Assets, net and Property and Equipment, net1
$123,852 $130,275 
1    This represents net assets of non-U.S. domiciled subsidiaries, primarily in the U.K.