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Revenue from Contracts with Customers (Tables)
 3 Months Ended
Mar. 31, 2025
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregation of Revenue
The following table presents Federated Hermes’ revenue disaggregated by asset class:
Three Months Ended
March 31,
(in thousands)20252024
Money market$223,346 $202,640 
Equity117,903 116,515 
Fixed-income49,434 48,675 
Other32,857 28,541 
Total Revenue$423,540 $396,371 
The following table presents Federated Hermes’ revenue disaggregated by performance obligation:
Three Months Ended
March 31,
(in thousands)20252024
Investment Advisory$287,460 $264,294 
Administrative Services101,109 94,786 
Distribution28,765 31,366 
Other6,206 5,925 
Total Revenue$423,540 $396,371 
The following table presents Federated Hermes’ revenue disaggregated by offering type:
Three Months Ended
March 31,
(in thousands)20252024
Federated Hermes Funds$355,349 $330,941 
Separate Accounts64,087 61,503 
Other4,104 3,927 
Total Revenue$423,540 $396,371 
Schedule of Remaining Unsatisfied Performance Obligations Based on existing contracts and the applicable foreign exchange rates as of March 31, 2025, Federated Hermes may recognize future fixed revenue from these services as presented in the following table:
(in thousands)
Remainder of 2025$8,897 
20263,324 
20271,068 
2028 and Thereafter498 
Total Remaining Unsatisfied Performance Obligations$13,787