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Consolidated Statements of Income - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Revenue    
Total Revenue $ 423,540 $ 396,371
Operating Expenses    
Compensation and Related 143,270 136,546
Distribution 99,085 94,894
Systems and Communications 24,226 21,823
Professional Service Fees 18,548 18,352
Office and Occupancy 9,952 9,969
Advertising and Promotional 4,576 4,306
Travel and Related 3,553 3,273
Intangible Asset Related 3,196 3,235
Other (14,638) 5,392
Total Operating Expenses 291,768 297,790
Operating Income 131,772 98,581
Nonoperating Income (Expenses)    
Investment Income, net 6,513 6,736
Gain (Loss) on Securities, net 962 1,747
Debt Expense (3,179) (3,149)
Other, net (27) 103
Total Nonoperating Income (Expenses), net 4,269 5,437
Income Before Income Taxes 136,041 104,018
Income Tax Provision 32,165 29,008
Net Income Including the Noncontrolling Interests in Subsidiaries 103,876 75,010
Less: Net Income (Loss) Attributable to the Noncontrolling Interests in Subsidiaries 2,742 (23)
Net Income $ 101,134 $ 75,033
Amounts Attributable to Federated Hermes, Inc.    
Earnings Per Common Share—Basic (usd per share) $ 1.25 $ 0.89
Earnings Per Common Share—Diluted (usd per share) 1.25 0.89
Cash dividends per share (usd per share) $ 0.31 $ 0.28
Investment Advisory Fees, net | Affiliates    
Revenue    
Total Revenue $ 223,373 $ 202,791
Investment Advisory Fees, net | Other    
Revenue    
Total Revenue 64,087 61,503
Administrative Service Fees, net—Affiliates | Affiliates    
Revenue    
Total Revenue 101,109 94,786
Other Service Fees, net | Affiliates    
Revenue    
Total Revenue 30,867 33,364
Other Service Fees, net | Other    
Revenue    
Total Revenue $ 4,104 $ 3,927