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Segment and Geographic Information | 6 Months Ended
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Jun. 30, 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:
|  | Three Months Ended |  | Six Months Ended
|  | June 30, |  | June 30,
(in thousands) |  | 2025 |  | 2024 |  | 2025 |  | 2024
Domestic |  | $ | 370,429 |  |  | $ | 340,568 |  |  | $ | 736,231 |  |  | $ | 675,996 |
Foreign 1 |  | 54,415 |  |  | 62,015 |  |  | 112,153 |  |  | 122,958 |
Total Revenue |  | $ | 424,844 |  |  | $ | 402,583 |  |  | $ | 848,384 |  |  | $ | 798,954 |
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:
(in thousands) |  | June 30, 2025 |  | December 31, 2024
U.S. |  | $ | 95,979 |  |  | $ | 105,110 |
Non-U.S.1 |  | 28,748 |  |  | 25,165 |
Total Right-of-Use Assets, net and Property and Equipment, net 1 |  | $ | 124,727 |  |  | $ | 130,275 |
1 This represents net assets of non-U.S. domiciled subsidiaries, primarily in the U.K.

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- Definition The entire disclosure for reporting segments including data and tables. 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