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Redeemable Noncontrolling Interests in Subsidiaries
 6 Months Ended
Jun. 30, 2025
Noncontrolling Interest [Abstract]  
Redeemable Noncontrolling Interests in Subsidiaries Equity
In October 2023, the Federated Hermes, Inc. board of directors (Board) authorized a share repurchase program with no stated expiration date that authorized the repurchase of up to 5.0 million shares of Class B common stock. This program was fulfilled in March 2025. In October 2024, the board of directors authorized an additional share repurchase program with no stated expiration date that authorizes the repurchase of up to 5.0 million shares of Class B common stock. No other program existed as of June 30, 2025. The program authorizes executive management to determine the timing and the amount of shares for each purchase. The repurchased stock is to be held in treasury for employee share-based compensation plans, potential acquisitions and other corporate activities, unless the Board subsequently determines to retire the repurchased stock and restore the shares to authorized but unissued status (rather than holding the shares in treasury). During the six months ended June 30, 2025, Federated Hermes repurchased approximately 4.6 million shares of its Class B common stock for $184.7 million, nearly all of which were repurchased in the open market. At June 30, 2025, approximately 1.1 million shares remain available to be repurchased under this share repurchase program. See Note (21) for information regarding a new share repurchase program approved on July 31, 2025.
The following table presents the activity for the Class B common stock and Treasury stock for the three and six months ended June 30, 2025 and 2024. Class A shares have been excluded as there was no activity during these same periods.
 Three Months EndedSix Months Ended
June 30,June 30,
2025202420252024
Class B Shares
Beginning Balance79,096,157 84,149,976 81,759,679 84,840,989 
Stock Award Activity 9,700 9,600 403,720 400,707 
Purchase of Treasury Stock(1,547,182)(1,559,200)(4,604,724)(2,641,320)
Ending Balance77,558,675 82,600,376 77,558,675 82,600,376 
Treasury Shares
Beginning Balance20,409,299 15,355,480 17,745,777 14,664,467 
Stock Award Activity (9,700)(9,600)(403,720)(400,707)
Purchase of Treasury Stock1,547,182 1,559,200 4,604,724 2,641,320 
Ending Balance21,946,781 16,905,080 21,946,781 16,905,080 
Redeemable Noncontrolling Interests in Subsidiaries
The following table presents the changes in Redeemable Noncontrolling Interests in Subsidiaries:
(in thousands)Consolidated Investment CompaniesOther EntitiesTotal
Balance at December 31, 2024$45,085 $10,429 $55,514 
Net Income (Loss)2,690 52 2,742 
Other Comprehensive Income (Loss), net of tax903 163 1,066 
Subscriptions—Redeemable Noncontrolling Interest Holders16,107 128 16,235 
Distributions to Noncontrolling Interests in Subsidiaries(7,023)(1,344)(8,367)
Balance at March 31, 2025$57,762 $9,428 $67,190 
Net Income (Loss)6,785 (1,094)5,691 
Other Comprehensive Income (Loss), net of tax1,854 236 2,090 
Subscriptions—Redeemable Noncontrolling Interest Holders73,940 265 74,205 
Distributions to Noncontrolling Interests in Subsidiaries(12,629)(907)(13,536)
Business Acquisition0 27,353 27,353 
Balance at June 30, 2025$127,712 $35,281 $162,993 
(in thousands)Consolidated Investment CompaniesOther EntitiesTotal
Balance at December 31, 2023$14,341 $11,504 $25,845 
Net Income (Loss)(72)49 (23)
Other Comprehensive Income (Loss), net of tax0 (106)(106)
Subscriptions—Redeemable Noncontrolling Interest Holders2,480 244 2,724 
Consolidation/(Deconsolidation)48,100 0 48,100 
Distributions to Noncontrolling Interests in Subsidiaries(2,853)(557)(3,410)
Balance at March 31, 2024$61,996 $11,134 $73,130 
Net Income (Loss)(1,658)(144)(1,802)
Other Comprehensive Income (Loss), net of tax0 13 13 
Subscriptions—Redeemable Noncontrolling Interest Holders16,315 (12)16,303 
Consolidation/(Deconsolidation)(52,723)0 (52,723)
Distributions to Noncontrolling Interests in Subsidiaries(2,933)(1,497)(4,430)
Balance at June 30, 2024$20,997 $9,494 $30,491