XML 42 R32.htm IDEA: XBRL DOCUMENT
v3.25.3

Revenue from Contracts with Customers (Tables) | 9 Months Ended
--- | ---
Sep. 30, 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 |  | Nine Months Ended
| September 30, |  | September 30,
(in thousands) | 2025 |  | 2024 |  | 2025 |  | 2024
Money market | $ | 245,282 |  |  | $ | 208,443 |  |  | $ | 694,628 |  |  | $ | 618,472 |
Equity | 135,043 |  |  | 117,844 |  |  | 371,945 |  |  | 350,101 |
Fixed-income | 49,586 |  |  | 49,512 |  |  | 147,306 |  |  | 146,803 |
Other | 39,535 |  |  | 32,657 |  |  | 103,951 |  |  | 92,034 |
Total Revenue | $ | 469,446 |  |  | $ | 408,456 |  |  | $ | 1,317,830 |  |  | $ | 1,207,410 |
The following table presents Federated Hermes’ revenue disaggregated by performance obligation:
| Three Months Ended |  | Nine Months Ended
| September 30, |  | September 30,
(in thousands) | 2025 |  | 2024 |  | 2025 |  | 2024
Investment Advisory | $ | 310,366 |  |  | $ | 274,621 |  |  | $ | 885,261 |  |  | $ | 809,537 |
Administrative Services | 107,234 |  |  | 97,687 |  |  | 310,000 |  |  | 287,819 |
Distribution | 39,225 |  |  | 29,193 |  |  | 96,312 |  |  | 90,619 |
Other | 12,621 |  |  | 6,955 |  |  | 26,257 |  |  | 19,435 |
Total Revenue | $ | 469,446 |  |  | $ | 408,456 |  |  | $ | 1,317,830 |  |  | $ | 1,207,410 |
The following table presents Federated Hermes’ revenue disaggregated by offering type:
| Three Months Ended |  | Nine Months Ended
| September 30, |  | September 30,
(in thousands) | 2025 |  | 2024 |  | 2025 |  | 2024
Federated Hermes Funds | $ | 393,278 |  |  | $ | 344,795 |  |  | $ | 1,106,073 |  |  | $ | 1,014,383 |
Separate Accounts | 65,654 |  |  | 58,869 |  |  | 191,829 |  |  | 179,883 |
Other | 10,514 |  |  | 4,792 |  |  | 19,928 |  |  | 13,144 |
Total Revenue | $ | 469,446 |  |  | $ | 408,456 |  |  | $ | 1,317,830 |  |  | $ | 1,207,410 |
Schedule of Remaining Unsatisfied Performance Obligations | Based on existing contracts and the applicable foreign exchange rates as of September 30, 2025, Federated Hermes may recognize future fixed revenue from these services as presented in the following table:
(in thousands) |  |
Remainder of 2025 |  | $ | 4,450 |
2026 |  | 7,830 |
2027 |  | 1,787 |
2028 and Thereafter |  | 981 |
Total Remaining Unsatisfied Performance Obligations |  | $ | 15,048 |

X
- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-5 + Details
Name: | us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_RevenueFromContractWithCustomerAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of expected timing for satisfying remaining performance obligation. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(1) -SubTopic 10 -Topic 606 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-13 + Details
Name: | us-gaap_RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration