FHI

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Federated Hermes, Inc.

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Key Metrics

Previous Close: $63.98
52-Week Range: $46.66 – $67.20
Market Cap: $4.71B
P/E (TTM): 11.73
EPS (TTM): 5.38
Dividend Yield: 2.25%

Advanced Metrics

Price/Book: 3.60
PEG Ratio: 2.51
Return on Equity: 31.14%
Return on Assets: 14.80%
Gross Margin: 69.04%
Operating Margin: 27.72%
Profit Margin: 21.30%
Current Ratio: 2.59
Debt/Equity: 0.32
Total Debt: $451.94M
Free Cash Flow: $371.46M
Revenue Growth: 18.30%
Earnings Growth: 19.30%
Enterprise Value: $4.67B

FHI Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$1.45B	$1.61B	$1.63B	$1.80B
Cost of Revenue	$512.71M	$563.39M	$540.49M	$577.69M
Gross Profit	$933.10M	$1.05B	$1.09B	$1.22B
Selling, General & Admin	$514.38M	$592.98M	$617.23M	$676.34M
Operating Expenses	$552.24M	$644.77M	$650.78M	$695.36M
Operating Income	$380.86M	$401.42M	$440.83M	$527.61M
EBITDA	$345.38M	$450.69M	$416.70M	$582.52M
Pretax Income	$306.22M	$411.33M	$381.61M	$547.53M
Income Tax	$71.66M	$106.55M	$113.18M	$133.43M
Net Income	$239.50M	$298.98M	$268.31M	$403.30M
Diluted EPS	2.65	3.40	3.23	5.13
Diluted Shares	85.77M	83.86M	79.43M	75.10M

FHI Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$336.78M	$383.18M	$504.44M	$582.54M
Receivables	$94.01M	$124.42M	$106.22M	$89.78M
Current Assets	$651.03M	$720.73M	$781.35M	$863.79M
Total Assets	$2.02B	$2.10B	$2.08B	$2.23B
Current Liabilities	$257.41M	$287.34M	$289.19M	$314.14M
Long-Term Debt	$347.58M	$347.84M	$348.11M	$348.37M
Total Debt	$452.78M	$457.94M	$461.97M	$457.01M
Total Liabilities	$912.97M	$947.75M	$933.96M	$965.86M
Retained Earnings	$1.02B	$1.19B	$1.26B	$1.53B
Shareholders' Equity	$1.05B	$1.13B	$1.10B	$1.20B
Working Capital	$393.62M	$433.39M	$492.16M	$549.65M
Net Debt	$10.80M	—	—	—

FHI Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	$323.95M	$311.83M	$346.55M	$297.35M
Capital Expenditure	-$4.37M	-$7.92M	-$4.02M	-$2.76M
Free Cash Flow	$319.58M	$303.92M	$342.53M	$294.58M
Depreciation & Amortisation	$28.09M	$26.84M	$22.43M	$22.26M
Stock-Based Compensation	$35.51M	$33.95M	$28.78M	$29.13M
Investing Cash Flow	-$32.36M	-$30.61M	$64.25M	$2.01M
Financing Cash Flow	-$168.51M	-$243.09M	-$286.40M	-$237.88M
Dividends Paid	-$97.92M	-$98.09M	-$184.81M	-$104.87M
Share Repurchases	-$218.14M	-$177.07M	-$137.62M	-$262.77M
Net Change in Cash	$123.08M	$38.13M	$124.41M	$61.47M

FHI Income statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Revenue	$424.84M	$469.45M	$482.83M	$478.96M	—
Cost of Revenue	$144.87M	$144.56M	$144.98M	$154.12M	—
Gross Profit	$279.97M	$324.88M	$337.85M	$324.84M	—
Selling, General & Admin	$157.56M	$175.22M	$187.16M	$187.70M	—
Operating Expenses	$159.38M	$191.88M	$198.80M	$195.09M	—
Operating Income	$120.59M	$133.01M	$139.05M	$129.75M	—
EBITDA	$139.63M	$149.14M	$149.11M	$138.21M	—
Pretax Income	$130.83M	$140.33M	$140.33M	$129.77M	—
Income Tax	$34.13M	$34.23M	$32.90M	$33.82M	—
Net Income	$91.00M	$104.13M	$107.04M	$96.38M	—
Diluted EPS	1.16	1.34	1.39	1.27	1.38
Diluted Shares	75.07M	74.06M	73.80M	72.65M	71.95M

FHI Balance Sheet statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Cash & Equivalents	$387.57M	$370.99M	$506.28M	$582.54M	$513.88M
Receivables	$103.01M	$102.45M	$102.42M	$89.78M	$93.70M
Current Assets	$678.57M	$760.68M	$802.34M	$863.79M	$788.57M
Total Assets	$2.00B	$2.15B	$2.18B	$2.23B	$2.14B
Current Liabilities	$222.99M	$225.73M	$256.40M	$314.14M	$240.68M
Long-Term Debt	$348.17M	$348.24M	$348.30M	$348.37M	$348.43M
Total Debt	$459.10M	$460.50M	$460.85M	$457.01M	$450.51M
Total Liabilities	$858.72M	$874.49M	$931.47M	$965.86M	$880.97M
Retained Earnings	$1.32B	$1.38B	$1.46B	$1.53B	$1.59B
Shareholders' Equity	$1.08B	$1.11B	$1.19B	$1.20B	$1.20B
Working Capital	$455.58M	$534.95M	$545.94M	$549.65M	$547.89M

FHI Cash Flow statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Operating Cash Flow	$14.30M	$18.79M	$103.06M	$161.20M	$28.85M
Capital Expenditure	-$972.00K	-$786.00K	-$1.43M	—	-$4.84M
Free Cash Flow	$13.33M	$18.00M	$101.63M	$161.63M	$24.00M
Depreciation & Amortisation	$5.42M	$5.64M	$5.63M	$5.57M	$5.25M
Stock-Based Compensation	$11.12M	$6.39M	$5.67M	$5.95M	$12.27M
Investing Cash Flow	-$1.53M	-$16.02M	$5.45M	$14.10M	$1.16M
Financing Cash Flow	-$137.57M	-$31.69M	$29.86M	-$98.49M	-$97.25M
Dividends Paid	-$25.30M	-$26.85M	-$26.36M	-$26.36M	-$25.95M
Share Repurchases	-$120.13M	-$65.52M	-$21.00K	-$77.10M	-$64.72M
Net Change in Cash	-$124.80M	-$28.92M	$138.37M	$76.81M	-$67.24M

Market Snapshot

About

Federated Hermes, Inc. is a global investment management firm offering a range of investment products and services. The company manages equity, fixed-income, alternative, and multi-asset portfolios for institutional and individual investors worldwide. Federated Hermes is recognized for expertise in money market funds, municipal bonds, and equity strategies. The firm has expanded into environmental, social, and governance (ESG) investing and engagement services. Federated Hermes operates through institutional, intermediary, and separate account channels. The company serves corporations, government entities, insurance companies, foundations, and individual investors through financial advisors and retirement plans.