Federated Hermes, Inc. (FHI)

Federated Hermes Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	1,682	1,632	1,610	1,446	1,300	1,448
Revenue	1,682	1,632	1,610	1,446	1,300	1,448
Revenue Growth (YoY)	5.55%	1.40%	11.33%	11.18%	-10.21%	9.15%
Cost of Revenue	561.34	540.49	563.39	512.71	532.49	503.4
Gross Profit	1,120	1,092	1,046	933.1	767.96	944.87
Selling, General & Admin	644.86	632.63	608.39	526.83	368.15	497.54
Other Operating Expenses	6.8	33.68	53.65	37.95	33.53	29.18
Operating Expenses	651.66	666.31	662.04	564.79	401.68	526.72
Operating Income	468.53	425.3	384.15	368.32	366.27	418.15
Interest Expense	-12.71	-12.67	-12.52	-11.07	-1.79	-2.68
Interest & Investment Income	25.59	26.07	22.56	8.97	3.17	4.12
Currency Exchange Gain (Loss)	2.5	2.5	3.4	-	-	-
Other Non Operating Income (Expenses)	0.01	0.14	0.56	0.22	-0.9	8.4
EBT Excluding Unusual Items	483.92	441.34	398.15	366.44	366.76	427.99
Gain (Loss) on Sale of Investments	17.89	6.6	13.18	-28.7	9.53	18.07
Asset Writedown	-	-66.33	-	-31.52	-	-
Pretax Income	501.8	381.61	411.33	306.22	376.29	446.06
Income Tax Expense	127.04	113.18	106.55	71.66	103.98	110.04
Earnings From Continuing Operations	374.76	268.43	304.78	234.56	272.31	336.02
Minority Interest in Earnings	-10.37	-0.12	-5.8	4.93	-2.02	-9.66
Net Income	364.39	268.31	298.98	239.5	270.29	326.36
Preferred Dividends & Other Adjustments	14.46	11.61	13.98	11.83	10.86	12.52
Net Income to Common	349.93	256.71	285	227.67	259.44	313.85
Net Income Growth	43.88%	-10.26%	24.84%	-11.39%	-17.18%	19.84%
Shares Outstanding (Basic)	77	79	84	86	94	97
Shares Outstanding (Diluted)	77	79	84	86	94	97
Shares Change (YoY)	-5.14%	-5.29%	-2.22%	-8.54%	-2.83%	-0.78%
EPS (Basic)	4.52	3.23	3.40	2.65	2.77	3.25
EPS (Diluted)	4.52	3.23	3.40	2.65	2.75	3.23
EPS Growth	53.50%	-4.96%	28.25%	-3.63%	-14.79%	20.14%
Free Cash Flow	277.7	342.53	303.92	319.58	154.64	359.74
Free Cash Flow Per Share	3.59	4.31	3.62	3.73	1.65	3.73
Dividend Per Share	1.270	1.210	1.110	1.080	1.080	1.080
Dividend Growth	10.44%	9.01%	2.78%	-	-	-
Gross Margin	66.62%	66.88%	65.00%	64.54%	59.05%	65.24%
Operating Margin	27.86%	26.06%	23.87%	25.47%	28.17%	28.87%
Profit Margin	20.81%	15.73%	17.71%	15.75%	19.95%	21.67%
Free Cash Flow Margin	16.52%	20.99%	18.88%	22.10%	11.89%	24.84%
EBITDA	490.85	447.73	410.98	396.4	396.28	448.08
EBITDA Margin	29.19%	27.43%	25.53%	27.42%	30.47%	30.94%
D&A For EBITDA	22.32	22.43	26.84	28.09	30.01	29.93
EBIT	468.53	425.3	384.15	368.32	366.27	418.15
EBIT Margin	27.86%	26.06%	23.87%	25.47%	28.17%	28.87%
Effective Tax Rate	25.32%	29.66%	25.90%	23.40%	27.63%	24.67%
Revenue as Reported	1,682	1,632	1,610	1,446	1,300	1,448
Advertising Expenses	-	24.09	22.99	20.93	21.6	15.83

Updated Jul 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q