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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	1,743	1,632	1,610	1,446	1,300	1,448
Revenue	1,743	1,632	1,610	1,446	1,300	1,448
Revenue Growth (YoY)	8.98%	1.40%	11.33%	11.18%	-10.21%	9.15%
Cost of Revenue	569.87	540.49	563.39	512.71	532.49	503.4
Gross Profit	1,173	1,092	1,046	933.1	767.96	944.87
Selling, General & Admin	665.9	632.63	608.39	526.83	368.15	497.54
Other Operating Expenses	20.51	33.68	53.65	37.95	33.53	29.18
Operating Expenses	686.41	666.31	662.04	564.79	401.68	526.72
Operating Income	486.24	425.3	384.15	368.32	366.27	418.15
Interest Expense	-12.72	-12.67	-12.52	-11.07	-1.79	-2.68
Interest & Investment Income	25.98	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)	-0.06	0.14	0.56	0.22	-0.9	8.4
EBT Excluding Unusual Items	501.94	441.34	398.15	366.44	366.76	427.99
Gain (Loss) on Sale of Investments	17.58	6.6	13.18	-28.7	9.53	18.07
Asset Writedown	-	-66.33	-	-31.52	-	-
Pretax Income	519.53	381.61	411.33	306.22	376.29	446.06
Income Tax Expense	129.01	113.18	106.55	71.66	103.98	110.04
Earnings From Continuing Operations	390.52	268.43	304.78	234.56	272.31	336.02
Minority Interest in Earnings	-9.54	-0.12	-5.8	4.93	-2.02	-9.66
Net Income	380.98	268.31	298.98	239.5	270.29	326.36
Preferred Dividends & Other Adjustments	16.99	11.61	13.98	11.83	10.86	12.52
Net Income to Common	363.98	256.71	285	227.67	259.44	313.85
Net Income Growth	43.34%	-10.26%	24.84%	-11.39%	-17.18%	19.84%
Shares Outstanding (Basic)	76	79	84	86	94	97
Shares Outstanding (Diluted)	76	79	84	86	94	97
Shares Change (YoY)	-5.12%	-5.29%	-2.22%	-8.54%	-2.83%	-0.78%
EPS (Basic)	4.77	3.23	3.40	2.65	2.77	3.25
EPS (Diluted)	4.77	3.23	3.40	2.65	2.75	3.23
EPS Growth	50.93%	-4.96%	28.25%	-3.63%	-14.79%	20.14%
Free Cash Flow	259.15	342.53	303.92	319.58	154.64	359.74
Free Cash Flow Per Share	3.40	4.31	3.62	3.73	1.65	3.73
Dividend Per Share	1.300	1.210	1.110	1.080	1.080	1.080
Dividend Growth	10.17%	9.01%	2.78%	-	-	-
Gross Margin	67.30%	66.88%	65.00%	64.54%	59.05%	65.24%
Operating Margin	27.90%	26.06%	23.87%	25.47%	28.17%	28.87%
Profit Margin	20.89%	15.73%	17.71%	15.75%	19.95%	21.67%
Free Cash Flow Margin	14.87%	20.99%	18.88%	22.10%	11.89%	24.84%
EBITDA	508.48	447.73	410.98	396.4	396.28	448.08
EBITDA Margin	29.18%	27.43%	25.53%	27.42%	30.47%	30.94%
D&A For EBITDA	22.24	22.43	26.84	28.09	30.01	29.93
EBIT	486.24	425.3	384.15	368.32	366.27	418.15
EBIT Margin	27.90%	26.06%	23.87%	25.47%	28.17%	28.87%
Effective Tax Rate	24.83%	29.66%	25.90%	23.40%	27.63%	24.67%
Revenue as Reported	1,743	1,632	1,610	1,446	1,300	1,448
Advertising Expenses	-	24.09	22.99	20.93	21.6	15.83

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q