Federated Hermes (FHI) Revenue & Revenue Breakdown

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Federated Hermes Revenue Highlights

Latest Revenue (Y)

$1.80B

Latest Revenue (Q)

$469.45M

Main Segment (Y)

Federated Hermes Funds

Main Geography (Y)

UNITED STATES

Federated Hermes Revenue by Period

Federated Hermes Revenue by Year

Date	Revenue	Change
2025-12-31	$1.80B	10.33%
2024-12-31	$1.63B	1.40%
2023-12-31	$1.61B	11.33%
2022-12-31	$1.45B	11.18%
2021-12-31	$1.30B	-10.21%
2020-12-31	$1.45B	9.15%
2019-12-31	$1.33B	16.84%
2018-12-31	$1.14B	2.97%
2017-12-31	$1.10B	-3.54%
2016-12-31	$1.14B	23.39%
2015-12-31	$926.61M	7.84%
2014-12-31	$859.25M	-2.18%
2013-12-31	$878.37M	-7.12%
2012-12-31	$945.71M	5.65%
2011-12-31	$895.11M	100.00%
2010-12-31	-	-100.00%
2009-12-31	$1.04M	-76.91%
2008-12-31	$4.49M	-33.45%
2007-12-31	$6.75M	-29.16%
2006-12-31	$9.53M	100.00%
2005-12-31	-	100.00%
2004-12-31	-	100.00%
2003-12-31	-	100.00%
2002-12-31	-	100.00%
2001-12-31	-	100.00%
2000-12-31	-	100.00%
1999-12-31	-	100.00%
1998-12-31	-	100.00%
1997-12-31	-	-

Federated Hermes generated $1.80B in revenue during NA 2025, up 10.33% compared to the previous quarter, and up 124.33% compared to the same period a year ago.

Federated Hermes Revenue by Quarter

Date	Revenue	Change
2025-09-30	$469.45M	10.50%
2025-06-30	$424.84M	0.31%
2025-03-31	$423.54M	-0.27%
2024-12-31	$424.68M	3.97%
2024-09-30	$408.46M	1.59%
2024-06-30	$402.06M	1.10%
2024-03-31	$397.70M	1.59%
2023-12-31	$391.50M	-2.77%
2023-09-30	$402.66M	-7.06%
2023-06-30	$433.23M	13.36%
2023-03-31	$382.19M	2.22%
2022-12-31	$373.90M	-1.90%
2022-09-30	$381.14M	4.14%
2022-06-30	$366.01M	12.70%
2022-03-31	$324.76M	0.97%
2021-12-31	$321.64M	-1.51%
2021-09-30	$326.59M	5.00%
2021-06-30	$311.04M	-8.83%
2021-03-31	$341.17M	-6.25%
2020-12-31	$363.92M	-0.15%
2020-09-30	$364.45M	1.04%
2020-06-30	$360.71M	0.43%
2020-03-31	$359.18M	0.32%
2019-12-31	$358.02M	5.20%
2019-09-30	$340.34M	5.87%
2019-06-30	$321.48M	4.70%
2019-03-31	$307.05M	-0.05%
2018-12-31	$307.22M	-0.45%
2018-09-30	$308.62M	20.56%
2018-06-30	$255.99M	-2.98%
2018-03-31	$263.85M	-5.20%
2017-12-31	$278.31M	-0.00%
2017-09-30	$278.31M	2.02%
2017-06-30	$272.80M	-0.26%
2017-03-31	$273.50M	-5.66%
2016-12-31	$289.90M	-1.60%
2016-09-30	$294.62M	2.75%
2016-06-30	$286.74M	5.38%
2016-03-31	$272.11M	11.69%
2015-12-31	$243.64M	3.98%
2015-09-30	$234.32M	2.72%
2015-06-30	$228.13M	3.45%
2015-03-31	$220.52M	1.22%
2014-12-31	$217.86M	0.43%
2014-09-30	$216.91M	1.85%
2014-06-30	$212.98M	0.70%
2014-03-31	$211.50M	-1.50%
2013-12-31	$214.72M	1.35%
2013-09-30	$211.87M	-5.33%
2013-06-30	$223.81M	-1.83%
2013-03-31	$227.97M	-6.88%
2012-12-31	$244.82M	2.67%
2012-09-30	$238.47M	2.73%
2012-06-30	$232.13M	0.80%
2012-03-31	$230.28M	6.41%
2011-12-31	$216.41M	1.10%
2011-09-30	$214.05M	-5.19%
2011-06-30	$225.78M	-5.49%
2011-03-31	$238.88M	-2.62%
2010-12-31	$245.32M	1.30%
2010-09-30	$242.17M	4.62%
2010-06-30	$231.48M	-0.64%
2010-03-31	$232.97M	-12.02%
2009-12-31	$264.81M	-9.81%
2009-09-30	$293.60M	-4.33%
2009-06-30	$306.89M	-1.21%
2009-03-31	$310.64M	2.94%
2008-12-31	$301.77M	-1.35%
2008-09-30	$305.91M	-1.42%
2008-06-30	$310.31M	1.51%
2008-03-31	$305.69M	1.65%
2007-12-31	$300.74M	-

Federated Hermes generated $469.45M in revenue during Q3 2025, up 10.50% compared to the previous quarter, and up 116.76% compared to the same period a year ago.

Federated Hermes Revenue Breakdown

Federated Hermes Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Dec 25	Dec 24	Dec 23	Dec 22	Dec 21
Federated Hermes Funds	$1.51B	$1.37B	$1.35B	$1.19B	$1.02B
Other	$33.02M	$17.97M	$16.03M	-	-
Separate accounts	$255.76M	$240.42M	$244.95M	$238.64M	$259.03M

Federated Hermes's latest annual revenue breakdown by segment (product or service), as of Dec 25: Federated Hermes Funds (83.96%), Separate accounts (14.20%), and Other (1.83%).

Quarterly Revenue by Product

Product/Service	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21
Other	$13.09M	$10.51M	$5.31M	$4.10M	$4.83M	$4.79M	$4.42M	$3.93M	$11.68M	$4.36M	-	-	-	-	-	-	-	-	-	-
Separate accounts	$63.93M	$65.65M	$62.09M	$64.09M	$60.54M	$58.87M	$59.51M	$61.50M	$60.84M	$61.10M	$60.92M	$62.09M	$58.04M	$57.25M	$60.58M	$62.77M	$63.59M	$66.40M	$65.18M	$63.85M
Federated Hermes Funds	$405.81M	$393.28M	$357.45M	$355.35M	$359.32M	$344.80M	$338.65M	$330.94M	$326.84M	$337.20M	$368.61M	$315.93M	$311.02M	$319.68M	$300.90M	$257.33M	$252.83M	$256.04M	$242.05M	$274.00M

Federated Hermes's latest quarterly revenue breakdown by segment (product or service), as of Dec 25: Federated Hermes Funds (84.05%), Separate accounts (13.24%), and Other (2.71%).

Federated Hermes Revenue Breakdown by Country

Annual Revenue by Country

Country	Dec 25	Dec 24	Dec 23	Dec 22	Dec 21
Non-US	$242.84M	$247.53M	$317.62M	$286.44M	$346.83M
UNITED STATES	$1.56B	$1.38B	$1.29B	$1.16B	$953.62M

Federated Hermes's latest annual revenue breakdown by geography, as of Dec 25: UNITED STATES (86.51%), and Non-US (13.49%).

Quarterly Revenue by Country

Country	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21
Non-US	$65.03M	$65.67M	$54.41M	$57.74M	$62.13M	$62.44M	$62.02M	$60.94M	$70.61M	$80.63M	$103.13M	$63.24M	$64.10M	$69.89M	$74.50M	$77.95M	$86.34M	$89.05M	$86.76M	$84.68M
UNITED STATES	$417.81M	$403.78M	$370.43M	$365.80M	$362.55M	$346.01M	$340.57M	$335.43M	$320.88M	$322.03M	$330.10M	$318.95M	$309.80M	$311.25M	$291.51M	$246.81M	$235.30M	$237.54M	$224.28M	$256.49M

Federated Hermes's latest quarterly revenue breakdown by geography, as of Dec 25: UNITED STATES (86.53%), and Non-US (13.47%).

Federated Hermes Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
FHI	Federated Hermes	$1.80B	$469.45M
UCB	United Community Banks	$1.54B	$276.85M
VCTR	Victory Capital	$1.31B	$361.19M
APAM	Artisan Partners Asset Management	$1.20B	$301.29M
GBDC	Golub Capital BDC	$858.81M	$203.49M
AGO	Assured Guaranty	$788.00M	$207.00M
CNS	Cohen & Steers	$567.80M	$141.72M
HTGC	Hercules Capital	$451.96M	$116.68M
AB	AllianceBernstein	$332.76M	-
FSK	FS KKR Capital	-	$260.00M

FHI Revenue FAQ

What is Federated Hermes’s yearly revenue?

Federated Hermes's yearly revenue for 2025 was $1.8B, representing an increase of 10.33% compared to 2024. The company's yearly revenue for 2024 was $1.63B, representing an increase of 1.40% compared to 2023. FHI's yearly revenue for 2023 was $1.61B, representing an increase of 11.33% compared to 2022.

What is Federated Hermes’s quarterly revenue?

Federated Hermes's quarterly revenue for Q3 2025 was $469.45M, a 10.50% increase from the previous quarter (Q2 2025), and a 14.93% increase year-over-year (Q3 2024). The company's quarterly revenue for Q2 2025 was $424.84M, a 0.31% increase from the previous quarter (Q1 2025), and a 5.67% increase year-over-year (Q2 2024). FHI's quarterly revenue for Q1 2025 was $423.54M, a -0.27% decrease from the previous quarter (Q4 2024), and a 6.50% increase year-over-year (Q1 2024).

What is Federated Hermes’s revenue growth rate?

Federated Hermes's revenue growth rate for the last 3 years (2023-2025) was 11.87%, and for the last 5 years (2021-2025) was 38.46%.

What are Federated Hermes’s revenue streams?

Federated Hermes's revenue streams in c 25 are Federated Hermes Funds, Other, and Separate accounts. Federated Hermes Funds generated $1.51B in revenue, accounting 83.96% of the company's total revenue, up 10.06% year-over-year. Other generated $33.02M in revenue, accounting 1.83% of the company's total revenue, up 83.74% year-over-year. Separate accounts generated $255.76M in revenue, accounting 14.20% of the company's total revenue, up 6.38% year-over-year.

What is Federated Hermes’s main source of revenue?

For the fiscal year ending Dec 25, the largest source of revenue of Federated Hermes was Federated Hermes Funds. This segment made a revenue of $1.51B, representing 83.96% of the company's total revenue.