Inve US ▾
FHFHI

Federated Hermes (FHI) Q1 FY26 earnings call

Earnings call· Mar 2026 (Q1 FY26)· Financials· May 1, 2026

Source: earnings call transcript

Federated Hermes achieved record AUM in Q1 FY26, primarily fueled by strong equity sales, particularly from its MDT quant strategies, and continued growth in money market assets. The firm is actively pursuing digital initiatives to enhance distribution and efficiency across its product offerings, including tokenized funds. While fixed income saw redemptions and a significant institutional equity mandate is internalizing, management remains focused on strategic acquisitions and capital returns, including a recent dividend increase and share repurchases.

You’re reading a preview. Opening the full call uses 1 concall credit.

Sign in to use your monthly call allowance.

FHI operating KPIs by quarter

FHI operating KPIs stated on its earnings calls, by fiscal quarter
KPIThis call Mar 2026 Q1 FY26 Jun 2026 Q2 FY26Change vs prior quarter
Assets under management (AUM)
$907B We ended Q1 with record assets under management of $907 billion led by gains in equity and money market strategies. Source: earnings call transcript
$912B We ended the second quarter with record assets under management of $912 billion, led by growth in equity and private market assets. Source: earnings call transcript
+0.6%
Assets under management (AUM) Equity
$101B Equity assets closed Q1 at a record high of $101 billion. Source: earnings call transcript
$110B Equity assets closed the second quarter at a record high of $110 billion. Source: earnings call transcript
+8.9%
Long-term net inflows Equity
$2.2B During Q1, equity assets increased by $2.9 billion or 3% from year-end driven by $2.2 billion in net sales. Source: earnings call transcript
-$1.1B Equity net redemptions in the second quarter were $1.1 billion, which included the expected global equity sub-advisory redemption of $3 billion that we discussed last quarter. Source: earnings call transcript
—
Long-term net inflows MDT Equity and Market-Neutral Strategies
$3.5B+ Equity sales results continue to be led by our MDT fundamental quant strategies, MDT equity and market-neutral strategies together had a record $5.8 billion of gross sales and over $3.5 billion in net sales in Q1. Source: earnings call transcript
$3.5B+ MDT equity and market-neutral strategies had a record $6 billion of gross sales and over $3.5 billion in net sales in the second quarter. Source: earnings call transcript
—
Assets under management (AUM) Fixed Income
<$100B Assets ended Q1 at just under $100 billion, down $329 million from year-end. Source: earnings call transcript
$100B+ Assets ended Q2 at just over $100 billion, up $689 million. Source: earnings call transcript
—
Long-term net inflows MDT Market Neutral Fund and ETF
$341M The M2 MDT Market Neutral Fund and recently launched ETF combined for $341 million in net sales. Source: earnings call transcript
$150M The MB2 Market Neutral Fund and its ETF combined for $150 million in net sales. Source: earnings call transcript
-56%

Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.

Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.