Jun 2026 (Q2 FY26) — Jul 31, 2026
Federated Hermes Q2 FY26 — Record AUM Driven by Equity and Private Markets Growth
Read the full callFederated Hermes (FHI) earnings
- Jun 2026
- Jun 2026 (Q2 FY26)
- Dec 2025
Federated Hermes earnings: last reported Fri, 31 Jul 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 503 | +18.3% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 26.4 | −1.1 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 104 | +14.6% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Price
$55.25 −1.22% · −$0.68
Performance +7.3% 1Y
1Y: $51.51 on 17 Oct 2025 → $55.25. High $65.39 (25 Aug 2026), low $47.3 (30 Oct 2025).
- Previous close
- $55.93
- 52-week range
- $47.3 – $65.39
- One year
- +6.76%
Overview
- Symbol
- FHI
- Sector
- Financials
- Exchange
- US
- Currency
- USD
Call summaries
Mar 2026 (Q1 FY26) — May 1, 2026
Federated Hermes Q1 FY26 — Record AUM and Strong Equity Sales Driven by MDT Strategies
Read the full callEvery analysed call
Federated Hermes earnings calls (FHI)
Financials
What the filings say
Net profit, year on year: +15% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 408 | 425 | 424 | 425 | 469 | 483 | 479 | 503 |
| Operating profit | 112 | 110 | 132 | 117 | 129 | 136 | 126 | 133 |
| Operating margin | 27.4% | 26.0% | 31.1% | 27.6% | 27.6% | 28.1% | 26.4% | 26.4% |
| Other income | 11 | 2 | 4 | 14 | 11 | 5 | 3 | 11 |
| Profit before tax | 123 | 112 | 136 | 131 | 140 | 140 | 130 | 144 |
| Tax rate | 26.3% | 25.4% | 23.6% | 26.1% | 24.4% | 23.4% | 26.1% | 25.8% |
| Net profit | 88 | 85 | 101 | 91 | 104 | 107 | 96 | 104 |
| EPS ($ per share) | 1.06 | — | 1.25 | 1.16 | 1.34 | — | 1.27 | 1.38 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Reserves | 792 | 930 | 1,028 | 1,187 | 1,016 | 1,195 | 1,257 | 1,531 |
| Total liabilities | 504 | 627 | 687 | 841 | 913 | 948 | 934 | 966 |
| Fixed assets | 53 | 52 | 53 | 47 | 36 | 31 | 26 | 25 |
| Total assets | 1,544 | 1,880 | 2,061 | 2,018 | 2,020 | 2,102 | 2,085 | 2,229 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 206 | 335 | 373 | 170 | 324 | 312 | 347 | 297 |
| Cash from investing | -174 | -95 | -25 | 11 | -32 | -31 | 64 | 2 |
| Cash from financing | -186 | -153 | -295 | -249 | -169 | -243 | -286 | -238 |
| Net cash flow | -159 | 92 | 59 | -71 | 103 | 46 | 121 | 77 |
| Capital expenditure | -17 | -15 | -13 | -10 | -4 | -8 | -4 | -3 |
| Free cash flow | 189 | 320 | 360 | 160 | 320 | 304 | 343 | 295 |
FHI revenue by segment
| Segment | Q3 FY2024 | Q4 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Federated Hermes Funds | 84% | 85% | 84% | 84% | 84% | 84% | 85% | 84% | +18.7% |
| Investment Advisory Management and Administrative Service | 67% | 68% | 68% | 68% | 66% | 65% | 67% | 67% | +17.5% |
| Administrative Service | 24% | 23% | 24% | 24% | 23% | 23% | 23% | 22% | +8.3% |
| Separateaccounts | 14% | 14% | 15% | 15% | 14% | 13% | 14% | 14% | +12.4% |
| Financial Service Other | 9% | 9% | 8% | 8% | 11% | 12% | 10% | 11% | +53.7% |
| Other | 1% | 1% | 1% | 1% | 2% | 3% | 1% | 2% | +64.5% |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
FHI operating KPIs by quarter
| KPI | Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|
| Assets under management (AUM) | $907BWe ended Q1 with record assets under management of $907 billion led by gains in equity and money market strategies.Source: earnings call transcript | $912BWe 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 | $101BEquity assets closed Q1 at a record high of $101 billion.Source: earnings call transcript | $110BEquity assets closed the second quarter at a record high of $110 billion.Source: earnings call transcript | +8.9% |
| Long-term net inflows Equity | $2.2BDuring 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 | -$1.1BEquity 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 | <$100BAssets 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 | $341MThe M2 MDT Market Neutral Fund and recently launched ETF combined for $341 million in net sales.Source: earnings call transcript | $150MThe 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.
Revenue by region
Q2 FY2026 · share of revenue
- US 88% ↑ 3 pt
- Non Us 12% ↓ 3 pt
As FHI cuts its regions in its filings; they can nest, so they need not add to 100%.
Insider filings
56 filings between Nov 3, 2025 and Oct 15, 2026.
Open market
decisions to buy or sellPurchases
None
No insider bought shares.
Sales
$13.04M
32 sales by 10 insiders
Compensation
not trading decisions- 22
- Award — granted as compensation
Also filed: 2 gifts.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Uhlman Paul A | — | $5.46M | Jun 16, 2026 |
| Nusseibeh Saker Anwar | — | $2.57M | Aug 4, 2026 |
| DONAHUE THOMAS R | — | $1.71M | Mar 13, 2026 |
| Germain Peter J | — | $1.18M | Aug 20, 2026 |
| Novak Richard A | — | $882.3K | Mar 5, 2026 |
| FISHER JOHN B | — | $365.6K | Nov 19, 2025 |
| Dudiak Dolores D | — | $309.0K | Dec 12, 2025 |
| Burke Bryan M | — | $216.8K | May 7, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Oct 15, 2026 | DONAHUE THOMAS R VP, CFO & Treasurer | Gift | 17,670 | $0 |
| Aug 20, 2026 | Germain Peter J EVP, CLO & Sec. | Sale | 5,000 | $315.9K |
| Aug 4, 2026 | Nusseibeh Saker Anwar CEO, Federated Hermes Limited | Sale | 630 | $40.8K |
| Aug 4, 2026 | Nusseibeh Saker Anwar CEO, Federated Hermes Limited | Sale | 6,400 | $410.8K |
| Jun 23, 2026 | Van Meter Stephen VP, Chief Compliance Officer | Sale | 1,682 | $100.3K |
| Jun 16, 2026 | Uhlman Paul A Vice President | Sale | 6,145 | $360.5K |
| Jun 8, 2026 | Nusseibeh Saker Anwar CEO, Federated Hermes Limited | Sale | 8,950 | $513.2K |
| May 26, 2026 | Uhlman Paul A Vice President | Sale | 1,021 | $56.5K |
| May 26, 2026 | Germain Peter J EVP, CLO & Sec. | Sale | 409 | $22.6K |
| May 18, 2026 | DONAHUE THOMAS R VP, CFO & Treasurer | Gift | 31,200 | $0 |
| May 15, 2026 | Germain Peter J EVP, CLO & Sec. | Sale | 5,000 | $271.5K |
| May 7, 2026 | Burke Bryan M Vice President | Sale | 4,000 | $216.8K |
| May 4, 2026 | Uhlman Paul A Vice President | Award | 40,000 | $0 |
| May 4, 2026 | Burke Bryan M Vice President | Award | 35,000 | $0 |
| May 1, 2026 | Hanlon Karen Director | Award | 2,000 | $0 |
| May 1, 2026 | BARTOLACCI JOSEPH C Director | Award | 2,000 | $0 |
| May 1, 2026 | Jones Marie Milie Director | Award | 2,000 | $0 |
| Mar 13, 2026 | DONAHUE THOMAS R VP, CFO & Treasurer | Sale | 30,000 | $1.71M |
| Mar 12, 2026 | Uhlman Paul A Vice President | Sale | 62,105 | $3.49M |
| Mar 12, 2026 | Uhlman Paul A Vice President | Sale | 10,287 | $583.5K |
| Mar 5, 2026 | Van Meter Stephen VP, Chief Compliance Officer | Award | 1,448 | $0 |
| Mar 5, 2026 | Van Meter Stephen VP, Chief Compliance Officer | Sale | 448 | $25.3K |
| Mar 5, 2026 | Dudiak Dolores D Vice President | Award | 2,317 | $0 |
| Mar 5, 2026 | Nusseibeh Saker Anwar CEO, Federated Hermes Limited | Award | 10,609 | $0 |
| Mar 5, 2026 | Nusseibeh Saker Anwar CEO, Federated Hermes Limited | Sale | 6,161 | $348.1K |
| Mar 5, 2026 | Uhlman Paul A Vice President | Award | 20,684 | $0 |
| Mar 5, 2026 | DONAHUE J CHRISTOPHER Chairman, President & CEO | Award | 34,904 | $0 |
| Mar 5, 2026 | Uhlman Paul A Vice President | Sale | 11,739 | $663.6K |
| Mar 5, 2026 | Novak Richard A Principal Accounting Officer | Award | 2,576 | $0 |
| Mar 5, 2026 | DONAHUE THOMAS R VP, CFO & Treasurer | Award | 28,544 | $0 |
| Mar 5, 2026 | Novak Richard A Principal Accounting Officer | Sale | 867 | $49.0K |
| Mar 5, 2026 | Zierden Theodore W III Vice President | Award | 8,894 | $0 |
| Feb 17, 2026 | Novak Richard A Principal Accounting Officer | Sale | 14,000 | $773.5K |
| Feb 2, 2026 | Nusseibeh Saker Anwar CEO, Federated Hermes Limited | Sale | 4,600 | $246.4K |
| Feb 2, 2026 | Nusseibeh Saker Anwar CEO, Federated Hermes Limited | Sale | 1,200 | $64.8K |
| Dec 12, 2025 | Dudiak Dolores D Vice President | Sale | 5,000 | $261.2K |
| Nov 19, 2025 | Dudiak Dolores D Vice President | Sale | 999 | $47.8K |
| Nov 19, 2025 | Novak Richard A Principal Accounting Officer | Sale | 1,249 | $59.8K |
| Nov 19, 2025 | Germain Peter J EVP, CLO & Sec. | Sale | 6,856 | $328.1K |
| Nov 19, 2025 | FISHER JOHN B Vice President | Sale | 7,638 | $365.6K |
| Nov 19, 2025 | Van Meter Stephen VP, Chief Compliance Officer | Sale | 707 | $33.8K |
| Nov 19, 2025 | Uhlman Paul A Vice President | Sale | 6,496 | $310.8K |
| Nov 19, 2025 | Zierden Theodore W III Vice President | Sale | 3,721 | $178.0K |
| Nov 19, 2025 | Nusseibeh Saker Anwar CEO, Federated Hermes Limited | Sale | 4,461 | $213.4K |
| Nov 18, 2025 | Novak Richard A Principal Accounting Officer | Award | 2,500 | $7.5K |
| Nov 18, 2025 | Germain Peter J EVP, CLO & Sec. | Award | 18,000 | $54.0K |
| Nov 18, 2025 | FISHER JOHN B Vice President | Award | 18,000 | $54.0K |
| Nov 18, 2025 | Van Meter Stephen VP, Chief Compliance Officer | Award | 3,000 | $9.0K |
| Nov 18, 2025 | Uhlman Paul A Vice President | Award | 18,000 | $54.0K |
| Nov 18, 2025 | Zierden Theodore W III Vice President | Award | 18,000 | $54.0K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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