Form 8-K

8-K — FEDERATED HERMES, INC.

Accession: 0001056288-26-000024

Filed: 2026-07-30

Period: 2026-07-30

CIK: 0001056288

SIC: 6282 (INVESTMENT ADVICE)

Item: Results of Operations and Financial Condition

Item: Financial Statements and Exhibits

Documents

8-K — fhi-20260730.htm (Primary)

EX-99.1 (a991-2026q2earningspressre.htm)

GRAPHIC (fhipressreleaseimageq12020.gif)

XML — IDEA: XBRL DOCUMENT (R1.htm)

8-K

8-K (Primary)

Filename: fhi-20260730.htm · Sequence: 1

fhi-20260730

0001056288false00010562882026-07-302026-07-30

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): July 30, 2026

FEDERATED HERMES, INC.

(Exact name of registrant as specified in its charter)

Pennsylvania 001-14818 25-1111467

(State or other jurisdiction (Commission File Number) (I.R.S. Employer

of incorporation) Identification No.)

1001 Liberty Avenue

Pittsburgh, Pennsylvania 15222-3779

(Address of principal executive offices, including zip code)

(412) 288-1900

(Registrant's telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading Symbol(s) Name of each exchange on which registered

Class B common stock, no par value FHI New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

ITEM 2.02 RESULTS OF OPERATIONS AND FINANCIAL CONDITION.

On July 30, 2026, Federated Hermes, Inc. (Federated Hermes) issued the earnings press release attached hereto as Exhibit 99.1 to report second quarter 2026 results.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.

(d) Exhibits:

Exhibit 99.1

Earnings press release issued by Federated Hermes, Inc. dated July 30, 2026

Exhibit 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

FEDERATED HERMES, INC.

(REGISTRANT)

Date July 30, 2026 By: /s/ Thomas R. Donahue

Thomas R. Donahue

Chief Financial Officer

EX-99.1

Filename: a991-2026q2earningspressre.htm · Sequence: 2

Document

Exhibit 99.1

Federated Hermes, Inc. reports record assets under management with second quarter 2026 earnings

•Total assets under management reach a record $911.6 billion

•Equity assets reach a record $109.6 billion

•Q2 2026 earnings per diluted share of $1.38

•Board declares $0.38 per share dividend

(PITTSBURGH, Pa., July 30, 2026) — Federated Hermes, Inc. (NYSE: FHI), a global leader in active investing, today reported earnings per diluted share (EPS) of $1.38 for Q2 2026, compared to $1.16 for the same quarter last year, on net income of $104.3 million for Q2 2026, compared to $91.0 million for Q2 2025.

Federated Hermes' total managed assets were a record $911.6 billion at June 30, 2026, up $65.9 billion or 8% from $845.7 billion at June 30, 2025 and up $4.5 billion from $907.1 billion at March 31, 2026. Total average managed assets for Q2 2026 were $910.0 billion, up $72.7 billion or 9% from $837.3 billion for Q2 2025 and down $5.6 billion or 1% from $915.6 billion for Q1 2026.

"In addition to reaching record high equity assets in the second quarter, we achieved record gross sales across the range of our MDT suite of quantitative investment solutions, reaching all-time highs in MDT institutional separate accounts and SMAs (separately managed accounts). We also saw net positive MDT sales for the 14th consecutive quarter," said J. Christopher Donahue, president and chief executive officer.

"We continued to broaden our investment offerings by launching two new exchange-traded funds (ETFs) and introducing our first fund designed for use by participants in the blockchain ecosystem. We also expanded our private markets business by acquiring a majority interest in U.S. real estate manager FCP Fund Manager, L.P.," he said.

Federated Hermes' board of directors declared a dividend of $0.38 per share. The dividend is payable on Aug 14, 2026 to shareholders of record as of Aug 7, 2026. During Q2 2026, Federated Hermes purchased 1,119,805 shares of Federated Hermes class B common stock for $58.9 million.

Equity assets were a record $109.6 billion at June 30, 2026, up $20.6 billion or 23% from $89.0 billion at June 30, 2025 and up $8.8 billion or 9% from $100.8 billion at March 31, 2026. Top-selling equity funds during Q2 2026 on a net basis were Federated Hermes MDT Large Cap Growth Fund, Federated Hermes MDT Mid Cap Growth Fund, Federated Hermes MDT US Equity Fund, Federated Hermes MDT All Cap Core Fund and Federated Hermes MDT Small Cap Core Fund.

Fixed-income assets were $100.5 billion at June 30, 2026, up $1.8 billion or 2% from $98.7 billion at June 30, 2025 and up $0.7 billion or 1% from $99.8 billion at March 31, 2026. Top-selling fixed-income funds during Q2 2026 on a net basis were Federated Hermes Ultrashort Bond Fund, Federated Hermes Total Return Bond ETF, Federated Hermes Conservative Municipal Microshort Fund, Federated Hermes Adjustable Rate Fund and Federated Hermes Conservative Microshort Fund.

MEDIA: ANALYSTS:

Ed Costello 412-288-7538 Ray Hanley 412-288-1920

Federated Hermes reports Q2 2026 earnings

Page 2 of 13

Alternative/private markets assets were $21.6 billion at June 30, 2026, up $0.9 billion or 4% from $20.7 billion at June 30, 2025 and up $2.6 billion or 14% from $19.0 billion at March 31, 2026. The increase was primarily due to $3.2 billion of assets acquired through the FCP Fund Manager, L.P. (FCP) transaction.

Money market assets were $676.9 billion at June 30, 2026, up $42.5 billion or 7% from $634.4 billion at June 30, 2025 and down $7.8 billion or 1% from $684.7 billion at March 31, 2026. Money market fund assets were $499.9 billion at June 30, 2026, up $31.9 billion or 7% from $468.0 billion at June 30, 2025 and down $2.9 billion or 1% from $502.8 billion at March 31, 2026.

Financial Summary

Q2 2026 vs. Q2 2025

Revenue increased $77.9 million or 18% primarily due to an increase from higher average equity and money market assets as well as due to the FCP acquisition in Q2 2026 ($13.9 million).

During Q2 2026, Federated Hermes derived 50% of its revenue from money market assets, 48% from long-term assets (30% from equity, 10% from fixed-income, and 8% from alternative/private markets and multi-asset) and 2% from sources other than managed assets.

Operating expenses increased $62.1 million or 20% primarily due to a $22.4 million increase in distribution expenses resulting primarily from higher average money market fund assets, a $16.7 million increase in compensation and related expense, including $6.5 million of FCP-acquisition-related expenses, a $9.2 million increase in other expense primarily due to fluctuations in foreign currency exchange rates, and a $7.0 million increase in professional service fees including $4.7 million of FCP-acquisition-related expenses. Intangible asset related expenses increased $2.9 million, including $3.0 million of amortization of intangible assets associated with the FCP acquisition.

Nonoperating income (expenses), net for Q2 2026 decreased $2.6 million or 19% primarily due to a decrease in interest and dividend income.

Q2 2026 vs. Q1 2026

Revenue increased $23.8 million or 5% primarily due to the FCP acquisition in Q2 2026 ($13.9 million) and higher average equity assets.

Operating expenses increased $17.3 million or 5% primarily due to a $7.4 million increase in compensation and related expense including $6.5 million of FCP-acquisition-related expenses and a $4.3 million increase in professional service fees primarily due to the increase of FCP-acquisition-related expenses of $3.2 million. Intangible asset related expenses increased $3.0 million due to the amortization of intangible assets associated with the FCP acquisition.

Nonoperating income (expenses), net increased $7.7 million primarily due to a larger increase in the market value of investments in Q2 2026 as compared to the increase in the market value of the investments in Q1 2026.

YTD 2026 vs. YTD 2025

Revenue increased $133.3 million or 16% primarily due to an increase from higher average money market and equity assets and due to the FCP acquisition in Q2 2026 ($13.9 million).

Federated Hermes reports Q2 2026 earnings

Page 3 of 13

For the first half of 2026, Federated Hermes derived 52% of its revenue from money market assets, 47% from long-term assets (30% from equity, 10% from fixed-income, and 7% from alternative/private markets and multi-asset) and 1% from sources other than managed assets.

Operating expenses increased $123.0 million or 21% primarily due to a $49.0 million increase in distribution expenses resulting primarily from higher average money market fund assets, a $27.5 million increase in compensation and related expense primarily due to higher incentive compensation and $6.5 million of FCP-acquisition-related expenses, a $27.4 million increase in other expense primarily due to a value added tax (VAT) refund received in Q1 2025 related to amended VAT filings in the U.K. and fluctuations in foreign currency exchange rates, and a $9.8 million increase in professional service fees primarily due to $6.2 million in FCP-acquisition-related expenses and costs related to global technology projects. Intangible asset related expenses increased $3.1 million due primarily to $3.0 million related to the amortization of intangible assets associated with the FCP acquisition.

Nonoperating income (expenses), net decreased $3.4 million primarily due to a decrease in interest and dividend income.

Earnings call information

Federated Hermes will host an earnings conference call at 9 a.m. Eastern on Friday, July 31, 2026. Investors are invited to listen to the earnings teleconference by calling 877-545-0523 (domestic) or 973-528-0016 (international) prior to the 9 a.m. start time. To listen online, go to the About section of FederatedHermes.com/us to register and join the call. A replay will be available at approximately 12:30 p.m. Eastern on July 31, 2026. To access the telephone replay, dial 877-481-4010 (domestic) or 919-882-2331 (international) and enter access code 54241. The online replay will be available via FederatedHermes.com/us for one year.

About Federated Hermes

Federated Hermes, Inc. is a global leader in active investment management, with $911.6 billion in assets under management1. We deliver investment solutions that help investors target a broad range of outcomes and provide equity, fixed-income, alternative/private markets, multi-asset and liquidity management strategies to more than 11,000 institutions and intermediaries worldwide. Our clients include corporations, government entities, insurance companies, foundations and endowments, banks and broker/dealers. Headquartered in Pittsburgh, Federated Hermes has more than 2,200 employees in London, New York, Boston and offices worldwide.

Federated Hermes ranks in the top 5% of equity fund managers, the top 8% of money market fund managers and the top 11% of fixed-income fund managers2 in the industry. Federated Hermes also ranks as the 9th-largest manager of model-delivered separately managed accounts3. For more information, including an analyst presentation, which is updated periodically, visit FederatedHermes.com/us.

###

1) As of June 30, 2026.

2) Morningstar, June 30, 2026. Based on U.S. fund flows rankings.

3) Money Management Institute/Cerulli Q1 2026.

Federated Securities Corp. is distributor of the Federated Hermes funds.

Separately managed accounts are made available through Federated Global Investment Management Corp., Federated Investment Counseling, Federated MDTA LLC, Hermes Fund Managers Ireland Limited, Hermes Investment Management Limited, Hermes GPE LLP, and Federated Hermes FCP Manager, LLC, each a registered investment advisor in one or more of the U.S., U.K. or Ireland.

Federated Hermes reports Q2 2026 earnings

Page 4 of 13

Cautionary statements

Certain statements in this press release, such as those related to performance, investment strategies, opportunities to meet client needs, investment offerings, investor preferences and demand, asset flows and asset mix constitute or may constitute forward-looking statements, which involve known and unknown risks, uncertainties and other factors that may cause the actual results, levels of activity, performance or achievements of the company, or industry results, to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements can include statements that do not relate strictly to historical or current facts and are typically identified by words or phrases such as “trend,” “forecast,” “project,” “predict,” “potential,” “approximate,” “opportunity,” “believe,” “expect,” “anticipate,” “current,” “intention,” “estimate,” “position,” “projection,” “plan,” “assume,” “continue,” “remain,” “maintain,” “sustain,” “seek,” “achieve,” and similar expressions, or future or conditional verbs such as “will,” “would,” “should,” “could,” “can,” “may,” and similar expressions. Any forward-looking statement, and Federated Hermes' level of business activity and financial results, are inherently subject to significant business, market, economic, competitive, regulatory and other risks and uncertainties, many of which are difficult to predict and beyond Federated Hermes’ control. Other risks and uncertainties include the ability of the company to predict the level of fee waivers and expenses in future quarters, predict whether performance fees or carried interest will be earned and retained, the ability of the company to sustain product demand, the timing and level of product sales and redemptions, market appreciation or depreciation, revenues, and asset levels, flows and mix, which could vary significantly depending on various factors, such as market conditions, investment performance and investor behavior. Other risks and uncertainties include the risk factors discussed in the company's annual and quarterly reports as filed with the Securities and Exchange Commission. As a result, no assurance can be given as to future results, levels of activity, performance or achievements, and neither the company nor any other person assumes responsibility for the accuracy and completeness, or updating, of such statements in the future.

Federated Hermes reports Q2 2026 earnings

Page 5 of 13

Unaudited Condensed Consolidated Statements of Income

(in thousands, except per share data)

Quarter Ended % Change Q2 2025 to Q2 2026 Quarter Ended % Change Q1 2026 to Q2 2026

June 30, 2026 June 30, 2025 March 31, 2026

Revenue

Investment advisory fees, net $ 337,721 $ 287,435 17 % $ 319,408 6 %

Administrative service fees, net—affiliates 110,117 101,657 8 110,285 0

Other service fees, net 54,938 35,752 54 49,264 12

Total Revenue 502,776 424,844 18 478,957 5

Operating Expenses

Compensation and related 161,528 144,872 11 154,119 5

Distribution 121,766 99,399 23 125,745 (3)

Systems and communications 25,950 23,481 11 26,463 (2)

Professional service fees 25,610 18,628 37 21,336 20

Office and occupancy 9,836 9,910 (1) 10,062 (2)

Advertising and promotional 7,329 6,146 19 4,098 79

Intangible asset related 6,384 3,503 82 3,422 87

Travel and related 4,558 4,117 11 3,850 18

Other 6,934 (2,296) 402 3,531 96

Total Operating Expenses 369,895 307,760 20 352,626 5

Operating Income 132,881 117,084 13 126,331 5

Nonoperating Income (Expenses)

Investment income (loss), net 14,330 16,947 (15) 6,653 115

Debt expense (3,159) (3,170) 0 (3,185) (1)

Other, net (22) (35) (37) (30) (27)

Total Nonoperating Income (Expenses), net 11,149 13,742 (19) 3,438 224

Income before income taxes 144,030 130,826 10 129,769 11

Income tax provision 37,216 34,135 9 33,823 10

Net income including the noncontrolling interests in subsidiaries 106,814 96,691 10 95,946 11

Less: Net income (loss) attributable to the noncontrolling interests in subsidiaries 2,496 5,691 (56) (432) NM

Net Income $ 104,318 $ 91,000 15 % $ 96,378 8 %

Amounts Attributable to Federated Hermes, Inc.

Earnings Per Share1

Basic and diluted $ 1.38 $ 1.16 19 % $ 1.27 9 %

Weighted-Average Shares Outstanding

Basic 71,944 75,064 72,648

Diluted 71,947 75,072 72,650

Dividends Declared Per Share $ 0.38 $ 0.34 $ 0.34

1) Unvested share-based awards that receive non-forfeitable dividend rights are deemed participating securities and are required to be considered in the computation of earnings per share under the "two-class method." As such, total net income of $4.8 million, $4.1 million and $4.4 million available to unvested restricted Federated Hermes shareholders for the quarterly periods ended June 30, 2026, June 30, 2025 and March 31, 2026, respectively, was excluded from the computation of earnings per share.

Federated Hermes reports Q2 2026 earnings

Page 6 of 13

Unaudited Condensed Consolidated Statements of Income

(in thousands, except per share data)

Six Months Ended

June 30, 2026 June 30, 2025 % Change

Revenue

Investment advisory fees, net $ 657,129 $ 574,895 14 %

Administrative service fees, net—affiliates

220,402 202,766 9

Other service fees, net 104,202 70,723 47

Total Revenue 981,733 848,384 16

Operating Expenses

Compensation and related 315,647 288,143 10

Distribution 247,510 198,484 25

Systems and communications 52,413 47,707 10

Professional service fees 46,946 37,176 26

Office and occupancy 19,898 19,862 0

Advertising and promotional 11,427 10,722 7

Intangible asset related 9,805 6,699 46

Travel and related 8,408 7,670 10

Other 10,467 (16,935) 162

Total Operating Expenses 722,521 599,528 21

Operating Income 259,212 248,856 4

Nonoperating Income (Expenses)

Investment income (loss), net 20,984 24,422 (14)

Debt expense (6,344) (6,349) 0

Other, net (53) (62) (15)

Total Nonoperating Income (Expenses), net 14,587 18,011 (19)

Income before income taxes 273,799 266,867 3

Income tax provision

71,039 66,300 7

Net income including the noncontrolling interests in subsidiaries 202,760 200,567 1

Less: Net income (loss) attributable to the noncontrolling interests in subsidiaries 2,064 8,433 (76)

Net Income $ 200,696 $ 192,134 4 %

Amounts Attributable to Federated Hermes, Inc.

Earnings Per Share1

Basic and diluted $ 2.65 $ 2.40 10 %

Weighted-Average Shares Outstanding

Basic 72,294 76,296

Diluted 72,297 76,300

Dividends Declared Per Share $ 0.72 $ 0.65

1) Unvested share-based awards that receive non-forfeitable dividend rights are deemed participating securities and are required to be considered in the computation of earnings per share under the "two-class method." As such, total net income of $9.1 million and $8.7 million available to unvested restricted Federated Hermes shareholders for the six months ended June 30, 2026 and June 30, 2025, respectively, was excluded from the computation of earnings per share.

Federated Hermes reports Q2 2026 earnings

Page 7 of 13

Unaudited Condensed Consolidated Balance Sheets

(in thousands) June 30, 2026 Dec. 31, 2025

Assets

Cash and other investments $ 480,710 $ 724,297

Other current assets 179,795 139,495

Intangible assets, net, including goodwill 1,502,875 1,183,612

Other long-term assets 166,774 181,933

Total Assets $ 2,330,154 $ 2,229,337

Liabilities, Redeemable Noncontrolling Interests and Equity

Current liabilities $ 254,800 $ 314,141

Long-term debt 348,499 348,369

Other long-term liabilities 330,001 303,350

Redeemable noncontrolling interests 144,164 66,529

Equity excluding treasury stock 2,226,526 2,070,162

Treasury stock (973,836) (873,214)

Total Liabilities, Redeemable Noncontrolling Interests and Equity $ 2,330,154 $ 2,229,337

Federated Hermes reports Q2 2026 earnings

Page 8 of 13

Unaudited Changes in Long-Term Assets - By Asset Class

(in millions) Quarter Ended Six Months Ended

June 30, 2026 March 31, 2026 June 30, 2025 June 30, 2026 June 30, 2025

Equity

Beginning assets $ 100,832 $ 97,898 $ 80,913 $ 97,898 $ 79,423

Sales1

9,062 9,091 7,961 18,153 15,373

Redemptions1

(10,202) (6,878) (6,180) (17,080) (12,173)

Net sales (redemptions)1

(1,140) 2,213 1,781 1,073 3,200

Net exchanges 134 (139) 0 (5) (114)

Impact of foreign exchange2

(37) (287) 1,023 (324) 1,777

Market gains and (losses)3

9,801 1,147 5,277 10,948 4,708

Ending assets $ 109,590 $ 100,832 $ 88,994 $ 109,590 $ 88,994

Fixed Income

Beginning assets $ 99,798 $ 100,127 $ 99,486 $ 100,127 $ 98,059

Sales1

7,687 5,927 5,267 13,614 11,211

Redemptions1

(7,864) (6,349) (7,652) (14,213) (13,940)

Net sales (redemptions)1

(177) (422) (2,385) (599) (2,729)

Net exchanges (153) 148 5 (5) 106

Impact of foreign exchange2

(12) (40) 208 (52) 293

Market gains and (losses)3

1,031 (15) 1,373 1,016 2,958

Ending assets $ 100,487 $ 99,798 $ 98,687 $ 100,487 $ 98,687

Alternative/Private Markets

Beginning assets $ 18,991 $ 19,101 $ 19,426 $ 19,101 $ 18,864

Sales1

650 629 782 1,279 1,867

Redemptions1

(1,002) (547) (551) (1,549) (1,575)

Net sales (redemptions)1

(352) 82 231 (270) 292

Net exchanges 8 0 (1) 8 0

Acquisitions/(dispositions) 3,237 0 109 3,237 109

Impact of foreign exchange2

26 (275) 1,091 (249) 1,623

Market gains and (losses)3

(263) 83 (118) (180) (150)

Ending assets $ 21,647 $ 18,991 $ 20,738 $ 21,647 $ 20,738

Multi-asset

Beginning assets $ 2,778 $ 2,854 $ 2,826 $ 2,854 $ 2,883

Sales1

41 58 44 99 107

Redemptions1

(102) (94) (137) (196) (242)

Net sales (redemptions)1

(61) (36) (93) (97) (135)

Net exchanges 0 1 (2) 1 0

Market gains and (losses)3

222 (41) 125 181 108

Ending assets $ 2,939 $ 2,778 $ 2,856 $ 2,939 $ 2,856

Total Long-term Assets

Beginning assets $ 222,399 $ 219,980 $ 202,651 $ 219,980 $ 199,229

Sales1

17,440 15,705 14,054 33,145 28,558

Redemptions1

(19,170) (13,868) (14,520) (33,038) (27,930)

Net sales (redemptions)1

(1,730) 1,837 (466) 107 628

Net exchanges (11) 10 2 (1) (8)

Acquisitions/(dispositions) 3,237 0 109 3,237 109

Impact of foreign exchange2

(23) (602) 2,322 (625) 3,693

Market gains and (losses)3

10,791 1,174 6,657 11,965 7,624

Ending assets $ 234,663 $ 222,399 $ 211,275 $ 234,663 $ 211,275

1) For certain accounts, including separately managed accounts, institutional accounts, certain sub-advised funds and other managed offerings, Sales and Redemptions are calculated as the remaining difference between beginning and ending assets after the calculation of total investment return.

2) Reflects the impact of translating non-U.S. dollar denominated assets under management (AUM) into U.S. dollars for reporting purposes.

3) Reflects the approximate changes in the fair value of the securities held by the portfolios and, to a lesser extent, reinvested dividends, distributions and net investment income.

Federated Hermes reports Q2 2026 earnings

Page 9 of 13

Unaudited Changes in Long-Term Assets - By Asset Class and Offering Type

(in millions)

Quarter Ended

June 30, 2026

Equity Fixed Income Alternative / Private Markets Multi-asset Total

Funds

Separate Accounts1

Funds

Separate Accounts1

Funds

Separate Accounts1

Funds

Separate Accounts1

Funds.

Separate Accounts1

Beginning assets $ 55,188 $ 45,644 $ 45,921 $ 53,877 $ 12,339 $ 6,652 $ 2,774 $ 4 $ 116,222 $ 106,177

Sales 5,443 3,619 3,867 3,820 576 74 41 0 9,927 7,513

Redemptions (4,080) (6,122) (3,994) (3,870) (661) (341) (102) 0 (8,837) (10,333)

Net sales (redemptions) 1,363 (2,503) (127) (50) (85) (267) (61) 0 1,090 (2,820)

Net exchanges 144 (10) (153) 0 8 0 0 0 (1) (10)

Acquisitions/(dispositions) 0 0 0 0 2,788 449 0 0 2,788 449

Impact of foreign exchange2

(68) 31 (3) (9) 12 14 0 0 (59) 36

Market gains and (losses)3

7,442 2,359 551 480 (144) (119) 222 0 8,071 2,720

Ending assets $ 64,069 $ 45,521 $ 46,189 $ 54,298 $ 14,918 $ 6,729 $ 2,935 $ 4 $ 128,111 $ 106,552

Six Months Ended

June 30, 2026

Equity Fixed Income Alternative / Private Markets Multi-asset Total

Funds

Separate Accounts1

Funds

Separate Accounts1

Funds

Separate Accounts1

Funds

Separate Accounts1

Funds

Separate Accounts1

Beginning assets $ 54,988 $ 42,910 $ 45,973 $ 54,154 $ 12,085 $ 7,016 $ 2,850 $ 4 $ 115,896 $ 104,084

Sales 11,298 6,855 7,852 5,762 1,185 94 99 0 20,434 12,711

Redemptions (8,641) (8,439) (7,987) (6,226) (979) (570) (196) 0 (17,803) (15,235)

Net sales (redemptions) 2,657 (1,584) (135) (464) 206 (476) (97) 0 2,631 (2,524)

Net exchanges (25) 20 (5) 0 8 0 1 0 (21) 20

Acquisition/(dispositions) 0 0 0 0 2,788 449 0 0 2,788 449

Impact of foreign exchange2

(226) (98) (29) (23) (147) (102) 0 0 (402) (223)

Market gains and (losses)3

6,675 4,273 385 631 (22) (158) 181 0 7,219 4,746

Ending assets $ 64,069 $ 45,521 $ 46,189 $ 54,298 $ 14,918 $ 6,729 $ 2,935 $ 4 $ 128,111 $ 106,552

1) Includes separately managed accounts, institutional accounts, certain sub-advised funds and other managed offerings. For certain accounts, Sales and Redemptions are calculated as the remaining difference between beginning and ending assets after the calculation of total investment return.

2) Reflects the impact of translating non-U.S. dollar denominated AUM into U.S. dollars for reporting purposes.

3) Reflects the approximate changes in the fair value of the securities held by the portfolios and, to a lesser extent, reinvested dividends, distributions and net investment income.

Federated Hermes reports Q2 2026 earnings

Page 10 of 13

Unaudited Changes in Long-Term Assets - By Offering Type

(in millions)

Quarter Ended Six Months Ended

June 30, 2026 March 31, 2026 June 30, 2025 June 30, 2026 June 30, 2025

Total Fund Assets

Beginning assets $ 116,222 $ 115,896 $ 104,289 $ 115,896 $ 103,567

Sales 9,927 10,507 8,753 20,434 18,032

Redemptions (8,837) (8,966) (9,166) (17,803) (17,929)

Net sales (redemptions) 1,090 1,541 (413) 2,631 103

Net exchanges (1) (20) 3 (21) 3

Acquisitions/(dispositions) 2,788 0 109 2,788 109

Impact of foreign exchange1

(59) (343) 1,313 (402) 1,998

Market gains and (losses)2

8,071 (852) 5,108 7,219 4,629

Ending assets $ 128,111 $ 116,222 $ 110,409 $ 128,111 $ 110,409

Total Separate Account Assets3

Beginning assets $ 106,177 $ 104,084 $ 98,362 $ 104,084 $ 95,662

Sales4

7,513 5,198 5,301 12,711 10,526

Redemptions4

(10,333) (4,902) (5,354) (15,235) (10,001)

Net sales (redemptions)4

(2,820) 296 (53) (2,524) 525

Net exchanges (10) 30 (1) 20 (11)

Acquisitions/(dispositions) 449 0 0 449 0

Impact of foreign exchange1

36 (259) 1,009 (223) 1,695

Market gains and (losses)2

2,720 2,026 1,549 4,746 2,995

Ending assets $ 106,552 $ 106,177 $ 100,866 $ 106,552 $ 100,866

Total Long-term Assets3

Beginning assets $ 222,399 $ 219,980 $ 202,651 $ 219,980 $ 199,229

Sales4

17,440 15,705 14,054 33,145 28,558

Redemptions4

(19,170) (13,868) (14,520) (33,038) (27,930)

Net sales (redemptions)4

(1,730) 1,837 (466) 107 628

Net exchanges (11) 10 2 (1) (8)

Acquisitions/(dispositions) 3,237 0 109 3,237 109

Impact of foreign exchange1

(23) (602) 2,322 (625) 3,693

Market gains and (losses)2

10,791 1,174 6,657 11,965 7,624

Ending assets $ 234,663 $ 222,399 $ 211,275 $ 234,663 $ 211,275

1) Reflects the impact of translating non-U.S. dollar denominated AUM into U.S. dollars for reporting purposes.

2) Reflects the approximate changes in the fair value of the securities held by the portfolios and, to a lesser extent, reinvested dividends, distributions and net investment income.

3) Includes separately managed accounts, institutional accounts, certain sub-advised funds and other managed offerings.

4) For certain accounts, Sales and Redemptions are calculated as the remaining difference between beginning and ending assets after the calculation of total investment return.

Federated Hermes reports Q2 2026 earnings

Page 11 of 13

Unaudited Managed Assets

(in millions)

June 30, 2026 March 31, 2026 Dec. 31, 2025 Sept. 30, 2025 June 30, 2025

By Asset Class

Equity1

$ 109,590 $ 100,832 $ 97,898 $ 94,656 $ 88,994

Fixed-Income 100,487 99,798 100,127 101,813 98,687

Alternative / Private Markets 21,647 18,991 19,101 19,024 20,738

Multi-Asset1

2,939 2,778 2,854 2,940 2,856

Total Long-Term Assets 234,663 222,399 219,980 218,433 211,275

Money Market 676,897 684,748 682,604 652,767 634,400

Total Managed Assets $ 911,560 $ 907,147 $ 902,584 $ 871,200 $ 845,675

By Offering Type

Funds:

Equity $ 64,069 $ 55,188 $ 54,988 $ 54,110 $ 49,359

Fixed-Income 46,189 45,921 45,973 46,478 45,415

Alternative / Private Markets 14,918 12,339 12,085 11,814 12,905

Multi-Asset 2,935 2,774 2,850 2,813 2,730

Total Long-Term Assets 128,111 116,222 115,896 115,215 110,409

Money Market 499,927 502,775 508,403 492,701 468,044

Total Fund Assets $ 628,038 $ 618,997 $ 624,299 $ 607,916 $ 578,453

Separate Accounts:

Equity1

$ 45,521 $ 45,644 $ 42,910 $ 40,546 $ 39,635

Fixed-Income 54,298 53,877 54,154 55,335 53,272

Alternative / Private Markets 6,729 6,652 7,016 7,210 7,833

Multi-Asset1

4 4 4 127 126

Total Long-Term Assets 106,552 106,177 104,084 103,218 100,866

Money Market 176,970 181,973 174,201 160,066 166,356

Total Separate Account Assets $ 283,522 $ 288,150 $ 278,285 $ 263,284 $ 267,222

Total Managed Assets $ 911,560 $ 907,147 $ 902,584 $ 871,200 $ 845,675

1) A Separate Account was reclassified from Multi-Asset to Equity effective October 1, 2025.

Federated Hermes reports Q2 2026 earnings

Page 12 of 13

Unaudited Average Managed Assets Quarter Ended

(in millions)

June 30, 2026 March 31, 2026 Dec. 31, 2025 Sept. 30, 2025 June 30, 2025

By Asset Class

Equity1

$ 107,031 $ 102,037 $ 96,404 $ 92,436 $ 83,564

Fixed-Income 100,041 100,996 100,855 99,206 98,365

Alternative / Private Markets 22,359 19,232 18,971 19,862 20,053

Multi-Asset1

2,898 2,859 2,836 2,895 2,779

Total Long-Term Assets 232,329 225,124 219,066 214,399 204,761

Money Market 677,685 690,450 654,635 645,092 632,543

Total Avg. Managed Assets $ 910,014 $ 915,574 $ 873,701 $ 859,491 $ 837,304

By Offering Type

Funds:

Equity $ 60,933 $ 56,987 $ 55,101 $ 51,828 $ 45,965

Fixed-Income 45,827 46,096 46,116 45,743 44,972

Alternative / Private Markets 15,253 12,254 11,871 12,347 12,370

Multi-Asset 2,893 2,855 2,833 2,770 2,654

Total Long-Term Assets 124,906 118,192 115,921 112,688 105,961

Money Market 498,338 507,752 493,355 482,237 462,683

Total Avg. Fund Assets $ 623,244 $ 625,944 $ 609,276 $ 594,925 $ 568,644

Separate Accounts:

Equity1

$ 46,098 $ 45,050 $ 41,303 $ 40,608 $ 37,599

Fixed-Income 54,214 54,900 54,739 53,463 53,393

Alternative / Private Markets 7,106 6,978 7,100 7,515 7,683

Multi-Asset1

5 4 3 125 125

Total Long-Term Assets 107,423 106,932 103,145 101,711 98,800

Money Market 179,347 182,698 161,280 162,855 169,860

Total Avg. Separate Account Assets $ 286,770 $ 289,630 $ 264,425 $ 264,566 $ 268,660

Total Avg. Managed Assets $ 910,014 $ 915,574 $ 873,701 $ 859,491 $ 837,304

1) A Separate Account was reclassified from Multi-Asset to Equity effective October 1, 2025.

Federated Hermes reports Q2 2026 earnings

Page 13 of 13

Unaudited Average Managed Assets Six Months Ended

(in millions) June 30, 2026 June 30, 2025

By Asset Class

Equity1

$ 104,534 $ 82,834

Fixed-Income 100,519 98,862

Alternative / Private Markets 20,796 19,533

Multi-Asset1

2,878 2,840

Total Long-Term Assets 228,727 204,069

Money Market 684,067 636,185

Total Avg. Managed Assets $ 912,794 $ 840,254

By Offering Type

Funds:

Equity $ 58,960 $ 45,612

Fixed-Income 45,962 45,344

Alternative / Private Markets 13,754 11,990

Multi-Asset 2,873 2,714

Total Long-Term Assets 121,549 105,660

Money Market 503,045 463,205

Total Avg. Fund Assets $ 624,594 $ 568,865

Separate Accounts:

Equity1

$ 45,574 $ 37,222

Fixed-Income 54,557 53,518

Alternative / Private Markets 7,042 7,543

Multi-Asset1

5 126

Total Long-Term Assets 107,178 98,409

Money Market 181,022 172,980

Total Avg. Separate Account Assets $ 288,200 $ 271,389

Total Avg. Managed Assets $ 912,794 $ 840,254

1) A Separate Account was reclassified from Multi-Asset to Equity effective October 1, 2025.

GRAPHIC

Filename: fhipressreleaseimageq12020.gif · Sequence: 6

Binary file (7224 bytes)

Download fhipressreleaseimageq12020.gif

XML — IDEA: XBRL DOCUMENT

XML

Filename: R1.htm · Sequence: 8

v3.26.1

Cover Page

Jul. 30, 2026

Cover [Abstract]

Document Type

8-K

Document Period End Date

Jul. 30, 2026

Entity Registrant Name

FEDERATED HERMES, INC.

Entity Incorporation, State or Country Code

Entity File Number

001-14818

Entity Tax Identification Number

25-1111467

Entity Address, Address Line One

1001 Liberty Avenue

Entity Address, City or Town

Pittsburgh

Entity Address, State or Province

Entity Address, Postal Zip Code

15222-3779

City Area Code

412

Local Phone Number

288-1900

Written Communications

false

Soliciting Material

false

Pre-commencement Tender Offer

false

Pre-commencement Issuer Tender Offer

false

Title of 12(b) Security

Class B common stock, no par value

Trading Symbol

FHI

Security Exchange Name

NYSE

Entity Emerging Growth Company

false

Entity Central Index Key

0001056288

Amendment Flag

false

- Definition

Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.

+ References

No definition available.

+ Details

Name:

dei_AmendmentFlag

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Area code of city

+ References

No definition available.

+ Details

Name:

dei_CityAreaCode

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Cover page.

+ References

No definition available.

+ Details

Name:

dei_CoverAbstract

Namespace Prefix:

dei_

Data Type:

xbrli:stringItemType

Balance Type:

Period Type:

duration

- Definition

For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.

+ References

No definition available.

+ Details

Name:

dei_DocumentPeriodEndDate

Namespace Prefix:

dei_

Data Type:

xbrli:dateItemType

Balance Type:

Period Type:

duration

- Definition

The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.

+ References

No definition available.

+ Details

Name:

dei_DocumentType

Namespace Prefix:

dei_

Data Type:

dei:submissionTypeItemType

Balance Type:

Period Type:

duration

- Definition

Address Line 1 such as Attn, Building Name, Street Name

+ References

No definition available.

+ Details

Name:

dei_EntityAddressAddressLine1

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Name of the City or Town

+ References

No definition available.

+ Details

Name:

dei_EntityAddressCityOrTown

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Code for the postal or zip code

+ References

No definition available.

+ Details

Name:

dei_EntityAddressPostalZipCode

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Name of the state or province.

+ References

No definition available.

+ Details

Name:

dei_EntityAddressStateOrProvince

Namespace Prefix:

dei_

Data Type:

dei:stateOrProvinceItemType

Balance Type:

Period Type:

duration

- Definition

A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityCentralIndexKey

Namespace Prefix:

dei_

Data Type:

dei:centralIndexKeyItemType

Balance Type:

Period Type:

duration

- Definition

Indicate if registrant meets the emerging growth company criteria.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityEmergingGrowthCompany

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.

+ References

No definition available.

+ Details

Name:

dei_EntityFileNumber

Namespace Prefix:

dei_

Data Type:

dei:fileNumberItemType

Balance Type:

Period Type:

duration

- Definition

Two-character EDGAR code representing the state or country of incorporation.

+ References

No definition available.

+ Details

Name:

dei_EntityIncorporationStateCountryCode

Namespace Prefix:

dei_

Data Type:

dei:edgarStateCountryItemType

Balance Type:

Period Type:

duration

- Definition

The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityRegistrantName

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityTaxIdentificationNumber

Namespace Prefix:

dei_

Data Type:

dei:employerIdItemType

Balance Type:

Period Type:

duration

- Definition

Local phone number for entity.

+ References

No definition available.

+ Details

Name:

dei_LocalPhoneNumber

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 13e

-Subsection 4c

+ Details

Name:

dei_PreCommencementIssuerTenderOffer

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14d

-Subsection 2b

+ Details

Name:

dei_PreCommencementTenderOffer

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Title of a 12(b) registered security.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b

+ Details

Name:

dei_Security12bTitle

Namespace Prefix:

dei_

Data Type:

dei:securityTitleItemType

Balance Type:

Period Type:

duration

- Definition

Name of the Exchange on which a security is registered.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection d1-1

+ Details

Name:

dei_SecurityExchangeName

Namespace Prefix:

dei_

Data Type:

dei:edgarExchangeCodeItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14a

-Subsection 12

+ Details

Name:

dei_SolicitingMaterial

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Trading symbol of an instrument as listed on an exchange.

+ References

No definition available.

+ Details

Name:

dei_TradingSymbol

Namespace Prefix:

dei_

Data Type:

dei:tradingSymbolItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Securities Act

-Number 230

-Section 425

+ Details

Name:

dei_WrittenCommunications

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration