Federated Hermes, Inc. income statement
In fiscal 2025, Federated Hermes, Inc. reported revenue of $1.80bn, up 10.3% on the year before, operating income of $514m (a 28.5% margin) and net income of $403m, or $5.13 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1,176 | 952 | 895 | 946 | 878 | 859 | 927 | 1,143 | 1,103 | 1,136 | 1,327 | 1,448 | 1,300 | 1,446 | 1,610 | 1,632 | 1,801 | 1,972 |
| Operating income | 329 | 310 | 257 | 313 | 252 | 238 | 279 | 336 | 342 | 330 | 348 | 418 | 366 | 337 | 388 | 361 | 514 | 548 |
| Income before tax | 327 | 301 | 246 | 309 | 259 | 239 | 275 | 341 | 352 | 296 | 365 | 446 | 376 | 306 | 411 | 382 | 548 | 566 |
| Income tax | 118 | 112 | 91 | 111 | 93 | 90 | 103 | 119 | 57 | 74 | 88 | 110 | 104 | 72 | 107 | 113 | 133 | 145 |
| Net income | 197 | 179 | 151 | 188 | 162 | 149 | 170 | 209 | 291 | 220 | 272 | 326 | 270 | 239 | 299 | 268 | 403 | 420 |
| Diluted EPS | $1.92 | $1.73 | $1.45 | $1.79 | $1.55 | $1.42 | $1.62 | $2.03 | $2.87 | $2.18 | $2.69 | $3.23 | $2.75 | $2.65 | $3.40 | $3.23 | $5.13 | $5.80 |
| Diluted shares (average) | 100m | 100m | 101m | 100m | 101m | 101m | 100m | 99m | 97m | 97m | 97m | 97m | 94m | 86m | 84m | 79m | 75m | 72m |
| EBITDA | 353 | 331 | 272 | 323 | 262 | 248 | 289 | 345 | 352 | 347 | 364 | 434 | 382 | 352 | 401 | 371 | 522 | — |
| Quarter | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 | 2026 Q3Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 425 | 424 | 425 | 469 | 483 | 479 | 503 | 507 |
| Operating income | 110 | 132 | 117 | 129 | 136 | 126 | 133 | 153 |
| Income before tax | 112 | 136 | 131 | 140 | 140 | 130 | 144 | 152 |
| Income tax | 28 | 32 | 34 | 34 | 33 | 34 | 37 | 41 |
| Net income | 85 | 101 | 91 | 104 | 107 | 96 | 104 | 112 |
| Diluted EPS | $1.03 | $1.25 | $1.16 | $1.34 | $1.38 | $1.27 | $1.38 | $1.50 |
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