Federated Hermes Q4 Revenue Reaches $482.83 Million
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 29 2026
0mins
Should l Buy FHI?
Reports Q4 revenue $482.83M, consensus $471.56M. "Federated Hermes' record assets at year-end were again driven by money market asset increases, as our liquidity products provided attractive cash management resources and opportunities for risk-adjusted returns," said Christopher Donahue, president and CEO. "We also continued to see investor interest in our growing range of investment solutions beyond mutual funds, including ETFs, CITs and SMAs, which provide additional opportunities for financial professionals to meet the needs of their customers. In the fourth quarter, SMA net sales were led by our MDT All Cap Core strategy, our MDT Mid Cap Growth equity strategy and our Core Plus fixed-income strategy."
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Analyst Views on FHI
Wall Street analysts forecast FHI stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for FHI is 53.75 USD with a low forecast of 51.00 USD and a high forecast of 56.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
4 Analyst Rating
1 Buy
3 Hold
0 Sell
Hold
Current: 52.350
Low
51.00
Averages
53.75
High
56.00
Current: 52.350
Low
51.00
Averages
53.75
High
56.00
About FHI
Federated Hermes, Inc. is an investment management company. The Company operates through a single segment, being the investment management business. It sponsors, markets, and provides investment-related services to various investment products, including sponsored investment companies and other funds (Federated Hermes Funds); and Separate Accounts, which include separately managed accounts (SMAs), institutional accounts, sub-advised funds and other managed products in both domestic and international markets. In addition, it markets and provides stewardship and real estate development services to various domestic and international companies. The Company provides investment advisory services to approximately 176 Federated Hermes Funds. It markets these funds to institutional customers and banks, broker/dealers and other financial intermediaries who use them to meet the needs of customers and/or clients, including, among others, retail investors, corporations, and retirement plans.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Federated Hermes Appoints New Head of Prime Liquidity Group
- Executive Appointment: Federated Hermes has promoted Mark Weiss to head of the Prime Liquidity Group, effective July 1, 2026, marking a continuation of leadership in liquidity management within the firm.
- Asset Management Scale: As of December 31, 2025, the company's prime money market investment strategies manage $242.7 billion in assets, demonstrating its strong position in high-quality fixed-income securities investment.
- Experienced Leadership: Mark Weiss brings over 28 years of trading and portfolio management experience, having managed multiple portfolios including the $103.5 billion Prime Cash Obligations Fund, which is expected to enhance the team's professionalism and market insights.
- Contributions of Predecessor: Paige Wilhelm retires after 41 years, having successfully driven the growth of prime money market funds, establishing Federated Hermes as a key player in cash management, reflecting the company's commitment to talent development.
See More
Federated Hermes Q4 2025 Earnings Call Highlights
- Record Assets Under Management: Federated Hermes reported a record $903 billion in assets under management at the end of 2025, driven by growth in money market and equity strategies, highlighting the company's strong market position and competitiveness.
- Significant Improvement in Net Sales: The company achieved $4.6 billion in net equity sales for 2025, a substantial recovery from net redemptions of $10.7 billion in 2004, indicating successful investor attraction and enhancing future inflow expectations.
- Strategic Expansion Plans: Federated Hermes aims to close the FCP acquisition in the first half of 2026, which will add expertise in U.S. multifamily housing, while also planning to open a new office in Hong Kong to capitalize on the rapidly growing wealth market in the Asia-Pacific region, further solidifying its global business strategy.
- Revenue Growth Amid Cost Pressures: Although total revenue increased by $13.4 million, or 3%, in Q4 compared to the prior quarter, management expressed caution regarding future revenues and expenses due to rising distribution costs and other operational expenses, indicating potential financial pressures ahead.
See More
FEDERATED HERMES INC REFUTES PLAINTIFF'S CLAIMS IN SEC FILING
Denial of Allegations: Hermès has denied the allegations made by the plaintiff in a recent legal filing.
Legal Proceedings: The case involves a dispute that is currently being addressed in court, with Hermès formally responding to the claims.
See More
FEDERATED HERMES INC: LAWSUIT CLAIMS HGPE WAS NEGLIGENT IN 2019 VENTUS PORTFOLIO INVESTMENT
- Allegations of Negligence: The plaintiff alleges that HGP was negligent in managing a 2019 investment in the Ventus Sport portfolio.
- Legal Proceedings: The case is currently being addressed in a federal court, focusing on the claims made by the plaintiff against HGP.
See More
Federated Hermes Q4 Earnings Exceed Expectations
- Earnings Beat: Federated Hermes reported a Q4 GAAP EPS of $1.39, surpassing expectations by $0.17, indicating robust profitability and operational efficiency.
- Significant Revenue Growth: The company achieved Q4 revenue of $482.83 million, a 13.7% year-over-year increase, exceeding forecasts by $11.27 million, reflecting ongoing business expansion and strong market demand.
- Optimistic Market Outlook: Building on a strong Q3 performance, Federated Hermes maintains a bullish outlook, suggesting further improvements in future earnings and boosting investor confidence.
- Ongoing M&A Activity: Recent developments in the company's M&A strategy demonstrate its commitment to strategic expansion, potentially providing additional growth opportunities and solidifying its market position.
See More
Federated Hermes Reports Strong 2025 Earnings Growth
- Earnings Per Share Growth: Federated Hermes reported Q4 2025 EPS of $1.39, up 34% from $1.04 in Q4 2024, indicating a significant improvement in profitability that is likely to boost investor confidence.
- Substantial Net Income Increase: The company achieved a net income of $403.3 million for 2025, a 50% increase from $268.3 million in 2024, reflecting strong performance in asset management that may attract more investor interest.
- Record Managed Assets: As of December 31, 2025, Federated Hermes' total managed assets reached $902.6 billion, a 9% increase from 2024, demonstrating the company's competitive strength and enhanced client trust in the market.
- Increased Dividend Payout: The board declared a quarterly dividend of $0.34 per share, a 9.7% increase from 2024, reflecting improved financial health and potentially attracting income-seeking investors.
See More
Federated Hermes Appoints New Head of Prime Liquidity Group
- Executive Appointment: Federated Hermes has promoted Mark Weiss to head of the Prime Liquidity Group, effective July 1, 2026, marking a continuation of leadership in liquidity management within the firm.
- Asset Management Scale: As of December 31, 2025, the company's prime money market investment strategies manage $242.7 billion in assets, demonstrating its strong position in high-quality fixed-income securities investment.
- Experienced Leadership: Mark Weiss brings over 28 years of trading and portfolio management experience, having managed multiple portfolios including the $103.5 billion Prime Cash Obligations Fund, which is expected to enhance the team's professionalism and market insights.
- Contributions of Predecessor: Paige Wilhelm retires after 41 years, having successfully driven the growth of prime money market funds, establishing Federated Hermes as a key player in cash management, reflecting the company's commitment to talent development.
See More
Federated Hermes Q4 2025 Earnings Call Highlights
- Record Assets Under Management: Federated Hermes reported a record $903 billion in assets under management at the end of 2025, driven by growth in money market and equity strategies, highlighting the company's strong market position and competitiveness.
- Significant Improvement in Net Sales: The company achieved $4.6 billion in net equity sales for 2025, a substantial recovery from net redemptions of $10.7 billion in 2004, indicating successful investor attraction and enhancing future inflow expectations.
- Strategic Expansion Plans: Federated Hermes aims to close the FCP acquisition in the first half of 2026, which will add expertise in U.S. multifamily housing, while also planning to open a new office in Hong Kong to capitalize on the rapidly growing wealth market in the Asia-Pacific region, further solidifying its global business strategy.
- Revenue Growth Amid Cost Pressures: Although total revenue increased by $13.4 million, or 3%, in Q4 compared to the prior quarter, management expressed caution regarding future revenues and expenses due to rising distribution costs and other operational expenses, indicating potential financial pressures ahead.
See More
FEDERATED HERMES INC REFUTES PLAINTIFF'S CLAIMS IN SEC FILING
Denial of Allegations: Hermès has denied the allegations made by the plaintiff in a recent legal filing.
Legal Proceedings: The case involves a dispute that is currently being addressed in court, with Hermès formally responding to the claims.
See More
FEDERATED HERMES INC: LAWSUIT CLAIMS HGPE WAS NEGLIGENT IN 2019 VENTUS PORTFOLIO INVESTMENT
- Allegations of Negligence: The plaintiff alleges that HGP was negligent in managing a 2019 investment in the Ventus Sport portfolio.
- Legal Proceedings: The case is currently being addressed in a federal court, focusing on the claims made by the plaintiff against HGP.
See More
Federated Hermes Q4 Earnings Exceed Expectations
- Earnings Beat: Federated Hermes reported a Q4 GAAP EPS of $1.39, surpassing expectations by $0.17, indicating robust profitability and operational efficiency.
- Significant Revenue Growth: The company achieved Q4 revenue of $482.83 million, a 13.7% year-over-year increase, exceeding forecasts by $11.27 million, reflecting ongoing business expansion and strong market demand.
- Optimistic Market Outlook: Building on a strong Q3 performance, Federated Hermes maintains a bullish outlook, suggesting further improvements in future earnings and boosting investor confidence.
- Ongoing M&A Activity: Recent developments in the company's M&A strategy demonstrate its commitment to strategic expansion, potentially providing additional growth opportunities and solidifying its market position.
See More
Federated Hermes Reports Strong 2025 Earnings Growth
- Earnings Per Share Growth: Federated Hermes reported Q4 2025 EPS of $1.39, up 34% from $1.04 in Q4 2024, indicating a significant improvement in profitability that is likely to boost investor confidence.
- Substantial Net Income Increase: The company achieved a net income of $403.3 million for 2025, a 50% increase from $268.3 million in 2024, reflecting strong performance in asset management that may attract more investor interest.
- Record Managed Assets: As of December 31, 2025, Federated Hermes' total managed assets reached $902.6 billion, a 9% increase from 2024, demonstrating the company's competitive strength and enhanced client trust in the market.
- Increased Dividend Payout: The board declared a quarterly dividend of $0.34 per share, a 9.7% increase from 2024, reflecting improved financial health and potentially attracting income-seeking investors.
See More
