stockrowFederated Hermes, Inc.
FHI Financial Asset Management
Federated Hermes, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.8 billion, up 10.3% from fiscal 2024.
- Revenue
- +8.07%
- EPS
- +11.9%
- Free cash flow
- +18.3%
- Total debt
- +0.08%
Quarter to September 2026, against a year earlier
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Federated Hermes, Inc. (FHI) Operating margin
Federated Hermes, Inc.'s operating margin over the twelve months to 30 September 2026 was 27.8%, down 0.7 percentage points from fiscal 2025 (28.5%). Over the past ten years it has ranged from 22.2% (fiscal 2024) to 31.0% (fiscal 2017); the current reading is higher than 55% of that period. That is in line with the Asset Management industry median of 27.3% and above the Financial sector median of 0.00%.
Operating margin, annual
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Annual newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| FY2025 | 28.5% | 6.39 |
| FY2024 | 22.2% | (1.93) |
| FY2023 | 24.1% | 0.79 |
| FY2022 | 23.3% | (4.88) |
| FY2021 | 28.2% | (0.70) |
| FY2020 | 28.9% | 2.65 |
| FY2019 | 26.2% | (2.86) |
| FY2018 | 29.1% | (1.88) |
| FY2017 | 31.0% | 1.60 |
| FY2016 | 29.4% | (0.80) |
Quarterly newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| Sep 2026 | 30.2% | 3.79 |
| Jun 2026 | 26.4% | 0.05 |
| Mar 2026 | 26.4% | (1.70) |
| Dec 2025 | 28.1% | 0.50 |
| 43 more quarters | Free account |
Against its own ten years
Operating margin against peers
| Company | Operating margin |
|---|---|
| MAIN Main Street Capital Corporation compare | 87.0% |
| BXSL Blackstone Secured Lending Fund compare | 83.3% |
| OBDC Blue Owl Capital Corporation compare | 75.1% |
| HASI HA Sustainable Infrastructure Capital, Inc. compare | 68.7% |
| HLNE Hamilton Lane Inc. compare | 43.7% |
| CNS Cohen & Steers Inc compare | 32.4% |
| FHI Federated Hermes, Inc. | 27.8% |
| OTF Blue Owl Technology Finance Corp. compare | 0.00% |
| STEP StepStone Group Inc. compare | −58.2% |
| Asset Management industry median | 27.3% |
| Financial sector median | 0.00% |
| Market median | 0.00% |
What Operating margin is
EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.
EBIT ÷ Revenue
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- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
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