Form 8-K

8-K — FEDERATED HERMES, INC.

Accession: 0001056288-26-000016

Filed: 2026-04-30

Period: 2026-04-30

CIK: 0001056288

SIC: 6282 (INVESTMENT ADVICE)

Item: Results of Operations and Financial Condition

Item: Financial Statements and Exhibits

Documents

8-K — fhi-20260430.htm (Primary)

EX-99.1 (a991-2026q1earningspressre.htm)

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XML — IDEA: XBRL DOCUMENT (R1.htm)

8-K

8-K (Primary)

Filename: fhi-20260430.htm · Sequence: 1

fhi-20260430

0001056288false00010562882026-04-302026-04-30

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): April 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 April 30, 2026, Federated Hermes, Inc. (Federated Hermes) issued the earnings press release attached hereto as Exhibit 99.1 to report first quarter 2026 results.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.

(d) Exhibits:

Exhibit 99.1

Earnings press release issued by Federated Hermes, Inc. dated April 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 April 30, 2026 By: /s/ Thomas R. Donahue

Thomas R. Donahue

Chief Financial Officer

EX-99.1

Filename: a991-2026q1earningspressre.htm · Sequence: 2

Document

Exhibit 99.1

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

•Total assets under management reach a record $907.1 billion

•Money market assets reach a record $684.7 billion

•Equity assets reach a record $100.8 billion

•Q1 2026 earnings per diluted share of $1.27

•Quarterly dividend increased by 11.8% from previous quarter to $0.38 per share

(PITTSBURGH, Pa., April 30, 2026) — Federated Hermes, Inc. (NYSE: FHI), a global leader in active investing, today reported earnings per diluted share (EPS) of $1.27 for Q1 2026, compared to $1.25 for the same quarter last year, on net income of $96.4 million for Q1 2026, compared to $101.1 million for Q1 2025. Federated Hermes' Q1 2025 results included a $12.9 million decrease in other operating expense, or $0.15 per diluted share, resulting from a value-added tax (VAT) refund received as part of amended VAT filings in the U.K.

Federated Hermes' total managed assets were a record $907.1 billion at March 31, 2026, up $67.3 billion or 8% from $839.8 billion at March 31, 2025 and up $4.5 billion from $902.6 billion at Dec. 31, 2025. Total average managed assets for Q1 2026 were $915.6 billion, up $72.4 billion or 9% from $843.2 billion for Q1 2025 and up $41.9 billion or 5% from $873.7 billion for Q4 2025.

"In the first quarter, we saw record gross sales and positive net flows in our equity offerings as we continued momentum from the previous year, with investor interest in a range of our offering types," said J. Christopher Donahue, president and chief executive officer. "Separate accounts reached new record assets on overall demand for our MDT suite of quantitative investment solutions, led by our MDT All Cap Core and MDT Mid Cap Growth offerings. Investors with interest in capital preservation and liquidity continued to rely on our money market offerings and—for those interested in moving further out the yield curve in the pursuit of higher yields than money market products—our ultrashort funds."

Federated Hermes' board of directors declared a dividend of $0.38 per share, which was an increase of $0.04 or 11.8% from the previous quarter. The dividend is payable on May 15, 2026 to shareholders of record as of May 8, 2026. During Q1 2026, Federated Hermes purchased 1,191,300 shares of Federated Hermes class B common stock for $66.0 million.

Equity assets were a record $100.8 billion at March 31, 2026, up $19.9 billion or 25% from $80.9 billion at March 31, 2025 and up $2.9 billion or 3% from $97.9 billion at Dec. 31, 2025. Top-selling equity funds during Q1 2026 on a net basis were Federated Hermes MDT Mid Cap Growth Fund, Federated Hermes MDT Large Cap Growth Fund, Federated Hermes MDT All Cap Core Fund, Federated Hermes MDT US Equity Fund and Federated Hermes MDT Small Cap Core Fund.

Fixed-income assets were $99.8 billion at March 31, 2026, up $0.3 billion from $99.5 billion at March 31, 2025 and down $0.3 billion from $100.1 billion at Dec. 31, 2025. Top-selling fixed-income funds during Q1 2026 on a net basis were Federated Hermes Ultrashort Bond Fund, Federated Hermes Total Return Bond ETF, Federated Hermes Municipal Ultrashort Fund, Federated Hermes Government Ultrashort Fund and Federated Hermes Short-Term Income Fund.

MEDIA: ANALYSTS:

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

Federated Hermes reports Q1 2026 earnings

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Alternative/private markets assets were $19.0 billion at March 31, 2026, down $0.4 billion or 2% from $19.4 billion at March 31, 2025 and down $0.1 billion or 1% from $19.1 billion at Dec. 31, 2025.

Money market assets were a record $684.7 billion at March 31, 2026, up $47.6 billion or 7% from $637.1 billion at March 31, 2025 and up $2.1 billion from $682.6 billion at Dec. 31, 2025. Money market fund assets were $502.8 billion at March 31, 2026, up $37.9 billion or 8% from $464.9 billion at March 31, 2025 and down $5.6 billion or 1% from $508.4 billion at Dec. 31, 2025.

Financial Summary

Q1 2026 vs. Q1 2025

Revenue increased $55.4 million or 13% primarily due to an increase in revenue due to higher average money market and equity assets. This increase was partially offset by a decrease in performance fees and carried interest of $5.6 million, which includes a decrease of $1.0 million in carried interest from consolidated carried interest vehicles, which is largely offset in compensation expense.

During Q1 2026, Federated Hermes derived 54% of its revenue from money market assets, 45% from long-term assets (30% from equity, 10% from fixed-income, and 5% from alternative/private markets and multi-asset) and 1% from sources other than managed assets.

Operating expenses increased $60.9 million or 21% primarily due to a $26.7 million increase in distribution expenses resulting primarily from higher average money market fund assets, an $18.2 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 $10.8 million increase in compensation and related expense primarily due to higher incentive compensation.

Nonoperating income (expenses), net for Q1 2026 decreased $0.8 million due primarily to lower net gains on securities.

Q1 2026 vs. Q4 2025

Revenue decreased $3.9 million or 1% primarily due to a $10.5 million decrease in revenue resulting from two fewer days in Q1 2026 and a decrease in development fees of $8.6 million. These decreases were partially offset by an increase in revenue due to higher average money market and equity assets.

Operating expenses increased $5.4 million or 2% primarily due to a $9.1 million increase in compensation and related expense primarily from higher stock-based compensation expense, partially offset by a $3.4 million decrease in Other expense primarily due to lower charitable contributions.

Nonoperating income (expenses), net decreased $1.3 million due primarily to lower net gains on securities .

Earnings call information

Federated Hermes will host an earnings conference call at 9 a.m. Eastern on Friday, May 1, 2026. Investors are invited to listen to the earnings teleconference by calling 888-506-0062 (domestic) or 973-528-0011 (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 May 1, 2026. To access the telephone replay, dial 877-481-4010 (domestic) or 919-882-2331 (international) and enter access code 53870. The online replay will be available via FederatedHermes.com/us for one year.

Federated Hermes reports Q1 2026 earnings

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About Federated Hermes

Federated Hermes, Inc. is a global leader in active investment management, with $907.1 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 2,000 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 10th-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 March 31, 2026.

2) Morningstar, March 31, 2026. Based on U.S. fund flows rankings.

3) Money Management Institute/Cerulli,Q4 2025.

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, and Hermes GPE LLP, each a registered investment advisor in one or more of the U.S., U.K. or Ireland.

Cautionary statements

Certain statements in this press release, such as those related to performance, investment strategies, opportunities to meet client needs, 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 Q1 2026 earnings

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Unaudited Condensed Consolidated Statements of Income

(in thousands, except per share data)

Quarter Ended % Change Q1 2025 to Q1 2026 Quarter Ended % Change Q4 2025 to Q1 2026

March 31, 2026 March 31, 2025 Dec. 31, 2025

Revenue

Investment advisory fees, net $ 319,408 $ 287,460 11 % $ 313,975 2 %

Administrative service fees, net—affiliates 110,285 101,109 9 109,759 0

Other service fees, net 49,264 34,971 41 59,099 (17)

Total Revenue 478,957 423,540 13 482,833 (1)

Operating Expenses

Compensation and related 154,119 143,270 8 144,981 6

Distribution 125,745 99,085 27 122,339 3

Systems and communications 26,463 24,226 9 24,719 7

Professional service fees 21,336 18,548 15 23,399 (9)

Office and occupancy 10,062 9,952 1 9,704 4

Advertising and promotional 4,098 4,576 (10) 7,001 (41)

Travel and related 3,850 3,553 8 4,677 (18)

Intangible asset related 3,422 3,196 7 3,475 (2)

Other 3,531 (14,638) (124) 6,964 (49)

Total Operating Expenses 352,626 291,768 21 347,259 2

Operating Income 126,331 131,772 (4) 135,574 (7)

Nonoperating Income (Expenses)

Investment income (loss), net 6,653 7,475 (11) 7,886 (16)

Debt expense (3,185) (3,179) 0 (3,201) 0

Other, net (30) (27) (11) 73 (141)

Total Nonoperating Income (Expenses), net 3,438 4,269 (19) 4,758 (28)

Income before income taxes 129,769 136,041 (5) 140,332 (8)

Income tax provision 33,823 32,165 5 32,899 3

Net income including the noncontrolling interests in subsidiaries 95,946 103,876 (8) 107,433 (11)

Less: Net income (loss) attributable to the noncontrolling interests in subsidiaries (432) 2,742 (116) 394 (210)

Net Income $ 96,378 $ 101,134 (5) % $ 107,039 (10) %

Amounts Attributable to Federated Hermes, Inc.

Earnings Per Share1

Basic and diluted $ 1.27 $ 1.25 2 % $ 1.39 (9) %

Weighted-Average Shares Outstanding

Basic 72,648 77,541 73,795

Diluted 72,650 77,542 73,795

Dividends Declared Per Share $ 0.34 $ 0.31 $ 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 $4.4 million, $4.5 million and $4.8 million available to unvested restricted Federated Hermes shareholders for the quarterly periods ended March 31, 2026, March 31, 2025 and Dec. 31, 2025, respectively, was excluded from the computation of earnings per share.

Federated Hermes reports Q1 2026 earnings

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Unaudited Condensed Consolidated Balance Sheets

(in thousands) March 31, 2026 Dec. 31, 2025

Assets

Cash and other investments $ 645,417 $ 724,297

Other current assets 143,153 139,495

Intangible assets, net, including goodwill 1,173,986 1,183,612

Other long-term assets 181,251 181,933

Total Assets $ 2,143,807 $ 2,229,337

Liabilities, Redeemable Noncontrolling Interests and Equity

Current liabilities $ 240,680 $ 314,141

Long-term debt 348,434 348,369

Other long-term liabilities 291,853 303,350

Redeemable noncontrolling interests 58,520 66,529

Equity excluding treasury stock 2,133,825 2,070,162

Treasury stock (929,505) (873,214)

Total Liabilities, Redeemable Noncontrolling Interests and Equity $ 2,143,807 $ 2,229,337

Federated Hermes reports Q1 2026 earnings

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Unaudited Changes in Long-Term Assets - By Asset Class

(in millions) Quarter Ended

March 31, 2026 Dec. 31, 2025 March 31, 2025

Equity

Beginning assets $ 97,898 $ 94,656 $ 79,423

Sales1

9,091 8,949 7,412

Redemptions1

(6,878) (7,431) (5,993)

Net sales (redemptions)1

2,213 1,518 1,419

Net exchanges (139) 139 (114)

Impact of foreign exchange2

(287) 107 754

Market gains and (losses)3

1,147 1,478 (569)

Ending assets $ 100,832 $ 97,898 $ 80,913

Fixed Income

Beginning assets $ 100,127 $ 101,813 $ 98,059

Sales1

5,927 5,891 5,944

Redemptions1

(6,349) (8,687) (6,288)

Net sales (redemptions)1

(422) (2,796) (344)

Net exchanges 148 15 101

Impact of foreign exchange2

(40) 6 85

Market gains and (losses)3

(15) 1,089 1,585

Ending assets $ 99,798 $ 100,127 $ 99,486

Alternative/Private Markets

Beginning assets $ 19,101 $ 19,024 $ 18,864

Sales1

629 724 1,085

Redemptions1

(547) (592) (1,024)

Net sales (redemptions)1

82 132 61

Net exchanges 0 0 1

Impact of foreign exchange2

(275) 35 532

Market gains and (losses)3

83 (90) (32)

Ending assets $ 18,991 $ 19,101 $ 19,426

Multi-asset

Beginning assets $ 2,854 $ 2,940 $ 2,883

Sales1

58 59 63

Redemptions1

(94) (92) (105)

Net sales (redemptions)1

(36) (33) (42)

Net exchanges 1 (121) 2

Market gains and (losses)3

(41) 68 (17)

Ending assets $ 2,778 $ 2,854 $ 2,826

Total Long-term Assets

Beginning assets $ 219,980 $ 218,433 $ 199,229

Sales1

15,705 15,623 14,504

Redemptions1

(13,868) (16,802) (13,410)

Net sales (redemptions)1

1,837 (1,179) 1,094

Net exchanges 10 33 (10)

Impact of foreign exchange2

(602) 148 1,371

Market gains and (losses)3

1,174 2,545 967

Ending assets $ 222,399 $ 219,980 $ 202,651

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 Q1 2026 earnings

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

(in millions)

Quarter Ended

March 31, 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 5,855 3,236 3,985 1,942 609 20 58 0 10,507 5,198

Redemptions (4,561) (2,317) (3,993) (2,356) (318) (229) (94) 0 (8,966) (4,902)

Net sales (redemptions) 1,294 919 (8) (414) 291 (209) (36) 0 1,541 296

Net exchanges (169) 30 148 0 0 0 1 0 (20) 30

Impact of foreign exchange2

(158) (129) (26) (14) (159) (116) 0 0 (343) (259)

Market gains and (losses)3

(767) 1,914 (166) 151 122 (39) (41) 0 (852) 2,026

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

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 Q1 2026 earnings

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Unaudited Changes in Long-Term Assets - By Offering Type

(in millions)

Quarter Ended

March 31, 2026 Dec. 31, 2025 March 31, 2025

Total Fund Assets

Beginning assets $ 115,896 $ 115,215 $ 103,567

Sales 10,507 10,419 9,279

Redemptions (8,966) (10,835) (8,763)

Net sales (redemptions) 1,541 (416) 516

Net exchanges (20) 33 0

Impact of foreign exchange1

(343) 34 685

Market gains and (losses)2

(852) 1,030 (479)

Ending assets $ 116,222 $ 115,896 $ 104,289

Total Separate Account Assets3

Beginning assets $ 104,084 $ 103,218 $ 95,662

Sales4

5,198 5,204 5,225

Redemptions4

(4,902) (5,967) (4,647)

Net sales (redemptions)4

296 (763) 578

Net exchanges 30 0 (10)

Impact of foreign exchange1

(259) 114 686

Market gains and (losses)2

2,026 1,515 1,446

Ending assets $ 106,177 $ 104,084 $ 98,362

Total Long-term Assets3

Beginning assets $ 219,980 $ 218,433 $ 199,229

Sales4

15,705 15,623 14,504

Redemptions4

(13,868) (16,802) (13,410)

Net sales (redemptions)4

1,837 (1,179) 1,094

Net exchanges 10 33 (10)

Impact of foreign exchange1

(602) 148 1,371

Market gains and (losses)2

1,174 2,545 967

Ending assets $ 222,399 $ 219,980 $ 202,651

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 Q1 2026 earnings

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Unaudited Managed Assets

(in millions)

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

By Asset Class

Equity $ 100,832 $ 97,898 $ 94,656 $ 88,994 $ 80,913

Fixed-Income 99,798 100,127 101,813 98,687 99,486

Alternative / Private Markets 18,991 19,101 19,024 20,738 19,426

Multi-Asset 2,778 2,854 2,940 2,856 2,826

Total Long-Term Assets 222,399 219,980 218,433 211,275 202,651

Money Market 684,748 682,604 652,767 634,400 637,122

Total Managed Assets $ 907,147 $ 902,584 $ 871,200 $ 845,675 $ 839,773

By Offering Type

Funds:

Equity $ 55,188 $ 54,988 $ 54,110 $ 49,359 $ 43,910

Fixed-Income 45,921 45,973 46,478 45,415 45,800

Alternative / Private Markets 12,339 12,085 11,814 12,905 11,879

Multi-Asset 2,774 2,850 2,813 2,730 2,700

Total Long-Term Assets 116,222 115,896 115,215 110,409 104,289

Money Market 502,775 508,403 492,701 468,044 464,912

Total Fund Assets $ 618,997 $ 624,299 $ 607,916 $ 578,453 $ 569,201

Separate Accounts:

Equity $ 45,644 $ 42,910 $ 40,546 $ 39,635 $ 37,003

Fixed-Income 53,877 54,154 55,335 53,272 53,686

Alternative / Private Markets 6,652 7,016 7,210 7,833 7,547

Multi-Asset 4 4 127 126 126

Total Long-Term Assets 106,177 104,084 103,218 100,866 98,362

Money Market 181,973 174,201 160,066 166,356 172,210

Total Separate Account Assets $ 288,150 $ 278,285 $ 263,284 $ 267,222 $ 270,572

Total Managed Assets $ 907,147 $ 902,584 $ 871,200 $ 845,675 $ 839,773

Federated Hermes reports Q1 2026 earnings

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Unaudited Average Managed Assets Quarter Ended

(in millions)

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

By Asset Class

Equity $ 102,037 $ 96,404 $ 92,436 $ 83,564 $ 82,105

Fixed-Income 100,996 100,855 99,206 98,365 99,360

Alternative / Private Markets 19,232 18,971 19,862 20,053 19,012

Multi-Asset 2,859 2,836 2,895 2,779 2,900

Total Long-Term Assets 225,124 219,066 214,399 204,761 203,377

Money Market 690,450 654,635 645,092 632,543 639,827

Total Avg. Managed Assets $ 915,574 $ 873,701 $ 859,491 $ 837,304 $ 843,204

By Offering Type

Funds:

Equity $ 56,987 $ 55,101 $ 51,828 $ 45,965 $ 45,260

Fixed-Income 46,096 46,116 45,743 44,972 45,715

Alternative / Private Markets 12,254 11,871 12,347 12,370 11,610

Multi-Asset 2,855 2,833 2,770 2,654 2,774

Total Long-Term Assets 118,192 115,921 112,688 105,961 105,359

Money Market 507,752 493,355 482,237 462,683 463,727

Total Avg. Fund Assets $ 625,944 $ 609,276 $ 594,925 $ 568,644 $ 569,086

Separate Accounts:

Equity1

$ 45,050 $ 41,303 $ 40,608 $ 37,599 $ 36,845

Fixed-Income 54,900 54,739 53,463 53,393 53,645

Alternative / Private Markets 6,978 7,100 7,515 7,683 7,402

Multi-Asset1

4 3 125 125 126

Total Long-Term Assets 106,932 103,145 101,711 98,800 98,018

Money Market 182,698 161,280 162,855 169,860 176,100

Total Avg. Separate Account Assets $ 289,630 $ 264,425 $ 264,566 $ 268,660 $ 274,118

Total Avg. Managed Assets $ 915,574 $ 873,701 $ 859,491 $ 837,304 $ 843,204

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

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Document Type

8-K

Document Period End Date

Apr. 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

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false

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Cover page.

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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.

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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'.

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

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Indicate if registrant meets the emerging growth company criteria.

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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.

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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.

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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.

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Name of the Exchange on which a security is registered.

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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.

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Trading symbol of an instrument as listed on an exchange.

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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.

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