Form 8-K

8-K — FEDERATED HERMES, INC.

Accession: 0001056288-26-000028

Filed: 2026-10-29

Period: 2026-10-29

CIK: 0001056288

SIC: 6282 (INVESTMENT ADVICE)

Item: Results of Operations and Financial Condition

Item: Financial Statements and Exhibits

Documents

8-K — fhi-20261029.htm (Primary)

EX-99.1 (a991-2026q3earningspressre.htm)

GRAPHIC (fhipressreleaseimageq12020a.gif)

XML — IDEA: XBRL DOCUMENT (R1.htm)

8-K

8-K (Primary)

Filename: fhi-20261029.htm · Sequence: 1

fhi-20261029

0001056288false00010562882026-10-292026-10-29

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): October 29, 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 October 29, 2026, Federated Hermes, Inc. (Federated Hermes) issued the earnings press release attached hereto as Exhibit 99.1 to report third quarter 2026 results.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.

(d) Exhibits:

Exhibit 99.1

Earnings press release issued by Federated Hermes, Inc. dated October 29, 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 October 29, 2026 By: /s/ Thomas R. Donahue

Thomas R. Donahue

Chief Financial Officer

EX-99.1

Filename: a991-2026q3earningspressre.htm · Sequence: 2

Document

Exhibit 99.1

Federated Hermes, Inc. reports third quarter 2026 earnings

•Q3 2026 earnings per diluted share of $1.50

•Equity assets reach a record $110.5 billion

•Board declares $0.38 per share dividend

(PITTSBURGH, Pa., Oct. 29, 2026) — Federated Hermes, Inc. (NYSE: FHI), a global leader in active investing, today reported earnings per diluted share (EPS) of $1.50 for Q3 2026, compared to EPS of $1.34 for the same quarter last year, on net income of $111.9 million for Q3 2026, compared to net income of $104.1 million for Q3 2025.

Federated Hermes' total managed assets were $884.4 billion at Sept. 30, 2026, up $13.2 billion or 2% from $871.2 billion at Sept. 30, 2025 and down $27.2 billion or 3% from $911.6 billion at June 30, 2026. Total average managed assets for Q3 2026 were $897.7 billion, up $38.2 billion or 4% from $859.5 billion for Q3 2025 and down $12.3 billion or 1% from $910.0 billion for Q2 2026.

"Federated Hermes generated positive net equity sales in the third quarter of 2026, including across our MDT suite of quantitative investment solutions. Assets in MDT institutional separate accounts and MDT subadvised accounts, as well as total equity assets, reached record highs," said J. Christopher Donahue, president and chief executive officer. "We also continued to see demand for our alternative strategies, including our MDT Market Neutral offerings, with alternative/private markets fund assets reaching record highs."

Federated Hermes' board of directors declared a dividend of $0.38 per share. The dividend is payable on Nov. 13, 2026 to shareholders of record as of Nov. 6, 2026. During Q3 2026, Federated Hermes purchased 992,312 shares of Federated Hermes class B common stock for $57.4 million.

Equity assets were a record $110.5 billion at Sept. 30, 2026, up $15.8 billion or 17% from $94.7 billion at Sept. 30, 2025 and up $0.9 billion or 1% from $109.6 billion at June 30, 2026. Top-selling equity funds during Q3 2026 on a net basis were Federated Hermes MDT Large Cap Growth Fund, Federated Hermes MDT Small Cap Core ETF, Federated Hermes MDT All Cap Core Fund, Federated Hermes MDT Large Cap Value Fund and Federated Hermes U.S. Strategic Dividend ETF.

Fixed-income assets were $99.4 billion at Sept. 30, 2026, down $2.4 billion or 2% from $101.8 billion at Sept. 30, 2025 and down $1.1 billion or 1% from $100.5 billion at June 30, 2026. Top-selling fixed-income funds during Q3 2026 on a net basis were Federated Hermes Sterling Cash Plus Fund, Federated Hermes Municipal Ultrashort Fund, Federated Hermes Ultrashort Bond Fund, Federated Hermes Total Return Bond ETF and Federated Hermes Conservative Municipal Microshort Fund.

Alternative/private markets assets were $21.7 billion at Sept. 30, 2026, up $2.7 billion or 14% from $19.0 billion at Sept. 30, 2025 and up $0.1 billion from $21.6 billion at June 30, 2026.

Money market assets were $649.9 billion at Sept. 30, 2026, down $2.9 billion from $652.8 billion at Sept. 30, 2025 and down $27.0 billion or 4% from $676.9 billion at June 30, 2026. Money market fund assets were $486.3 billion at Sept. 30, 2026, down $6.4 billion or 1% from $492.7 billion at Sept. 30, 2025 and down $13.6 billion or 3% from $499.9 billion at June 30, 2026.

MEDIA: ANALYSTS:

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

Federated Hermes reports Q3 2026 earnings

Page 2 of 13

Financial Summary

Q3 2026 vs. Q3 2025

Revenue increased $37.9 million or 8% primarily due to an increase from higher average equity assets and the Q2 2026 acquisition of FCP Fund Manager, L.P., now operating as Federated Hermes FCP Manager, LLC (FCP).

During Q3 2026, Federated Hermes derived 50% of its revenue from long-term assets (32% from equity, 10% from fixed-income and 8% from alternative/private markets and multi-asset), 49% from money market assets and 1% from sources other than managed assets.

Operating expenses increased $14.0 million or 4% primarily due to an $8.5 million increase in distribution expenses resulting primarily from higher average money market fund assets and a $7.1 million increase in compensation and related expense primarily due to the acquisition of FCP.

Nonoperating income (expenses), net for Q3 2026 decreased $12.1 million primarily due to a decrease in the market value of investments in Q3 2026 as compared to an increase in the market value of investments in Q3 2025 and a decrease in interest and dividend income.

Q3 2026 vs. Q2 2026

Revenue increased $4.6 million or 1% primarily due to higher average equity assets.

Operating expenses decreased $15.9 million or 4% primarily due to a $9.8 million decrease in compensation and related expense and a $6.1 million decrease in professional service fees expense primarily due to $6.5 million and $4.6 million, respectively, of FCP acquisition-related expenses in Q2 2026.

Nonoperating income (expenses), net decreased $12.4 million primarily due to a decrease in the market value of investments in Q3 2026 as compared to an increase in the market value of investments in Q2 2026.

YTD 2026 vs. YTD 2025

Revenue increased $171.2 million or 13% primarily due to an increase from higher average equity assets and money market assets and the acquisition of FCP in Q2 2026.

For the first nine months of 2026, Federated Hermes derived 51% of its revenue from money market assets, 48% from long-term assets (31% 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 $137.0 million or 15% primarily due to a $57.5 million increase in distribution expenses resulting primarily from higher average money market fund assets, a $34.6 million increase in compensation and related expense primarily due to compensation related to the acquisition of FCP and higher incentive compensation, an increase of $25.2 million 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 $9.0 million increase in professional service fees primarily due to FCP acquisition-related expenses and an increase in global project costs.

Nonoperating income (expenses), net decreased $15.5 million primarily due to the deconsolidation of two Federated Hermes Funds.

Federated Hermes reports Q3 2026 earnings

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Earnings call information

Federated Hermes will host an earnings conference call at 9 a.m. Eastern on Friday, Oct. 30, 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 and select links for Investor Relations and Earnings call and webcast. A replay will be available at approximately 12:30 p.m. Eastern on Oct. 30, 2026. To access the telephone replay, dial 877-481-4010 (domestic) or 919-882-2331 (international) and enter access code 54652. The online replay will be available via FederatedHermes.com for three months.

About Federated Hermes

Federated Hermes, Inc. is a global leader in active investment management, with $884.4 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 2,100 employees in London, New York, Boston and offices worldwide.

Federated Hermes ranks in the top 5% of equity fund managers, the top 9% 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.

###

1) As of Sept. 30, 2026.

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

3) Money Management Institute/Cerulli Q2 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.

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

Federated Hermes reports Q3 2026 earnings

Page 4 of 13

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 Q3 2026 earnings

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Unaudited Condensed Consolidated Statements of Income

(in thousands, except per share data)

Quarter Ended % Change Q3 2025 to Q3 2026 Quarter Ended % Change Q2 2026 to Q3 2026

Sept. 30, 2026 Sept. 30, 2025 June 30, 2026

Revenue

Investment advisory fees, net $ 346,791 $ 310,366 12 % $ 337,721 3 %

Administrative service fees, net—affiliates 110,492 107,234 3 110,117 0

Other service fees, net 50,046 51,846 (3) 54,938 (9)

Total Revenue 507,329 469,446 8 502,776 1

Operating Expenses

Compensation and related 151,706 144,563 5 161,528 (6)

Distribution 122,038 113,569 7 121,766 0

Systems and communications 26,156 26,023 1 25,950 1

Professional service fees 19,510 20,239 (4) 25,610 (24)

Office and occupancy 9,522 10,129 (6) 9,836 (3)

Advertising and promotional 5,548 5,264 5 7,329 (24)

Intangible asset related 4,924 3,556 38 6,384 (23)

Travel and related 4,782 4,665 3 4,558 5

Other 9,836 11,986 (18) 6,934 42

Total Operating Expenses 354,022 339,994 4 369,895 (4)

Operating Income 153,307 129,452 18 132,881 15

Nonoperating Income (Expenses)

Investment income (loss), net 1,951 14,105 (86) 14,330 (86)

Debt expense (3,165) (3,182) (1) (3,159) 0

Other, net (27) (48) (44) (22) 23

Total Nonoperating Income (Expenses), net (1,241) 10,875 (111) 11,149 (111)

Income before income taxes 152,066 140,327 8 144,030 6

Income tax provision 41,187 34,232 20 37,216 11

Net income including the noncontrolling interests in subsidiaries 110,879 106,095 5 106,814 4

Less: Net income (loss) attributable to the noncontrolling interests in subsidiaries (1,006) 1,969 (151) 2,496 (140)

Net Income $ 111,885 $ 104,126 7 % $ 104,318 7 %

Amounts Attributable to Federated Hermes, Inc.

Earnings Per Share1

Basic and diluted $ 1.50 $ 1.34 12 % $ 1.38 9 %

Weighted-Average Shares Outstanding

Basic 70,996 74,057 71,944

Diluted 70,997 74,057 71,947

Dividends Declared Per Share $ 0.38 $ 0.34 $ 0.38

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 $5.1 million, $4.7 million and $4.8 million available to unvested restricted Federated Hermes shareholders for the quarterly periods ended Sept. 30, 2026, Sept. 30, 2025 and June 30, 2026, respectively, was excluded from the computation of earnings per share.

Federated Hermes reports Q3 2026 earnings

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Unaudited Condensed Consolidated Statements of Income

(in thousands, except per share data)

Nine Months Ended

Sept. 30, 2026 Sept. 30, 2025 % Change

Revenue

Investment advisory fees, net $ 1,003,920 $ 885,261 13 %

Administrative service fees, net—affiliates

330,894 310,000 7

Other service fees, net 154,248 122,569 26

Total Revenue 1,489,062 1,317,830 13

Operating Expenses

Compensation and related 467,353 432,705 8

Distribution 369,548 312,052 18

Systems and communications 78,570 73,730 7

Professional service fees 66,456 57,415 16

Office and occupancy 29,419 29,991 (2)

Advertising and promotional 16,975 15,985 6

Intangible asset related 14,730 10,255 44

Travel and related 13,190 12,335 7

Other 20,302 (4,946)

Total Operating Expenses 1,076,543 939,522 15

Operating Income 412,519 378,308 9

Nonoperating Income (Expenses)

Investment income (loss), net 22,935 38,527 (40)

Debt expense (9,509) (9,531) 0

Other, net (80) (110) (27)

Total Nonoperating Income (Expenses), net 13,346 28,886 (54)

Income before income taxes 425,865 407,194 5

Income tax provision

112,226 100,532 12

Net income including the noncontrolling interests in subsidiaries 313,639 306,662 2

Less: Net income (loss) attributable to the noncontrolling interests in subsidiaries 1,058 10,402 (90)

Net Income $ 312,581 $ 296,260 6 %

Amounts Attributable to Federated Hermes, Inc.

Earnings Per Share1

Basic and diluted $ 4.15 $ 3.75 11 %

Weighted-Average Shares Outstanding

Basic 71,856 75,541

Diluted 71,858 75,544

Dividends Declared Per Share $ 1.10 $ 0.99

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 $14.2 million and $13.3 million available to unvested restricted Federated Hermes shareholders for the nine months ended Sept. 30, 2026 and Sept. 30, 2025, respectively, was excluded from the computation of earnings per share.

Federated Hermes reports Q3 2026 earnings

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Unaudited Condensed Consolidated Balance Sheets

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

Assets

Cash and other investments $ 580,271 $ 724,297

Other current assets 162,327 139,495

Intangible assets, net, including goodwill 1,499,333 1,183,612

Other long-term assets 225,146 181,933

Total Assets $ 2,467,077 $ 2,229,337

Liabilities, Redeemable Noncontrolling Interests and Equity

Current liabilities $ 299,649 $ 314,141

Long-term debt 348,565 348,369

Other long-term liabilities 356,000 303,350

Redeemable noncontrolling interests 171,943 66,529

Equity excluding treasury stock 2,322,714 2,070,162

Treasury stock (1,031,794) (873,214)

Total Liabilities, Redeemable Noncontrolling Interests and Equity $ 2,467,077 $ 2,229,337

Federated Hermes reports Q3 2026 earnings

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Unaudited Changes in Long-Term Assets - By Asset Class

(in millions) Quarter Ended Nine Months Ended

Sept. 30, 2026 June 30, 2026 Sept. 30, 2025 Sept. 30, 2026 Sept. 30, 2025

Equity

Beginning assets $ 109,590 $ 100,832 $ 88,994 $ 97,898 $ 79,423

Sales1

8,527 9,062 6,845 26,680 22,218

Redemptions1

(6,624) (10,202) (6,975) (23,704) (19,148)

Net sales (redemptions)1

1,903 (1,140) (130) 2,976 3,070

Net exchanges 1 134 154 (4) 40

Impact of foreign exchange2

(81) (37) (85) (405) 1,692

Market gains and (losses)3

(874) 9,801 5,723 10,074 10,431

Ending assets $ 110,539 $ 109,590 $ 94,656 $ 110,539 $ 94,656

Fixed Income

Beginning assets $ 100,487 $ 99,798 $ 98,687 $ 100,127 $ 98,059

Sales1

7,085 7,687 7,545 20,699 18,756

Redemptions1

(6,385) (7,864) (5,887) (20,598) (19,827)

Net sales (redemptions)1

700 (177) 1,658 101 (1,071)

Net exchanges (7) (153) (134) (12) (28)

Impact of foreign exchange2

(20) (12) (22) (72) 271

Market gains and (losses)3

(1,761) 1,031 1,624 (745) 4,582

Ending assets $ 99,399 $ 100,487 $ 101,813 $ 99,399 $ 101,813

Alternative/Private Markets

Beginning assets $ 21,647 $ 18,991 $ 20,738 $ 19,101 $ 18,864

Sales1

562 650 670 1,841 2,537

Redemptions1

(701) (1,002) (2,291) (2,250) (3,866)

Net sales (redemptions)1

(139) (352) (1,621) (409) (1,329)

Net exchanges 1 8 0 9 0

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

Impact of foreign exchange2

(11) 26 (341) (260) 1,282

Market gains and (losses)3

236 (263) 248 56 98

Ending assets $ 21,734 $ 21,647 $ 19,024 $ 21,734 $ 19,024

Multi-asset

Beginning assets $ 2,939 $ 2,778 $ 2,856 $ 2,854 $ 2,883

Sales1

45 41 45 144 152

Redemptions1

(85) (102) (92) (281) (334)

Net sales (redemptions)1

(40) (61) (47) (137) (182)

Net exchanges 0 0 (3) 1 (3)

Market gains and (losses)3

(44) 222 134 137 242

Ending assets $ 2,855 $ 2,939 $ 2,940 $ 2,855 $ 2,940

Total Long-term Assets

Beginning assets $ 234,663 $ 222,399 $ 211,275 $ 219,980 $ 199,229

Sales1

16,219 17,440 15,105 49,364 43,663

Redemptions1

(13,795) (19,170) (15,245) (46,833) (43,175)

Net sales (redemptions)1

2,424 (1,730) (140) 2,531 488

Net exchanges (5) (11) 17 (6) 9

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

Impact of foreign exchange2

(112) (23) (448) (737) 3,245

Market gains and (losses)3

(2,443) 10,791 7,729 9,522 15,353

Ending assets $ 234,527 $ 234,663 $ 218,433 $ 234,527 $ 218,433

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 Q3 2026 earnings

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

(in millions)

Quarter Ended

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

Sales 4,333 4,194 3,841 3,244 489 73 44 1 8,707 7,512

Redemptions (4,322) (2,302) (4,040) (2,345) (566) (135) (85) 0 (9,013) (4,782)

Net sales (redemptions) 11 1,892 (199) 899 (77) (62) (41) 1 (306) 2,730

Net exchanges 1 0 (7) 0 1 0 0 0 (5) 0

Impact of foreign exchange2

(53) (28) (13) (7) (7) (4) 0 0 (73) (39)

Market gains and (losses)3

(922) 48 (1,001) (760) 244 (8) (45) 1 (1,724) (719)

Ending assets $ 63,106 $ 47,433 $ 44,969 $ 54,430 $ 15,079 $ 6,655 $ 2,849 $ 6 $ 126,003 $ 108,524

Nine Months Ended

Sept. 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 15,631 11,049 11,693 9,006 1,674 167 143 1 29,141 20,223

Redemptions (12,963) (10,741) (12,027) (8,571) (1,545) (705) (281) 0 (26,816) (20,017)

Net sales (redemptions) 2,668 308 (334) 435 129 (538) (138) 1 2,325 206

Net exchanges (24) 20 (12) 0 9 0 1 0 (26) 20

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

Impact of foreign exchange2

(279) (126) (42) (30) (154) (106) 0 0 (475) (262)

Market gains and (losses)3

5,753 4,321 (616) (129) 222 (166) 136 1 5,495 4,027

Ending assets $ 63,106 $ 47,433 $ 44,969 $ 54,430 $ 15,079 $ 6,655 $ 2,849 $ 6 $ 126,003 $ 108,524

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 Q3 2026 earnings

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Unaudited Changes in Long-Term Assets - By Offering Type

(in millions)

Quarter Ended Nine Months Ended

Sept. 30, 2026 June 30, 2026 Sept. 30, 2025 Sept. 30, 2026 Sept. 30, 2025

Total Fund Assets

Beginning assets $ 128,111 $ 116,222 $ 110,409 $ 115,896 $ 103,567

Sales 8,707 9,927 9,018 29,141 27,050

Redemptions (9,013) (8,837) (8,349) (26,816) (26,278)

Net sales (redemptions) (306) 1,090 669 2,325 772

Net exchanges (5) (1) 17 (26) 20

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

Impact of foreign exchange1

(73) (59) (294) (475) 1,704

Market gains and (losses)2

(1,724) 8,071 4,414 5,495 9,043

Ending assets $ 126,003 $ 128,111 $ 115,215 $ 126,003 $ 115,215

Total Separate Account Assets3

Beginning assets $ 106,552 $ 106,177 $ 100,866 $ 104,084 $ 95,662

Sales4

7,512 7,513 6,087 20,223 16,613

Redemptions4

(4,782) (10,333) (6,896) (20,017) (16,897)

Net sales (redemptions)4

2,730 (2,820) (809) 206 (284)

Net exchanges 0 (10) 0 20 (11)

Acquisitions/(dispositions) 0 449 0 449 0

Impact of foreign exchange1

(39) 36 (154) (262) 1,541

Market gains and (losses)2

(719) 2,720 3,315 4,027 6,310

Ending assets $ 108,524 $ 106,552 $ 103,218 $ 108,524 $ 103,218

Total Long-term Assets3

Beginning assets $ 234,663 $ 222,399 $ 211,275 $ 219,980 $ 199,229

Sales4

16,219 17,440 15,105 49,364 43,663

Redemptions4

(13,795) (19,170) (15,245) (46,833) (43,175)

Net sales (redemptions)4

2,424 (1,730) (140) 2,531 488

Net exchanges (5) (11) 17 (6) 9

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

Impact of foreign exchange1

(112) (23) (448) (737) 3,245

Market gains and (losses)2

(2,443) 10,791 7,729 9,522 15,353

Ending assets $ 234,527 $ 234,663 $ 218,433 $ 234,527 $ 218,433

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 Q3 2026 earnings

Page 11 of 13

Unaudited Managed Assets

(in millions)

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

By Asset Class

Equity1

$ 110,539 $ 109,590 $ 100,832 $ 97,898 $ 94,656

Fixed-Income 99,399 100,487 99,798 100,127 101,813

Alternative / Private Markets 21,734 21,647 18,991 19,101 19,024

Multi-Asset1

2,855 2,939 2,778 2,854 2,940

Total Long-Term Assets 234,527 234,663 222,399 219,980 218,433

Money Market 649,883 676,897 684,748 682,604 652,767

Total Managed Assets $ 884,410 $ 911,560 $ 907,147 $ 902,584 $ 871,200

By Offering Type

Funds:

Equity $ 63,106 $ 64,069 $ 55,188 $ 54,988 $ 54,110

Fixed-Income 44,969 46,189 45,921 45,973 46,478

Alternative / Private Markets 15,079 14,918 12,339 12,085 11,814

Multi-Asset 2,849 2,935 2,774 2,850 2,813

Total Long-Term Assets 126,003 128,111 116,222 115,896 115,215

Money Market 486,270 499,927 502,775 508,403 492,701

Total Fund Assets $ 612,273 $ 628,038 $ 618,997 $ 624,299 $ 607,916

Separate Accounts:

Equity1

$ 47,433 $ 45,521 $ 45,644 $ 42,910 $ 40,546

Fixed-Income 54,430 54,298 53,877 54,154 55,335

Alternative / Private Markets 6,655 6,729 6,652 7,016 7,210

Multi-Asset1

6 4 4 4 127

Total Long-Term Assets 108,524 106,552 106,177 104,084 103,218

Money Market 163,613 176,970 181,973 174,201 160,066

Total Separate Account Assets $ 272,137 $ 283,522 $ 288,150 $ 278,285 $ 263,284

Total Managed Assets $ 884,410 $ 911,560 $ 907,147 $ 902,584 $ 871,200

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

Federated Hermes reports Q3 2026 earnings

Page 12 of 13

Unaudited Average Managed Assets Quarter Ended

(in millions)

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

By Asset Class

Equity1

$ 112,104 $ 107,031 $ 102,037 $ 96,404 $ 92,436

Fixed-Income 100,137 100,041 100,996 100,855 99,206

Alternative / Private Markets 22,000 22,359 19,232 18,971 19,862

Multi-Asset1

2,928 2,898 2,859 2,836 2,895

Total Long-Term Assets 237,169 232,329 225,124 219,066 214,399

Money Market 660,526 677,685 690,450 654,635 645,092

Total Avg. Managed Assets $ 897,695 $ 910,014 $ 915,574 $ 873,701 $ 859,491

By Offering Type

Funds:

Equity $ 64,370 $ 60,933 $ 56,987 $ 55,101 $ 51,828

Fixed-Income 46,043 45,827 46,096 46,116 45,743

Alternative / Private Markets 15,198 15,253 12,254 11,871 12,347

Multi-Asset 2,923 2,893 2,855 2,833 2,770

Total Long-Term Assets 128,534 124,906 118,192 115,921 112,688

Money Market 491,758 498,338 507,752 493,355 482,237

Total Avg. Fund Assets $ 620,292 $ 623,244 $ 625,944 $ 609,276 $ 594,925

Separate Accounts:

Equity1

$ 47,734 $ 46,098 $ 45,050 $ 41,303 $ 40,608

Fixed-Income 54,094 54,214 54,900 54,739 53,463

Alternative / Private Markets 6,802 7,106 6,978 7,100 7,515

Multi-Asset1

5 5 4 3 125

Total Long-Term Assets 108,635 107,423 106,932 103,145 101,711

Money Market 168,768 179,347 182,698 161,280 162,855

Total Avg. Separate Account Assets $ 277,403 $ 286,770 $ 289,630 $ 264,425 $ 264,566

Total Avg. Managed Assets $ 897,695 $ 910,014 $ 915,574 $ 873,701 $ 859,491

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

Federated Hermes reports Q3 2026 earnings

Page 13 of 13

Unaudited Average Managed Assets Nine Months Ended

(in millions) Sept. 30, 2026 Sept. 30, 2025

By Asset Class

Equity1

$ 107,057 $ 86,035

Fixed-Income 100,392 98,977

Alternative / Private Markets 21,197 19,642

Multi-Asset1

2,895 2,858

Total Long-Term Assets 231,541 207,512

Money Market 676,220 639,154

Total Avg. Managed Assets $ 907,761 $ 846,666

By Offering Type

Funds:

Equity $ 60,763 $ 47,684

Fixed-Income 45,989 45,477

Alternative / Private Markets 14,235 12,109

Multi-Asset 2,890 2,733

Total Long-Term Assets 123,877 108,003

Money Market 499,283 469,549

Total Avg. Fund Assets $ 623,160 $ 577,552

Separate Accounts:

Equity1

$ 46,294 $ 38,351

Fixed-Income 54,403 53,500

Alternative / Private Markets 6,962 7,533

Multi-Asset1

5 125

Total Long-Term Assets 107,664 99,509

Money Market 176,937 169,605

Total Avg. Separate Account Assets $ 284,601 $ 269,114

Total Avg. Managed Assets $ 907,761 $ 846,666

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

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