Business
Federated Hermes, Inc. reports record assets under management with first quarter 2026 earnings
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.
About this update from Federated Hermes, Inc.
[{"type":"list","items":[{"val":[{"type":"text","content":"Total assets under management reach a record $907.1 billion","length":59,"tagName":"p"}]},{"val":[{"type":"text","content":"Money market assets reach a record $684.7 billion","length":49,"tagName":"p"}]},{"val":[{"type":"text","content":"Equity assets reach a record $100.8 billion","length":43,"tagName":"p"}]},{"val":[{"type":"text","content":"Q1 2026 earnings per diluted share of $1.27","length":43,"tagName":"p"}]},{"val":[{"type":"text","content":"Quarterly dividend increased by 11.8% from previous quarter to $0.38 per share","length":78,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":272,"olType":false},{"type":"text","content":"PITTSBURGH, April 30, 2026 /PRNewswire/ -- 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.","length":545,"tagName":"p"},{"type":"text","content":"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.","length":416,"tagName":"p"},{"type":"text","content":""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...