Slide 1: Federated Hermes, Inc. Analyst Update
Federated Hermes, Inc. Analyst Update Data as of June 30, 2026 1 52344 (7/26)
Slide 2: Forward-looking information
Forward-looking information Analyst Update, June 30, 2026 This presentation is provided as of the date on the cover and contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended.
Slide 3: Investment considerations
Federated Hermes Investment considerations Analyst Update, June 30, 2026 Federated Hermes offers world-class active management and engagement services that target financial outperformance across a wide range of asset classes for investors around the world Business mix offers potential for growth, st
Slide 4: Overview of Federated Hermes
Overview of Federated Hermes Global, active, responsible investment management and stewardship Analyst Update, June 30, 2026 Assets under management $911.6 billion Total revenue (Q2 ’26) $502.8 million Founded 1955 Top-tier liquidity management business with $676.9 billion in assets under management
Slide 5: Q2 2026 Highlights
Q2 2026 Highlights Analyst Update, June 30, 2026 $1.38 Earnings per share* $911.6 B Managed assets at Q2 period end $0.38 Declared dividend of $0.38 $109.6B Equity assets up $8.8 billion or 9% from $100.8 billion at 3/31/2026 $100.5 B Fixed-income assets up $0.7 billion or 1% from $99.8 billion at 3
Slide 6: Diversified mix of revenue from managed assets
Diversified mix of revenue from managed assets Analyst Update, June 30, 2026 Percentage of revenue less distribution expense by asset type* Money Market Average 32% High 44% Low 13% Fixed Income Average 16% High 22% Low 12% Equity** Average 44% High 56% Low 33% Alt/Private Market & Multi-asset Avera
Slide 7: Diversified multi-channel distribution
Diversified multi-channel distribution Total assets under management: $911.6 billion as of June 30, 2026 ($ in billions) Analyst Update, June 30, 2026 International 7% U.S. Institutional 26% U.S. Financial Intermediaries 67% U.S. Financial Intermediaries – Domestic Broker Dealers, Bank Trust, Privat
Slide 8: Equity strategies
Equity strategies Total equity AUM: $109.6 billion Analyst Update, June 30, 2026 Global/International $22.5 Quantitative Equity/MDT $37.6 Value/Income & Clover $0.4 Asia ex-Japan Fund $6.3 MDT All Cap Core $9.8 Clover All Cap Value $0.2 Global Equity ESG $2.0 MDT Mid Cap Growth $9.6 All Other $0.2 G
Slide 9: Fixed-income strategies
Fixed-income strategies Total fixed-income $100.5 billion and liquidity $676.9 billion AUM: $777.4 billion Analyst Update, June 30, 2026 Liquidity $676.9 Multi-Sector and Corporate $75.6 Municipal $7.5 Government $410.3 Multi-Sector Fixed Income Accounts $27.5 CWH Intermediate $3.6 Prime $247.6 Tota
Slide 10: Alternative/private markets and multi-asset strategies
Alternative/private markets and multi-asset strategies Total alternative/private markets $21.6 billion and multi-asset $2.9 billion AUM: $24.5 billion Analyst Update, June 30, 2026 Real Estate $8.0 Multi-asset $2.9 FCP Realty Funds $2.6 Muni and Stock Advantage $1.5 U.K. Property $1.3 Capital Income
Slide 11: 22 years of stewardship leadership
22 years of stewardship leadership EOS at Federated Hermes Limited Analyst Update, June 30, 2026 Assets under advisement (AUA) as of June 30, 2026 11 Past performance is no guarantee of future results
Slide 12: Monthly average mutual fund & SMA gross sales
Monthly average mutual fund & SMA gross sales Equity and multi-asset, fixed income and ultrashort ($ in millions) Analyst Update, June 30, 2026 *CAGR – Compound annual growth rate. 12 Alternative/Private Markets products are not illustrated.
Slide 13: Equity and fixed-income sales
Equity* and fixed-income sales Fund and separate accounts ($ in millions) Analyst Update, June 30, 2026 Fixed Income Equity Fixed Income 2023 2024 2025 2026 YTD Total Equity 2023 2024 2025 2026 YTD Total Gross sales $26,809 $25,590 $24,647 $13,614 $90,660 Gross sales $17,876 $16,370 $31,378 $18,252
Slide 14: Liquidity management
Liquidity management Money market funds & separate accounts Analyst Update, June 30, 2026 MMF & Separate Accounts Assets ($B) Total Period End AUM Average MMF AUM Average Separate Acct AUM Total Average AUM Broad product line Value-added services Strength in large banks MMF & Separate Accounts Asset
Slide 15: Money market fund assets
Money market fund* assets Analyst Update, June 30, 2026 Indexed Growth** vs. Money Stock, S&P 500, and Industry MMF CAGR (12/93 – 06/26) FHI MMF 9% Industry MMF 8% S&P 500 9% Money Stock 6% *Beginning in Q1 ‘17 – Includes money market fund subadvised accounts. Industry MMF Source: Investment Company
Slide 16: Separate accounts
Separate accounts Total assets under management: $283.5 billion as of June 30, 2026 ($ in billions) Analyst Update, June 30, 2026 Product Type Asset Type Alternative/Private Market 16 Total may not equal the sum of the parts due to rounding.
Slide 17: Acquisitions and alliances
Acquisitions and alliances Timeline of key historical transactions Analyst Update, June 30, 2026 2019 2020 2025 • Broad asset expansion • Private markets Centers of Excellence • $13.9B of total assets expansion • $1.6B of international • Full ownership 2008 + equity • $7.7B assets already reported 6
Slide 18: Global footprint
Global footprint Assets by region ($ in billions) Analyst Update, June 30, 2026 North America: $854.4 billion AMSTERDAM COPENHAGEN Europe: $49.5 billion LONDON FRANKFURT TORONTO • U.K. & Ireland: $29.0 DUBLIN ZURICH billion CLEVELAND CHICAGO BOSTON MILAN • CEMEA: $20.5 billion PITTSBURGH Asia Pacifi
Slide 19: Value delivered to shareholders
Value delivered to shareholders Historical uses of cash ($ in billions) Analyst Update, June 30, 2026 Uses of cash Uses of cash over time ($m) Acquisitions Share 22% Repurchases 35% Dividends 43% Total Share Repurchase/Acquisition/Dividend since IPO 1998: $7.2 billion Data as of 6/30/2026. Numbers m
Slide 20: Dividend history and weighted average shares outstanding
Dividend history and weighted average shares outstanding Since IPO in 1998 Analyst Update, June 30, 2026 CAGR: 10%* Total Regular Dividends: $23.03 Total Special Dividends: $8.53 $1.33 Data as of 6/30/2026. *CAGR ‘98 – ’25, special dividends not included. 20
Slide 21: Investment considerations
Federated Hermes Investment considerations Analyst Update, June 30, 2026 Federated Hermes offers world-class active management and engagement services that target financial outperformance across a wide range of asset classes for investors around the world Business mix offers potential for growth, st
Slide 22: Appendix
Appendix a
Slide 23: Appendix
Appendix Analyst Update, June 30, 2026 Managed assets by asset class Managed assets by product type Equity & Fixed Income fund sales Equity, Fixed Income Separate Account sales Revenue & distribution expense by asset type Financial highlights 23
Slide 24: Managed assets by asset class
Managed assets by asset class $ in billions Analyst Update, June 30, 2026 CAGR* Q2 ‘26 1998** Q2 ‘26 Q2 ’25 YoY % Chg. `98 -`26 Money market $ 676.9 $ 77.1 8% $ 676.9 $ 634.4 7% Equity 109.6 16.4 7% 109.6 89.0 23% Fixed income 100.5 18.1 6% 100.5 98.7 2% Alternative/private market 21.6 NA NA 21.6 20
Slide 25: Managed assets by product type
Managed assets by product type $ in billions Analyst Update, June 30, 2026 CAGR* Q2 ‘26 1998** Q2 ‘26 Q2 ’25 YoY % Chg. `98 -`26 Funds Money market $ 499.9 $ 77.1 7% $ 499.9 $468.0 7% Equity 64.1 15.5 5% 64.1 49.4 30% Fixed income 46.2 16.4 4% 46.2 45.4 2% Alternative/private markets 14.9 NA NA 14.9
Slide 26: Equity and fixed-income fund sales
Equity* and fixed-income fund sales $ in millions Analyst Update, June 30, 2026 Fixed Income Equity Fixed Income 2023 2024 2025 2026 YTD Total Equity 2023 2024 2025 2026 YTD Total Gross sales $14,739 $15,307 $14,289 $7,852 $52,187 Gross sales $9,180 $10,383 $20,148 $11,397 $51,108 Net sales ($1,869)
Slide 27: Equity and fixed-income separate account sales
Equity* and fixed-income separate account sales $ in millions Analyst Update, June 30, 2026 Fixed Income Equity Fixed Income 2023 2024 2025 2026 YTD Total Equity 2023 2024 2025 2026 YTD Total Gross sales $12,070 $10,283 $10,358 $5,762 $38,473 Gross sales $8,696 $5,987 $11,230 $6,855 $32,768 Net sale
Slide 28: Revenue and distribution expense by asset type
Revenue and distribution expense by asset type Reconciliation of non-GAAP measure ($ in millions) Analyst Update, June 30, 2026 Q2 2010 Q2 2011 Q2 2012 Q2 2013 Q2 2014 Q2 2015 Q2 2016 Q2 2017 Q2 2018 Q2 2019 Q2 2020 Q2 2021 Q2 2022 Q2 2023 Q2 2024 Q2 2025 Q2 2026 Revenue By Asset Type Money Markets
Slide 29: Financial highlights
Financial highlights $ in millions Analyst Update, June 30, 2026 BALANCE SHEET 6/30/26 12/31/25 12/31/24 12/31/23 12/31/22 12/31/21 12/31/20 12/31/19 12/31/18 12/31/17 12/31/16 HIGHLIGHTS $481 $724 $641 $561 $522 $427 $439 $341 $190 $370 $301 Cash & Investments (a) 348 348 348 348 348 223 75 100 135