Federated Hermes Inc. (FHI) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
1001 LIBERTY AVENUE PITTSBURGH, PA 15222 |
| State of Incorp. | PA |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6282 - Investment Advice (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 383 | 337 | 233 | 302 | 249 | 157 | |||
| Cash and cash equivalent | 383 | 337 | 233 | 302 | 249 | 157 | |||
| Restricted cash and investments | 3 | 4 | 4 | 6 | |||||
| Receivables | (0) | 94 | 96 | 147 | 140 | 95 | |||
| Prepaid expense | 30 | 27 | 29 | 22 | 17 | 17 | |||
| Other current assets | 6 | 8 | 7 | 8 | 2 | 2 | |||
| Other undisclosed current assets | 298 | 181 | 189 | 89 | 54 | 34 | |||
| Total current assets: | 721 | 651 | 559 | 575 | 461 | 304 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 99 | 93 | 108 | 122 | 101 | ✕ | |||
| Property, plant and equipment | 31 | 36 | 47 | 53 | 52 | 53 | |||
| Intangible assets, net (including goodwill) | 1,217 | 1,210 | 1,270 | 1,282 | 1,221 | 1,149 | |||
| Goodwill | 807 | 800 | 799 | 800 | 775 | 810 | |||
| Intangible assets, net (excluding goodwill) | 409 | 409 | 471 | 482 | 446 | 340 | |||
| Other noncurrent assets | 35 | 31 | 33 | 29 | 46 | 37 | |||
| Total noncurrent assets: | 1,381 | 1,369 | 1,459 | 1,485 | 1,419 | 1,240 | |||
| TOTAL ASSETS: | 2,102 | 2,020 | 2,018 | 2,061 | 1,880 | 1,544 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 158 | 150 | 162 | 171 | 137 | 114 | |||
| Employee-related liabilities | ✕ | ✕ | ✕ | 162 | 171 | 137 | 114 | ||
| Accrued liabilities | 158 | 150 | |||||||
| Debt | 14 | ||||||||
| Business combination, contingent consideration, liability | 4 | 2 | 7 | 8 | |||||
| Other liabilities | 24 | 15 | 27 | 17 | 11 | 11 | |||
| Other undisclosed current liabilities | 101 | 91 | 74 | 69 | 69 | 56 | |||
| Total current liabilities: | 287 | 257 | 271 | 265 | 231 | 181 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation: | 105 | 122 | 108 | ||||||
| Liabilities, other than long-term debt | 316 | 315 | 246 | 229 | 189 | 40 | |||
| Deferred income tax liabilities | 186 | 180 | 205 | 188 | 165 | ✕ | |||
| Other liabilities | 32 | 41 | 36 | 37 | 23 | 40 | |||
| Operating lease, liability | 94 | 87 | 105 | 122 | 108 | ✕ | |||
| Business combination, contingent consideration, liability | 4 | 7 | 5 | 5 | |||||
| Other undisclosed noncurrent liabilities | 344 | 341 | 219 | 71 | 100 | 283 | |||
| Total noncurrent liabilities: | 660 | 656 | 570 | 421 | 396 | 323 | |||
| Total liabilities: | 948 | 913 | 841 | 687 | 627 | 504 | |||
| Temporary equity, including noncontrolling interest | 26 | 62 | |||||||
| Equity | |||||||||
| Equity, attributable to parent, including: | 1,128 | 1,046 | 1,114 | 1,137 | 649 | 490 | |||
| Treasury stock, value | (521) | (365) | (538) | (325) | (281) | (287) | |||
| Additional paid in capital | 0 | ||||||||
| Accumulated other comprehensive income (loss) | (20) | (46) | 16 | 15 | (0) | (15) | |||
| Retained earnings | 1,195 | 1,016 | 1,187 | 1,028 | 930 | 792 | |||
| Other undisclosed equity, attributable to parent | 475 | 441 | 449 | 419 | |||||
| Other undisclosed equity | 63 | 237 | 392 | 367 | |||||
| Total equity: | 1,128 | 1,046 | 1,177 | 1,374 | 1,041 | 857 | |||
| Other undisclosed liabilities and equity | 212 | 183 | |||||||
| TOTAL LIABILITIES AND EQUITY: | 2,102 | 2,020 | 2,018 | 2,061 | 1,880 | 1,544 | |||
Income Statement (P&L) ($ in millions)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 1,610 | 1,446 | 1,300 | 1,448 | 1,327 | 1,136 | ||
| Gross profit: | 1,610 | 1,446 | 1,300 | 1,448 | 1,327 | 1,136 | ||
| Operating expenses | (1,222) | (1,109) | (934) | (1,030) | (979) | (805) | ||
| Operating income: | 388 | 337 | 366 | 418 | 348 | 330 | ||
| Nonoperating income (expense) | 24 | (31) | 10 | 28 | 17 | (34) | ||
| Investment income, nonoperating | 36 | (20) | 3 | 4 | 4 | 6 | ||
| Other nonoperating income (expense) | 1 | 0 | (1) | 8 | 13 | (30) | ||
| Interest and debt expense | (13) | (11) | (2) | (3) | (5) | (6) | ||
| Income from continuing operations before equity method investments, income taxes: | 399 | 295 | 375 | 443 | 360 | 290 | ||
| Other undisclosed income from continuing operations before income taxes | 13 | 11 | 2 | 3 | 5 | 6 | ||
| Income from continuing operations before income taxes: | 411 | 306 | 376 | 446 | 365 | 296 | ||
| Income tax expense | (107) | (72) | (104) | (110) | (88) | (74) | ||
| Income from continuing operations: | 305 | 235 | 272 | 336 | 277 | 222 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 272 | 336 | 277 | 222 | |
| Net income: | 305 | 235 | 272 | 336 | 277 | 222 | ||
| Net income (loss) attributable to noncontrolling interest | (6) | 5 | (2) | (10) | (5) | (2) | ||
| Net income attributable to parent: | 299 | 239 | 270 | 326 | 272 | 220 | ||
| Other undisclosed net loss available to common stockholders, basic | (14) | (12) | (11) | (13) | (10) | (9) | ||
| Net income available to common stockholders, basic: | 285 | 228 | 259 | 314 | 262 | 212 | ||
| Other undisclosed net loss available to common stockholders, diluted | (2) | (2) | (1) | (1) | ||||
| Net income available to common stockholders, diluted: | 285 | 228 | 257 | 311 | 261 | 211 | ||
Comprehensive Income ($ in millions)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 305 | 235 | 272 | 336 | 277 | 222 | ||
| Other comprehensive income (loss) | 26 | (64) | (6) | 22 | 21 | (20) | ||
| Comprehensive income: | 331 | 170 | 266 | 358 | 298 | 202 | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (6) | 5 | (2) | (10) | (5) | (2) | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (1) | 2 | 7 | (7) | (7) | 6 | ||
| Comprehensive income, net of tax, attributable to parent: | 325 | 177 | 271 | 342 | 287 | 206 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.