Quarterly ResultJul 30, 2026, 05:07 PM
Federated Hermes Q2 EPS $1.38; Record AUM $911.6B
AI Summary
Federated Hermes reported strong second-quarter 2026 results, with diluted EPS of $1.38, a 19% increase from the prior year, and net income of $104.3 million. The company achieved record total assets under management of $911.6 billion and record equity assets of $109.6 billion. Strategic initiatives included the launch of two new ETFs, an investment fund for the blockchain ecosystem, and the acquisition of a majority interest in FCP Fund Manager, L.P. The board also declared a $0.38 per share dividend and the company repurchased $58.9 million in shares.
Key Highlights
- Q2 2026 diluted EPS increased 19% to $1.38 from $1.16 in Q2 2025.
- Net income for Q2 2026 rose 15% to $104.3 million from $91.0 million in Q2 2025.
- Total assets under management reached a record $911.6 billion, up 8% year-over-year.
- Equity assets hit a record $109.6 billion, increasing 23% from Q2 2025.
- Acquired a majority interest in FCP Fund Manager, L.P., adding $3.2 billion in assets.
- Board declared a quarterly dividend of $0.38 per share.
- Repurchased 1,119,805 shares of common stock for $58.9 million.
- Total revenue increased 18% to $502.8 million in Q2 2026.
Price Impact
More from FHI