Quarterly ResultOct 29, 2026, 04:41 PM
Federated Hermes Q3 EPS $1.50, Equity Assets Hit Record $110.5B
AI Summary
Federated Hermes, Inc. reported strong third quarter 2026 results, with diluted earnings per share (EPS) of $1.50, a 12% increase year-over-year. Total managed assets grew 2% year-over-year to $884.4 billion, driven by a record $110.5 billion in equity assets, up 17% year-over-year. The company also announced a quarterly dividend of $0.38 per share and repurchased approximately $57.4 million of its stock. Revenue saw an 8% increase to $507.3 million, while operating expenses rose 4% to $354.0 million.
Key Highlights
- Federated Hermes reported Q3 2026 diluted EPS of $1.50, up 12% YoY from $1.34.
- Total managed assets were $884.4 billion at Sept. 30, 2026, up 2% YoY.
- Equity assets reached a record $110.5 billion, up 17% YoY.
- The company declared a quarterly dividend of $0.38 per share.
- Revenue increased 8% YoY to $507.3 million.
- Operating expenses increased 4% YoY to $354.0 million.
- Federated Hermes purchased 992,312 shares of common stock for $57.4 million in Q3 2026.
Price Impact
More from FHI