| Metric | Value ($ M) | Q2 FY26 | Q3 FY25 |
|---|---|---|---|
| Revenue | 507.33 | 0.9% | 8.1% |
| Total Income | 507.33 | 0.9% | 8.1% |
| Expenditure | 354.02 | 4.3% | 4.1% |
| PBT | 152.07 | 5.6% | 8.4% |
| Net Profit | 111.89 | 7.3% | 7.5% |
| OPM | 30.22% | 3.79pp | 2.64pp |
| NPM | 22.05% | 1.31pp | 0.13pp |
| EPS | 1.50 | 8.7% | 11.9% |
Federated Hermes Reports Q3 2026 Earnings
30 Oct 2026 · 30 Oct, 2:11 am
Summary
Federated Hermes reported third quarter 2026 earnings per diluted share of $1.50, an increase from $1.34 in the prior year, with net income rising to $111.9 million from $104.1 million. Total managed assets grew 2% year-over-year to $884.4 billion, highlighted by record equity assets of $110.5 billion. Revenue for the quarter increased 8% to $507.3 million, primarily due to higher average equity assets and the acquisition of FCP Fund Manager. The company also announced a dividend of $0.38 per share.
Key Highlights
- 1
Federated Hermes reported earnings per diluted share of $1.50 for Q3 2026, an increase from $1.34 in the same quarter last year.
- 2
Net income for Q3 2026 was $111.9 million, up from $104.1 million in Q3 2025.
- 3
Total managed assets were $884.4 billion at Sept. 30, 2026, an increase of $13.2 billion or 2% from the prior year.
- 4
Equity assets reached a record $110.5 billion at Sept. 30, 2026, up 17% year-over-year.
- 5
Revenue increased 8% to $507.3 million for Q3 2026 compared to Q3 2025, driven by higher average equity assets and an acquisition.
- 6
The board of directors declared a dividend of $0.38 per share, payable on November 13, 2026.
Management Comments
J. Christopher Donahue
Federated Hermes generated positive net equity sales in the third quarter of 2026, including across our MDT suite of quantitative investment solutions. Assets in MDT institutional separate accounts and MDT subadvised accounts, as well as total equity assets, reached record highs. We also continued to see demand for our alternative strategies, including our MDT Market Neutral offerings, with alternative/private markets fund assets reaching record highs.
Informational and educational content only. Not investment advice.