Earnings Releases·Oct 29, 2026, 4:36 PM ET

Federated Hermes, Inc. — Q3 2026 Earnings Summary

Q3 2026 earnings per diluted share rose 12% to $1.50 (vs. $1.34 in Q3 2025), with net income increasing to $111.9 million and total revenue up 8% year-over-year to $507.3 million, driven by higher average equity assets and the Q2 2026 acquisition of FCP Fund Manager, L.P.
Total managed assets reached $884.4 billion at September 30, 2026 (up 2% YoY), with equity assets hitting a record $110.5 billion (up 17%) and alternative/private markets assets reaching record highs of $21.7 billion (up 14%).
The Board declared a quarterly dividend of $0.38 per share, and the company repurchased 992,312 Class B shares for $57.4 million during Q3 2026.
Operating expenses increased 4% year-over-year to cover $8.5 million in higher distribution costs and $7.1 million in compensation related to the FCP acquisition, while nonoperating income decreased $12.1 million due to lower investment market values.
No specific forward guidance or future growth targets were provided in the press release.