Federated Hermes (FHI) Operating Expenses (2009 - 2026)
Federated Hermes (FHI) reported Operating Expenses of $352.6 million for Q1 2026, up 20.86% on a YoY basis from $291.8 million in Q1 2025, and up 1.55% sequentially from $347.3 million in Q4 2025.
Federated Hermes (FHI) Operating Expenses (2009 - 2026) Analysis & Trends
Federated Hermes (FHI) has 18 years of Operating Expenses data on file, last reported at $352.6 million in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses rose 20.86% year-over-year to $352.6 million; the trailing twelve-month figure through Mar 2026 stood at $1.3 billion (up 6.57% YoY), and the FY2025 full-year result was $1.3 billion, up 1.27% from the prior year.
- Operating Expenses improved to $352.6 million in Q1 2026, from $347.3 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $361.9 million in Q2 2024 to a low of $240.8 million in Q1 2022.
- A 5-year average of $308.3 million and a median of $301.2 million in 2023 frame the typical range for Operating Expenses.
- Across the five-year window, Operating Expenses jumped 33.08% in 2022 and declined 14.95% in 2025, its largest moves.
- Tracing FHI's Operating Expenses over 5 years: stood at $310.2 million in 2022, then dropped by 6.84% to $288.9 million in 2023, then gained by 8.77% to $314.3 million in 2024, then rose by 10.5% to $347.3 million in 2025, then increased by 1.55% to $352.6 million in 2026.
- Business Quant data shows FHI's Operating Expenses at $352.6 million in Q1 2026, $347.3 million in Q4 2025, and $340.0 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Brookfield | 1,236.60 Bn | 1,311.20 Bn | 18.56 Bn | -14.14 Bn |
| 2 | BlackRock | 161.01 Bn | 148.08 Bn | - | 3.88 Bn |
| 3 | Blackstone | 97.77 Bn | 96.72 Bn | - | 2.26 Bn |
| 4 | Apollo Global Management | 70.80 Bn | 90.38 Bn | -409.00 Mn | 4.68 Bn |
| 5 | State Street | 51.30 Bn | 51.30 Bn | - | 2.81 Bn |
| 6 | Ameriprise Financial | 48.54 Bn | 39.27 Bn | 4.57 Bn | 3.67 Bn |
| 7 | Northern Trust | 32.93 Bn | 32.93 Bn | - | 1.51 Bn |
| 8 | Raymond James Financial | 32.59 Bn | 17.67 Bn | - | 3.12 Bn |
| 9 | Price T Rowe | 24.70 Bn | 21.13 Bn | - | 1.18 Bn |
| 10 | Federated Hermes | 4.16 Bn | 3.70 Bn | 353.21 Mn | 352.63 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 352.63 Mn |
| Dec 31, 2025 | 347.26 Mn |
| Sep 30, 2025 | 339.99 Mn |
| Jun 30, 2025 | 307.76 Mn |
| Mar 31, 2025 | 291.77 Mn |
| Dec 31, 2024 | 314.26 Mn |
| Sep 30, 2024 | 296.71 Mn |
| Jun 30, 2024 | 361.87 Mn |
| Mar 31, 2024 | 297.79 Mn |
| Dec 31, 2023 | 288.93 Mn |
| Sep 30, 2023 | 301.23 Mn |
| Jun 30, 2023 | 334.84 Mn |
| Mar 31, 2023 | 297.02 Mn |
| Dec 31, 2022 | 310.15 Mn |
| Sep 30, 2022 | 284.36 Mn |
| Jun 30, 2022 | 273.69 Mn |
| Mar 31, 2022 | 240.82 Mn |
| Dec 31, 2021 | 233.06 Mn |
| Sep 30, 2021 | 228.19 Mn |
| Jun 30, 2021 | 229.23 Mn |