Federated Hermes (FHI) Operating Expenses (2009 - 2026)
Federated Hermes' (FHI) quarterly Operating Expenses came in at $369.9 million in Q2 2026, up 20.19% year-over-year from $307.8 million in Q2 2025, and up 4.9% quarter-over-quarter from $352.6 million in Q1 2026.
Analysis
Federated Hermes (FHI) Operating Expenses (2009 - 2026) Analysis & Trends
Federated Hermes has disclosed Operating Expenses across 18 years of filings, most recently posting $369.9 million for Q2 2026.
- In Q2 2026, Operating Expenses rose 20.19% year-over-year to $369.9 million; the TTM figure through Jun 2026 stood at $1.4 billion (up 16.46% YoY), while the FY2025 annual figure was $1.3 billion, up 1.27% from the prior year.
- Operating Expenses came in at $369.9 million for Q2 2026 at Federated Hermes, up from $352.6 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $369.9 million in Q2 2026 to a low of $240.8 million in Q1 2022.
- Average Operating Expenses over 5 years is $311.7 million, with a median of $304.5 million recorded in 2023.
- Year-over-year, Operating Expenses surged 33.08% in 2022 and fell 14.95% in 2025.
- Over 5 years, Operating Expenses stood at $310.2 million in 2022, then declined by 6.84% to $288.9 million in 2023, then advanced by 8.77% to $314.3 million in 2024, then gained by 10.5% to $347.3 million in 2025, then advanced by 6.52% to $369.9 million in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $369.9 million in Q2 2026, $352.6 million in Q1 2026, and $347.3 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 164.98 Bn | 151.11 Bn | - | 4.62 Bn |
| 2 | Spdr Gold Trust | 143.46 Bn | -414.54 Bn | - | 149.76 Mn |
| 3 | Ishares Gold Trust | 30.01 Bn | -30.09 Bn | - | 43.37 Mn |
| 4 | World Gold Trust | 29.01 Bn | -74.06 Bn | - | 7.55 Mn |
| 5 | Principal Financial | 24.83 Bn | -28.13 Bn | 1.91 Bn | 3.41 Bn |
| 6 | iShares Silver Trust | 21.45 Bn | -6.76 Bn | - | 44.44 Mn |
| 7 | Franklin Resources | 17.39 Bn | 13.67 Bn | - | 2.14 Bn |
| 8 | Invesco | 14.41 Bn | 13.50 Bn | 1.79 Bn | 1.46 Bn |
| 9 | Affiliated Managers | 9.35 Bn | 8.94 Bn | - | 486.70 Mn |
| 10 | Federated Hermes | 4.39 Bn | 3.97 Bn | 381.01 Mn | 369.90 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 369.90 Mn |
| 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 |