Federated Hermes (FHI) Operating Expenses (2009 - 2026)
Federated Hermes (FHI) posted quarterly Operating Expenses of $369.9 million for Q2 2026, up 20.19% year-over-year from $307.8 million in Q2 2025, and up 4.9% on a QoQ basis from $352.6 million in Q1 2026.
Federated Hermes (FHI) Operating Expenses (2009 - 2026) Analysis & Trends
Federated Hermes has reported Operating Expenses for 18 years, with the latest figure at $369.9 million in Q2 2026.
- Operating Expenses for Q2 2026 came in at $369.9 million, up 20.19% year-over-year; the trailing twelve-month figure through Jun 2026 was $1.4 billion (up 16.46% YoY), and the FY2025 annual result was $1.3 billion, up 1.27% from the prior year.
- Operating Expenses climbed to $369.9 million in Q2 2026, from $352.6 million in the prior quarter.
- Over five years, Operating Expenses peaked at $369.9 million in Q2 2026 and troughed at $240.8 million in Q1 2022.
- A 5-year average of $311.7 million and a median of $304.5 million in 2023 frame the typical range for Operating Expenses.
- The widest annual swing landed in 2022, when Operating Expenses jumped 33.08%; it then declined 14.95% in 2025.
- A 5-year view of Operating Expenses shows it stood at $310.2 million in 2022, then retreated by 6.84% to $288.9 million in 2023, then grew by 8.77% to $314.3 million in 2024, then climbed by 10.5% to $347.3 million in 2025, then grew 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 179.54 Bn | 165.67 Bn | - | 4.62 Bn |
| 2 | Blackstone | 114.83 Bn | 112.32 Bn | - | 2.38 Bn |
| 3 | Kkr | 97.26 Bn | -179.81 Bn | - | 5.41 Bn |
| 4 | Brookfield | 93.07 Bn | 45.66 Bn | - | 14.94 Bn |
| 5 | Brookfield Asset Management | 83.46 Bn | 81.96 Bn | - | 659.00 Mn |
| 6 | Apollo Global Management | 78.41 Bn | 53.04 Bn | 10.54 Bn | 8.74 Bn |
| 7 | State Street | 51.66 Bn | 51.66 Bn | - | 2.66 Bn |
| 8 | Ameriprise Financial | 51.12 Bn | 40.07 Bn | 4.72 Bn | 3.50 Bn |
| 9 | Raymond James Financial | 33.99 Bn | 20.74 Bn | - | 3.18 Bn |
| 10 | Federated Hermes | 4.57 Bn | 4.15 Bn | 381.01 Mn | 369.90 Mn |
Historic Data
Download 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 |