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
DateValue
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