Federated Hermes (FHI) Operating Margin (2009 - 2026)
Federated Hermes' (FHI) quarterly Operating Margin came in at 26.43% in Q2 2026, down 113.0% year-over-year from 203.3% in Q2 2025, and little changed quarter-over-quarter from 26.38% in Q1 2026.
Analysis
Federated Hermes (FHI) Operating Margin (2009 - 2026) Analysis & Trends
Federated Hermes has disclosed Operating Margin across 18 years of filings, most recently posting 26.43% for Q2 2026.
- In Q2 2026, Operating Margin fell 113.0% year-over-year to 26.43%; the TTM figure through Jun 2026 stood at 27.11% (down 91.0% YoY), while the FY2025 annual figure was 28.54%, up 639.0% from the prior year.
- Operating Margin came in at 26.43% for Q2 2026 at Federated Hermes, roughly flat from 26.38% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 31.11% in Q1 2025 to a low of 10.11% in Q2 2024.
- Average Operating Margin over 5 years is 24.74%, with a median of 25.93% recorded in 2022.
- Year-over-year, Operating Margin tumbled 1260 bps in 2024 and soared 1745 bps in 2025.
- Over 5 years, Operating Margin stood at 17.05% in 2022, then soared by 54 bps to 26.2% in 2023, then declined by 1 bps to 26.0% in 2024, then increased by 8 bps to 28.08% in 2025, then retreated by 6 bps to 26.43% in 2026.
- Per Business Quant data, the three most recent Operating Margin figures were 26.43% in Q2 2026, 26.38% in Q1 2026, and 28.08% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 164.98 Bn | 151.11 Bn | - | 34.74% |
| 2 | Spdr Gold Trust | 143.46 Bn | -414.54 Bn | - | - |
| 3 | Ishares Gold Trust | 30.01 Bn | -30.09 Bn | - | - |
| 4 | World Gold Trust | 29.01 Bn | -74.06 Bn | - | - |
| 5 | Principal Financial | 24.83 Bn | -28.13 Bn | 1.91 Bn | 33.33% |
| 6 | iShares Silver Trust | 21.45 Bn | -6.76 Bn | - | - |
| 7 | Franklin Resources | 17.39 Bn | 13.67 Bn | - | 9.15% |
| 8 | Invesco | 14.41 Bn | 13.50 Bn | 1.79 Bn | 19.95% |
| 9 | Affiliated Managers | 9.35 Bn | 8.94 Bn | - | - |
| 10 | Federated Hermes | 4.39 Bn | 3.97 Bn | 381.01 Mn | 26.43% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 26.43% |
| Mar 31, 2026 | 26.38% |
| Dec 31, 2025 | 28.08% |
| Sep 30, 2025 | 27.58% |
| Jun 30, 2025 | 27.56% |
| Mar 31, 2025 | 31.11% |
| Dec 31, 2024 | 26.00% |
| Sep 30, 2024 | 27.36% |
| Jun 30, 2024 | 10.11% |
| Mar 31, 2024 | 24.87% |
| Dec 31, 2023 | 26.20% |
| Sep 30, 2023 | 25.19% |
| Jun 30, 2023 | 22.71% |
| Mar 31, 2023 | 22.28% |
| Dec 31, 2022 | 17.05% |
| Sep 30, 2022 | 25.39% |
| Jun 30, 2022 | 25.22% |
| Mar 31, 2022 | 25.85% |
| Dec 31, 2021 | 27.54% |
| Sep 30, 2021 | 30.13% |