Federated Hermes (FHI) Operating Margin (2009 - 2026)
Federated Hermes (FHI) reported Operating Margin of 26.43% for Q2 2026, down 1.13 percentage points from 27.56% a year earlier but up 0.05 percentage points from the prior quarter.
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Analysis
Federated Hermes (FHI) Operating Margin (2009 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Federated Hermes' Operating Margin came in at 27.11%, down 0.91 percentage points year-over-year; for FY2025, it was 28.54%, up 6.39 percentage points from FY2024.
- Operating Margin has a five-year change of -0.33 percentage points (FY2020 to FY2025).
- By year, Operating Margin came in at 22.15% in FY2024 (-1.93 pp), 24.08% in FY2023 (+0.78 pp), 23.29% in FY2022 (-4.87 pp) and 28.17% in FY2021 (-0.71 pp).
- Five-year quarterly Operating Margin spans a low of 10.11% in Q2 2024 and a high of 31.11% in Q1 2025.
- Year over year, Operating Margin gained in five of the last eight quarters, with an average year-over-year change of +2.76 percentage points.
- The high point for year-over-year Operating Margin in five years was Q2 2025 (a gain of 17.45 percentage points); the low point was Q2 2024 (a drop of 12.60 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 26.38% (Q1 2026), 28.08% (Q4 2025) and 27.58% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 164.03 Bn | 110.39 Bn | - | 34.74% |
| 2 | Spdr Gold Trust | 134.08 Bn | -423.92 Bn | - | - |
| 3 | Blackstone | 84.38 Bn | 79.31 Bn | - | - |
| 4 | Brookfield | 81.99 Bn | -83.40 Bn | 4.47 Bn | -53.96% |
| 5 | Kkr | 81.98 Bn | 48.46 Bn | - | - |
| 6 | Brookfield Asset Management | 71.20 Bn | 67.45 Bn | - | - |
| 7 | Apollo Global Management | 66.86 Bn | 4.54 Bn | 10.56 Bn | 16.30% |
| 8 | Wheaton Precious Metals | 60.68 Bn | 56.11 Bn | 687.86 Mn | 71.79% |
| 9 | Franco Nevada | 45.90 Bn | 43.27 Bn | 451.00 Mn | 76.73% |
| 10 | Federated Hermes | 4.22 Bn | 1.86 Bn | - | 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% |
API Access
Federated Hermes Operating Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-margin&ticker=FHI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "FHI", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=FHI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();