Federated Hermes (FHI) Research & Development (2009 - 2026)
Federated Hermes' (FHI) quarterly Research & Development came in at $26.5 million in Q1 2026, up 9.23% year-on-year from $24.2 million in Q1 2025, and up 465.81% quarter-over-quarter from $4.7 million in Q4 2025.
Federated Hermes (FHI) Research & Development (2009 - 2026) Analysis & Trends
Federated Hermes has disclosed Research & Development across 18 years of filings, most recently posting $26.5 million for Q1 2026.
- Research & Development for Q1 2026 came in at $26.5 million, up 9.23% year-over-year; the trailing twelve-month figure through Mar 2026 was $59.3 million (up 3939.77% YoY), and the FY2025 annual result was $17.0 million, up 10.47% from the prior year.
- Research & Development came in at $26.5 million for Q1 2026 at Federated Hermes, up from $4.7 million in the prior quarter.
- In the past five years, Research & Development ranged from a high of $69.2 million in Q4 2022 to a low of -$53.3 million in Q4 2024.
- The 5-year median for Research & Development is $20.9 million (2023), against an average of $16.1 million.
- Across the five-year window, Research & Development jumped 6485.81% in 2022 and sank 354.36% in 2024, its largest moves.
- Federated Hermes' Research & Development stood at $69.2 million in 2022, then plunged by 69.75% to $20.9 million in 2023, then tumbled by 354.36% to -$53.3 million in 2024, then jumped by 108.78% to $4.7 million in 2025, then surged by 465.81% to $26.5 million in 2026.
- The last three Research & Development figures came in at $26.5 million (Q1 2026), $4.7 million (Q4 2025), and $4.7 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 163.18 Bn | 153.56 Bn | - | - |
| 2 | Blackstone | 96.85 Bn | 95.80 Bn | - | - |
| 3 | Kkr | 86.45 Bn | 133.96 Bn | - | - |
| 4 | Apollo Global Management | 82.30 Bn | 101.04 Bn | 5.04 Bn | - |
| 5 | State Street | 46.95 Bn | 21.27 Bn | - | 637.00 Mn |
| 6 | Ameriprise Financial | 43.65 Bn | 43.52 Bn | 4.57 Bn | - |
| 7 | Northern Trust | 31.92 Bn | 31.92 Bn | - | - |
| 8 | Raymond James Financial | 30.62 Bn | 19.37 Bn | - | 206.00 Mn |
| 9 | Ares Management | 29.04 Bn | 32.41 Bn | - | - |
| 10 | Federated Hermes | 4.30 Bn | 3.84 Bn | 353.21 Mn | 26.46 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 26.46 Mn |
| Dec 31, 2025 | 4.68 Mn |
| Sep 30, 2025 | 4.67 Mn |
| Jun 30, 2025 | 23.48 Mn |
| Mar 31, 2025 | 24.23 Mn |
| Dec 31, 2024 | -53.27 Mn |
| Sep 30, 2024 | 23.66 Mn |
| Jun 30, 2024 | 3.85 Mn |
| Mar 31, 2024 | 21.82 Mn |
| Dec 31, 2023 | 20.94 Mn |
| Sep 30, 2023 | 21.21 Mn |
| Jun 30, 2023 | 22.07 Mn |
| Mar 31, 2023 | 19.97 Mn |
| Dec 31, 2022 | 69.24 Mn |
| Sep 30, 2022 | 3.42 Mn |
| Jun 30, 2022 | 18.45 Mn |
| Mar 31, 2022 | 19.49 Mn |
| Dec 31, 2021 | 19.34 Mn |
| Sep 30, 2021 | 18.54 Mn |
| Jun 30, 2021 | 18.95 Mn |