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
DateValue
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