FHI
$55.97+1.30%
FHI financial statements
The full income statement, balance sheet, and cash-flow statement for Federated Hermes Inc. (FHI), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 80.0M2024-09 78.7M2024-12 78.3M2025-03 77.5M2025-06 75.1M2025-09 74.1M2025-12 73.8M2026-03 74.7M2026-06 74.7M-6.7% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
PeriodRangeOrderChangeFiguresAs-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 1.80B+10.3% | 1.63B+1.4% | 1.61B+11.3% | 1.45B+11.2% | 1.30B-10.2% | |
| 1.29B+1.3% | 1.27B+4.0% | 1.22B+10.2% | 1.11B+18.7% | 934M-9.3% | ||
| Amortization of intangibles | 13.7M+5.4% | 13.0M-6.5% | 13.9M+11.2% | 12.5M-9.4% | 13.8M+0.0% | |
| Operating income | 514M+42.2% | 361M-6.7% | 388M+15.1% | 337M-8.0% | 366M-12.4% | |
| Interest expense | 12.7M+0.5% | 12.7M+1.2% | 12.5M+13.1% | 11.1M+520.3% | 1.78M-33.3% | |
| Other non-operating income | -36.0K-125.9% | 139K-75.3% | 562K+153.2% | 222K+124.7% | -900K-110.7% | |
| Pre-tax income | 548M+43.5% | 382M-7.2% | 411M+34.3% | 306M-18.6% | 376M-15.6% | |
| Income tax | 133M+17.9% | 113M+6.2% | 107M+48.7% | 71.7M-31.1% | 104M-5.5% | |
| 403M+50.3% | 268M-10.3% | 299M+24.8% | 239M-11.4% | 270M-17.2% | ||
| Net income to non-controlling interest | 10.8M+9206.9% | 116K-98.0% | 5.80M+217.6% | -4.93M-344.8% | 2.02M-79.1% | |
| Net income to common | 385M+50.0% | 257M-9.9% | 285M+25.2% | 228M-12.2% | 259M-17.3% | |
| $5.13+58.8% | $3.23-5.0% | $3.40+28.3% | $2.65-3.6% | $2.75-14.9% | ||
| EPS (basic) | $5.13+58.8% | $3.23-5.0% | $3.40+28.3% | $2.65-4.3% | $2.77-14.8% | |
| Weighted-avg shares (basic) | 75.1M-5.4% | 79.4M-5.3% | 83.9M-2.2% | 85.8M-8.5% | 93.8M-2.8% | |
| Weighted-avg shares (diluted) | 75.1M-5.4% | 79.4M-5.3% | 83.9M-2.2% | 85.8M-8.5% | 93.8M-2.8% | |
| Dividends per share | $1.33-39.8% | $2.21+99.1% | $1.11+2.8% | $1.08+0.0% | $1.08-48.1% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 864M+10.6% | 781M+8.4% | 721M+10.7% | 651M+16.4% | 559M-2.8% | ||
| Cash & equivalents | 583M+15.5% | 504M+31.6% | 383M+13.8% | 337M+44.3% | 233M-22.7% | |
| Accounts receivable | — | — | — | 58.1M-11.1% | 65.3M+0.7% | |
| Prepaid expenses | 36.8M+25.7% | 29.3M-1.5% | 29.7M+10.1% | 27.0M-7.9% | 29.3M+32.5% | |
| Other current assets | 12.9M+168.7% | 4.80M-18.7% | 5.90M-28.6% | 8.26M+15.1% | 7.18M-15.3% | |
| 2.23B+6.9% | 2.08B-0.8% | 2.10B+4.0% | 2.02B+0.1% | 2.02B-2.1% | ||
| Property, plant & equipment | 24.8M-2.8% | 25.6M-16.8% | 30.7M-14.1% | 35.7M-23.9% | 47.0M-10.7% | |
| Operating lease right-of-use | 95.8M-8.5% | 105M+5.5% | 99.3M+6.9% | 92.9M-14.3% | 108M-11.3% | |
| Goodwill | 852M+5.9% | 805M-0.3% | 807M+0.8% | 800M+0.2% | 799M-0.2% | |
| Intangible assets | 332M+1.1% | 328M-19.9% | 409M+0.1% | 409M-13.2% | 471M-2.2% | |
| Other non-current assets | 61.3M+51.9% | 40.4M+16.9% | 34.5M+10.4% | 31.3M-6.3% | 33.4M+16.0% | |
| Total non-current assets | 1.37B+4.8% | 1.30B-5.6% | 1.38B+0.9% | 1.37B-6.1% | 1.46B-1.8% | |
| 314M+8.6% | 289M+0.6% | 287M+11.6% | 257M-4.9% | 271M+2.0% | ||
| Current lease liability | 20.1M+20.7% | 16.7M+2.5% | 16.3M-11.5% | 18.4M+5.4% | 17.4M+10.1% | |
| Other current liabilities | 18.6M+20.8% | 15.4M-36.8% | 24.4M+58.7% | 15.4M-43.2% | 27.0M+57.0% | |
| 966M+3.4% | 934M-1.5% | 948M+3.8% | 913M+8.6% | 841M+22.4% | ||
| Long-term debt | 348M+0.1% | 348M+0.1% | 348M+0.1% | 348M+55.6% | 223M | |
| Non-current lease liability | 88.5M-8.9% | 97.2M+3.6% | 93.8M+8.1% | 86.8M-17.5% | 105M-13.7% | |
| Operating lease liability (total) | 109M-4.7% | 114M+3.5% | 110M+4.7% | 105M-14.3% | 123M-11.0% | |
| Deferred tax liabilities | 184M+7.4% | 171M-8.2% | 186M+3.3% | 180M-12.1% | 205M+9.2% | |
| Other non-current liabilities | 31.3M+9.7% | 28.5M-12.1% | 32.5M-20.4% | 40.8M+11.9% | 36.4M-0.3% | |
| Total non-current liabilities | 652M+1.1% | 645M-2.4% | 660M+0.7% | 656M+15.0% | 570M+35.3% | |
| 1.20B+9.3% | 1.10B-2.9% | 1.13B+7.9% | 1.05B-6.1% | 1.11B-2.0% | ||
| Additional paid-in capital | 0.00 | 0.00-100.0% | 2.00K | 0.00 | 0.00 | |
| Retained earnings | 1.53B+21.8% | 1.26B+5.2% | 1.19B+17.6% | 1.02B-14.4% | 1.19B+15.5% | |
| Treasury stock | 873M+38.0% | 633M+21.4% | 521M+42.7% | 365M-32.1% | 538M+65.8% | |
| Accumulated other comprehensive income | 6.48M+120.2% | -32.1M-61.1% | -19.9M+56.4% | -45.7M-379.2% | 16.4M+7.9% | |
| Total liabilities & equity | 2.23B+6.9% | 2.08B-0.8% | 2.10B+4.0% | 2.02B+0.1% | 2.02B-2.1% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 297M-14.2% | 347M+11.1% | 312M-3.7% | 324M+90.1% | 170M-54.4% | ||
| Depreciation & amortization | 22.0M-0.5% | 22.1M-17.8% | 26.9M-2.5% | 27.6M-5.5% | 29.2M-2.0% | |
| Intangible amortization | 13.7M+5.4% | 13.0M-6.5% | 13.9M+11.2% | 12.5M-9.4% | 13.8M+0.0% | |
| Share-based compensation | 29.1M+1.2% | 28.8M-15.2% | 33.9M-2.4% | 34.8M+14.9% | 30.3M+13.6% | |
| Deferred income taxes | 10.8M+172.1% | -14.9M-451.2% | 4.25M+122.6% | -18.8M-203.6% | 18.2M-0.0% | |
| 2.01M-96.9% | 64.3M+309.9% | -30.6M+5.4% | -32.4M-399.2% | 10.8M+143.6% | ||
| Capital expenditure | 2.76M-31.4% | 4.02M-49.2% | 7.92M+81.0% | 4.37M-58.0% | 10.4M-22.8% | |
| Free cash flow | 295M-14.0% | 343M+12.7% | 304M-4.9% | 320M+99.8% | 160M-55.5% | |
| Acquisitions | 12.8M | 0.00 | 0.00-100.0% | 28.1M | 0.00+100.0% | |
| Other investing activities | 6.03M+47.0% | 4.10M | 0.00 | 0.00 | — | |
| -238M+16.9% | -286M-17.8% | -243M-44.3% | -169M+32.5% | -249M+15.5% | ||
| Long-term debt issued | 0.00 | 0.00 | 0.00-100.0% | 488M+65.2% | 296M+195.6% | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 263M+90.9% | 138M-22.3% | 177M-18.8% | 218M-4.5% | 228M+242.0% | |
| Dividends paid | 105M-43.3% | 185M+88.4% | 98.1M+0.2% | 97.9M-7.4% | 106M-49.1% | |
| Other financing activities | 1.26M-8.9% | 1.38M+8.2% | 1.27M+206.7% | -1.19M-180.9% | 1.48M+489.2% | |
| FX effect on cash | 15.3M+504.4% | -3.79M-148.3% | 7.87M+139.0% | -20.2M-773.0% | -2.31M-139.6% | |
| Net change in cash | 76.8M-36.3% | 121M+162.2% | 46.0M-55.3% | 103M+245.8% | -70.6M-219.4% | |
| Interest paid | 11.8M+1.8% | 11.6M-0.5% | 11.6M+62.1% | 7.18M+534.1% | 1.13M-52.7% | |
| Income taxes paid | 125M-0.9% | 126M+16.5% | 108M+26.2% | 85.6M-6.9% | 91.9M-6.9% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 3.84B+19.4% | 3.22B+13.6% | 2.83B-7.7% | 3.07B-11.8% | 3.48B+25.7% | |
| P/E | 9.5×-20.6% | 12.0×+15.7% | 10.4×-15.0% | 12.2×-5.2% | 12.9×+51.8% | |
| P/S | 2.1×+8.2% | 2.0×+10.8% | 1.8×-19.2% | 2.2×-17.7% | 2.7×+40.0% | |
| P/B | 3.2×+9.2% | 2.9×+14.1% | 2.6×-18.5% | 3.2×+1.1% | 3.1×+28.3% | |
| P/FCF | 13.0×+38.8% | 9.4×+2.3% | 9.2×-23.9% | 12.1×-44.5% | 21.8×+182.7% | |
| Earnings yield | 10.5%+25.9% | 8.3%-13.5% | 9.6%+17.7% | 8.2%+5.5% | 7.8%-34.1% | |
| FCF yield | 7.7%-27.9% | 10.6%-2.2% | 10.9%+31.4% | 8.3%+80.2% | 4.6%-64.6% | |
| Dividend yield | 2.6%-52.5% | 5.4%+64.0% | 3.3%+10.2% | 3.0%+3.5% | 2.9%-60.1% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: FHI’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all FHI filings on SEC EDGAR → Not investment advice.