Federated Hermes, Inc. (NYSE:FHI) reported its third-quarter 2026 financial results on October 29, 2026, disclosing earnings per diluted share of $1.50, a quarterly dividend of $0.38 per share, and record equity assets of $110.5 billion as of September 30, 2026.

Key Highlights

  • EPS of $1.50: Earnings per diluted share for Q3 2026 were $1.50, up from $1.34 in Q3 2025, on net income of $111.9 million versus $104.1 million a year earlier.
  • Record equity assets: Equity assets reached $110.5 billion at September 30, 2026, up $15.8 billion or 17% from $94.7 billion at September 30, 2025.
  • Total managed assets: Total assets under management were $884.4 billion at September 30, 2026, up $13.2 billion or 2% from September 30, 2025.
  • Quarterly dividend declared: The board declared a dividend of $0.38 per share, payable November 13, 2026 to shareholders of record as of November 6, 2026.
  • Share repurchases: During Q3 2026, the company purchased 992,312 shares of class B common stock for $57.4 million.
  • Revenue growth: Year-to-date 2026 revenue increased $171.2 million or 13% compared to the same period in 2025, according to the filing.
  • FCP acquisition impact: The Q2 2026 acquisition of FCP Fund Manager, L.P., now operating as Federated Hermes FCP Manager, LLC, contributed to revenue and expense changes in Q3 2026.

Federated Hermes Q3 2026 Results: Assets, Earnings, and Dividend Details

According to the filing, Federated Hermes reported net income of $111.9 million for Q3 2026, compared to $104.1 million for Q3 2025. Revenue for Q3 2026 increased $37.9 million or 8% compared to Q3 2025, driven primarily by higher average equity assets and the Q2 2026 acquisition of FCP. Operating expenses rose $14.0 million or 4% in the same comparison, with an $8.5 million increase in distribution expenses and a $7.1 million increase in compensation and related expense, both attributed in part to the FCP acquisition.

The filing disclosed that total managed assets stood at $884.4 billion at September 30, 2026, down $27.2 billion or 3% from $911.6 billion at June 30, 2026. Money market assets were $649.9 billion at September 30, 2026, down $27.0 billion or 4% from June 30, 2026. Alternative and private markets assets were $21.7 billion at September 30, 2026, up $2.7 billion or 14% from $19.0 billion at September 30, 2025. Fixed-income assets were $99.4 billion at September 30, 2026, down $2.4 billion or 2% from the same date a year earlier. The company disclosed that for Q3 2026, 50% of revenue was derived from long-term assets and 49% from money market assets.

The filing noted that nonoperating income (expenses), net for Q3 2026 decreased $12.1 million compared to Q3 2025, primarily due to a decrease in the market value of investments in Q3 2026 as compared to an increase in market value in Q3 2025, along with a decrease in interest and dividend income. For the year-to-date period, operating expenses increased $137.0 million or 15%, including a $57.5 million increase in distribution expenses and a $34.6 million increase in compensation and related expense. The filing contains forward-looking statements that, as the company noted, are subject to known and unknown risks and uncertainties.

What Was Disclosed

Federated Hermes filed its Q3 2026 earnings release on October 29, 2026, reporting EPS of $1.50, record equity assets of $110.5 billion, a $0.38 per share dividend payable November 13, 2026, and 992,312 shares repurchased for $57.4 million during the quarter.