Federated Hermes, Inc. reports third quarter 2026 earnings
Federated Hermes (FHI) reported Q3 2026 EPS of $1.50, up from $1.34 in Q3 2025. Total managed assets reached $884.4B, with equity assets hitting a record $110.5B. The board declared a $0.38 per share dividend. Revenue increased 8% YoY, driven by higher average equity assets and the FCP acquisition. Operating expenses rose 4% YoY. The company will host an earnings call on Oct. 30, 2026.
How this was made
The 30-second read
Why it matters
Traders can use the EPS beat/miss direction, AUM mix (equity record, money-market down), and expense drivers (distribution and compensation tied to the FCP acquisition) to update short-term expectations ahead of the earnings call.
Market read
A company-specific earnings print with dividend and buyback details, plus record equity assets, is likely to move the stock and shape expectations for flows and margins.
What to watch
Nonoperating income fell due to investment market-value changes, so investors may discount operating strength if markets remain volatile and investment income stays pressured.
Background
Federated Hermes is an active investment manager; this release covers Q3 2026 results, managed-asset levels, and capital return (dividend and buyback).
Ticker impact
Federated Hermes reported Q3 2026 EPS of $1.50, declared a $0.38 dividend, and disclosed record equity assets of $110.5B.
Likely upward bias if investors view EPS and asset flows as stabilizing, but could face offsetting pressure from sequential managed-asset declines.
The article provides a full earnings print plus dividend and buyback activity, but it does not include explicit guidance or consensus comparisons, limiting conviction on magnitude.
Market effects
Adds datapoint on active asset manager demand, especially equity and alternative/private markets, and the ongoing sensitivity of money-market balances.
Primarily US-focused read-through for asset management sentiment; limited direct regional spillover beyond investor flows.
Managed-asset mix and distribution expense dynamics can influence global peers’ near-term flow expectations.
Counterpoint
Sequential total managed assets fell versus June 30, and money-market assets declined, which could signal that the earnings strength is not fully supported by broad AUM momentum.
Key entities
- companyFederated Hermes, Inc.
Active investment manager reporting Q3 2026 earnings, AUM levels, dividend, and share repurchases.
- acquisitionFCP Fund Manager, L.P. (now Federated Hermes FCP Manager, LLC)
Acquisition referenced as a driver of revenue and expense changes in Q3 2026.
