# Federated Hermes Reports Higher Profit as Managed Assets Decline From June

Equity assets reached a record, while money-market assets fell from the preceding quarter.

By Will Langan | 24X7 News
Published: 2026-10-29T23:02:02.508Z
Updated: 2026-10-29T23:02:02.508Z
Section: Money
Format: News
Canonical: https://24x7news.us/articles/federated-hermes-third-quarter-results-october-29-2026

Federated Hermes reported October 29 that third-quarter net income rose to $111.9 million from $104.1 million a year earlier, while total managed assets declined from June.

Diluted earnings were $1.50 per share, compared with $1.34. Revenue increased 8% to $507.3 million.

The company attributed revenue growth primarily to higher average equity assets and its second-quarter acquisition of FCP Fund Manager. Operating expenses increased 4% from a year earlier to $354 million.

Managed assets totaled $884.4 billion at September 30, up 2% from a year earlier but down 3% from $911.6 billion at June 30.

The mix varied by business. Equity assets reached a company record of $110.5 billion, up 17% year over year and 1% from June. Money-market assets fell to $649.9 billion from $676.9 billion at June 30. Fixed-income assets totaled $99.4 billion.

Federated Hermes repurchased 992,312 Class B shares for $57.4 million during the quarter.

Its board declared a dividend of 38 cents per share, payable November 13 to shareholders of record November 6. Those are scheduled payment details, separate from completed quarterly earnings.

Sources:
Federated Hermes — October 29 Results via PR Newswire: https://www.stocktitan.net/news/FHI/federated-hermes-inc-reports-third-quarter-2026-ssu38u33qlx3.html

## Sources
- Federated Hermes — October 29 Results via PR Newswire: https://www.stocktitan.net/news/FHI/federated-hermes-inc-reports-third-quarter-2026-ssu38u33qlx3.html