Federated Hermes (FHI)
NYSE:FHI
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Earnings Data
Report Date
Jul 23, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
1.15Last Year’s EPS
1.16Same Quarter Last Year
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a broadly constructive strategic position driven by record AUM, strong equity and MDT sales, robust money market leadership, successful private markets fundraising, and strategic acquisitions that expand capabilities. However, there are notable near‑term headwinds: modest QoQ revenue decline, fixed income and some equity redemptions (including a large client internalization), lower performance fees, and incremental acquisition-related expenses that will pressure near‑term EPS. Digital initiatives are promising but adoption remains uncertain. On balance, the positive business momentum, product wins, fundraising and capital returns slightly outweigh the short-term flow and expense challenges.Company Guidance
Record Assets Under Management
Ended Q1 with record AUM of $907 billion (later noted ~ $902 billion a few days after), driven by gains in equity and money market strategies.
Record Equity Assets and Growth
Equity assets closed Q1 at a record high of $101 billion, up $2.9 billion or 3% from year-end; equity net sales of $2.2 billion in Q1 and record gross equity sales of $9.1 billion.
MDT Strategies: Strong Sales and Performance
MDT fundamental quant strategies produced a record $5.8 billion of gross sales and over $3.5 billion in net sales in Q1; 7 of 9 MDT fund strategies ranked in the performance quartile (trailing 3 years); combined MDT net sales of $687 million in Q2 through April 24 for funds and SMAs.
Equity Fund Performance and Flows
Using Morningstar trailing 3-year data, 51% of equity funds beat peers and 30% were in the top quartile; combined equity funds and SMAs had net sales of $606 million through April 24 (Q2-to-date).
Money Market Leadership
Total money market assets reached a record $685 billion at quarter end (up $2 billion in Q1); money market separate accounts increased by $8 billion; money market mutual fund market share ~6.9% (slight decline from 7.0% at end of 2025).
Private Markets Fundraising and Product Momentum
European Direct Lending 3 final close raised $780 million (vs. $330M for EDL1 and $700M for EDL2); net sales of $82 million in private markets in Q1; global private equity co-invest (PEC series vintage) closed ~ $300 million to date; new pooled European real estate debt fund launched.
Strategic Acquisitions Expand Capabilities
Completed acquisition of 80% interest in FCP Fund Manager LP on April 9, adding $3.2 billion of managed assets and U.S. multifamily expertise to complement U.K. real estate capabilities; SCP controlling interest initial purchase price included $216 million cash and $23.1 million Class B stock in April.
Capital Return and Dividend Progress
Repurchased 1.2 million FHI shares for $66 million in Q1; Board declared a dividend of $0.38 (increase of $0.04, ~12% higher), marking the 113th consecutive quarterly dividend.
Digital Asset Initiatives
Developing tokenized/on‑chain share class and a money market management digital treasury fund (dual-track traditional and on‑chain approach); participating in collaborative tokenization initiatives with BNY/Goldman and FCA-regulated digital securities exchange pilots to expand distribution and liquidity solutions.
Forward Institutional Pipeline
Entered Q2 with approximately $1.1 billion in net institutional mandates yet to fund; expected net inflows (~$1.4 billion) into private market strategies and ~$1.1 billion expected fixed income net sales (subject to some offsetting redemptions).
FHI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
FHI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 30, 2026 | $58.09 | $54.12 | -6.83% |
Jan 29, 2026 | $52.69 | $52.93 | +0.47% |
Oct 30, 2025 | $46.67 | $47.84 | +2.49% |
Jul 31, 2025 | $48.59 | $48.25 | -0.69% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Federated Hermes (FHI) report earnings?
Federated Hermes (FHI) is schdueled to report earning on Jul 23, 2026, After Close (Confirmed).
What is Federated Hermes (FHI) earnings time?
Federated Hermes (FHI) earnings time is at Jul 23, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is FHI EPS forecast?
FHI EPS forecast for the fiscal quarter 2026 (Q2) is 1.15.