The EPS beat and record equity AUM are positive, but total managed assets declined sequentially due to money market outflows. Monitor the Q4 earnings call for guidance on money market asset trends and the sustainability of equity inflows.
Price Chart
Executive Summary
Federated Hermes reported Q3 2026 EPS of $1.50, beating the $1.44 consensus by 4.2%, on revenue of $507.3M versus the $504.0M estimate. Revenue grew 8% YoY driven by higher average equity assets and the FCP acquisition, while equity assets reached a record $110.5B. The company also declared a $0.38 dividend and repurchased $57.4M in stock during the quarter.
Key Financial Metrics
Key Facts
- Q3 2026 EPS of $1.50 vs consensus $1.44 (beat by 4.2%) and vs $1.34 in Q3 2025 (up 12% YoY)
- Q3 2026 revenue of $507.3M vs consensus $504.0M and vs $469.4M in Q3 2025 (up 8% YoY)
- Total managed assets $884.4B at Sept 30, 2026, up 2% YoY but down 3% from June 30, 2026
- Equity assets reached a record $110.5B, up 17% YoY
- Net income $111.9M vs $104.1M in Q3 2025 (up 7% YoY)
- Board declared $0.38 per share dividend, up from $0.34 in Q3 2025
- Repurchased 992,312 shares for $57.4M during Q3 2026
- Operating income $153.3M, up 18% YoY
Financial Impact
EPS beat consensus by $0.06 (4.2%), revenue beat by $3.3M (0.7%); net income up $7.8M YoY
Risk Factors
- Money market assets declined 4% sequentially to $649.9B, a key revenue driver (49% of revenue)
- Nonoperating income swung negative due to lower investment valuations
- Total managed assets down 3% from June 30, 2026, driven by market losses and money market outflows
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-prn-302924209 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 29, 2026 3d ago | 8-K | No price | awaiting T+60 | awaiting T+60 | No price |
Oct 29, 2026 3d ago | Press Release | $57.54 | awaiting T+60 | awaiting T+60 | $58.48 (+1.63%) |
Aug 12, 2026 11w ago | 13F-HR | $63.00 | awaiting T+60 | awaiting T+60 | $58.48 (−7.17%) |
Jul 30, 2026 13w ago | 8-K | No price | awaiting T+60 | awaiting T+60 | No price |
Jul 30, 2026 13w ago | Press Release | $59.96 $56.93 | ▼ −5.05% | ▼ −7.51% | $58.48 (−2.47%) |
Jun 23, 2026 18w ago | 144 | $56.38 $56.36 | ▼ −0.04% | ▼ −2.87% | $58.48 (+3.72%) |
Mar 5, 2026 34w ago | Insider Cluster | $56.48 $55.89 | ▼ −1.05% | ▼ −12.35% | $58.48 (+3.54%) |
Mar 5, 2026 34w ago | Insider Cluster | $56.48 $55.89 | ▼ −1.05% | ▼ −12.35% | $58.48 (+3.54%) |
US Market Status
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