Federated Hermes, Inc. reported its third quarter 2026 financial results on October 29, 2026. The company reported earnings per diluted share (EPS) of $1.50 for the quarter, an increase from $1.34 in the prior year period. Net income for Q3 2026 was reported at $111.9 million, compared to $104.1 million in the same quarter of 2025.
Total managed assets stood at $884.4 billion as of September 30, 2026. This figure represents a $13.2 billion increase from $871.2 billion at the same time last year, though it is down $27.2 billion from $911.6 billion at the end of the previous quarter. Average managed assets for the quarter totaled $897.7 billion.
Equity assets reached a record high of $110.5 billion as of September 30, 2026. This marks a $15.8 billion increase from $94.7 billion at the end of Q3 2025 and a slight increase from $109.6 billion at the end of Q2 2026. The company noted positive net equity sales during the quarter, specifically citing its MDT suite of quantitative investment solutions. Top-selling equity funds included the Federated Hermes MDT Large Cap Growth Fund and the Federated Hermes MDT Small Cap Core ETF.
Fixed-income assets were reported at $99.4 billion, down $2.4 billion from the prior year and down $1.1 billion from the previous quarter. Alternative and private markets assets reached $21.7 billion, a $2.7 billion increase from the prior year. Money market assets totaled $649.9 billion, a decrease from the prior year and the previous quarter.
Revenue for the quarter increased by $37.9 million, or 8%, primarily due to higher average equity assets and the Q2 2026 acquisition of FCP Fund Manager, L.P., now operating as Federated Hermes FCP Manager, LLC. The company’s board of directors declared a dividend of $0.38 per share, payable on November 13, 2026, to shareholders of record as of November 6, 2026. During the quarter, the company purchased 992,312 shares of its Class B common stock for $57.4 million.
