SuperworthFederated Hermes profit margin FHI
Gross, operating and net profit as a share of revenue over the last twelve months, from 2010.
- Net margin, 12 months
- 21.3%
- Operating margin, 12 months
- 27.1%
- Net margin on a year earlier
- −0.4 pts
- Peer median
- 24.1%
Over the twelve months to Jun 30, 2026, Federated Hermes kept 21.3% of its revenue as net profit, with an operating margin of 27.1%.
Five years earlier its net margin was 22.6%.
The median for 10 asset managers of a similar size is 24.1%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Operating margin |
|---|---|---|
| FY2025 | 22.4% | 28.5% |
| FY2024 | 16.4% | 22.1% |
| FY2023 | 18.6% | 24.1% |
| FY2022 | 16.6% | 23.3% |
| FY2021 | 20.8% | 28.2% |
| FY2020 | 22.5% | 28.9% |
| FY2019 | 20.5% | 26.2% |
| FY2018 | 19.4% | 29.1% |
| FY2017 | 26.4% | 31.0% |
| FY2016 | 18.3% | 29.4% |
| FY2015 | 18.3% | 30.2% |
| FY2014 | 17.4% | 27.7% |
| FY2013 | 18.5% | 28.7% |
| FY2012 | 19.9% | 33.1% |
| FY2011 | 16.9% | 28.8% |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year | Operating margin |
|---|---|---|---|---|
| Q2 FY26 | 21.3% | −0.4 pts | 27.1% | |
| Q1 FY26 | 21.5% | +3.7 pts | 27.4% | |
| Q4 FY25 | 22.4% | +6.0 pts | 28.5% | |
| Q3 FY25 | 21.9% | +5.2 pts | 28.0% | |
| Q2 FY25 | 21.7% | +5.8 pts | 28.0% | |
| Q1 FY25 | 17.7% | −1.0 pts | 23.8% | |
| Q4 FY24 | 16.4% | −2.1 pts | 22.1% | |
| Q3 FY24 | 16.6% | −0.5 pts | 22.1% | |
| Q2 FY24 | 15.9% | −1.2 pts | 21.5% | |
| Q1 FY24 | 18.7% | +1.9 pts | 24.7% | |
| Q4 FY23 | 18.6% | +2.0 pts | 24.1% | |
| Q3 FY23 | 17.2% | −0.9 pts | 21.9% |
Against its peers
Companies in Asset Management nearest Federated Hermes' size, closest first, today.
| Company | Profit margin |
|---|---|
| FHIFederated Hermes | 21.3% |
| MCMoelis | n/m |
| LAZLazard | 6.9% |
| HLNEHamilton Lane INC | 32.1% |
| HASIHA Sustainable Infrastructure Capital | 24.1% |
| CNSCohen & Steers | 28.8% |
| AAMIAcadian Asset Management | 15.2% |
| ABAlliancebernstein | n/m |
| DLBDolby Laboratories | 16.7% |
| APAMArtisan Partners Asset Management | 24.1% |
| VCTRVictory Capital | 29.6% |
| Peer median | 24.1% |
Where Federated Hermes ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on Federated Hermes
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.