Federated Hermes annual operating margin
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2025
Federated Hermes Operating Margin Growth & History (FHI)
Federated Hermes's operating margin was 28.54% for fiscal 2025.
View full Federated Hermes company overviewFederated Hermes annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 28.54% | +6.39 pp |
| 2024 | 2024-12-31 | 22.15% | −1.93 pp |
| 2023 | 2023-12-31 | 24.08% | +0.78 pp |
| 2022 | 2022-12-31 | 23.29% | −4.87 pp |
| 2021 | 2021-12-31 | 28.17% | −0.71 pp |
| 2020 | 2020-12-31 | 28.87% | +2.65 pp |
| 2019 | 2019-12-31 | 26.22% | −2.86 pp |
| 2018 | 2018-12-31 | 29.08% | −1.88 pp |
| 2017 | 2017-12-31 | 30.96% | +1.60 pp |
| 2016 | 2016-12-31 | 29.36% | −0.80 pp |
| 2015 | 2015-12-31 | 30.16% | +2.47 pp |
| 2014 | 2014-12-31 | 27.69% | −0.97 pp |
| 2013 | 2013-12-31 | 28.66% | −4.39 pp |
| 2012 | 2012-12-31 | 33.05% | +4.29 pp |
| 2011 | 2011-12-31 | 28.76% | −3.78 pp |
| 2010 | 2010-12-31 | 32.54% | +4.55 pp |
| 2009 | 2009-12-31 | 28.00% | −1.52 pp |
| 2008 | 2008-12-31 | 29.52% | — |
Federated Hermes quarterly operating margin
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Q2.26
| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 26.43% | −1.13 pp |
| Q1 2026 | 2026-03-31 | 26.38% | −4.74 pp |
| Q4 2025 | 2025-12-31 | 28.08% | +2.08 pp |
| Q3 2025 | 2025-09-30 | 27.58% | +0.22 pp |
| Q2 2025 | 2025-06-30 | 27.56% | +17.45 pp |
| Q1 2025 | 2025-03-31 | 31.11% | +6.24 pp |
| Q4 2024 | 2024-12-31 | 26.00% | −0.20 pp |
| Q3 2024 | 2024-09-30 | 27.36% | +2.17 pp |
| Q2 2024 | 2024-06-30 | 10.11% | −12.60 pp |
| Q1 2024 | 2024-03-31 | 24.87% | +2.59 pp |
| Q4 2023 | 2023-12-31 | 26.20% | +9.15 pp |
| Q3 2023 | 2023-09-30 | 25.19% | −0.20 pp |
| Q2 2023 | 2023-06-30 | 22.71% | −2.51 pp |
| Q1 2023 | 2023-03-31 | 22.28% | −3.57 pp |
| Q4 2022 | 2022-12-31 | 17.05% | −10.49 pp |
| Q3 2022 | 2022-09-30 | 25.39% | −4.74 pp |
| Q2 2022 | 2022-06-30 | 25.22% | −1.08 pp |
| Q1 2022 | 2022-03-31 | 25.85% | −2.72 pp |
| Q4 2021 | 2021-12-31 | 27.54% | −4.00 pp |
| Q3 2021 | 2021-09-30 | 30.13% | −0.98 pp |
| Q2 2021 | 2021-06-30 | 26.30% | −0.66 pp |
| Q1 2021 | 2021-03-31 | 28.57% | +2.75 pp |
| Q4 2020 | 2020-12-31 | 31.54% | +2.83 pp |
| Q3 2020 | 2020-09-30 | 31.11% | +4.87 pp |
| Q2 2020 | 2020-06-30 | 26.96% | +0.54 pp |
| Q1 2020 | 2020-03-31 | 25.82% | +2.73 pp |
| Q4 2019 | 2019-12-31 | 28.71% | +0.08 pp |
| Q3 2019 | 2019-09-30 | 26.24% | −0.30 pp |
| Q2 2019 | 2019-06-30 | 26.42% | −5.12 pp |
| Q1 2019 | 2019-03-31 | 23.09% | −7.11 pp |
| Q4 2018 | 2018-12-31 | 28.63% | −4.01 pp |
| Q3 2018 | 2018-09-30 | 26.54% | −5.33 pp |
| Q2 2018 | 2018-06-30 | 31.55% | +0.68 pp |
| Q1 2018 | 2018-03-31 | 30.20% | +1.76 pp |
| Q4 2017 | 2017-12-31 | 32.64% | +3.38 pp |
| Q3 2017 | 2017-09-30 | 31.87% | +1.78 pp |
| Q2 2017 | 2017-06-30 | 30.87% | +0.29 pp |
| Q1 2017 | 2017-03-31 | 28.44% | +1.04 pp |
| Q4 2016 | 2016-12-31 | 29.26% | −2.30 pp |
| Q3 2016 | 2016-09-30 | 30.08% | −1.60 pp |
| Q2 2016 | 2016-06-30 | 30.57% | +0.21 pp |
| Q1 2016 | 2016-03-31 | 27.40% | +0.63 pp |
| Q4 2015 | 2015-12-31 | 31.56% | +3.27 pp |
| Q3 2015 | 2015-09-30 | 31.68% | +3.64 pp |
| Q2 2015 | 2015-06-30 | 30.37% | +2.74 pp |
| Q1 2015 | 2015-03-31 | 26.77% | −0.01 pp |
| Q4 2014 | 2014-12-31 | 28.29% | +0.46 pp |
| Q3 2014 | 2014-09-30 | 28.04% | +0.78 pp |
| Q2 2014 | 2014-06-30 | 27.63% | −1.87 pp |
| Q1 2014 | 2014-03-31 | 26.78% | −3.13 pp |
| Q4 2013 | 2013-12-31 | 27.83% | −6.15 pp |
| Q3 2013 | 2013-09-30 | 27.26% | −10.49 pp |
| Q2 2013 | 2013-06-30 | 29.50% | −0.23 pp |
| Q1 2013 | 2013-03-31 | 29.92% | −0.63 pp |
| Q4 2012 | 2012-12-31 | 33.98% | +5.40 pp |
| Q3 2012 | 2012-09-30 | 37.75% | +6.45 pp |
| Q2 2012 | 2012-06-30 | 29.73% | −2.19 pp |
| Q1 2012 | 2012-03-31 | 30.55% | +6.90 pp |
| Q4 2011 | 2011-12-31 | 28.59% | −3.63 pp |
| Q3 2011 | 2011-09-30 | 31.31% | +0.30 pp |
| Q2 2011 | 2011-06-30 | 31.93% | −4.30 pp |
| Q1 2011 | 2011-03-31 | 23.65% | −7.17 pp |
| Q4 2010 | 2010-12-31 | 32.22% | −0.05 pp |
| Q3 2010 | 2010-09-30 | 31.01% | +2.31 pp |
| Q2 2010 | 2010-06-30 | 36.23% | — |
| Q1 2010 | 2010-03-31 | 30.82% | — |
| Q3 2009 | 2009-09-30 | 32.27% | — |
| Q2 2009 | 2009-06-30 | 28.70% | — |
Federated Hermes operating margin trends
Over the last five reported fiscal years, Federated Hermes's operating margin decreased from 28.87% to 28.54%, a change of −0.33 percentage points. The latest reported quarter, Q2 2026, shows 26.43%.
About the metric
What operating margin means
Operating margin measures the percentage of revenue left after operating costs and expenses. It shows how much operating profit a company generates from each dollar of revenue.
Calculation and source
How operating margin is calculated
TickerStat calculates operating margin as SEC-reported operating income divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Federated Hermes filings at SEC.gov ↗