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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Federated Hermes
Federated Hermes (FHI) investor relations material
Federated Hermes Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2026 earnings summary31 Jul, 2026
Executive summary
Achieved record assets under management (AUM) of $911.6 billion as of June 30, 2026, up 8% year-over-year, driven by equity, money market, and private market growth, and the FCP Fund Manager acquisition.
Equity assets reached $109.6 billion, up 23% year-over-year and 9% sequentially, with strong MDT strategy sales.
Fixed income assets totaled $100.5 billion, up 2% year-over-year and 1% sequentially.
Alternative/private markets assets rose to $21.6 billion, up 4% year-over-year, aided by the FCP acquisition.
Money market assets were $676.9 billion, up 7% year-over-year but down 1% sequentially.
Financial highlights
Q2 2026 revenue was $502.8 million, up 18% year-over-year and 5% quarter-over-quarter, driven by higher equity and money market assets and the FCP acquisition.
Net income for Q2 2026 was $104.3 million, up 15% from Q2 2025; diluted EPS was $1.38, a 19% increase year-over-year.
Operating expenses rose 20% year-over-year, mainly due to higher distribution, compensation, and FCP acquisition-related costs.
Cash and investments at Q2 end were $480.7 million, with long-term debt at $348.5 million.
Dividend per share for Q2 2026 was $0.38, up from $0.34 in Q2 2025.
Outlook and guidance
Management expects continued positive net sales in MDT strategies and ongoing expansion in private markets and new product launches.
$296 million planned over the next three years for technology initiatives and global expansion.
Expense normalization expected as one-time FCP acquisition costs subside; ongoing comp and professional fees to normalize.
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Latest events from Federated Hermes
- Board transitions, record financials, and strategic acquisitions marked the annual meeting.FHI
AGM 2026 - AUM hit $907.1B, revenue up 13% to $478.96M, and dividend rose to $0.38 per share.FHIQ1 2026
- AUM reached $924B, with growth in digital assets, alternatives, and global expansion.FHI2026 RBC Capital Markets Global Financial Institutions Conference
- Record AUM and double-digit earnings growth driven by money market and equity inflows.FHIQ4 2025
- AUM hit $845.7B, with surging earnings and a new buyback program driving strong Q2 results.FHIQ2 2025
- AUM reached $800.5B, up 12% YoY, with Q3 net income up 17% to $87.5M and EPS at $1.06.FHIQ3 2024
- AUM hit $782.7B, but Q2 profit dropped on a $66.3M impairment charge.FHIQ2 2024
- AUM hit $847B, with equity and alternatives growth, tech upgrades, and acquisitions prioritized.FHIRBC Capital Markets Global Financial Institutions Conference 2025
- Record AUM and strong money market inflows drive Q4 earnings and capital returns.FHIQ4 2024
Next Federated Hermes earnings date
Q3 202630 Oct, 2026
Federated Hermes
Next Federated Hermes earnings date
Q3 202630 Oct, 2026
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Frequently asked questions
Investment Management With an ESG Focus
Federated Hermes, formerly known as Federated Investors, is an American investment management firm with multinational operations. The company offers a diverse range of investment services, including active management in equities, fixed income, alternative and private market investments, multi-asset strategies, and liquidity management. The firm manages substantial assets for a varied clientele, including corporations, government entities, insurance companies, and foundations. It is headquartered in Pittsburgh, Pennsylvania, and its shares are listed on the NYSE.
Founded by High School Classmates
Federated Investors was founded in 1955 in Pittsburgh by two former High School Classmates, John F. Donahue and Richard B. Fisher, together with the help of legal counsel Thomas J. Donnelly, It began as a mutual fund company, primarily focusing on the management of money market funds and steadily growing.
Throughout the 1980s and 1990s, Federated expanded its product offerings and grew its assets under management significantly. It started offering a wider range of mutual funds and began serving a broader client base, eventually going public in 1998. Following its IPO, the company continued to grow, both organically and through acquisitions in 2020, Federated Investors rebranded as Federated Hermes, Inc. This change followed the 2018 acquisition of a majority stake in Hermes Investment Management, a London-based investment management firm known for its focus on responsible investing.
The Financial Services
The company's primary focus is on managing investment funds and providing tailored investment solutions to meet the diverse needs of its clients. These services encompass various asset classes, including equity, fixed income, alternative investments, and multi-asset strategies. A significant aspect of Federated Hermes' offerings is its expertise in liquidity management, which is particularly beneficial for institutional clients and businesses in managing their cash flows and maintaining liquidity.
The firm caters to a broad spectrum of clients, from individual investors to large institutional clients like pension funds, endowments, and financial intermediaries. For individual investors, Federated Hermes offers mutual funds and managed accounts, while institutional clients benefit from customized portfolio management and advisory services. Some similar companies listed on public exchanges are Apollo Global Management, The Carlyle Group, and Franklin Resources.
A Strong Focus on ESG
Federated Hermes has a strong focus on Environmental, Social, and Governance (ESG) principles, positioning these factors at the core of its investment philosophy. The company integrates ESG considerations into its investment analysis and decision-making processes across its entire portfolio. By doing so, Federated Hermes aims to identify companies that not only demonstrate financial potential but also show a commitment to responsible business practices.