Revenue from Contracts with Customers (Tables)

6 Months Ended

Jun. 30, 2022

Revenue from Contract with Customer [Abstract]

Schedule of Disaggregation of Revenue

The following table presents Federated Hermes’ revenue disaggregated by asset class:

	Three Months Ended				Six Months Ended
	June 30,				June 30,
(in thousands)	2022		2021		2022		2021
Equity	$	132,602	$	171,595	$	279,459	$	337,953
Money market	145,807		49,286		232,097		129,978
Fixed-income	51,954		57,716		109,828		114,493
Other1	35,645		32,443		69,388		69,789
Total Revenue	$	366,008	$	311,040	$	690,772	$	652,213

1    Primarily includes Alternative / Private Markets (including but not limited to private equity, real estate and infrastructure), multi-asset and stewardship services revenue.

The following table presents Federated Hermes’ revenue disaggregated by performance obligation:

	Three Months Ended				Six Months Ended
	June 30,				June 30,
(in thousands)	2022		2021		2022		2021
Asset Management1	$	258,043	$	214,289	$	491,037	$	461,978
Administrative Services	70,182		77,750		143,689		152,051
Distribution2	31,182		12,191		42,259		25,219
Other3	6,601		6,810		13,787		12,965
Total Revenue	$	366,008	$	311,040	$	690,772	$	652,213

1    The performance obligation may include administrative, distribution and other services recorded as a single asset management fee under Topic 606, as it is part of a unitary fee arrangement with a single performance obligation.

2    The performance obligation is satisfied at a point in time. A portion of this revenue relates to a performance obligation that has been satisfied in a prior period.

3    Primarily includes shareholder service fees and stewardship services revenue.

The following table presents Federated Hermes’ revenue disaggregated by geographical market:

	Three Months Ended				Six Months Ended
	June 30,				June 30,
(in thousands)	2022		2021		2022		2021
Domestic	$	291,507	$	224,283	$	538,316	$	480,773
Foreign1	74,501		86,757		152,456		171,440
Total Revenue	$	366,008	$	311,040	$	690,772	$	652,213

1    This represents revenue earned by non-U.S. domiciled subsidiaries.

The following table presents Federated Hermes’ revenue disaggregated by product type:

	Three Months Ended				Six Months Ended
	June 30,				June 30,
(in thousands)	2022		2021		2022		2021
Federated Hermes Funds	$	300,896	$	242,049	$	558,231	$	516,054
Separate Accounts	60,577		65,182		123,350		129,037
Other1	4,535		3,809		9,191		7,122
Total Revenue	$	366,008	$	311,040	$	690,772	$	652,213

1    Primarily includes stewardship services revenue.

Schedule of Remaining Unsatisfied Performance Obligations

Based on existing contracts and the applicable foreign exchange rates as of June 30, 2022, Federated Hermes may recognize future fixed revenue from these services as presented in the following table:

(in thousands)
Remainder of 2022	$	6,693
2023	6,006
2024	3,100
2025 and Thereafter	1,143
Total Remaining Unsatisfied Performance Obligations	$	16,942