FEDERATED HERMES, INC. Earnings Per Share Disclosure
| (in thousands, except per share data) | 2025 | 2024 | 2023 | |||||||||||||||||
| Numerator | ||||||||||||||||||||
| Net Income Attributable to Federated Hermes, Inc. | $ | 403,299 | $ | 268,314 | $ | 298,980 | ||||||||||||||
Less: Total Net Income Available to Participating Unvested Restricted Shareholders1 | (18,140) | (11,605) | (13,981) | |||||||||||||||||
Total Net Income Attributable to Federated Hermes Common Stock – Basic and Diluted | $ | 385,159 | $ | 256,709 | $ | 284,999 | ||||||||||||||
| Denominator | ||||||||||||||||||||
Basic Weighted-Average Federated Hermes Common Stock2 | 75,101 | 79,426 | 83,858 | |||||||||||||||||
| Dilutive Impact from Non-forfeitable Restricted Stock | 2 | 4 | 5 | |||||||||||||||||
Diluted Weighted-Average Federated Hermes Common Stock2 | 75,103 | 79,430 | 83,863 | |||||||||||||||||
| Earnings Per Share | ||||||||||||||||||||
Net Income Attributable to Federated Hermes Common Stock – Basic and Diluted2 | $ | 5.13 | $ | 3.23 | $ | 3.40 | ||||||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 27, 2026 | Showing above |
| 2024 | Feb 28, 2025 | |
| 2023 | Feb 23, 2024 | |
| 2022 | Feb 24, 2023 | |
| 2021 | Feb 25, 2022 | |
| 2020 | Feb 26, 2021 | |
| 2019 | Feb 21, 2020 | |
| 2018 | Feb 22, 2019 | |
| 2017 | Feb 23, 2018 | |
| 2016 | Feb 24, 2017 | |
| 2015 | Feb 22, 2016 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.