FHI Federated Hermes margins

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  3. NYSE: FHI
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Relative Growth: Rel. Growth:
Relative Strength: Rel. Strength:
Relative Valuation: Rel. Valuation:
Relative Profitability: Rel. Profitability: 97
Gross margin
100%
Operating margin
27.8%
EBITDA margin
30.6%
Net margin
21.3%

Currently, Federated Hermes has a gross margin of 100%, an operating margin of 27.8%, an EBITDA margin of 30.6%, and a net margin of 21.3%. The largest decline was in EBITDA margin, down 0.7 percentage points; the remaining margins held steady.

FHI margin history

Gross, operating, EBITDA and net margin trends

Federated Hermes's margins averaged 100% gross, 25.43% operating, 28.78% EBITDA, and 19.5% net during the last 3 years. Current figures show operating, EBITDA, and net margins are above their three-year averages.

FHI margin expansion

Year-over-year margin changes in percentage points

From the same period last year, operating margin contracted by 0.2 percentage points, EBITDA margin by 0.7 percentage points, and net margin by 0.6 percentage points, while gross margin was unchanged.

Gross margin expansion
0pp
Operating margin expansion
-0.2pp
EBITDA margin expansion
-0.7pp
Net margin expansion
-0.6pp

FHI Gross margin

Across the last 3 years, Federated Hermes's gross margin came to 100%. The current gross margin stands at 100%, in line with its three-year average. Gross margin was highest at 100% in Sep 2026 and lowest at 100% in Dec 2023.

FHI Operating margin

Federated Hermes recorded an average operating margin of 25.43% across the last 3 years. Federated Hermes currently reports an operating margin of 27.8%, 2.4 percentage points above its three-year average. Over the last 3 years, Federated Hermes's operating margin peaked at 28.5% in Dec 2025 and reached a low of 21.5% in Jun 2024.

FHI EBITDA margin

Over the last 3 years, Federated Hermes's EBITDA margin averaged 28.78%. The current EBITDA margin of 30.6% is 1.8 percentage points above its three-year average. During this period, EBITDA margin reached a high of 31.8% in Dec 2025 and a low of 25.1% in Jun 2024.

FHI Net margin

Over the last 3 years, Federated Hermes's net margin averaged 19.5%. At present, Federated Hermes's current net margin is 21.3%, which is 1.8 percentage points above its three-year average. During this period, net margin reached a high of 22.4% in Dec 2025 and a low of 15.9% in Jun 2024.

FHI margin group comparison

Margins compared with peer-group, industry and sector averages

With a gross margin of 100%, FHI stands higher than the Financial Services sector and the industry average. Looking at the Financial Services sector average of 83.4%, Federated Hermes's gross margin is 20% higher.

FHI margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Federated Hermes's gross margin?

For the period ending Sep 30, 2026, FHI recorded a gross margin of 100%.

What is Federated Hermes's operating margin?

The current operating margin for FHI is 27.8% as of Sep 30, 2026.

What is Federated Hermes's EBITDA margin?

The current EBITDA margin for FHI is 30.6% as of Sep 30, 2026.

What is Federated Hermes's net margin?

As of Sep 30, 2026, FHI has a net margin of 21.3%.

What are the average margins of FHI?

Looking back over 3 years, FHI recorded average margins of 100.0% gross, 25.4% operating, 28.8% EBITDA, and 19.5% net.

What are the highest historical margins of FHI?

Over the last 5 years, Federated Hermes's highest margins were 100% gross in Sep 2026, 28.5% operating in Dec 2025, 31.8% EBITDA in Dec 2025, and 22.4% net in Dec 2025.

What are the lowest historical margins of FHI?

In the last 5 years, the lowest margins reported by FHI were 100% gross in Dec 2021, 21.5% operating in Jun 2024, 24.2% EBITDA in Dec 2022, and 15.9% net in Jun 2024.