Federated Hermes

Q2 FY2026 EarningsQ2 FY26 beat consensus across all key profitability metrics: revenue of $502.8M exceeded the $484.5M estimate (+3.77%), while GAAP EPS of $1.38 significantly outperformed the $1.19 mean estimate (+15.97%). The beat was driven by a 28% YoY surge in equity average AUM and the successful $216M acquisition of FCP Fund Manager, which contributed $13.9M to the top line. Management's leverage ratio remains conservative at 0.55x, supporting continued shareholder returns, including a $0.38 per share dividend and $124.9M in YTD share repurchases.