Federated Hermes (FRA:3KC) Other Income (Expense) : €32 Mil (TTM As of Mar. 2024)

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What is Federated Hermes Other Income (Expense)?

Federated Hermes's other income expense for the Federated Hermes's pretax income for the three months ended in Mar. 2024 was €8 Mil. Its other income expense for the trailing twelve months (TTM) ended in Mar. 2024 was €32 Mil.

Federated Hermes Other Income (Expense) Historical Data

The historical data trend for Federated Hermes's Other Income (Expense) can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Federated Hermes Other Income (Expense) Chart

Federated Hermes Annual Data

Trend

Dec14

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Dec20

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Dec23

Other Income (Expense)

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15.61

25.14

10.45

-18.41

33.29

Federated Hermes Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Other Income (Expense)	Get a 7-Day Free Trial															9.75	4.87	2.54	16.40	7.90

Federated Hermes Other Income (Expense) Calculation

Other income expense includes minority interest. Minority interest is a significant but non-controlling ownership of less than 50% of a company's voting shares by either an investor or another company.

Other Income (Expense) for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €32 Mil.

Federated Hermes (FRA:3KC) Other Income (Expense) Explanation

Minority interest is reported on the consolidated income statement as a share of profit belonging to minority shareholders.

Federated Hermes (FRA:3KC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Federated Hermes Inc (FRA:3KC) » Definitions » Other Income (Expense)

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FHI:USA

Address

1001 Liberty Avenue, Pittsburgh, PA, USA, 15222-3779

Website

https://www.federatedhermes.com

Federated provides asset management services for institutional and individual investors. The company had $715.2 billion in managed assets at the end of September 2023, composed of equity (11%), multi-asset (less than 1%), fixed-income (13%), alternative (3%), and money market (73%) funds. That said, the firm's cash-management operations are expected to generate around 46% of Federated's revenue this year, compared with 31%, 12%, and 11%, respectively, for the firm's equity, fixed-income, and alternatives/multi-asset operations. From a channel perspective, the company's products are distributed via trust banks, wealth managers and retail broker/dealers (63% of AUM), institutional investors (27%), and international clients (10%).

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