Federated Hermes (FRA:3KC) Selling, General, & Admin. Expense: €608 Mil (TTM As of Mar. 2026)

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FRA:3KC Federated Hermes Inc FRA:3KC
95 GF Score
Price €49.80
GF Value €43.51
! 6 Warning Signs
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What is Federated Hermes Selling, General, & Admin. Expense?

Federated Hermes FRA:3KC -0.40% 95 Selling, General, & Admin. Expense is €608 Mil as of Mar. 2026. GuruFocus rates FRA:3KC with a GF Score™ of 95/100 and a GF Value™ of €43.51. The stock has 6 warning signs investors should review.

Selling, general, & admin. expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. Federated Hermes's selling, general, & admin. expense for the three months ended in Mar. 2026 was €162 Mil. Its selling, general, & admin. expense for the trailing twelve months (TTM) ended in Mar. 2026 was €608 Mil.


Federated Hermes  (FRA:3KC) Selling, General, & Admin. Expense Explanation

An efficient operation keeps SGA costs low and thus has higher profit margin. The percentage of SGA relative to total revenue is an indication of how efficiently the company operates. Compare this percentage among the companies in the same industry is a good way of finding more efficient operations. A comparison of the SGA cost relative to the revenue with the historical value can also be an indication of how efficient the company has become.

Warren Buffett likes companies with consistent SGA as the percentage of gross profit.

Companies with no durable competitive advantage show wild variation in SG&A as % of Gross Profit.

If SGA is less than 30% of Gross Profit, it is fantastic. If SGA is nearing 100%, it is is in highly competitive industry.


Federated Hermes Selling, General, & Admin. Expense Related Terms


Federated Hermes Selling, General, & Admin. Expense Historical Data

* Premium members only.

The historical data trend for Federated Hermes's Selling, General, & Admin. 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.

Federated Hermes Selling, General, & Admin. Expense Chart

Federated Hermes Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Selling, General, & Admin. Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 321.09 485.57 543.76 589.46 577.59

Federated Hermes Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Selling, General, & Admin. Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 144.66 136.61 149.29 159.84 162.36

FRA:3KC vs OTF, DNP, CNS: Selling, General, & Admin. Expense Comparison

For the Asset Management subindustry, Federated Hermes's Selling, General, & Admin. Expense, along with its competitors' market caps and Selling, General, & Admin. Expense data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Federated Hermes Selling, General, & Admin. Expense vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Federated Hermes's Selling, General, & Admin. Expense distribution charts can be found below:

* The bar in red indicates where Federated Hermes's Selling, General, & Admin. Expense falls into.


FRA:3KC
95GF Score
Federated Hermes Inc FRA:3KC
Selling, General, & Admin. Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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Federated Hermes Selling, General, & Admin. Expense Calculation

Selling, General, & Admin. Expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. For instance, personnel cost, advertising, rent, communication costs are all part of SGA.

Selling, General, & Admin. Expense for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €608 Mil.

* 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.

What does a Selling, General, & Admin. Expense of €608 Mil mean?
Federated Hermes (FRA:3KC) has a Selling, General, & Admin. Expense of €608 Mil as of Mar. 2026. Selling, general and admin expense is the total cost for direct, indirect, general and administrative activities. View historical data on Federated Hermes and its competitors.
Is Federated Hermes' Selling, General, & Admin. Expense too high?
Federated Hermes' current Selling, General, & Admin. Expense is €608 Mil. Overall, Federated Hermes has a GF Score™ of 95/100, reflecting its overall financial health beyond just this single metric.
How does Federated Hermes' Selling, General, & Admin. Expense compare to OTF and DNP?
Federated Hermes' Selling, General, & Admin. Expense of €608 Mil can be compared against companies in the Asset Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Selling, General, & Admin. Expense for an Asset Management company?
A good Selling, General, & Admin. Expense depends on the Asset Management industry context. However, Selling, General, & Admin. Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Selling, General, & Admin. Expense mean?
A high Selling, General, & Admin. Expense can signal that a stock is expensive relative to its fundamentals. Selling, general and admin expense is the total cost for direct, indirect, general and administrative activities. View historical data on Federated Hermes and its competitors. Federated Hermes's current Selling, General, & Admin. Expense is €608 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Federated Hermes stock overvalued right now?
Federated Hermes (FRA:3KC) has a current Selling, General, & Admin. Expense of €608 Mil. The stock's GF Value™ is €43.51, compared to a current price of €49.80 — trading 14.5% above its estimated fair value. The current Selling, General, & Admin. Expense is €608 Mil. Federated Hermes' overall GF Score™ is 95/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Selling, General, & Admin. Expense calculated?
Selling, General, & Admin. Expense is calculated from a company's financial statements. For Federated Hermes (FRA:3KC), the current Selling, General, & Admin. Expense is €608 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Federated Hermes (FRA:3KC) Overvalued in 2026?

Based on GuruFocus' analysis, Federated Hermes stock appears to be overvalued. The current stock price of €49.80 is trading 14.5% above its estimated GF Value™ of €43.51.

Key valuation signals for FRA:3KC:

  • Selling, General, & Admin. Expense: €608 Mil
  • GF Value™: €43.51 vs. price of €49.80 (14.5% above fair value)
  • GF Score™: 95/100 with 6 warning signs

No single metric tells the full story. See the FRA:3KC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Federated Hermes Business Description

Other Exchanges FHI:USA
Address 1001 Liberty Avenue, Pittsburgh, PA, USA, 15222-3779
Federated Hermes provides asset management services for institutional and individual investors. The firm had $902.6 billion in managed assets at the end of 2025, composed of equity (11%), multi-asset (less than 1%), fixed-income (11%), alternative (2%), and money market (76%) funds. The firm's cash management operations are expected to generate around 55% of Federated's revenue this year, compared with 27%, 10%, and 8%, respectively, for the equity, fixed-income, and alternatives/multi-asset/other operations. The company's products are distributed via trust banks, wealth managers, and retail broker/dealers (68% of AUM), institutional investors (25%), and international clients (7%).
95GF Score

Get the complete analysis for FRA:3KC

Selling, General, & Admin. Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€49.80
Price
€43.51
GF Value