Federated Hermes (FRA:3KC) Tax Rate % : 27.89% (As of Mar. 2024)

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What is Federated Hermes Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Federated Hermes's Tax Expense for the three months ended in Mar. 2024 was €27 Mil. Federated Hermes's Pre-Tax Income for the three months ended in Mar. 2024 was €96 Mil. Therefore, Federated Hermes's Tax Rate % for the quarter that ended in Mar. 2024 was 27.89%.

Federated Hermes Tax Rate % Historical Data

The historical data trend for Federated Hermes's Tax Rate % 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 Tax Rate % Chart

Federated Hermes Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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24.13

24.67

27.63

23.40

25.90

Federated Hermes Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Tax Rate %	Get a 7-Day Free Trial															22.72	27.39	26.43	26.64	27.89

Federated Hermes Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Federated Hermes's Tax Rate % for the fiscal year that ended in Dec. 2023 is calculated as

Tax Rate %	=	Tax Expense (A: Dec. 2023 )	/	Pre-Tax Income (A: Dec. 2023 )
	=	97.707	/	377.191
	=	25.90 %

Federated Hermes's Tax Rate % for the quarter that ended in Mar. 2024 is calculated as

Tax Rate %	=	Tax Expense (Q: Mar. 2024 )	/	Pre-Tax Income (Q: Mar. 2024 )
	=	26.687	/	95.697
	=	27.89 %

Federated Hermes Tax Rate % Related Terms

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Federated Hermes (FRA:3KC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Federated Hermes Inc (FRA:3KC) » Definitions » Tax Rate %

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Traded in Other Exchanges

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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