Federated Hermes (FRA:3KC) Total Operating Expense: €640 Mil (TTM As of Mar. 2026)


FRA:3KC Federated Hermes Inc FRA:3KC
85 GF Score
Price €49.00
GF Value €43.53
Valuation Modestly Overvalued
! 6 Warning Signs
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What is Federated Hermes Total Operating Expense?

Federated Hermes FRA:3KC +2.08% 85 Total Operating Expense is €640 Mil as of Mar. 2026. GuruFocus rates FRA:3KC with a GF Score™ of 85/100 and a GF Value™ of €43.53 (Modestly Overvalued). The stock has 6 warning signs investors should review.

Federated Hermes's Total Operating Expense for the three months ended in Mar. 2026 was €169 Mil. Federated Hermes's Total Operating Expense for the trailing twelve months (TTM) ended in Mar. 2026 was €640 Mil.

Federated Hermes Total Operating Expense Related Terms

Federated Hermes Total Operating Expense Historical Data

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The historical data trend for Federated Hermes's Total Operating 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 Total Operating Expense Chart

Federated Hermes Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Total Operating Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 343.26 521.31 591.25 621.49 593.84

Federated Hermes Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Total Operating 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 134.41 138.19 163.48 169.78 168.75
FRA:3KC
85GF Score
Federated Hermes Inc FRA:3KC
Total Operating Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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Federated Hermes Total Operating Expense Calculation

Total Operating Expense is the primary recurring expense associated with central operations that are incurred in order to generate sales.


Total Operating 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 €640 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 Total Operating Expense of €640 Mil mean?
Federated Hermes (FRA:3KC) has a Total Operating Expense of €640 Mil as of Mar. 2026. Total operating expense is the primary recurring expense associated with central operations. View historical data on Federated Hermes and its competitors.
Is Federated Hermes' Total Operating Expense too high?
Federated Hermes' current Total Operating Expense is €640 Mil. Overall, Federated Hermes has a GF Score™ of 85/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Federated Hermes' Total Operating Expense compare to DNP and CNS?
Federated Hermes' Total Operating Expense of €640 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 Total Operating Expense for an Asset Management company?
A good Total Operating Expense depends on the Asset Management industry context. However, Total Operating 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 Total Operating Expense mean?
A high Total Operating Expense can signal that a stock is expensive relative to its fundamentals. Total operating expense is the primary recurring expense associated with central operations. View historical data on Federated Hermes and its competitors. Federated Hermes's current Total Operating Expense is €640 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?
Based on GuruFocus' analysis, Federated Hermes (FRA:3KC) is currently considered Modestly Overvalued. The stock's GF Value™ is €43.53, compared to a current price of €49.00 — trading 12.6% above its estimated fair value. The current Total Operating Expense is €640 Mil. Federated Hermes' overall GF Score™ is 85/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Operating Expense calculated?
Total Operating Expense is calculated from a company's financial statements. For Federated Hermes (FRA:3KC), the current Total Operating Expense is €640 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 €49.00 is trading 12.6% above its estimated GF Value™ of €43.53. GuruFocus considers Federated Hermes to be Modestly Overvalued.

Key valuation signals for FRA:3KC:

  • Total Operating Expense: €640 Mil
  • GF Value™: €43.53 vs. price of €49.00 (12.6% above fair value)
  • GF Score™: 85/100 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%).
85GF Score

Get the complete analysis for FRA:3KC

Total Operating Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€49.00
Price
€43.53
GF Value