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Federated Hermes Inc   (FHI)
Other Ticker:  
 
    Sector  Financial    Industry Investment Services
   Industry Investment Services
   Sector  Financial
 

FHI's Operating Income Growth by Quarter and Year

Federated Hermes Inc 's Operating Income results by quarter and year




FHI Operating Income (in millions $) FY 2024 FY 2023 FY 2022 FY 2021
IV Quarter December - 371.51 171.20 175.02
III Quarter September - 101.42 96.78 98.40
II Quarter June - 98.39 92.32 81.81
I Quarter March 98.58 85.17 83.95 97.48
FY   98.58 656.49 444.25 452.71



FHI Operating Income first quarter 2024 Y/Y Growth Comment
Federated Hermes Inc achieved in the first quarter 2024, above Company average Operating Income increase of 15.75% year on year, to $ 98.58 millions.

Looking into first quarter 2024 results within Investment Services industry 27 other companies have achieved higher Operating Income growth. While Federated Hermes Inc ' s Operating Income growth of 15.75% ranks overall at the positon no. 770 in the first quarter 2024.

Explain Operating Income growth


FHI Operating Income ( Y/Y Growth %) 2024
2023 2022 2021
IV Quarter December - 117 % -2.18 % -21.16 %
III Quarter September - 4.79 % -1.65 % -13.21 %
II Quarter June - 6.57 % 12.85 % -15.88 %
I Quarter March 15.75 % 1.45 % -13.88 % 5.11 %
FY   - 47.77 % -1.87 % -13.83 %

Financial Statements
Federated Hermes Inc 's first quarter 2024 Operating Income $ 98.58 millions FHI's Income Statement
Federated Hermes Inc 's first quarter 2023 Operating Income $ 85.17 millions Quarterly FHI's Income Statement
New: More FHI's historic Operating Income Growth >>


FHI Operating Income (Quarter on Quarter Growth %)

2024
2023 2022 2021
IV Quarter December - 266.31 % 76.9 % 77.87 %
III Quarter September - 3.08 % 4.83 % 20.28 %
II Quarter June - 15.52 % 9.97 % -16.08 %
I Quarter March -73.46 % -50.25 % -52.03 % -56.09 %
FY (Year on Year)   - 47.77 % -1.87 % -13.83 %




Operating Income first quarter 2024 Y/Y Growth Company Ranking
Within: No.
Investment Services Industry #28
Financial Sector #217
Overall #770

Operating Income Y/Y Growth Statistics
High Average Low
50.38 % 4.6 % -17.15 %
(Mar 31 2024)   (Mar 31 2022)
Operating Income first quarter 2024 Y/Y Growth Company Ranking
Within: No.
Investment Services Industry #28
Financial Sector #217
Overall #770
Operating Income Y/Y Growth Statistics
High Average Low
50.38 % 4.6 % -17.15 %
(Mar 31 2024)   (Mar 31 2022)

Operating Income by Quarter for the Fiscal Years 2021, 2022, 2023, 2024

Federated Hermes Inc 's Q/Q Operating Income Growth


Operating Income Q/Q Growth Statistics
High Average Low
266.29 % 21.5 % -73.46 %
(Dec 31 2023)  


FHI's I. Quarter Q/Q Operating Income Comment
In the I. Quarter 2024 Federated Hermes Inc reported fall in Operating Income from the fourth quarter by -73.46% to $ 98.58 millions, from $ 371.51 millions achived in the previous reporting period.

It's not big problem, as Operating Income always gravitate to plunge in the I. Quarter Lexie  Smith, a business veteran wrote.

Within Investment Services industry 31 other companies have achieved higher Operating Income quarter on quarter growth. While Federated Hermes Inc 's Operating Income growth quarter on quarter, overall rank is 1333.


Operating Income Q/Q Growth Company Ranking
Within: No.
Investment Services Industry #32
Financial Sector #392
Overall #1333
Operating Income Q/Q Growth Company Ranking
Within: No.
Investment Services Industry #32
Financial Sector #392
Overall #1333
Operating Income Q/Q Growth Statistics
High Average Low
266.29 % 21.5 % -73.46 %
(Dec 31 2023)  


FHI's I. Quarter Q/Q Operating Income Comment
In the I. Quarter 2024 Federated Hermes Inc reported fall in Operating Income from the previous quarter by -73.46% to $ 98.58 millions, from $ 371.51 millions declared in the previous quarter.

But that's not important concern, as I. Quarter Operating Income frequently gravitate to slow in the I. Quarter Lexie  Smith, a business veteran told.

Within Investment Services industry 31 other companies have achieved higher Operating Income quarter on quarter growth. While Federated Hermes Inc 's Operating Income growth quarter on quarter, overall rank is 1333.


Federated Hermes Inc 's 12 Months Operating Income Growth Year on Year


Operating Income TTM Growth

12 Months Ending
(Mar 31 2024)
12 Months Ending
(Dec 31 2023)
12 Months Ending
(Sep 30 2023)
12 Months Ending
(Jun 30 2023)
12 Months Ending
(Mar 31 2023)
Cumulative Operating Income 12 Months Ending $ 669.90 $ 656.49 $ 456.18 $ 451.53 $ 445.46
Y / Y Operating Income Growth (TTM) 50.38 % 47.78 % 1.81 % 0.41 % 1.43 %
Year on Year Operating Income Growth Overall Ranking # 749 # 754 # 272 # 553 # 1800
Seqeuential Operating Income Change (TTM) 2.04 % 43.91 % 1.03 % 1.36 % 0.27 %
Seq. Operating Income Growth (TTM) Overall Ranking # 770 # 739 # 229 # 423 # 1500




Cumulative Operating Income growth Comment
With 50.38% annual Operating Income growth, Federated Hermes Inc would report a record annual Operating Income growth if the fiscal year would end on Mar 31 2024.

In the Financial sector 209 other companies have achieved higher trailing twelve month Operating Income growth. While Total ranking has impoved so far to 749, from total ranking in previous quarter at 754.

Operating Income TTM Q/Q Growth Statistics
High Average Low
50.38 %
4.6 %
-17.15 %
 

Operating Income TTM Y/Y Growth Company Ranking
Within: No.
Investment Services Industry # 28
Financial Sector # 210
Overall # 749

Operating Income TTM Y/Y Growth Statistics
High Average Low
50.38 %
4.6 %
-17.15 %
 


Operating Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 28
Sector # 217
S&P 500 # 770
Cumulative Operating Income growth Comment
With 50.38% annual Operating Income growth, Federated Hermes Inc would report a record annual Operating Income growth if the fiscal year would end on Mar 31 2024.

In the Financial sector 209 other companies have achieved higher trailing twelve month Operating Income growth. While Total ranking has impoved so far to 749, from total ranking in previous quarter at 754.

Operating Income TTM Q/Q Growth Statistics
High Average Low
50.38 %
4.6 %
-17.15 %
 


Operating Income TTM Y/Y Growth Company Ranking
Within: No.
Investment Services Industry # 28
Financial Sector # 210
Overall # 749

Operating Income TTM Y/Y Growth Statistics
High Average Low
50.38 %
4.6 %
-17.15 %
 


Operating Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 28
Sector # 217
S&P 500 # 770




Other Operating Income Growth
Investment Services Industry Operating Income Growth Trends and Statistics
Financial Sector Operating Income Growth Statistics
Operating Income Growth Trends for overall market
FHI's Operating Income Growth Ratio versus Investment Services Industry, Financial Sector and total Market
Highest Ranking Operating Income Growth
Lowest Ranking Operating Income Growth
Operating Income Growth for FHI's Competitors
Operating Income Growth for Federated Hermes Inc 's Suppliers
Operating Income Growth for FHI's Customers

You may also want to know
FHI's Annual Growth Rates FHI's Profitability Ratios FHI's Asset Turnover Ratio FHI's Dividend Growth
FHI's Roe FHI's Valuation Ratios FHI's Financial Strength Ratios FHI's Dividend Payout Ratio
FHI's Roa FHI's Inventory Turnover Ratio FHI's Growth Rates FHI's Dividend Comparisons



Companies with similar Operating Income growth for the quarter ending Mar 31 2024 within Financial SectorY/Y Change %Operating Income for the quarter ending Mar 31 2024
Extra Space Storage Inc 27.43%$ 27.429 millions
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Pathward Financial Inc 25.13%$ 25.129 millions
Federal Home Loan Bank Of Pittsburgh25.04%$ 25.041 millions
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Summit Financial Group Inc 24.71%$ 24.706 millions
Fncb Bancorp Inc 24.52%$ 24.524 millions
Ameris Bancorp24.06%$ 24.058 millions
Sei Investments Company23.67%$ 23.666 millions
First Commonwealth Financial Corp22.52%$ 22.522 millions
Rexford Industrial Realty Inc 22.15%$ 22.149 millions
Hilltop Holdings Inc 21.30%$ 21.304 millions
Raymond James Financial Inc 21.24%$ 21.243 millions
Price T Rowe Group Inc21.15%$ 21.148 millions
F and m Bank Corp 21.12%$ 21.116 millions
S and p Global Inc 21.07%$ 21.066 millions
Bank First Corp20.97%$ 20.966 millions
Hennessy Advisors Inc20.54%$ 20.540 millions
Udr Inc 20.51%$ 20.511 millions
South Plains Financial Inc 20.47%$ 20.473 millions
Alexandria Real Estate Equities Inc 19.86%$ 19.860 millions
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