Wednesday 4 November 2026 Export FRHC’s income statement to Excel — free account

Freedom Holding Corp.

Freedom Holding Corp.’s revenue for fiscal 2026 (year ended March 2026) was $2.2 billion, up 9.34% from fiscal 2025.

Revenue: +39.8%
EPS: +1.96%
Free cash flow: −197.0%
Total debt: +115.7%

Quarter to June 2026, against a year earlier

186.01 0.82 −0.44%

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Market cap: $11.9B
P/E: 72.8×
Fwd P/E: 12.3×
Dividend yield: —
F-score: 5/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Earnings & Analysis Segments Valuation Filings

Freedom Holding Corp. (FRHC) revenue by segment, product and region

Where the money comes from and where it goes

Fiscal 2026: revenue by segment, and margins
Brokerage	832	37.95%
Banking	689	31.45%
Insurance	498	22.72%
Other	173	7.89%
Gross margin		96.37%
Operating margin		10.31%
Pre-tax margin		10.31%

Revenue by segment $m

Line	FY2026	FY2025	FY2024	FY2023	FY2022
Brokerage	832 37.95%	717 35.79%	622 37.76%	385 48.24%	396 57.35%
Banking	689 31.45%	506 25.25%	616 37.39%	245 30.70%	84 12.23%
Insurance	498 22.72%	637 31.77%	326 19.76%	173 21.66%	105 15.26%
Other	173 7.89%	144 7.19%	84 5.09%	(5) (0.59%)	105 15.17%
Revenue	2,191	2,004	1,647	799	690

Gross profit by segment $m, and margin

	FY2026	FY2025	FY2024	FY2023	FY2022
Other	‡	‡	‡	‡	‡
Banking	‡	‡	‡	‡	‡
Brokerage	‡	‡	‡	‡	‡
Insurance	‡	‡	‡	‡	‡
Gross profit	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡

Revenue by region $m

Line	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
Kazakhstan	1,839 83.90%	1,704 85.01%	1,471 89.32%	568 71.11%	—	—	—
Armenia	182 8.29%	182 9.07%	43 2.62%	0 0.01%	—	—	—
Cyprus	154 7.04%	69 3.47%	118 7.18%	215 26.93%	—	—	—
Other	14 0.64%	5 0.26%	2 0.10%	2 0.30%	—	—	—
United States	3 0.13%	44 2.19%	13 0.78%	13 1.64%	9 1.32%	9 2.62%	0 0.28%
Europe, excluding Eastern Europe	—	—	—	—	458 66.35%	198 56.98%	64 76.48%
Central Asia and Eastern Europe	—	—	—	—	223 32.33%	140 40.40%	—
Middle East/ Caucasus	—	—	—	—	0 0.00%	0 0.00%	—
Asia	—	—	—	—	—	—	19 23.24%
Middle East	—	—	—	—	—	—	0 0.00%
Revenue	2,191	2,004	1,647	799	690	347	83

As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.