Sunday 11 October 2026 Export all FRHC data to Excel Powerpack

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. In the quarter to June 2026, revenue grew 39.8%, EPS grew 1.96%, free cash flow fell 197.0% and total debt rose 115.7%, each against the same quarter a year earlier. Revenue growth for five consecutive years; insiders bought in the last twelve months.

169.65 2.95 +1.77%

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Market cap: $10.6B
P/E: 68.9×
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 Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 2.41

Total sells 8.00

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	1	—	—	—	—	—	—	—	—
Sell	1	—	—	1	—	—	—	3	—	4	—	—

Insider Ownership 65.99%

Capital & Financial Ratios $m

Market Cap 10,630.00

Revenue 2,399.84

Net Income 147.63

Free Cash Flow (946.82)

Net Debt (5,473.55)

Current Ratio 1.16

Debt/Equity 1.00

P/E ratio 68.87

Fwd P/E 12.30

P/S ratio 4.26

P/B ratio 6.65

Past 5Y EPS Growth 0.49%

This Y EPS Growth —

Next Y EPS Growth —

Next Y revenue growth 10.11%

Next 5Y EPS Growth —

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 83.43%

10-year low 10-year high

P/S against its own 10 years 42.38%

10-year low 10-year high

P/B against its own 10 years 70.92%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2023	Powerpack
2022	Powerpack
2021	Powerpack
2020	Powerpack
2019	Powerpack
2018	Powerpack

special payouts not included in total or ratios

Assets vs Liabilities $m

	2024	2025	2026	Q'26
Cash	4,913	4,460	5,555	7,007
Receivables	3,042	4,915	6,768	6,033
Inventory	—	—	—	—
Other	—	—	—	—
	7,955	9,374	12,323	13,041

	2024	2025	2026	Q'26
Payables	868	1,322	690	594
ST’ Debt	267	470	1,261	1,471
Other	2,571	4,777	7,758	7,817
	6,496	8,017	10,777	11,198

Compound Annual Growth %

	10y	5y	3y
Sales	—	44.58%	39.97%
Cash Flow	0.00%	(18.94%)	0.00%
Earnings	0.00%	0.49%	(9.25%)
Book Value	160.07%	40.13%	24.55%

Revenue $m

	Jun	Sep	Dec	Mar	Year
’26	733	—	—	—	—
’26	524	526	629	513	2,191
’25	455	586	665	298	2,004
’24	316	436	419	477	1,647
’23	173	180	214	233	799
’22	124	317	155	93	690
’21	56	70	100	121	347

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Jun	Sep	Dec	Mar	Year
’26	(342)	—	—	—	—
’26	481	535	718	(1,549)	185
’25	854	(438)	(73)	1,338	1,681
’24	(914)	(438)	(22)	309	(1,064)
’23	(265)	240	(440)	(486)	(952)
’22	(62)	83	(633)	205	(406)
’21	691	(394)	402	(170)	529

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Jun	Sep	Dec	Mar	Year
’26	(437)	—	—	—	—
’26	450	452	652	(1,595)	(37)
’25	830	(447)	(93)	1,296	1,586
’24	(925)	(446)	(38)	302	(1,108)
’23	(270)	228	(450)	(497)	(990)
’22	(64)	83	(634)	204	(412)
’21	689	(394)	401	(168)	528

Fiscal quarters ending in the months shown.

EPS $

	Jun	Sep	Dec	Mar	Year
’26	0.52	—	—	—	—
’26	0.50	0.63	1.25	0.02	2.51
’25	0.57	1.89	1.29	(2.36)	1.40
’24	1.15	1.95	1.63	1.58	6.33
’23	0.99	0.44	1.36	0.96	3.45
’22	0.87	3.44	0.85	(1.59)	3.56
’21	0.42	0.40	0.72	0.91	2.45

Fiscal quarters ending in the months shown.

Group	Line	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026	2027e
Price, $
Price, $	Low	0.13	5.40	7.20	11.25	42.03	38.17	57.19	64.00	111.85	107.98	Analyst estimates 2027–2029 Powerpack
	High	6.60	9.50	15.58	53.85	72.43	70.41	102.40	134.00	194.01	178.00
People
People	Employees	310	651	1,141	1,493	2,546	3,421	3,689	6,197	8,764	11,846
	Revenue/emp, $m	0.06	0.09	0.07	0.06	0.14	0.20	0.22	0.27	0.23	0.18
Income, $m
Income, $m	Revenue	19	58	74	83	347	690	799	1,647	2,004	2,191
	Gross margin, %	100.00	100.00	100.00	100.00	100.00	100.00	100.00	98.94	98.44	96.37
	EBT	6	19	9	29	152	364	236	439	105	226
	EBT margin, %	29.77	32.23	11.46	34.88	43.76	52.73	29.52	26.65	5.22	10.31
	Net income	6	18	7	22	150	221	206	379	76	153
	Depreciation	0	1	2	1	3	12	14	64	227	162
Per share, $
Per share, $	Revenue	1.73	1.74	1.28	1.43	5.94	11.62	13.63	27.94	33.74	36.53
	Earnings	0.56	0.58	0.12	0.38	2.45	3.56	3.50	6.37	1.43	2.56
	Cash flow	0.43	(3.52)	1.01	1.42	9.07	(6.84)	(16.23)	(18.05)	28.30	3.09
	Capex	(0.01)	(0.04)	(0.08)	(0.03)	(0.03)	(0.10)	(0.66)	(0.74)	(1.60)	(3.70)
	Free cash flow	0.42	(3.56)	0.93	1.39	9.04	(6.94)	(16.89)	(18.79)	26.70	(0.62)
	Book value	3.91	3.82	2.03	2.22	4.72	9.21	13.15	19.79	20.62	24.82
	Shares, m	11	33	58	58	58	59	59	59	59	60
Valuation, ×
Valuation, ×	P/E	0.55	4.89	80.00	37.37	21.78	16.71	18.88	11.01	92.43	59.28
	P/S	0.18	3.94	6.88	9.90	8.98	5.13	5.27	2.51	3.92	3.97
	P/B	0.08	1.79	4.34	6.40	11.30	6.47	5.47	3.54	6.41	5.84
	EV/Sales	1.44	1.61	4.85	7.43	5.49	3.84	3.80	(0.29)	1.95	2.03
	EV/FCF	5.89	(0.79)	6.70	7.69	3.61	(6.42)	(3.07)	0.44	2.47	(70.81)
Cash, $m
Cash, $m	Operating cash flow	5	(117)	58	83	529	(406)	(952)	(1,064)	1,681	185
	Capex	0	(1)	(5)	(2)	(2)	(6)	(39)	(44)	(95)	(222)
	Free cash flow	5	(118)	54	81	528	(412)	(990)	(1,108)	1,586	(37)
Balance, $m
Balance, $m	Working capital	97	275	181	118	179	497	1,069	1,459	1,357	1,546
	Total debt	60	166	106	87	36	42	90	303	510	1,310
	Net debt	24	(135)	(150)	(206)	(1,210)	(893)	(1,176)	(4,610)	(3,949)	(4,245)
	Shareholders’ equity	44	127	118	129	276	547	771	1,167	1,225	1,489
Returns, %
Returns, %	ROA	9.67	7.71	2.04	6.18	11.72	8.54	4.93	5.66	0.84	1.33
	ROIC	5.28	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	ROE	28.58	21.29	5.84	20.14	73.95	55.33	31.14	39.13	6.38	11.30

Negative figures in brackets.

All 10 years →

Fiscal years to Mar 2026 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
IX Orix Corp Ads	$40.2B	10.6×	—	+19.77% (above 0%: growing)	+201.50% (above 0%: growing)	−154.50% (below 0%: shrinking)	44.45%	20.40%	Compare
FRHC Freedom Holding Corp.	$10.6B	68.9×	12.3×	+39.80% (above 0%: growing)	+1.96% (above 0%: growing)	−197.00% (below 0%: shrinking)	95.19%	29.81%
VOYA Voya Financial, Inc.	$8.8B	15.7×	10.0×	−4.29% (below 0%: shrinking)	−41.42% (below 0%: shrinking)	−32.21% (below 0%: shrinking)	56.49%	5.38%	Compare
HTH Hilltop Holdings Inc.	$2.1B	13.5×	15.7×	−0.21% (below 0%: shrinking)	+10.53% (above 0%: growing)	+27.21% (above 0%: growing)	81.18%	0.00%	Compare
TREE LendingTree, Inc.	$355.9M	1.9×	8.9×	+25.31% (above 0%: growing)	+6.15% (above 0%: growing)	+3.14% (above 0%: growing)	96.40%	6.95%	Compare
RILY BRC Group Holdings, Inc.	$207.4M	0.4×	— (loss-making)	+6.13% (above 0%: growing)	−89.11% (below 0%: shrinking)	+30.61% (above 0%: growing)	74.60%	16.35%	Compare
Median of peers	$2.1B	10.6×	10.0×	+6.13%	+6.15%	+3.14%	74.60%	6.95%

All 6 Financial Conglomerates stocks →

Freedom Holding Corp. (FRHC) key facts

Strength: Freedom Holding Corp.’s revenue for fiscal 2026 (year ended March 2026) was $2.2 billion, up 9.34% from fiscal 2025.
Freedom Holding Corp. (FRHC) is a Financial Conglomerates company in the Financial sector, listed on Nasdaq.
As of October 9, 2026, FRHC traded at $169.65, a market capitalization of $10.6 billion.
Return on equity was 11.3% and debt-to-equity 1.00.
Its Piotroski F-score is 5 out of 9 for fiscal 2026.

Source: company filings (standardised) and stockrow calculations.