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Sunday 11 October 2026 Export all FRHC data to Excel Powerpack

Freedom Holding Corp.

FRHC Financial Financial Conglomerates

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%
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 (above 35: high)
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% (at or above 10%: strong)
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.

Target Price Range

Analyst price targets

Recommendation Rating

1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to March

Group Line 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Trend 2027e 2028e 2029e
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

Freedom Holding Corp. vs peers in Financial Conglomerates (Q) = latest quarter vs a year earlier

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.

Freedom Holding Corp. (FRHC) Latest News

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stockrow.com/FRHC · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com