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Mizuho Financial Group, Inc.

MFG Financial Banks Regional

Mizuho Financial Group, Inc.’s revenue for fiscal 2026 (year ended March 2026) was $56.2 billion, up 7.65% from fiscal 2025.

Revenue
+12.6%
EPS
+54.7%
Free cash flow
+15.8%
Total debt
+15.0%

Quarter to June 2026, against a year earlier

9.42 0.38 −3.88%
Market cap
$113.1B
P/E
2.1×
Fwd P/E
12.7×
Dividend yield
0.96%
F-score
5/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 0.00%

Capital & Financial Ratios $m

Size
Market Cap 113,110.00
Revenue ttm 35,841.22
Net income ttm 6,111.27
Free cash flow ttm (61,803.40)
Net debt Q (617,422.30)
Valuation
P/E 2.14
Forward P/E 12.70
Price / sales 0.32
Forward P/S Powerpack
Price / FCF 0.00
Price / book 0.16
Financial health
Current ratio Q 0.93
Debt / equity Q 1.53
Interest coverage Q —
Growth
Revenue growth Q +12.59% (above 0%: growing)
Operating income growth Q +139.95% (above 0%: growing)
EPS, this year +22.26% (at or above 15%: strong)
EPS, next year A +16.54% (at or above 15%: strong)
Revenue, next year A +5,192.06% (at or above 10%: strong)
EPS, past 5 yrs +7.37%
EPS, next 5 yrs A +16.82% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

P/E against its own 10 years 37.15%
10-year low 10-year high
P/S against its own 10 years 23.43%
10-year low 10-year high
P/B against its own 10 years 21.86%
10-year low 10-year high

Dividends raised 3 years running

Yield
0.96%
Annual rate
0.09
Payout ratio
2.05%
Growth, 2017–25
−3.84%/yr
  1. 0.27 ’17
  2. 0.13 ’18 −50
  3. 0.14 ’19 +2
  4. 0.14 ’20 +2
  5. 0.14 ’21 −1
  6. 0.12 ’22 −11
  7. 0.13 ’23 +4
  8. 0.16 ’24 +22
  9. 0.20 ’25 +25
  10. 105.72 ’26e +53704
paid forecast change on the year, % Powerpack

Assets vs Liabilities $m

2024 2025 2026 Q'26
Cash 916,318 937,182 943,283 729,097
Receivables — — — —
Inventory — — — —
Other — — — —
1,598,202 1,593,142 1,644,126 1,449,772
2024 2025 2026 Q'26
Payables 1,189,296 1,147,019 1,181,654 1,107,185
ST’ Debt — — — —
Other 142,286 139,971 190,094 132,022
1,638,611 1,600,637 1,668,144 1,551,536

Compound Annual Growth %

10y 5y 3y
Sales 8.24% 11.33% 21.13%
Cash Flow 0.00% 0.00% 0.00%
Earnings 3.25% 6.92% 0.00%
Book Value (0.24%) (3.62%) 1.73%

Earnings Trends EPS, adjusted, against the consensus

Jun 2026 Estimate 0.17 Actual 0.22

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Sep 2025 0.17 0.20 Beat by 0.03
Dec 2025 0.14 0.16 Beat by 0.02
Mar 2026 0.07 0.21 Beat by 0.14
Jun 2026 0.17 0.22 Beat by 0.05
Sep 2026 0.21 — Reports 13 November 2026

EPS $

Jun Sep Dec Mar Year
’26 2.19 — — — —
’26 1.61 — — — 6.15
’25 0.15 — — — 2.92
’24 1.42 0.45 — — 4.96
’23 0.98 0.48 0.63 0.04 (0.08)
’22 1.82 0.48 0.32 0.17 (0.71)
’21 0.09 0.35 0.53 0.42 4.31
Fiscal quarters ending in the months shown.

Revenue $m

Jun Sep Dec Mar Year
’26 14,863 — — — —
’26 14,030 — — — 56,242
’25 1,629 — — — 52,244
’24 13,201 5,319 — — 57,073
’23 6,512 4,934 5,202 5,689 31,649
’22 6,347 5,923 5,819 5,836 18,812
’21 7,391 5,954 6,355 6,090 32,880
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 — — — — —
’26 — — — — (11,757)
’25 — — — — 390
’24 — — — — (23,877)
’23 — — — — 7,451
’22 — — — — 48,933
’21 — — — — 4,406
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 — — — — —
’26 — — (15,413) — (15,022)
’25 — — (7,819) — (2,869)
’24 — — (8,005) — (26,883)
’23 — — (28,178) — 5,275
’22 — — (18,307) — 47,028
’21 — — (34,986) — 2,547
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.7
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to March

Ten-year view Analyst estimates Powerpack
Group Line 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 TTM Jun ’26 Trend 10 yrs 2027e 2028e 2029e Next 3/yr
Income, $m
Income, $m Revenue 30,616 30,299 30,868 31,822 32,880 18,812 31,649 57,073 52,244 56,242 35,841 +7.0% 2,976,372 3,352,413 3,642,230 +301.6%
Gross margin, % 82.45 73.57 61.70 63.24 86.62 82.30 49.03 44.85 38.01 49.66 55.91 (32.8) pt
EBT 7,293 7,554 766 1,412 9,670 (2,158) 512 11,199 5,011 11,125 8,520 +4.8%
EBT margin, % 23.82 24.93 2.48 4.44 29.41 (11.47) 1.62 19.62 9.59 19.78 23.77 (4.0) pt
Net income 7,293 5,198 760 1,382 5,469 (932) 252 6,296 3,694 8,752 6,111 +2.0%
Per share, $
Per share, $ Revenue 2.42 2.39 2.43 25.08 25.92 14.83 24.95 45.00 41.30 45.28 29.41 +38.5%
Earnings 0.44 0.41 0.07 1.09 4.31 (0.71) (0.08) 4.96 2.92 6.15 4.40 +34.1%
Cash flow 3.45 (0.11) 0.47 (29.30) 3.47 38.57 5.87 (18.83) 0.31 (9.47) 0.00 n/m
Capex (0.28) (0.19) (0.11) (1.64) (1.47) (1.50) (1.72) (2.37) (2.58) (2.63) 0.00 +28.2%
Free cash flow 3.17 (0.30) 0.36 (30.94) 2.01 37.07 4.16 (21.19) (2.27) (12.09) 0.00 n/m
Book value 6.82 6.74 6.74 66.54 71.78 66.25 56.74 56.75 55.05 60.99 59.91 +27.6%
Shares, m 12,643 12,683 12,681 1,269 1,269 1,269 1,268 1,268 1,265 1,242 4,105 (22.7%)
Valuation, ×
Valuation, × P/E 9.71 10.59 7.83 2.80 2.10 0.93 1.33 1.52 2.68 2.19 2.14 4.2
P/S 1.70 1.68 1.40 1.02 1.43 1.36 1.60 1.66 0.27 0.29 0.32 1.2
P/B 0.56 0.54 0.45 0.37 0.44 0.44 0.52 0.72 0.10 0.14 0.16 0.4
EV/Sales (21.45) (18.20) (19.80) (19.89) (22.87) (25.35) (24.63) (21.90) (26.18) (19.65) — (22.0)
EV/FCF (5.58) (4.74) (5.37) (10.93) (33.67) (69.79) 7.04 7.20 10.50 10.87 — (9.4)
Cash, $m
Cash, $m Operating cash flow 43,618 (1,419) 5,949 (37,178) 4,406 48,933 7,451 (23,877) 390 (11,757) (59,350) n/m
Capex (3,555) (2,429) (1,349) (2,081) (1,860) (1,905) (2,176) (3,005) (3,259) (3,265) (2,454) (0.9%)
Free cash flow 40,063 (3,848) 4,600 (39,259) 2,547 47,028 5,275 (26,883) (2,869) (15,022) (61,803) n/m
Balance, $m
Balance, $m Working capital (82,582) (53,113) (44,065) (52,626) (139,797) (183,989) (79,396) (40,409) (7,495) (24,018) (101,764) (12.8%)
Net debt (604,406) (614,877) (620,302) (729,429) (716,872) (695,104) (711,013) (804,004) (838,749) (805,749) (617,422) +3.2%
Shareholders’ equity 86,242 85,533 85,513 84,416 91,069 84,036 71,966 71,975 69,630 75,755 72,999 (1.4%)
Returns, %
Returns, % ROA 0.32 0.28 0.04 0.07 0.27 (0.04) (0.01) 0.34 0.21 0.41 0.32 +0.1 pt
ROIC 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.0 pt
ROE 6.85 6.05 0.89 1.63 6.23 (1.06) (0.13) 8.75 5.53 10.51 8.42 +3.7 pt
People
People Employees 59,179 60,051 76,839 74,274 69,801 66,439 51,212 52,307 52,554 52,427 — (1.3%)
Revenue/emp, $m 0.52 0.50 0.40 0.43 0.47 0.28 0.62 1.09 0.99 1.07 — +8.4%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Mar 2026 · latest quarter Jun 2026 · fundamentals updated 26 Oct 2026

Mizuho Financial Group, Inc. vs peers in Banks Regional (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
HDB HDFC Bank Limited $127.0B 16.7× — −9.36% (below 0%: shrinking) +8.11% (above 0%: growing) −1.95% (below 0%: shrinking) 64.22% 0.00% Compare
IBN ICICI Bank Limited $116.8B 18.9× — +5.71% (above 0%: growing) +25.00% (above 0%: growing) −61.24% (below 0%: shrinking) 70.90% 0.00% Compare
MFG Mizuho Financial Group, Inc. $113.1B 2.1× 12.7× +12.59% (above 0%: growing) +54.65% (above 0%: growing) +15.81% (above 0%: growing) 52.09% 0.00%
USB U.S. Bancorp $93.1B 11.7× 11.2× +2.26% (above 0%: growing) +9.84% (above 0%: growing) +151.96% (above 0%: growing) 70.62% 0.00% Compare
PNC The PNC Financial Services Group, Inc $90.0B 12.1× 12.0× +6.44% (above 0%: growing) +14.22% (above 0%: growing) +15.40% (above 0%: growing) 70.11% 0.00% Compare
LYG Lloyds Banking Group PLC $74.1B 12.0× — −67.58% (below 0%: shrinking) +66.24% (above 0%: growing) +62.30% (above 0%: growing) 100.00% 0.00% Compare
DB Deutsche Bank Aktiengesellschaft $66.2B 10.1× 9.2× +5.77% (above 0%: growing) +25.97% (above 0%: growing) +127.23% (above 0%: growing) 57.34% 0.00% Compare
NWG NatWest Group plc $63.1B 8.3× 7.9× +12.91% (above 0%: growing) +40.54% (above 0%: growing) −47.36% (below 0%: shrinking) 58.30% 0.00% Compare
TFC Truist Financial Corporation $59.7B 12.7× 11.7× −22.06% (below 0%: shrinking) −45.71% (below 0%: shrinking) +17.77% (above 0%: growing) 61.29% 0.00% Compare
Median of peers $82.0B 12.0× 11.2× +3.99% +19.61% +16.59% 67.17% 0.00%

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MFG metrics, ten years each

stockrow.com/MFG · Data as of Oct 26, 2026 · For information only; not investment advice. · © 2026 stockrow.com