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Nomura Holdings Inc ADR

NMR Financial Capital Markets

Nomura Holdings Inc ADR’s revenue for fiscal 2026 (year ended March 2026) was $31.4 billion, roughly unchanged from fiscal 2025.

Revenue
+0.18%
EPS
+4.32%
Free cash flow
+106.2%
Total debt
+2.61%

Quarter to September 2026, against a year earlier

9.52 0.27 −2.76%
Market cap
$27.8B
P/E
9.6×
Fwd P/E
9.1×
Dividend yield
1.58%
F-score
3/9
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

Bought, $m 0.00
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — 3 — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 0.09%

Capital & Financial Ratios $m

Size
Market Cap 27,790.00
Revenue ttm 32,852.28
Net income ttm 0.00
Free cash flow ttm 5,341.82
Net debt Q 39,409.80
Valuation
P/E 9.62
Forward P/E 9.12
Price / sales 0.85
Forward P/S Powerpack
Price / FCF 5.21
Price / book 1.13
Financial health
Current ratio Q 1.07
Debt / equity Q 7.79
Interest coverage Q 1.31
Growth
Revenue growth Q +0.18% (above 0%: growing)
Operating income growth Q +16.76% (above 0%: growing)
EPS, this year +31.22% (at or above 15%: strong)
EPS, next year A −0.46% (below 0%: weak)
Revenue, next year A +5,447.29% (at or above 10%: strong)
EPS, past 5 yrs +11.42%
EPS, next 5 yrs A +11.16%

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 32.49%
10-year low 10-year high
P/S against its own 10 years 52.70%
10-year low 10-year high
P/B against its own 10 years 97.84%
10-year low 10-year high

Dividends raised 2 years running

Yield
1.58%
Annual rate
0.15
Payout ratio
15.2%
Growth, 2017–25
+5.05%/yr
  1. 0.28 ’17
  2. 0.13 ’18 −54
  3. 0.16 ’19 +30
  4. 0.24 ’20 +44
  5. 0.21 ’21 −13
  6. 0.14 ’22 −30
  7. 0.14 ’23 −3
  8. 0.25 ’24 +77
  9. 0.41 ’25 +66
  10. 37.39 ’26e +8984
paid forecast change on the year, % Powerpack

Assets vs Liabilities $m

2024 2025 2026 Q'26
Cash 180,433 159,577 153,113 153,240
Receivables 9,540 9,509 11,985 14,167
Inventory — — — —
Other — — — —
227,586 208,739 216,095 222,551
2024 2025 2026 Q'26
Payables 28,524 27,346 33,203 34,008
ST’ Debt — — — —
Other 159,855 153,173 155,410 161,139
195,656 187,893 200,181 207,755

Compound Annual Growth %

10y 5y 3y
Sales 8.18% 15.62% 19.50%
Cash Flow 0.00% 0.00% 0.00%
Earnings 8.15% 10.68% 51.55%
Book Value 1.12% (0.36%) 2.17%

Earnings Trends EPS, adjusted, against the consensus

Sep 2026 Estimate 0.20 Actual 0.22

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Dec 2025 0.24 0.18 Miss by 0.06
Mar 2026 0.21 0.16 Miss by 0.05
Jun 2026 0.23 0.30 Beat by 0.07
Sep 2026 0.20 0.22 Beat by 0.02

EPS $

Jun Sep Dec Mar Year
’26 0.30 0.23 — — —
’26 0.24 0.22 — — 0.79
’25 0.14 0.22 — — 0.73
’24 0.06 0.08 0.11 0.12 0.36
’23 0.00 0.04 0.15 0.02 0.22
’22 0.14 0.01 0.17 0.09 0.42
’21 0.42 0.20 0.30 (0.47) 0.46
Fiscal quarters ending in the months shown.

Revenue $m

Jun Sep Dec Mar Year
’26 8,642 8,334 — — —
’26 7,980 7,896 — — 31,406
’25 7,794 8,318 — — 31,263
’24 6,521 6,988 7,347 7,829 28,685
’23 3,157 3,844 5,483 5,918 18,402
’22 3,687 3,451 3,553 3,496 14,187
’21 4,781 3,942 4,376 2,103 15,202
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Jun Sep Dec Mar Year
’26 — — — — —
’26 — 6,411 — — (5,564)
’25 — (2,473) — — (4,479)
’24 (4,211) 3,191 4,968 (3,033) 915
’23 (3,202) (1,549) (1,987) (475) (7,213)
’22 (4,906) 2,880 (6,195) (3,961) (12,182)
’21 3,542 4,194 (1,330) (148) 6,258
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Jun Sep Dec Mar Year
’26 — — — — —
’26 — 6,430 — — (6,350)
’25 — (2,863) — — (4,868)
’24 (4,211) 3,119 4,726 (2,952) 682
’23 (3,306) (1,665) (2,335) (702) (8,009)
’22 (5,030) 2,757 (6,135) (3,919) (12,327)
’21 3,426 3,986 (1,435) (378) 5,598
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2.1
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 Sep ’26 Trend 10 yrs 2027e 2028e 2029e Next 3/yr
Income, $m
Income, $m Revenue 15,954 17,749 16,516 17,963 15,202 14,187 18,402 28,685 31,263 31,406 32,852 +7.8% 1,742,183 1,741,738 1,789,056 +284.8%
Gross margin, % 94.49 94.94 95.50 94.56 93.10 93.40 95.21 96.70 96.25 82.57 95.31 (11.9) pt
EBT 3,002 2,953 (339) 2,284 2,168 2,017 1,106 1,890 3,115 3,563 4,300 +1.9%
EBT margin, % 18.82 16.64 (2.05) 12.72 14.26 14.22 6.01 6.59 9.96 11.34 13.09 (7.5) pt
Net income 2,256 2,019 (852) 2,018 1,508 1,304 678 1,223 2,292 2,471 0 +1.0%
Per share, $
Per share, $ Revenue 4.48 5.11 4.92 5.61 4.98 4.63 6.12 9.51 10.58 10.67 11.24 +10.1%
Earnings 0.62 0.58 (0.27) 0.62 0.47 0.42 0.22 0.38 0.76 0.82 0.99 +3.2%
Cash flow 3.41 (1.15) (0.97) (0.05) 2.05 (3.98) (2.40) 0.30 (1.52) (1.89) 0.00 n/m
Capex (0.19) (0.16) (0.15) 0.01 (0.22) (0.05) (0.26) (0.08) (0.13) (0.27) 0.00 +3.7%
Free cash flow 3.22 (1.31) (1.12) (0.04) 1.83 (4.02) (2.66) 0.23 (1.65) (2.16) 0.00 n/m
Book value 7.43 7.25 7.18 7.85 8.48 8.64 7.94 7.89 8.00 8.65 8.46 +1.7%
Shares, m 3,561 3,475 3,360 3,202 3,056 3,064 3,007 3,017 2,955 2,942 2,937 (2.1%)
Valuation, ×
Valuation, × P/E 10.11 10.20 0.00 6.89 11.40 10.05 17.27 16.13 10.08 9.62 9.62 10.2
P/S 1.40 1.12 0.75 0.76 1.08 0.91 0.62 0.64 0.58 0.72 0.85 0.9
P/B 0.84 0.79 0.51 0.54 0.63 0.49 0.48 0.78 0.75 0.93 1.13 0.7
EV/Sales (2.28) (0.71) (1.67) (1.01) (0.63) (0.36) (0.06) (0.03) 0.85 1.57 — (0.4)
EV/FCF (3.18) 2.76 7.33 146.31 (1.70) 0.42 0.13 0.23 (12.14) 9.39 — 15.0
Cash, $m
Cash, $m Operating cash flow 12,137 (4,011) (3,250) (147) 6,258 (12,182) (7,213) 915 (4,479) (5,564) 5,873 n/m
Capex (685) (548) (506) 23 (660) (145) (796) (233) (389) (786) (532) +1.5%
Free cash flow 11,451 (4,560) (3,756) (124) 5,598 (12,327) (8,009) 682 (4,868) (6,350) 5,342 n/m
Balance, $m
Balance, $m Working capital 1,658 10,069 20,680 (438) 19,128 39,264 31,491 31,930 20,846 15,914 14,797 +28.6%
Net debt (58,727) (32,409) (39,899) (31,833) (25,905) (18,063) (12,444) (19,369) 3,790 34,727 39,410 n/m
Shareholders’ equity 26,447 25,198 24,127 25,128 25,911 26,458 23,859 23,795 23,635 25,442 24,732 (0.4%)
Returns, %
Returns, % ROA 0.60 0.52 (0.25) 0.52 0.36 0.32 0.19 0.31 0.60 0.61 0.71 0.0 pt
ROIC 0.00 0.00 0.00 0.00 59,558.81 31.48 13.54 45.34 10.31 5.46 5.90 +5.5 pt
ROE 9.06 7.64 (3.67) 8.11 5.64 4.86 2.73 4.80 9.48 9.74 11.79 +0.7 pt
People
People Employees 28,186 28,048 27,864 15,748 15,330 15,213 15,131 26,850 27,242 28,677 — +0.2%
Revenue/emp, $m 0.57 0.63 0.59 1.14 0.99 0.93 1.22 1.07 1.15 1.10 — +7.6%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Mar 2026 · latest quarter Sep 2026 · fundamentals updated 2 Nov 2026

Nomura Holdings Inc ADR vs peers in Capital Markets (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
IBKR Interactive Brokers Group, Inc. $33.0B 27.7× 28.2× +15.65% (above 0%: growing) +16.95% (above 0%: growing) −13.01% (below 0%: shrinking) 93.00% 78.11% Compare
TW Tradeweb Markets Inc. $29.6B 29.0× 34.5× +14.93% (above 0%: growing) +22.86% (above 0%: growing) +2.33% (above 0%: growing) 100.00% 43.36% Compare
NMR Nomura Holdings Inc ADR $27.8B 9.6× 9.1× +0.18% (above 0%: growing) +4.32% (above 0%: growing) +106.20% (above 0%: growing) 94.68% 70.95%
LPLA LPL Financial Holdings Inc. $23.4B 17.2× 15.2× +17.40% (above 0%: growing) n/m +103.60% (above 0%: growing) 31.10% 11.06% Compare
CRCL Circle Internet Group, Inc. $17.7B 37.4× 65.3× +16.91% (above 0%: growing) −4.30% (below 0%: shrinking) −88.69% (below 0%: shrinking) 0.00% 24.09% Compare
BMNR BitMine Immersion Technologies, Inc. $11.5B — (loss-making) — (loss-making) +2,167.79% (above 0%: growing) n/m −126,594.81% (below 0%: shrinking) 87.70% (25.50%) Compare
EVR Evercore Inc $11.2B 14.5× 15.2× +12.51% (above 0%: growing) +24.01% (above 0%: growing) +25.04% (above 0%: growing) 99.76% 21.48% Compare
JEF Jefferies Financial Group Inc. $11.2B 12.7× 12.4× +8.52% (above 0%: growing) +17.31% (above 0%: growing) +1,563.06% (above 0%: growing) 98.97% 24.82% Compare
SF Stifel Financial Corporation $10.8B 11.8× 11.4× −0.22% (below 0%: shrinking) +13.26% (above 0%: growing) −90.85% (below 0%: shrinking) 99.05% 22.63% Compare
Median of peers $14.6B 17.2× 15.2× +15.29% +17.13% −5.34% 95.99% 23.36%

All 97 Capital Markets stocks →

Nomura Holdings Inc ADR (NMR) Latest News

29 Oct

Impact 4 · · Zacks

28 Oct

Impact 4 · · The Motley Fool transcript
Impact 3 · · Associated Press
Impact 3 · · Investing.com

23 Oct

Impact 3 · · Zacks

15 Oct

Impact 3 · · Zacks
Impact 3 · · Zacks

2 Oct

Impact 3 · · Zacks

25 Sep

Impact 3 · · Simply Wall St.

18 Sep

Impact 3 ·

3 Aug

Impact 3 · · The Motley Fool transcript

29 Jul

Impact 4 · transcript
Impact 3 · · The Motley Fool transcript
Impact 3 · · MarketBeat transcript

19 Jun

Impact 3 ·

17 Jun

Impact 3 ·

1 Jun

Impact 3 · · privatebankerinternational.com

28 May

Impact 4 · · Bloomberg

6 May

Impact 3 · · Insider Monkey

2 May

Impact 4 · · Insider Monkey

1 May

Impact 4 · · Bloomberg

25 Apr

Impact 4 · · GuruFocus.com

24 Apr

Impact 4 · · MarketBeat

16 Apr

Impact 3 · · dlnews.com

7 Apr

Impact 4 · · Simply Wall St.

17 Mar

Impact 4 · · Insider Monkey

10 Feb

Impact 3 · · Zacks

4 Feb

Impact 3 · · coindesk.com

3 Feb

Impact 3 · · Zacks
Impact 3 · · ZacksSimply Wall St.ZacksZacksMT NewswiresMT Newswires

NMR metrics, ten years each

stockrow.com/NMR · Data as of Nov 2, 2026 · For information only; not investment advice. · © 2026 stockrow.com