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. In the quarter to June 2026, revenue grew 10.9%, EPS grew 106.7%, free cash flow grew 688.8% and total debt rose 11.2%, each against the same quarter a year earlier. Revenue growth for three consecutive years; insiders bought in the last twelve months.

9.24 0.04 −0.43%
Market cap
$27.1B
P/E
9.4×
Fwd P/E
10.7×
Dividend yield
1.62%
F-score
3/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

Insider Decisions trades per month

Total buys 0.00
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — 3 — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 0.00%

Capital & Financial Ratios $m

Market Cap 27,120.00
Revenue 32,836.96
Net Income 0.00
Free Cash Flow 5,341.82
Net Debt (136,496.80)
Current Ratio 2.00
Debt/Equity 8.06
P/E ratio 9.43
Fwd P/E 10.70
P/S ratio 0.82
P/B ratio 1.07
Past 5Y EPS Growth 11.42%
This Y EPS Growth 31.91% (at or above 15%: strong)
Next Y EPS Growth (1.12%) (below 0%: weak)
Next Y revenue growth 5,356.14% (at or above 10%: strong)
Next 5Y EPS Growth 10.56%

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

Valuation vs history

P/E against its own 10 years 28.47%
10-year low 10-year high
P/S against its own 10 years 48.06%
10-year low 10-year high
P/B against its own 10 years 96.42%
10-year low 10-year high

Dividends

Payout Ratio 0.15
Annual Dividend Rate 0.15
Annual Dividend Yield 1.62%
total individual payouts
2029 Powerpack
2028 Powerpack
2027 Powerpack
2026 37.39
0.15
2025 29.69
0.24
0.17
2024 0.25
0.10
0.15
2023 0.14
0.09
0.05
2022 0.14
0.11
0.04
2021 0.21
0.14
0.07
2020 0.24
0.05
0.19
2019 0.16
0.03
0.14
2018 0.13
0.10
0.03
2017 0.28
0.10
0.10
0.08
2016 0.21
0.03
0.03
0.08
0.08
predictions special payouts not included in total or ratios

Assets vs Liabilities $m

2024 2025 2026 Q'26
Cash 180,433 159,577 153,113 339,250
Receivables 9,540 9,509 11,985 13,058
Inventory — — — —
Other — — — —
227,586 208,739 216,095 403,591
2024 2025 2026 Q'26
Payables 28,524 27,346 33,203 34,219
ST’ Debt — — — —
Other 159,855 153,173 155,410 155,498
195,656 187,893 200,181 201,898

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%

Revenue $m

Jun Sep Dec Mar Year
’26 8,642 — — — —
’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) (1,020) 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) (1,092) 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.

EPS $

Jun Sep Dec Mar Year
’26 0.30 — — — —
’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.

Target Price Range

Analyst price targets

Recommendation Rating

2.1
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 5.28 3.57 3.05 3.55 4.10 3.00 3.38 4.43 4.86 7.37

Analyst estimates 2027–2029

Powerpack
High 6.80 6.83 5.28 5.46 6.72 4.87 4.54 6.62 8.50 10.94
People
People Employees 28,186 28,048 27,864 15,748 15,330 15,213 15,131 26,850 27,242 28,677
Revenue/emp, $m 0.57 0.63 0.59 1.14 0.99 0.93 1.22 1.07 1.15 1.10
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
Gross margin, % 94.49 94.94 95.50 94.56 93.10 93.40 95.21 96.70 96.25 82.57
EBT 3,002 2,953 (339) 2,284 2,168 2,017 1,106 1,890 3,115 3,563
EBT margin, % 18.82 16.64 (2.05) 12.72 14.26 14.22 6.01 6.59 9.96 11.34
Net income 2,256 2,019 (852) 2,018 1,508 1,304 678 1,223 2,292 2,471
Depreciation 660 644 521 585 600 530 455 423 407 451
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
Earnings 0.62 0.58 (0.27) 0.62 0.47 0.42 0.22 0.38 0.76 0.82
Cash flow 3.41 (1.15) (0.97) (0.05) 2.05 (3.98) (2.40) 0.30 (1.52) (1.89)
Capex (0.19) (0.16) (0.15) 0.01 (0.22) (0.05) (0.26) (0.08) (0.13) (0.27)
Free cash flow 3.22 (1.31) (1.12) (0.04) 1.83 (4.02) (2.66) 0.23 (1.65) (2.16)
Book value 7.43 7.25 7.18 7.85 8.48 8.64 7.94 7.89 8.00 8.65
Shares, m 3,561 3,475 3,360 3,202 3,056 3,064 3,007 3,017 2,955 2,942
Valuation, ×
Valuation, × P/E 10.11 10.20 0.00 6.89 11.40 10.05 17.27 16.13 10.08 9.62
P/S 1.40 1.12 0.75 0.76 1.08 0.91 0.62 0.64 0.58 0.72
P/B 0.84 0.79 0.51 0.54 0.63 0.49 0.48 0.78 0.75 0.93
EV/Sales (2.28) (0.71) (1.67) (1.01) (0.63) (0.36) (0.06) (0.03) 0.85 1.57
EV/FCF (3.18) 2.76 7.33 146.31 (1.70) 0.42 0.13 0.23 (12.14) 9.39
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)
Capex (685) (548) (506) 23 (660) (145) (796) (233) (389) (786)
Free cash flow 11,451 (4,560) (3,756) (124) 5,598 (12,327) (8,009) 682 (4,868) (6,350)
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
Total debt 143,101 140,362 145,220 150,162 164,014 168,303 155,083 161,065 163,367 187,840
Net debt (58,727) (32,409) (39,899) (31,833) (25,905) (18,063) (12,444) (19,369) 3,790 34,727
Shareholders’ equity 26,447 25,198 24,127 25,128 25,911 26,458 23,859 23,795 23,635 25,442
Returns, %
Returns, % ROA 0.60 0.52 (0.25) 0.52 0.36 0.32 0.19 0.31 0.60 0.61
ROIC 0.00 0.00 0.00 0.00 59,558.81 31.48 13.54 45.34 10.31 5.46
ROE 9.06 7.64 (3.67) 8.11 5.64 4.86 2.73 4.80 9.48 9.74
Negative figures in brackets.

All 10 years →

Fiscal years to Mar 2026 · latest quarter Jun 2026

Charts ten years each

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. $39.0B 32.7× 34.0× +28.11% (above 0%: growing) +37.25% (above 0%: growing) −13.01% (below 0%: shrinking) 92.51% 77.32% Compare
NMR Nomura Holdings Inc ADR $27.1B 9.4× 10.7× +10.87% (above 0%: growing) +106.67% (above 0%: growing) +688.81% (above 0%: growing) 94.58% 70.80%
TW Tradeweb Markets Inc. $26.2B 27.0× 29.3× +8.96% (above 0%: growing) +18.06% (above 0%: growing) −5.23% (below 0%: shrinking) 100.00% 43.88% Compare
LPLA LPL Financial Holdings Inc. $25.8B 25.5× 15.2× +35.24% (above 0%: growing) +38.89% (above 0%: growing) +259.62% (above 0%: growing) 31.38% 11.90% Compare
CRCL Circle Internet Group, Inc. $22.2B 43.0× 97.9× +6.57% (above 0%: growing) n/m +113.54% (above 0%: growing) 41.19% 4.90% Compare
XP XP Inc. $15.5B 15.1× 7.5× +22.04% (above 0%: growing) +23.26% (above 0%: growing) −127.08% (below 0%: shrinking) 100.00% 34.50% Compare
BMNR BitMine Immersion Technologies, Inc. $14.1B — (loss-making) — (loss-making) +2,167.79% (above 0%: growing) n/m −126,594.81% (below 0%: shrinking) 87.70% (25.50%) Compare
IREN IREN Limited $12.3B — (loss-making) 1,228× −26.73% (below 0%: shrinking) n/m +705.74% (above 0%: growing) 75.71% (585.97%) Compare
FUTU Futu Holdings Limited Sponsored ADR $10.5B 10.3× 10.9× +35.71% (above 0%: growing) +42.98% (above 0%: growing) +443.45% (above 0%: growing) 86.31% 61.99% Compare
Median of peers $18.9B 26.3× 29.3× +25.08% +37.25% +54.16% 87.01% 23.20%

All 93 Capital Markets stocks →

Nomura Holdings Inc ADR (NMR) key facts

  • Nomura Holdings Inc ADR (NMR) is a Capital Markets company in the Financial sector, traded in the US as an ADR.
  • Nomura Holdings Inc ADR’s revenue for fiscal 2026 (year ended March 2026) was $31.4 billion, roughly unchanged from fiscal 2025.
  • As of October 16, 2026, NMR traded at $9.24, a market capitalization of $27.1 billion.
  • Nomura Holdings Inc ADR pays an annual dividend of $0.15 per share, a yield of 1.62%, with a payout ratio of 15.3%.
  • Return on equity was 9.74% and debt-to-equity 8.06.
  • Its Piotroski F-score is 3 out of 9 for fiscal 2026.

Source: company filings (standardised) and stockrow calculations.

Nomura Holdings Inc ADR (NMR) Latest News

24 Apr

1 Dec

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