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NASDAQ · SECURITY BROKERS, DEALERS & FLOTATION COMPANIES · LARGE CAP

Freedom Holding Corp. FRHC

16 fiscal years on record · USD · FY2025 reported · SEC filings only
$2.2B
▲ 9.3% YoY
$153.3M
▲ 101.0% YoY
$-13.5M
▼ 100.8% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

As of March 31, 2026, the company had 11,627 full-time employees, 230 offices and 858,000 retail brokerage customer accounts. The main market of the company's operations is Kazakhstan. The company has realigned its reportable segments into four segments: Brokerage, Banking, Insurance, and Other. The Company draws its origins from two companies: BMB Munai, a Kazakhstani energy company founded in 1981, and Freedom Finance, a brokerage company founded by Timur Turlov in Kazakhstan in 2011. In November 2015, BMB Munai entered into a reverse acquisition agreement with Timur Turlov, whereby the company changed its name to Freedom Holding Corp.

Written from the business description in Freedom Holding Corp.'s annual report to the U.S. Securities and Exchange Commission, filed 1 June 2026. Every sentence was checked against that document before publication.

Growth

USD 2.2B
Revenue, FY2025 · full 16-year series below
Revenue $B Net income $B
FY2025 · Revenue 2.2 · Net income 0.2
1B2B
201020132016201920222025
Compound annual growth
+40.0%
+44.6%
−9.2%
+0.5%
+25.8%
−10.1%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +44.6% a year over the five years to FY2025 — but profit grew slower: net income at +0.5%.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

7 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 10.3% · Net 7.0%
10%20%30%-5%-10%
201020172025
ROE
FY2025 · ROE 11.3%
20%40%60%-50%-100%
201020172025
Three returns, three denominators.
Return on capital employedNot available: we don't have total assets or current liabilities for this period.

Each USD of equity produced 11 cents of profit this year.

Cash & shareholders

·
returned in FY2025 · dividends + net buybacks
Free cash flow $B
FY2025 · FCF -0.0
1.0B2.0B-0.5B-1.0B
201020172025
Net buybacks $M Dividends $M
FY2011 · Dividends 58.0 · Net buybacks ·
25.0M50.0M
2011

Total assetsUSD 13.2B
EquityUSD 1.5B
CashUSD 966.1M
DepositsUSD 7.1B

Equity funds 11% of total assets.

The 16-year record

16 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative—not applicable◌not available in our data
FRHC, 16-year financial record
Metric 2025202420232022202120202019201820172016201520142013201220112010
Revenue $B2.22.01.60.80.70.30.10.10.10.00.00.00.00.00.00.0
Operating income $B0.20.10.40.20.40.20.0−0.0◌−0.0−0.0−0.0−0.0−0.0−0.0−0.0
EBITDA $B0.30.10.40.20.40.20.0−0.0◌−0.0−0.0−0.0−0.0−0.0−0.0−0.0
Income tax $B0.10.00.10.00.00.00.00.00.00.0−0.0−0.00.00.00.0◌
Net income $B0.20.10.40.20.20.10.00.00.0−0.0−0.0−0.0−0.0−0.0−0.10.0
Free cash flow $B−0.01.6−1.1−1.0−0.40.50.10.1−0.0−0.0−0.0◌◌◌◌◌
EPS, diluted $2.511.266.393.453.842.560.43◌◌◌◌◌◌◌◌◌
Dividend / sh $◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌
Payout %——————————————−42—
ROE %11.36.439.130.854.873.720.15.822.5−1.7−3.8——−26.9−116.02.2
Shares out B0.060.060.060.060.060.060.060.060.060.280.280.060.060.060.060.06

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

More in this sector

Other companies filing in the same sector

Provenance

Company facts, as filed

How we verify · 0 failures in 47 reconciliationsAUDITED

Reconciled in 16 of the 16 fiscal years we could check. 15 checks were skipped: cost of revenue is not tagged before 2022. Six checks were skipped: the balance sheet is not tagged before 2010. Four checks were skipped: EPS is not tagged before 2011.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivitySecurity Brokers, Dealers & Flotation Companies
Listed onNASDAQ
Incorporated inNevada
Fiscal year endsMarch 31
Data on record since2010

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