Freedom Holding Corp. (FRHC) Financial Statements

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Freedom Holding financial statements at a glance

Freedom Holding reported revenue of $2.17 billion for fiscal year 2026 (ended March 31, 2026), up 6.5% from fiscal year 2025. Net income was $153.33 million, a net margin of 7.1%, and diluted earnings per share were $2.51.

At the end of fiscal year 2026 it had total assets of $13.16 billion, total liabilities of $11.67 billion and shareholders' equity of $1.49 billion, with cash and short-term investments of $3.88 billion and total debt of $2.43 billion.

Its operations brought in $185.22 million of cash; capital spending was $222.14 million, leaving free cash flow of -$36.92 million.

The tables below show the income statement, balance sheet and cash flow statement; the key figures of the last 5 fiscal years are at the bottom of the page.

Figures from company filings, in USD; latest fiscal year ended March 31, 2026.

FRHC logo

Freedom Holding Corp.

FRHCUnited States
Financial Services
USD (Local)

Income Statement

Annual • USD

Total Revenue
2.17B
Prev Year: 2.03B
YoY: +6.5%
Net Interest Income
-489.04M
Prev Year: -535.89M
YoY: +8.7%
Interest Expense
489.04M
Prev Year: 535.89M
YoY: -8.7%
Operating Expense
492.31M
Prev Year: 438.06M
YoY: +12.4%
Total Unusual Items
-
Provision for Doubtful Accounts
52.37M
Prev Year: 62.45M
YoY: -16.1%
Gross Profit
1.18B
Prev Year: 1.07B
YoY: +10.4%
Cost of Revenue
983.98M
Prev Year: 963.62M
YoY: +2.1%
Operating Revenue
2.17B
Prev Year: 2.03B
YoY: +6.5%
Selling General and Administrative
439.95M
Prev Year: 375.62M
YoY: +17.1%
General and Administrative Expense
336.64M
Prev Year: 250.99M
YoY: +34.1%
Salaries and Wages
68.05M
Prev Year: 59.59M
YoY: +14.2%
Other General and Administrative
268.60M
Prev Year: 191.40M
YoY: +40.3%
Selling and Marketing Expense
103.30M
Prev Year: 124.63M
YoY: -17.1%
Other Non-operating Income (expense)
25.93M
Prev Year: 17.07M
YoY: +51.9%
Pre-tax Income
225.97M
Prev Year: 112.95M
YoY: +100.1%
Provision for Income Taxes
72.64M
Prev Year: 28.43M
YoY: +155.5%
Net Income Common Stockholders
153.33M
Prev Year: 84.65M
YoY: +81.1%
Net Income
153.33M
Prev Year: 84.65M
YoY: +81.1%
Net Income Including Non-Controlling Interests
153.33M
Prev Year: 84.52M
YoY: +81.4%
Net Income from Continuing Operations
153.33M
Prev Year: 84.52M
YoY: +81.4%
Diluted NI Available to Com Stockholders
153.33M
Prev Year: 84.65M
YoY: +81.1%
Basic EPS
2.56
Prev Year: 1.43
YoY: +79.0%
Diluted EPS
2.509
Prev Year: 1.4
YoY: +79.2%
Weighted Average Shares (basic)
59.99M
Prev Year: 59.39M
YoY: +1.0%
Weighted Average Shares (diluted)
61.12M
Prev Year: 60.49M
YoY: +1.0%
Net Income from Continuing and Discontinued Operation
153.33M
Prev Year: 84.65M
YoY: +81.1%
Normalized Income
153.33M
Prev Year: 84.65M
YoY: +81.1%
Reconciled Depreciation
34.56M
Prev Year: 17.16M
YoY: +101.4%
Net Income from Continuing Operation Net Minority Interest
153.33M
Prev Year: 84.65M
YoY: +81.1%
Tax Rate for Calcs
0.321
Prev Year: 0.252
YoY: +27.6%
Total Operating Income as Reported
-
Normalized EBITDA
749.56M
Prev Year: 666.00M
YoY: +12.5%
Reconciled Cost of Revenue
983.98M
Prev Year: 963.62M
YoY: +2.1%
EBITDA
749.56M
Prev Year: 666.00M
YoY: +12.5%
EBIT
715.00M
Prev Year: 648.84M
YoY: +10.2%
Total Expenses
1.48B
Prev Year: 1.40B
YoY: +5.3%
Other Income Expense
25.93M
Prev Year: 17.07M
YoY: +51.9%
Net Income from Discontinued Operations
-
Prev Year: 0
Net Non Operating Interest Income Expense
-489.04M
Prev Year: -535.89M
YoY: +8.7%
Non-operating Interest Expense
489.04M
Prev Year: 535.89M
YoY: -8.7%
Operating Income
689.07M
Prev Year: 631.77M
YoY: +9.1%
Total Unusual Items Excluding Goodwill
-
Values in USD

Freedom Holding key figures by fiscal year

FY2026FY2025FY2024FY2023FY2022
Revenue$2.2B$2.0B$1.6B$795.7M$689.8M
Gross profit$1.2B$1.1B$1.2B$570.9M$503.1M
Operating income$689.1M$631.8M$922.7M$441.4M$444.7M
Net income$153.3M$84.7M$375.5M$205.1M$227.5M
Diluted EPS$2.51$1.40$6.33$3.45$3.84
Total assets$13.2B$9.9B$8.3B$5.1B$3.2B
Total liabilities$11.7B$8.7B$7.1B$4.3B$2.7B
Shareholders' equity$1.5B$1.2B$1.2B$777.3M$553.6M
Cash and short-term investments$3.9B$3.6B$4.5B$3.2B$1.5B
Total debt$2.4B$2.0B$3.1B$1.6B$885.7M
Operating cash flow$185.2M$1.7B-$1.1B-$951.7M-$406.4M
Capital spending$222.1M$95.3M$43.8M$38.5M$5.6M
Free cash flow-$36.9M$1.6B-$1.1B-$990.2M-$412.0M

In USD. Fiscal years as reported by the company; statements on this page go back to fiscal year 2015.

Questions and answers

What was Freedom Holding's revenue in fiscal year 2026?

$2.17 billion, up 6.5% from $2.03 billion in fiscal year 2025.

How much profit does Freedom Holding make?

Freedom Holding reported net income of $153.33 million for fiscal year 2026 (7.1% of revenue); operating income was $689.07 million.

How much cash and debt does Freedom Holding have?

At the end of fiscal year 2026: cash and short-term investments of $3.88 billion and total debt of $2.43 billion.

What is Freedom Holding's free cash flow?

-$36.92 million in fiscal year 2026 (operating cash flow of $185.22 million minus capital spending of $222.14 million).

MoreFreedom Holding stock overviewFreedom Holding executive teamFreedom Holding shareholdersFreedom Holding revenue by segment
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Disclaimer: This analysis is for informational and educational purposes only and does not constitute financial, investment, tax, or legal advice. Data may be incomplete, delayed, or contain inaccuracies. Consult with a qualified financial advisor before making any investment decisions.
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