Freedom Holding Corp. (FRHC) Revenue by Segment
Freedom Holding revenue by segment at a glance
In Q1 fiscal 2027 (the quarter ended June 30, 2026), Freedom Holding's largest business segment was Brokerage, with $282.56 million or 39% of revenue, up 60.3% from a year earlier. Next: Banking (31%), Insurance (21%) and Other (10%).
By region, KAZAKHSTAN brought in 84%, ARMENIA brought in 9% and CYPRUS brought in 7% of revenue in Q1 fiscal 2027.
By country, Kazakhstan brought in 84%, Armenia brought in 9% and Cyprus brought in 7% of revenue in Q1 fiscal 2027.
The fastest-growing business segment from a year earlier was Other (+100.2%).
From company filings, in USD; latest quarter ended June 30, 2026; quarterly data from Q3 fiscal 2021.
Freedom Holding Corp.
Revenue breakdown
Fiscal quarters, from company filings
Freedom Holding revenue by business segment, last 4 quarters
| Business segment | Q1 FY27 | Q3 FY26 | Q2 FY26 | Q1 FY26 | Share |
|---|---|---|---|---|---|
| Brokerage | $282.6M | $209.6M | $234.9M | $176.3M | 39% |
| Banking | $225.2M | $235.5M | $105.7M | $146.2M | 31% |
| Insurance | $150.9M | $129.9M | $150.9M | $164.6M | 21% |
| Other | $73.9M | $53.6M | $34.6M | $36.9M | 10% |
In USD, fiscal quarters as reported; share = part of Q1 FY27 revenue.
Freedom Holding revenue by region, last 4 quarters
| Region | Q1 FY27 | Q3 FY26 | Q2 FY26 | Q1 FY26 | Share |
|---|---|---|---|---|---|
| KAZAKHSTAN | $612.2M | $534.7M | $426.8M | $452.1M | 84% |
| ARMENIA | $65.2M | $45.9M | $55.9M | $43.7M | 9% |
| CYPRUS | $47.9M | $40.8M | $35.1M | $20.5M | 7% |
| Other Countries | $5.0M | $4.0M | $4.1M | $2.0M | 1% |
| UNITED STATES | $2.3M | $3.2M | $4.2M | $5.8M | under 1% |
In USD, fiscal quarters as reported; share = part of Q1 FY27 revenue.
Freedom Holding revenue by country, last 4 quarters
| Country | Q1 FY27 | Q3 FY26 | Q2 FY26 | Q1 FY26 | Share |
|---|---|---|---|---|---|
| Kazakhstan | $612.2M | $534.7M | $426.8M | $452.1M | 84% |
| Armenia | $65.2M | $45.9M | $55.9M | $43.7M | 9% |
| Cyprus | $47.9M | $40.8M | $35.1M | $20.5M | 7% |
| Other Countries | $5.0M | $4.0M | $4.1M | $2.0M | 1% |
| United States | $2.3M | $3.2M | $4.2M | $5.8M | under 1% |
In USD, fiscal quarters as reported; share = part of Q1 FY27 revenue.
Questions and answers
What are Freedom Holding's business segments?
Brokerage, Banking, Insurance and Other (as reported for Q1 fiscal 2027).
Which business segment makes the most money for Freedom Holding?
Brokerage: $282.56 million, or 39% of revenue, in Q1 fiscal 2027.
Where does Freedom Holding make its money?
By region in Q1 fiscal 2027: KAZAKHSTAN (84%), ARMENIA (9%), CYPRUS (7%) and Other Countries (1%).
