FRHCNasdaqSecurity Brokers, Dealers & Flotation CompaniesFiscal year ends March 31
Freedom Holding Corp.
Financials through Q1 FY2027, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 10, 2026
$173.48−8.09 (-4.46%)
Close on Oct 19, 2026
- Market cap
- $10.63B
- P/E (TTM)
- 68.6
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2012 to 2026
Gross margin
96.4%
Net margin
7.0%−36.1 pts over 5 years
Growth rates
Compound annual growth to fiscal 2026
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +9.3% | +40.0% | +44.6% | – | |
| Gross profit | +7.0% | +38.3% | – | – | |
| Net income | +101.0% | -9.2% | +0.5% | – | |
| EPS, diluted | +99.2% | -10.1% | -0.4% | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2017 | FY2021 | FY2026 | Trend |
|---|---|---|---|---|
| Return on equity | -1.7% | 73.7% | 11.3% | |
| Return on assets | -0.9% | 11.7% | 1.3% | |
| Capex to revenue | – | 0.4% | 9.1% | |
| Diluted shares | 280M | 58.44B | 61M |
Where the cash went
Fiscal 2022 to 2026, five years combined
Freedom generated $4.29B from operations and spent $360.57M on capital expenditure, dividends and share buybacks. 100% of that went back into the business.
Generated
$4.29B
Used
$360.57M
Capital expenditure$360.57M100%Dividends$00%Share buybacks$00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin7.0%
×Asset turnover0.19×
×Equity multiplier8.50×
=Return on equity, FY202611.3%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2026 | 7.0% | 0.19× | 8.50× | 11.3% |
| FY2025 | 3.8% | 0.22× | 7.63× | 6.4% |
| FY2024 | 23.0% | 0.25× | 6.90× | 39.1% |
| FY2023 | 25.7% | 0.19× | 6.25× | 30.8% |
| FY2022 | 33.0% | 0.26× | 6.42× | 54.8% |
| FY2021 | 43.1% | 0.27× | 6.29× | 73.7% |
| FY2020 | 29.8% | 0.21× | 3.26× | 20.1% |
| FY2019 | 9.6% | 0.22× | 2.78× | 5.8% |
| FY2018 | 34.8% | 0.25× | 2.64× | 22.5% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2026 against fiscal 2025
4of 7 tests passed in fiscal 2026. Some tests lack the figures they need.
- ProfitableNet income above zero$153.33M
- Cash generatingOperating cash flow above zero$185.22M
- Return on assets improvedROA up on the prior year0.9% → 1.5%
- Earnings backed by cashOperating cash flow above net income$185.22M vs $153.33M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose– → –
- No dilutionShare count did not rise60M → 61M
- Gross margin improvedGross margin up on the prior year98.44% → 96.37%
- More efficientAsset turnover rose0.24 → 0.22