Freedom Holding Corp. (FRHC) Income Statement
FRHC FY2026 at a glance
Fiscal year ended March 31, 2026 · U.S. dollarsFRHC revenue and net income
Where FRHC's revenue goes
FY2026Each bar shows an amount and its share of revenue. FRHC kept 7.0% of revenue as net income.
FRHC profit margins
FRHC growth rates
to FY2026| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +7.8% | +40.2% | +44.6% | — |
| Gross profit | +47.8% | +40.4% | +51.1% | — |
| Operating income | +13.2% | +17.4% | +32.1% | — |
| Net income | +81.1% | −9.2% | +0.5% | — |
| EPS (diluted) | +82.5% | −11.0% | +0.4% | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
FRHC quarterly EPS vs estimates
Freedom beat the analyst EPS estimate in 2 of the last 2 quarters. Next report: November 6, 2026.
FRHC income statement
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.19B | $2.03B | $1.66B | $795.7M | $689.8M | $346.9M | $83.4M | $74.3M | $57.8M | $19.4M |
| Cost of revenue | $609.9M | $963.6M | $492.5M | $224.8M | $186.6M | $146.4M | $19.4M | $6.2M | $2.3M | $346,000 |
| Gross profit | $1.58B | $1.07B | $1.16B | $570.9M | $503.1M | $200.5M | $64.0M | $68.0M | $55.5M | $19.0M |
| Research & development | — | — | $0 | $0 | — | $1 | $0 | $0 | $0 | — |
| Sales, general & admin | $866.4M | $375.6M | $216.2M | $100.3M | $56.0M | $22.6M | $26.0M | $9.3M | $4.0M | $1.4M |
| Total operating expenses | $866.4M | $438.1M | $237.4M | $129.4M | $58.5M | $22.6M | $25.7M | $44.6M | $22.1M | $19.6M |
| Operating income | $715.0M | $631.8M | $926.8M | $441.4M | $444.7M | $177.9M | $38.3M | $23.4M | $33.3M | −$581,974 |
| Interest income | — | — | — | — | — | — | $10.2M | $18.8M | $11.8M | $1.6M |
| Interest expense | $489.0M | $535.9M | $501.1M | $208.9M | $76.9M | $22.4M | $10.2M | $14.6M | $14.7M | $3.8M |
| Income before taxes | $226.0M | $112.9M | $435.4M | $235.9M | $363.7M | $151.8M | $29.1M | $8.5M | $18.6M | $5.8M |
| Income taxes | $72.6M | $28.4M | $60.4M | $42.8M | $38.6M | $23.3M | $4.9M | $1.4M | $418,000 | −$524,000 |
| Net income | $153.3M | $84.7M | $375.5M | $205.1M | $227.5M | $149.7M | $24.8M | $7.1M | $18.2M | $6.3M |
| EBITDA | $749.6M | $666.0M | $951.1M | $450.0M | $444.1M | $176.9M | $40.4M | $25.2M | $34.8M | $9.8M |
| EPS (diluted) | $2.50 | $1.37 | −$0.47 | $3.55 | $3.54 | $2.45 | $0.79 | $0.12 | $0.56 | $1.39 |
| Gross margin | 72.2% | 52.6% | 70.3% | 71.7% | 72.9% | 57.8% | 76.7% | 91.6% | 96.0% | 98.2% |
| Operating margin | 32.6% | 31.1% | 55.9% | 55.5% | 64.5% | 51.3% | 45.9% | 31.5% | 57.7% | −3.0% |
| Net margin | 7.0% | 4.2% | 22.7% | 25.8% | 33.0% | 43.1% | 29.8% | 9.6% | 31.5% | 32.5% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $720.9M | $466.7M | $615.6M | $530.9M | $524.9M | $445.8M | $576.4M | $506.9M | $439.4M | $489.9M | $431.2M | $421.5M |
| Cost of revenue | $351.2M | $110.0M | $261.1M | $252.4M | $272.2M | $279.1M | $275.8M | $223.7M | $185.0M | $158.6M | $128.9M | $105.6M |
| Gross profit | $369.6M | $356.7M | $354.5M | $278.5M | $252.7M | $166.7M | $300.6M | $283.2M | $254.4M | $331.2M | $302.3M | $315.9M |
| Sales, general & admin | $145.2M | $99.0M | $139.4M | $99.1M | $102.5M | $82.6M | $97.8M | $61.2M | $58.3M | $74.1M | $50.4M | $42.6M |
| Total operating expenses | $162.9M | $207.5M | $154.5M | $118.8M | $107.3M | $181.3M | $75.3M | $38.1M | $78.4M | $96.0M | $61.3M | $46.2M |
| Operating income | $206.8M | $149.2M | $200.0M | $159.7M | $145.4M | −$14.6M | $225.3M | $245.1M | $176.0M | $235.2M | $241.0M | $269.7M |
| Interest expense | $177.6M | $145.5M | $127.9M | $102.3M | $113.4M | $134.4M | $131.1M | $124.7M | $145.7M | $135.5M | $131.2M | $139.4M |
| Income before taxes | $40.8M | $31.0M | $93.9M | $60.5M | $40.5M | −$155.5M | $98.3M | $128.5M | $41.6M | $104.5M | $111.6M | $134.7M |
| Income taxes | $9.2M | $23.0M | $17.7M | $21.8M | $10.1M | −$13.1M | $20.2M | $14.0M | $7.3M | $9.0M | $15.5M | $19.2M |
| Net income | $31.7M | $8.0M | $76.2M | $38.7M | $30.4M | −$142.7M | $78.3M | $114.7M | $34.4M | $95.2M | $96.4M | $115.8M |
| EBITDA | $228.3M | $190.3M | $230.2M | $169.0M | $160.0M | −$16.6M | $234.1M | $257.1M | $191.5M | $243.5M | $247.3M | $278.1M |
| EPS (diluted) | $0.52 | — | $0.00 | $0.63 | $0.50 | −$2.39 | $1.29 | $1.90 | $0.57 | $1.58 | −$1.60 | −$1.60 |
| Gross margin | 51.3% | 76.4% | 57.6% | 52.5% | 48.1% | 37.4% | 52.1% | 55.9% | 57.9% | 67.6% | 70.1% | 74.9% |
| Operating margin | 28.7% | 32.0% | 32.5% | 30.1% | 27.7% | −3.3% | 39.1% | 48.3% | 40.1% | 48.0% | 55.9% | 64.0% |
| Net margin | 4.4% | 1.7% | 12.4% | 7.3% | 5.8% | −32.0% | 13.6% | 22.6% | 7.8% | 19.4% | 22.3% | 27.5% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in FRHC's financial statements (latest annual report filed June 1, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
FRHC financial results
In fiscal year 2026 (ended March 31, 2026), Freedom reported revenue of $2.2 billion, up 7.8% from the year before. It had net income of $153.3 million (up 81.1%), a net profit margin of 7.0%. Diluted earnings per share came to $2.50. Over five years revenue grew at an average rate of 44.6% a year.
See the FRHC stock overview for the latest quote and news, or the FRHC chart for price history and technical indicators.
FRHC income statement FAQ
What is Freedom's annual revenue?
Freedom reported total revenue of $2.2 billion for fiscal year 2026, which ended on March 31, 2026. That was up 7.8% from $2.0 billion the previous year.
Is Freedom profitable?
Yes. Freedom reported net income of $153.3 million in fiscal 2026, a net profit margin of 7.0%; its operating margin was 32.6%.
What is Freedom's gross margin?
Freedom's gross margin was 72.2% in fiscal 2026: for every $100 of revenue, Freedom kept $72 after the direct cost of its products and services.
How fast is Freedom growing?
Revenue grew 44.6% a year on average over the last five fiscal years, from $346.9 million to $2.2 billion.
What are Freedom's earnings per share?
Freedom earned $2.50 per diluted share in fiscal 2026, compared with $1.37 a year earlier.
When will Freedom report its next earnings?
Freedom is expected to report results for the quarter ending September 30, 2026 on November 6, 2026 before the market opens.
When does Freedom's fiscal year end?
Freedom's fiscal year ends in March. The latest annual report covers the year ended March 31, 2026 and was filed on June 1, 2026.