Freedom Holding Corp. (FRHC) Revenue History
Annual and quarterly revenue from 1997 to present
FRHC Revenue Over Time (1997–2026)
FRHC Revenue Growth History
16 of 23 years with positive growth- FY1997 revenue growth
- N/A
- FY1998 revenue growth
- -45.7%
- FY1999 revenue growth
- -53.0%
- FY2000 revenue growth
- -55.0%
- FY2001 revenue growth
- -49.4%
- FY2002 revenue growth
- +139.2%
- FY2003 revenue growth
- -88.1%
- FY2004 revenue growth
- +256.3%
- FY2005 revenue growth
- +187.4%
- FY2006 revenue growth
- +511.8%
- FY2007 revenue growth
- +165.0%
- FY2008 revenue growth
- +281.3%
- FY2009 revenue growth
- +15.6%
- FY2010 revenue growth
- -17.7%
- FY2011 revenue growth
- -100.0%
- FY2012 revenue growth
- N/A
- FY2013 revenue growth
- N/A
- FY2014 revenue growth
- N/A
- FY2015 revenue growth
- N/A
- FY2016 revenue growth
- N/A
- FY2017 revenue growth
- N/A
- FY2018 revenue growth
- +198.4%
- FY2019 revenue growth
- +28.6%
- FY2020 revenue growth
- +12.3%
- FY2021 revenue growth
- +316.0%
- FY2022 revenue growth
- +98.9%
- FY2023 revenue growth
- +15.4%
- FY2024 revenue growth
- +108.2%
- FY2025 revenue growth
- +22.7%
- FY2026 revenue growth
- +7.8%
| Quarter | Revenue | YoY |
|---|---|---|
| Q4 2026 | $466.7M | — |
| Q3 2026 | $615.6M | — |
| Q2 2026 | $530.9M | — |
| Q1 2026 | $524.9M | — |
| Q4 2025 | $445.8M | — |
| Q3 2025 | $576.4M | — |
| Q2 2025 | $506.9M | — |
| Q1 2025 | $439.4M | — |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2026)
FRHC's revenue distribution by segment and geography for fiscal year 2026
By Product/Segment
By Geography
FRHC Revenue Analysis (1997–2026)
Current Revenue & Growth
As of June 29, 2026, Freedom Holding Corp. (FRHC) generated trailing twelve-month (TTM) revenue of $2.14 billion, reflecting modest growth of +4.7% year-over-year. The most recent quarter (Q4 2026) recorded $466.7 million in revenue, down 24.2% sequentially.
Historical Growth Trajectory
FRHC's 5-year compound annual growth rate (CAGR) stands at +44.6%, indicating outstanding long-term growth trajectory. The 3-year CAGR of +40.2% is below the 5-year average, signalling a growth deceleration in recent years. Freedom Holding Corp.'s highest annual revenue of $2.19 billion was recorded in 2026, an all-time high.
Revenue by Segment
FRHC's revenue is primarily driven by Brokerage Segment (38%), Banking Segment (31%), and Insurance Segment (23%). The diversified mix across segments reduces dependence on any single product line, which can support more resilient revenue in downturns.
Peer Comparison
Compared to Financial Services sector peers — including IBKR, LPLA, and VIRT. Compare FRHC vs IBKR →
FRHC Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| FRHCCurrent | $2.1B | +4.7% | +44.6% | 32.6% | |
 IBKR | $10.2B | - | - | 86.0% | |
 LPLA | $17.0B | - | - | 13.4% | |
 VIRT | $3.6B | - | - | 33.8% | |
 MKTX | $849M | - | - | 41.2% | |
 SNEX | $132.4B | - | - | 1.6% |
FRHC Historical Revenue Data (1997–2026)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2026 | $2.19B | - | $1.58B | 72.2% | $715.0M | 32.6% |
| 2025 | $2.03B | - | $1.07B | 52.6% | $631.8M | 31.1% |
| 2024 | $1.66B | - | $1.16B | 70.3% | $926.8M | 55.9% |
| 2023 | $795.7M | - | $570.9M | 71.7% | $441.4M | 55.5% |
| 2022 | $689.8M | - | $503.1M | 72.9% | $444.7M | 64.5% |
| 2021 | $346.9M | - | $200.5M | 57.8% | $177.9M | 51.3% |
| 2020 | $83.4M | - | $64.0M | 76.7% | $38.3M | 45.9% |
| 2019 | $74.3M | - | $68.0M | 91.6% | $23.4M | 31.5% |
| 2018 | $57.8M | - | $55.5M | 96.0% | $33.3M | 57.7% |
| 2017 | $19.4M | - | $19.0M | 98.2% | $-581,974 | -3.0% |
| 2016 | $0 | - | $-3,305 | - | $-493,834 | - |
| 2015 | $0 | - | $0 | - | $-80,410 | - |
| 2014 | $0 | - | $0 | - | $-1,589,000 | - |
| 2013 | $0 | - | $0 | - | $-3,110,000 | - |
| 2012 | $0 | - | $0 | - | $-23,964,000 | - |
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
29+ years return with dividends reinvested.
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Peer Comparison
Compare growth, multiples, and margins vs sector.
FRHC — Frequently Asked Questions
Quick answers to the most common questions about buying FRHC stock.
Is FRHC's revenue growth accelerating or slowing?
FRHC revenue growth is slowing. TTM revenue is $2.1B, up +4.7% year-over-year — below the 5-year CAGR of +44.6%. The deceleration suggests maturing end-markets or increased competition.
What is FRHC's revenue history from 1997 to 2026?
Freedom Holding Corp. (FRHC) revenue history spans 1997 to 2026. TTM revenue as of 2026 is $2.1B, growing at +4.7% YoY. The 5-year CAGR is +44.6%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is FRHC's long-term revenue growth rate (CAGR)?
Freedom Holding Corp.'s 5-year revenue CAGR of +44.6% reflects the variable nature of its business expansion. As of 2026, the current YoY growth rate of +4.7% is below this long-term average. CAGR is the most reliable measure of sustained revenue momentum for FRHC.
Why does FRHC's quarterly revenue fluctuate?
FRHC quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. Freedom Holding Corp.'s revenue data from 1997 to 2026 shows full historical quarterly detail on this page.
How is FRHC's revenue distributed by segment?
FRHC reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does FRHC's revenue compare to industry peers?
Freedom Holding Corp. (FRHC) with TTM revenue of $2.1B and +4.7% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.