Freedom Holding Corp. (FRHC) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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FRHC Revenue Growth
Revenue Breakdown (FY 2025)
FRHC's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
FRHC Revenue Analysis (2014–2025)
As of May 8, 2026, Freedom Holding Corp. (FRHC) generated trailing twelve-month (TTM) revenue of $2.05 billion, reflecting slight decline in growth of -4.1% year-over-year. The most recent quarter (Q3 2026) recorded $552.8 million in revenue, up 4.1% sequentially.
Looking at the longer-term picture, FRHC's 5-year compound annual growth rate (CAGR) stands at +89.4%, indicating outstanding long-term growth trajectory. The company achieved its highest annual revenue of $2.03 billion in 2025, representing a new all-time high.
Revenue diversification analysis shows FRHC's business is primarily driven by Brokerage Segment (35%), Insurance Segment (33%), and Banking Segment (25%).
When 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 | -4.1% | +89.4% | 31.1% | |
 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 (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 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 | - |
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Start ComparisonFRHC — 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 slowed to -4.1%, below the 5-year CAGR of +89.4%. TTM revenue is $2.1B. The deceleration marks a shift from historical growth rates.
What is FRHC's long-term revenue growth rate?
Freedom Holding Corp.'s 5-year revenue CAGR of +89.4% reflects the variable expansion pattern. Current YoY growth of -4.1% is near this long-term average.
How is FRHC's revenue distributed by segment?
FRHC reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.