Mizuho Financial Group, Inc. (MFG) 10-Year Financial Performance & Capital Metrics

MFG • • Banking & Credit

Financial ServicesRegional BanksInternational & Latin American BankingInternational Trade Banking

AboutMizuho Financial Group, Inc., together with its subsidiaries, engages in banking, trust, securities, and other businesses related to financial services in Japan, the Americas, Europe, Asia/Oceania, and internationally. It operates through five segments: Retail & Business Banking Company, Corporate & Institutional Company, Global Corporate Company, Global Markets Company, and Asset Management Company. The company provides deposit products; syndicated, housing, and card loans; business matching services; and advisory services related to overseas expansions, and mergers and acquisitions-related services. It also offers consulting services, including asset management and asset succession; payroll services; and sells lottery tickets issued by prefectures and ordinance-designated cities. In addition, it offers financial solutions, such as bonds, mergers and acquisitions advisory, risk hedging products, etc. for corporate customers to meet their needs in fund-raising, investment management, and financial strategies; solutions based on their capital management, business strategy, and financial strategy; real estate agency services; advisory services and solutions, such as advice on proposals on various investment products to financial institutions; and financial services that include funding support and public bonds underwriting. Further, the company offers sales and trading services to meet needs for customers; investment products for individual customers; and consulting services for institutional investors. Additionally, the company provides products and services related to trust, securitization and structured finance, pension, and stock transfers; securities services; and research, private banking, and information technology-related services. Mizuho Financial Group, Inc. was incorporated in 2003 and is headquartered in Tokyo, Japan.Show more

Net Interest Income $1045.26B +17.8%
Total Revenue $8600.15B +9.5%
Net Income $885.43B +30.4%
Return on Equity 8.5% +22.2%
Net Interest Margin 0.37% +15.8%
Efficiency Ratio 27.95% +15.0%
ROA 0.32% +23.7%
Equity / Assets 3.71% +0.4%
Book Value per Share 832.48 +2.3%
Tangible BV/Share 768.49 +1.6%
Debt/Equity 5.79 +1.2%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Efficient operations: 27.9% efficiency ratio
✓Momentum leader: RS Rating 82 (top 18%)
✓Diversified revenue: 30.2% from non-interest income
✓Trading near 52-week high
✓Trading at only 0.0x book value

✗Weaknesses

✗High debt to equity ratio of 5.8x
✗Weak NIM of 0.4%
✗Thin capital base

Price & Volume

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Growth Metrics

Revenue CAGR

10Y11.79%

5Y19.08%

3Y44.76%

TTM-

Profit (Net Income) CAGR

10Y3.76%

5Y14.57%

3Y18.62%

TTM21.69%

EPS CAGR

10Y3.81%

5Y14.64%

3Y18.73%

TTM22.89%

ROCE

10Y Avg1.16%

5Y Avg1.53%

3Y Avg1.69%

Latest2.07%

Peer Comparison

International Trade Banking

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
CATYCathay General Bancorp	3.46B	50.81	12.86	6.11%	20.56%	10.5%	9.42%	0.08
IBOCInternational Bancshares Corporation	4.39B	70.69	10.76	7.5%	39.23%	13.44%	10.46%	0.23
BLXBanco Latinoamericano de Comercio Exterior, S. A.	1.29B	44.99	8.03	18.61%	25.4%	15.57%		3.43
HDBHDFC Bank Limited	166.72B	32.51	0.23	19.15%	16.06%	12.21%	100%	0.86
IBNICICI Bank Limited	110.22B	30.82	0.22	25.19%	17.32%	15.31%		0.62
MFGMizuho Financial Group, Inc.	104.86B	8.49	0.12	9.47%	10.3%	9.11%		5.79
KBKB Financial Group Inc.	31.94B	89.08	0.01	3.73%	13.45%	9.46%	100%	2.35
SHGShinhan Financial Group Co., Ltd.	26.05B	54.10	0.01	4.66%	12.58%	8.03%	100%	2.55

Profit & Loss

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Net Interest Income+	1T	867.82B	807.36B	762.48B	733.54B	905.68B	993.46B	960.57B	887.61B	1.05T
NII Growth %	-0.11%	-0.14%	-0.07%	-0.06%	-0.04%	0.23%	0.1%	-0.03%	-0.08%	0.18%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	1.43T	1.45T	1.62T	2.06T	2.01T	1.33T	1.31T	3.18T	5.77T	6T
Interest Expense	422.57B	577.74B	814.99B	1.29T	1.28T	427.83B	315.55B	2.22T	4.88T	4.95T
Loan Loss Provision	30.4B	47.5B	-156.3B	19.5B	171.7B	204.9B	235.1B	89.3B	106.3B	51.6B
Non-Interest Income+	1.51T	1.56T	1.5T	1.43T	1.58T	1.56T	1.53T	1.71T	2.08T	2.6T
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	2.94T	3.01T	3.12T	3.49T	3.59T	2.89T	2.84T	4.89T	7.86T	8.6T
Revenue Growth %	0.04%	0.02%	0.04%	0.12%	0.03%	-0.2%	-0.02%	0.72%	0.61%	0.09%
Non-Interest Expense	1.48T	1.6T	1.66T	2.06T	1.52T	1.6T	1.68T	1.8T	1.91T	2.4T
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	1.01T	784.19B	799.95B	116.26B	618.72B	652.16B	603.87B	778.96B	955.03B	1.19T
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	0.02%	-0.22%	0.02%	-0.85%	4.32%	0.05%	-0.07%	0.29%	0.23%	0.25%
Pretax Income+	1.01T	784.19B	799.95B	116.26B	618.72B	652.16B	603.87B	778.96B	955.03B	1.19T
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	282.55B	137.74B	191.63B	-2.5B	161.5B	174.79B	60.69B	218.83B	271.74B	301.42B
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	670.94B	603.54B	576.55B	96.57B	448.57B	471.02B	530.48B	555.53B	678.99B	885.43B
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	0.1%	-0.1%	-0.04%	-0.83%	3.65%	0.05%	0.13%	0.05%	0.22%	0.3%
Net Income (Continuing)	725.7B	646.46B	608.33B	118.76B	457.22B	477.38B	543.18B	560.13B	683.3B	888.67B
EPS (Diluted)+	52.84	47.56	45.44	7.61	35.37	37.15	41.85	43.84	53.58	70.04
EPS Growth %	0.1%	-0.1%	-0.04%	-0.83%	3.65%	0.05%	0.13%	0.05%	0.22%	0.31%
EPS (Basic)	53.88	47.72	45.46	7.61	35.38	37.15	41.85	43.84	53.58	70.04
Diluted Shares Outstanding	12.7B	12.69B	12.69B	12.68B	12.68B	12.68B	12.67B	12.67B	12.67B	12.64B

Balance Sheet

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	36.32T	47.13T	47.73T	45.11T	41.07T	47.98T	51.36T	67.15T	72.97T	72.48T
Short Term Investments	1000K	1000K	1000K	1000K	1000K	1000K	0	0	0	1000K
Total Investments+	126.9T	66.02T	123.56T	118.45T	130.71T	138.86T	142.02T	142.53T	149.29T	186.88T
Investments Growth %	0.5%	-0.48%	0.87%	-0.04%	0.1%	0.06%	0.02%	0%	0.05%	0.25%
Long-Term Investments	101.44T	45.46T	99.89T	101.45T	112.64T	112.42T	142.02T	142.53T	149.29T	136.53T
Accounts Receivables	1000K	1000K	1000K	1000K	1000K	1000K	0	0	0	0
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	0	74.77B	0	0	0	56.25B	52.55B	49.61B	116.42B	108.03B
Intangible Assets	804.57B	970.71B	1.09T	620.23B	636.14B	563.97B	548.74B	523.11B	608.72B	700.87B
PP&E (Net)	1.09T	1.14T	1.11T	1.04T	1.1T	1.14T	1.1T	1.11T	1.14T	1.12T
Other Assets	27.57T	-95.18B	30.85T	34.76T	40.39T	36.17T	41.8T	42.58T	54.41T	21.79T
Total Current Assets	62.52T	158.43T	72.03T	62.88T	59.86T	75.2T	51.36T	67.15T	72.97T	122.83T
Total Non-Current Assets	130.94T	42.08T	132.99T	137.91T	154.8T	150.38T	185.71T	187.11T	205.7T	160.49T
Total Assets+	193.46T	200.51T	205.03T	200.79T	214.66T	225.59T	237.07T	254.26T	278.67T	283.32T
Asset Growth %	0.02%	0.04%	0.02%	-0.02%	0.07%	0.05%	0.05%	0.07%	0.1%	0.02%
Return on Assets (ROA)	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Accounts Payable	2.88T	1.88T	1.87T	3.02T	2.54T	2.98T	0	0	0	0
Total Debt+	34.82T	16.14T	32.32T	30.22T	35.21T	40.31T	40.96T	45.34T	58.95T	60.89T
Net Debt	-1.49T	-30.99T	-15.4T	-14.89T	-5.86T	-7.67T	-10.39T	-21.82T	-14.02T	-11.6T
Long-Term Debt	14.27T	11.85T	12.8T	11.77T	14.39T	18.22T	17.84T	16T	18.02T	17.61T
Short-Term Debt	20.5T	2.18T	19.47T	18.42T	20.75T	22.03T	23.12T	29.33T	40.93T	43.28T
Other Liabilities	25.51T	-11.89T	20.54T	17.5T	21.1T	19.46T	27.64T	31.79T	33.88T	24.4T
Total Current Liabilities	143.65T	4.2T	161.22T	161.95T	170.23T	178.12T	182.29T	197.18T	216.38T	230.71T
Total Non-Current Liabilities	40.45T	14.06T	33.98T	29.65T	35.76T	38.11T	45.57T	47.87T	51.98T	42.08T
Total Liabilities	184.11T	191.24T	195.21T	191.6T	206T	216.22T	227.87T	245.05T	268.36T	272.8T
Total Equity+	9.35T	9.27T	9.82T	9.19T	8.66T	9.36T	9.2T	9.21T	10.31T	10.52T
Equity Growth %	-0.05%	-0.01%	0.06%	-0.06%	-0.06%	0.08%	-0.02%	0%	0.12%	0.02%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.07%	0.06%	0.06%	0.01%	0.05%	0.05%	0.06%	0.06%	0.07%	0.08%
Book Value per Share	736.61	730.75	774.12	724.88	683.21	738.41	725.93	726.69	813.68	832.48
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	2.26T	2.26T	2.26T	2.26T	2.26T	2.26T	2.26T	2.26T	2.26T	2.26T
Additional Paid-in Capital	1.11T	1.13T	1.13T	1.14T	1.14T	1.14T	1.13T	1.13T	1.13T	1.13T
Retained Earnings	3.2T	3.62T	4T	3.92T	4.17T	4.42T	4.76T	5.09T	5.54T	6.05T
Accumulated OCI	1.61T	1.52T	1.68T	1.45T	992.96B	1.45T	947.2B	662.13B	1.32T	1.02T
Treasury Stock	-3.61B	-4.85B	-6B	-7.7B	-6.41B	-7.12B	-8.34B	-8.79B	-9.4B	-9.46B
Preferred Stock	98.92B	0	0	0	0	0	0	0	0	0

Cash Flow

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operations+	4.1T	4.69T	2.97T	-2.64T	1.9T	16.61T	4.92T	8.87T	1.88T	-3.82T
Operating CF Growth %	-0.38%	0.14%	-0.37%	-1.89%	1.72%	7.74%	-0.7%	0.8%	-0.79%	-3.03%
Net Income	1.01T	784.19B	799.95B	116.26B	618.72B	652.16B	603.87B	778.96B	955.03B	1.19T
Depreciation & Amortization	160.78B	169.08B	177.81B	172.28B	156.73B	166.97B	165.64B	166.94B	178.19B	205.92B
Deferred Taxes	123.13B	-107.43B	60.01B	-157.23B	-101.94B	50.7B	0	0	0	0
Other Non-Cash Items	-960.65B	-1.91T	-784.02B	1.38B	513.61B	-613.5B	-795.46B	398.39B	-2.34T	-890.34B
Working Capital Changes	3T	5.25T	2.71T	-2.77T	714.77B	16.36T	4.94T	7.52T	3.1T	-4.33T
Cash from Investing+	3.69T	5.8T	-2.32T	5.49T	-5.81T	-9.76T	-1.86T	6.61T	1.98T	3.79T
Purchase of Investments	-43.04T	-46.2T	-61.13T	-52.47T	-72.55T	-97.43T	-102.51T	-80.98T	-78.05T	-60.07T
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	-24.43B	301M	1.34B	219M	1.07B	1.8B	18.24B	-3.53B	-31.22B	2.97B
Other Investing	12.91B	8.63B	16.39B	7.81B	9.5B	-264.49B	481M	9.81B	-250.16B	-210.16B
Cash from Financing+	-521.02B	-24.54B	149.96B	-18.64B	-281.85B	40.82B	-522.06B	-611.14B	-230.99B	-299.03B
Dividends Paid	-195.28B	-190.03B	-190.38B	-190.41B	-190.39B	-190.5B	-196.78B	-209.46B	-234.79B	-304.43B
Share Repurchases	-13M	-3.13B	-1.61B	-2.12B	-33.64B	-7.26B	-1.93B	-2.31B	-3.38B	-102.92B
Stock Issued	6M	0	3M	954M	0	894M	873M	1.61B	2.77B	2.86B
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	1000K	1000K	1000K	1000K	1000K	1000K	-1000K	-1000K	1000K	1000K
Other Financing	-503.64B	-497.07B	-25.45B	-296.1B	-345.02B	-2.32B	-6.76B	-48.26B	-4.28B	-2.05B
Net Change in Cash+	7.25T	10.43T	810.67B	-2.08T	-4.39T	7.12T	3.15T	15.69T	5.34T	-442.45B
Exchange Rate Effect	-1000K	-1000K	1000K	-1000K	-1000K	1000K	1000K	1000K	1000K	-1000K
Cash at Beginning	27.84T	35.09T	45.52T	46.33T	44.25T	39.86T	46.98T	50.14T	65.83T	71.17T
Cash at End	35.09T	45.52T	46.33T	44.25T	39.86T	46.98T	50.14T	65.83T	71.17T	70.72T
Interest Paid	435.58B	582.95B	818.59B	1.27T	1.32T	497.42B	0	0	0	0
Income Taxes Paid	269.36B	246.8B	172.89B	175.62B	97.63B	217B	0	0	0	0
Free Cash Flow+	3.78T	4.3T	2.73T	-2.79T	1.67T	16.4T	4.78T	8.68T	1.63T	-4.17T
FCF Growth %	-0.4%	0.14%	-0.37%	-2.02%	1.6%	8.85%	-0.71%	0.82%	-0.81%	-3.56%

Banking Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	7.01%	6.48%	6.04%	1.02%	5.02%	5.23%	5.72%	6.04%	6.96%	8.5%
Return on Assets (ROA)	0.35%	0.31%	0.28%	0.05%	0.22%	0.21%	0.23%	0.23%	0.25%	0.32%
Net Interest Margin	0.52%	0.43%	0.39%	0.38%	0.34%	0.4%	0.42%	0.38%	0.32%	0.37%
Efficiency Ratio	50.24%	53.11%	53.28%	59.01%	42.33%	55.52%	59.28%	36.86%	24.31%	27.95%
Equity / Assets	4.83%	4.62%	4.79%	4.58%	4.04%	4.15%	3.88%	3.62%	3.7%	3.71%
Book Value / Share	736.61	730.75	774.12	724.88	683.21	738.41	725.93	726.69	813.68	832.48
NII Growth	-11.13%	-13.54%	-6.97%	-5.56%	-3.8%	23.47%	9.69%	-3.31%	-7.6%	17.76%
Dividend Payout	29.11%	31.49%	33.02%	197.18%	42.44%	40.44%	37.1%	37.7%	34.58%	34.38%

Revenue by Segment

	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Financial Service	-	-	-	853.29B	867.88B	912.68B	980B	984.35B	1.12T	1.21T
Financial Service Growth	-	-	-	-	1.71%	5.16%	7.38%	0.44%	13.56%	7.96%
Securities related business	-	-	-	145.27B	139.12B	170.22B	184.01B	190.03B	246.87B	262.92B
Securities related business Growth	-	-	-	-	-4.23%	22.35%	8.11%	3.27%	29.91%	6.50%
Lending related business	-	-	-	-	-	-	162.95B	193.84B	232.63B	252.27B
Lending related business Growth	-	-	-	-	-	-	-	18.95%	20.01%	8.44%
Financial Service, Other	-	-	-	157.61B	170.19B	169.31B	178.12B	163.13B	181.56B	214.02B
Financial Service, Other Growth	-	-	-	-	7.98%	-0.52%	5.20%	-8.42%	11.30%	17.88%
Fiduciary and Trust	-	-	-	124.84B	129.3B	122.22B	141.37B	130.58B	136.8B	145.3B
Fiduciary and Trust Growth	-	-	-	-	3.57%	-5.48%	15.67%	-7.63%	4.77%	6.21%
Investment Advisory, Management and Administrative Service	-	-	-	97.85B	98.72B	104.75B	122.01B	109.36B	115.5B	126.68B
Investment Advisory, Management and Administrative Service Growth	-	-	-	-	0.89%	6.11%	16.48%	-10.37%	5.62%	9.68%
Remittance Business	-	-	-	-	-	-	-	-	-	102.35B
Remittance Business Growth	-	-	-	-	-	-	-	-	-	-
Guarantee related business	-	-	-	28.58B	28.97B	31.66B	35.3B	41.15B	43.79B	46.63B
Guarantee related business Growth	-	-	-	-	1.37%	9.29%	11.47%	16.59%	6.42%	6.48%
Agency business	-	-	-	36.47B	31.88B	31.33B	36.9B	36.53B	38.33B	40.66B
Agency business Growth	-	-	-	-	-12.58%	-1.72%	17.77%	-1.00%	4.93%	6.09%
Deposits related business	-	-	-	-	-	-	15.36B	15.54B	15.59B	16.02B
Deposits related business Growth	-	-	-	-	-	-	-	1.19%	0.33%	2.74%
Correspondent Clearing	-	-	-	110.38B	112.28B	109.11B	103.98B	104.2B	-	-
Correspondent Clearing Growth	-	-	-	-	1.71%	-2.82%	-4.70%	0.21%	-	-
Banking	-	-	-	152.28B	157.42B	174.08B	-	-	-	-
Banking Growth	-	-	-	-	3.37%	10.59%	-	-	-	-

Revenue by Geography

	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
UNITED STATES	434.4B	500.3B	654.9B	792.1B	801.5B	503.8B	562.9B	1.84T	3.58T	3.72T
UNITED STATES Growth	-	15.17%	30.90%	20.95%	1.19%	-37.14%	11.73%	227.15%	94.65%	3.91%
JAPAN	2.29T	1.75T	2T	1.71T	1.68T	2.29T	991.1B	1.1T	2.83T	2.15T
JAPAN Growth	-	-23.60%	14.53%	-14.83%	-1.44%	36.28%	-56.74%	11.46%	155.92%	-23.90%
Asia	428B	367.5B	447.8B	616.5B	610.9B	360.1B	333.2B	791.7B	1.1T	1.21T
Asia Growth	-	-14.14%	21.85%	37.67%	-0.91%	-41.05%	-7.47%	137.61%	38.58%	9.98%
Europe	187.5B	190.7B	197.4B	249.7B	270.4B	188.7B	184.8B	445.9B	803.7B	840.6B
Europe Growth	-	1.71%	3.51%	26.49%	8.29%	-30.21%	-2.07%	141.29%	80.24%	4.59%
Others Countries	-	-	-	-	95.1B	154.5B	41.7B	93.1B	198.5B	246.9B
Others Countries Growth	-	-	-	-	-	62.46%	-73.01%	123.26%	113.21%	24.38%
Other Countries	45.7B	70.3B	64B	66B	-	-	-	-	-	-
Other Countries Growth	-	53.83%	-8.96%	3.13%	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

Mizuho Financial Group, Inc. (MFG) has a price-to-earnings (P/E) ratio of 0.1x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Mizuho Financial Group, Inc. (MFG) grew revenue by 9.5% over the past year. This is steady growth.

Yes, Mizuho Financial Group, Inc. (MFG) is profitable, generating $1.01T in net income for fiscal year 2025 (10.3% net margin).

Dividend & Returns

Yes, Mizuho Financial Group, Inc. (MFG) pays a dividend with a yield of 100.00%. This makes it attractive for income-focused investors.

Mizuho Financial Group, Inc. (MFG) has a return on equity (ROE) of 8.5%. This is below average, suggesting room for improvement.

Industry Metrics

Mizuho Financial Group, Inc. (MFG) has a net interest margin (NIM) of 0.4%. NIM has been under pressure due to interest rate environment.

Mizuho Financial Group, Inc. (MFG) has an efficiency ratio of 27.9%. This is excellent, indicating strong cost control.

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