Mizuho Financial Group, Inc. (MFG) Revenue History
Annual and quarterly revenue from 2003 to present
MFG Revenue Over Time (2003–2026)
MFG Revenue Growth History
14 of 23 years with positive growth- FY2003 revenue growth
- N/A
- FY2004 revenue growth
- -5.7%
- FY2005 revenue growth
- +109.2%
- FY2006 revenue growth
- -5.2%
- FY2007 revenue growth
- +9.6%
- FY2008 revenue growth
- -16.7%
- FY2009 revenue growth
- -25.2%
- FY2010 revenue growth
- +37.6%
- FY2011 revenue growth
- -12.3%
- FY2012 revenue growth
- +2.3%
- FY2013 revenue growth
- +17.4%
- FY2014 revenue growth
- -1.6%
- FY2015 revenue growth
- +8.4%
- FY2016 revenue growth
- +1.3%
- FY2017 revenue growth
- -3.4%
- FY2018 revenue growth
- -5.0%
- FY2019 revenue growth
- -4.9%
- FY2020 revenue growth
- +5.3%
- FY2021 revenue growth
- +6.5%
- FY2022 revenue growth
- +2.4%
- FY2023 revenue growth
- +6.0%
- FY2024 revenue growth
- +11.3%
- FY2025 revenue growth
- +22.7%
- FY2026 revenue growth
- +30.2%
| Quarter | Revenue | YoY |
|---|---|---|
| Q1 2027 | $1.21T | +36.3% |
| Q4 2026 | $1.17T | +20.4% |
| Q3 2026 | $1.07T | +11.2% |
| Q2 2026 | $1.03T | +9.1% |
| Q1 2026 | $890.23B | -3.8% |
| Q4 2025 | $974.78B | +26.7% |
| Q3 2025 | $964.93B | +26.0% |
| Q2 2025 | $944.50B | +27.4% |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2026)
MFG's revenue distribution by segment and geography for fiscal year 2026
By Product/Segment
By Geography
MFG Revenue Analysis (2003–2026)
Current Revenue & Growth
As of October 5, 2026, Mizuho Financial Group, Inc. (MFG) generated trailing twelve-month (TTM) revenue of $4.49 trillion, reflecting explosive growth of +36.3% year-over-year. The most recent quarter (Q1 2027) recorded $1.21 trillion in revenue, up 3.3% sequentially.
Historical Growth Trajectory
MFG's 5-year compound annual growth rate (CAGR) stands at +14.0%, indicating consistent double-digit revenue growth. The 3-year CAGR of +21.1% exceeds the 5-year average, indicating an acceleration in the most recent period. Mizuho Financial Group, Inc.'s highest annual revenue of $4.75 trillion was recorded in 2026, an all-time high.
Revenue by Segment
MFG's revenue is primarily driven by Securities related business (22%), Lending related business (22%), and Financial Service, Other (18%). 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 MUFG (+17.7% YoY), SMFG (+76.5% YoY), and DB (-16.2% YoY) — MFG has outperformed the peer group in revenue growth. Compare MFG vs MUFG →
MFG Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| MFGCurrent | $4.49T | +36.3% | +14.0% | 18.1% | |
 MUFG | $8.18T | +17.7% | +12.4% | 43.0% | |
 SMFG | $6.05T | +76.5% | +14.7% | 39.5% | |
 DB | $32.1B | -16.2% | +6.0% | 30.3% | |
 BBVA | $36.9B | +10.2% | +10.6% | 43.9% | |
 ING | $23.0B | -1.6% | +5.2% | 39.7% |
MFG Historical Revenue Data (2003–2026)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2026 | $4.75T | +30.2% | $4.64T | 48.9% | $1.72T | 18.1% |
| 2025 | $3.65T | +22.7% | $3.59T | 41.8% | $1.19T | 13.8% |
| 2024 | $2.97T | +11.3% | $2.86T | 36.5% | $955.03B | 12.2% |
| 2023 | $2.67T | +6.0% | $2.58T | 52.8% | $778.96B | 15.9% |
| 2022 | $2.52T | +2.4% | $2.28T | 80.6% | $603.87B | 21.3% |
| 2021 | $2.46T | +6.5% | $2.26T | 78.1% | $652.16B | 22.6% |
| 2020 | $2.31T | +5.3% | $2.14T | 59.6% | $618.72B | 17.2% |
| 2019 | $2.19T | -4.9% | $2.17T | 62.3% | $116.26B | 3.3% |
| 2018 | $2.31T | -5.0% | $2.46T | 78.9% | $799.95B | 25.6% |
| 2017 | $2.43T | -3.4% | $2.38T | 79.2% | $784.19B | 26.1% |
| 2016 | $2.51T | +1.3% | $2.48T | 84.6% | $1.01T | 34.3% |
| 2015 | $2.48T | +8.4% | $2.48T | 87.8% | $990.63B | 35.1% |
| 2014 | $2.29T | -1.6% | $2.40T | 92.2% | $985.37B | 37.9% |
| 2013 | $2.33T | +17.4% | $2.18T | 79.7% | $885.18B | 32.3% |
| 2012 | $1.98T | +2.3% | $2.01T | 83.7% | $662.84B | 27.6% |
MFG Chart Terminal
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Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
23+ years return with dividends reinvested.
Peer Comparison
Compare growth, multiples, and margins vs sector.
MFG — Frequently Asked Questions
Quick answers to the most common questions about buying MFG stock.
Is MFG's revenue growth accelerating or slowing?
MFG revenue growth is accelerating. TTM revenue reached $4.5T, up +36.3% year-over-year — ahead of the 5-year CAGR of +14.0%. This indicates the business is expanding faster than its historical baseline.
What is MFG's revenue history from 2003 to 2026?
Mizuho Financial Group, Inc. (MFG) revenue history spans 2003 to 2026. TTM revenue as of 2026 is $4.5T, growing at +36.3% YoY. The 5-year CAGR is +14.0%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is MFG's long-term revenue growth rate (CAGR)?
Mizuho Financial Group, Inc.'s 5-year revenue CAGR of +14.0% reflects the sustained nature of its business expansion. As of 2026, the current YoY growth rate of +36.3% is above this long-term average. CAGR is the most reliable measure of sustained revenue momentum for MFG.
Why does MFG's quarterly revenue fluctuate?
MFG 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. Mizuho Financial Group, Inc.'s revenue data from 2003 to 2026 shows full historical quarterly detail on this page.
How is MFG's revenue distributed by segment?
MFG 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 MFG's revenue compare to industry peers?
Mizuho Financial Group, Inc. (MFG) with TTM revenue of $4.5T and +36.3% 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.