Nomura Holdings, Inc. (NMR) fundamental analysis — strengths, weaknesses & financial health based on data analysis
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Nomura Holdings, Inc. (NMR) stock price & volume — 10-year historical chart
Nomura Holdings, Inc. (NMR) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Nomura Holdings, Inc. (NMR) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 24, 2026 | $0.16vs $0.21-23.8% | $3.6Bvs $3.5B+4.9% |
| Q1 2026 | Jan 30, 2026 | $0.18vs $0.24-25.0% | $3.5Bvs $3.3B+6.9% |
| Q4 2025 | Nov 7, 2025 | $0.22vs $0.17+29.4% | $7.2B |
| Q3 2025 | Jul 29, 2025 | $0.24vs $0.25-5.1% | $7.7Bvs $3.1B+149.2% |
Nomura Holdings, Inc. (NMR) competitors in Investment Banking and M&A Advisory — business model, growth, and fundamentals comparison
Nomura Holdings, Inc. (NMR) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Nomura Holdings, Inc. (NMR) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Interest Income | 110.49B | 58.62B | 129.82B | 141.1B | 54.11B | -36.46B | 25.56B | 83.6B | -2.59T | 77.14B |
| NII Growth % | -14.16% | -46.95% | 121.47% | 8.69% | -61.65% | -167.38% | 170.11% | 227.06% | -3198.9% | 1172.46% |
| Net Interest Margin % | 0.27% | 0.14% | 0.3% | 0.33% | 0.12% | -0.08% | 0.05% | 0.15% | -4.14% | 0.13% |
| Interest Income | 585.67B | 776.96B | 794.47B | 356.47B | 284.22B | 1.11T | 2.62T | 2.93T | 0 | 2.68T |
| Interest Expense | 475.19B | 718.35B | 664.65B | 215.36B | 230.11B | 1.15T | 2.6T | 2.84T | 2.59T | 2.6T |
| Loan Loss Provision | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Non-Interest Income | 1.19T | 949.22B | 942.98B | 1.06T | 1.09T | 1.18T | 1.35T | 1.58T | 4.76T | 1.68T |
| Non-Interest Income % | 66.93% | 54.99% | 54.27% | 74.79% | 79.31% | 51.45% | 34.04% | 35.03% | 100% | 38.59% |
| Total Revenue | 1.77T▲ 0% | 1.73T▼ 2.5% | 1.74T▲ 0.7% | 1.41T▼ 18.6% | 1.37T▼ 2.9% | 2.3T▲ 67.1% | 3.97T▲ 73.0% | 4.51T▲ 13.4% | 4.76T▲ 5.6% | 4.36T▲ 0% |
| Revenue Growth % | 11.51% | -2.52% | 0.65% | -18.61% | -2.85% | 67.13% | 73.04% | 13.42% | 5.59% | -11.41% |
| Non-Interest Expense | 967.45B | 1.05T | 824.54B | 968.11B | 917.09B | 995.5B | 1.1T | 1.19T | 1.63T | 1.23T |
| Efficiency Ratio | 54.63% | 60.57% | 47.46% | 68.46% | 66.75% | 43.36% | 27.79% | 26.41% | 34.21% | 28.14% |
| Operating Income | 328.16B▲ 0% | -37.7B▼ 111.5% | 248.26B▲ 758.5% | 230.67B▼ 7.1% | 226.62B▼ 1.8% | 149.47B▼ 34.0% | 273.85B▲ 83.2% | 471.96B▲ 72.3% | 539.82B▲ 14.4% | 532.95B▲ 0% |
| Operating Margin % | 18.53% | -2.18% | 14.29% | 16.31% | 16.5% | 6.51% | 6.89% | 10.47% | 11.34% | 12.22% |
| Operating Income Growth % | 1.66% | -111.49% | 758.5% | -7.09% | -1.75% | -34.04% | 83.21% | 72.34% | 14.38% | - |
| Pretax Income | 328.16B▲ 0% | -37.7B▼ 111.5% | 248.26B▲ 758.5% | 230.67B▼ 7.1% | 226.62B▼ 1.8% | 149.47B▼ 34.0% | 273.85B▲ 83.2% | 471.96B▲ 72.3% | 539.82B▲ 14.4% | 532.95B▲ 0% |
| Pretax Margin % | 18.53% | -2.18% | 14.29% | 16.31% | 16.5% | 6.51% | 6.89% | 10.47% | 11.34% | 12.22% |
| Income Tax | 103.87B | 57.01B | 28.89B | 70.27B | 80.09B | 57.8B | 96.63B | 124.71B | 165.44B | 151.57B |
| Effective Tax Rate % | 31.65% | -151.22% | 11.64% | 30.47% | 35.34% | 38.67% | 35.29% | 26.42% | 30.65% | 28.44% |
| Net Income | 219.34B▲ 0% | -100.44B▼ 145.8% | 217B▲ 316.0% | 153.12B▼ 29.4% | 143B▼ 6.6% | 92.79B▼ 35.1% | 165.86B▲ 78.8% | 340.74B▲ 105.4% | 362.13B▲ 6.3% | 370.05B▲ 0% |
| Net Margin % | 12.39% | -5.82% | 12.49% | 10.83% | 10.41% | 4.04% | 4.17% | 7.56% | 7.61% | 8.48% |
| Net Income Growth % | -8.46% | -145.79% | 316.04% | -29.44% | -6.61% | -35.11% | 78.76% | 105.43% | 6.28% | 34.75% |
| Net Income (Continuing) | 224.29B | -94.71B | 219.37B | 160.4B | 146.53B | 91.68B | 177.22B | 347.25B | 374.38B | 381.38B |
| EPS (Diluted) | 61.90▲ 0% | -29.90▼ 148.3% | 66.20▲ 321.4% | 48.63▼ 26.5% | 45.23▼ 7.0% | 29.74▼ 34.2% | 52.75▲ 77.4% | 111.03▲ 110.5% | 118.99▲ 7.2% | 122.54▲ 0% |
| EPS Growth % | -5.71% | -148.3% | 321.4% | -26.54% | -6.99% | -34.25% | 77.37% | 110.48% | 7.17% | 36.32% |
| EPS (Basic) | 63.13 | -29.90 | 67.76 | 50.11 | 46.68 | 30.86 | 54.97 | 115.30 | 123.08 | - |
| Diluted Shares Outstanding | 3.54B | 3.36B | 3.28B | 3.15B | 3.16B | 3.11B | 3.14B | 3.07B | 3.04B | 3.02B |
Nomura Holdings, Inc. (NMR) balance sheet — assets, liabilities & shareholders' equity
| Line item | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Short Term Investments | 2.96T | 3.26T | 3.87T | 4.16T | 3.64T | 4.52T | 5.15T | 5.51T | 5.01T | 88.99T |
| Cash & Due from Banks | 2.96T | 3.26T | 3.87T | 4.16T | 3.64T | 4.52T | 5.15T | 5.51T | 4.3T | 6.83T |
| Short Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 709.64B | 27.82T |
| Total Investments | 3.72T | 3.78T | 3.97T | 4.14T | 4.79T | 5.19T | 6.78T | 7.56T | 2.13T | 8.19T |
| Investments Growth % | 6.51% | 1.79% | 4.93% | 4.23% | 15.77% | 8.37% | 30.61% | 11.52% | -71.83% | 59.56% |
| Long-Term Investments | 10.74T | 10.4T | 17.83T | 16.66T | 16.28T | 5.19T | 6.78T | 7.56T | 1.42T | -16.94T |
| Accounts Receivables | 442.34B | 449.71B | 541.28B | 459.09B | 417.66B | 379.91B | 453.94B | 410.72B | 470.34B | 443.13B |
| Goodwill & Intangibles | 99.45B | 19.79B | 17.78B | 29.04B | 30.01B | 36.19B | 38.39B | 73.34B | 0 | 75.97B |
| Goodwill | 78.52B | 474M | 472M | 13.14B | 14.41B | 17.64B | 19.26B | 17.2B | 0 | 0 |
| Intangible Assets | 20.93B | 19.32B | 17.31B | 15.89B | 15.6B | 18.56B | 19.13B | 56.15B | 0 | 75.97B |
| PP&E (Net) | 338.98B | 349.37B | 440.51B | 464.45B | 419.05B | 464.32B | 448.79B | 436.45B | 543.85B | 442.28B |
| Other Assets | 99.45B | 5.19T | -5.2T | -5.52T | -15.56B | 36.02T | 41T | 41.52T | 1.6T | 39.9T |
| Total Current Assets | 23.93T | 25T | 6.14T | 5.41T | 5.12T | 6.04T | 6.86T | 7.18T | 59.08T | 39.55T |
| Total Non-Current Assets | 16.66T | 15.97T | 13.1T | 11.82T | 16.73T | 41.73T | 48.29T | 49.62T | 3.56T | 20.82T |
| Total Assets | 40.59T▲ 0% | 40.97T▲ 0.9% | 44T▲ 7.4% | 42.52T▼ 3.4% | 43.41T▲ 2.1% | 47.77T▲ 10.0% | 55.15T▲ 15.4% | 56.8T▲ 3.0% | 62.65T▲ 10.3% | 60.37T▲ 0% |
| Asset Growth % | -5.28% | 0.93% | 7.4% | -3.37% | 2.11% | 10.04% | 15.44% | 3% | 10.29% | 15.87% |
| Return on Assets (ROA) | 0.53% | -0.25% | 0.51% | 0.35% | 0.33% | 0.2% | 0.32% | 0.61% | 0.61% | 0.63% |
| Accounts Payable | 1.18T | 1.23T | 1.47T | 1.45T | 1.52T | 1.36T | 1.31T | 1.38T | 1.6T | 2.05T |
| Total Debt | 23.3T | 24.21T | 26.52T | 23.3T | 23.48T | 26.15T | 30.96T | 31.35T | 17.3T | 31.79T |
| Net Debt | 20.34T | 20.95T | 22.65T | 19.14T | 19.41T | 21.63T | 25.81T | 25.83T | 13T | 24.96T |
| Long-Term Debt | 7.8T | 8.33T | 8.49T | 8.37T | 9.65T | 10.73T | 12.85T | 13.77T | 15.54T | 14.78T |
| Short-Term Debt | 15.5T | 15.88T | 17.84T | 14.73T | 13.62T | 15.23T | 17.93T | 17.41T | 1.75T | 16.85T |
| Other Liabilities | 3.27T | 2.83T | 3.06T | 3.76T | 3.57T | 3.76T | 5.5T | 5.35T | 1.81T | 5.57T |
| Total Current Liabilities | 26.48T | 27.12T | 29.52T | 27.42T | 27.02T | 29.76T | 33.08T | 33.82T | 41.43T | 36.13T |
| Total Non-Current Liabilities | 11.06T | 11.17T | 11.75T | 12.34T | 13.42T | 14.79T | 18.62T | 19.4T | 17.36T | 20.63T |
| Total Liabilities | 37.79T | 38.29T | 41.27T | 39.76T | 40.44T | 44.55T | 51.7T | 53.22T | 58.79T | 56.76T |
| Total Equity | 2.8T▲ 0% | 2.68T▼ 4.3% | 2.73T▲ 1.9% | 2.76T▲ 0.9% | 2.97T▲ 7.8% | 3.22T▲ 8.5% | 3.45T▲ 7.0% | 3.58T▲ 3.8% | 3.85T▲ 7.6% | 3.61T▲ 0% |
| Equity Growth % | -1.55% | -4.25% | 1.88% | 0.92% | 7.85% | 8.45% | 6.96% | 3.84% | 7.65% | 20.17% |
| Equity / Assets (Capital Ratio) | 6.9% | 6.54% | 6.21% | 6.48% | 6.85% | 6.75% | 6.25% | 6.3% | 6.15% | 5.98% |
| Return on Equity (ROE) | 7.77% | -3.67% | 8.02% | 5.58% | 4.99% | 2.99% | 4.97% | 9.69% | 9.74% | 10.24% |
| Book Value per Share | 790.11 | 797.96 | 833.59 | 875.80 | 941.15 | 1035.27 | 1096.67 | 1167.80 | 1266.67 | 1194.94 |
| Tangible BV per Share | 762.04 | 792.07 | 828.16 | 866.58 | 931.65 | 1023.64 | 1084.46 | 1143.88 | 1266.67 | 1169.79 |
| Common Stock | 594.49B | 594.49B | 594.49B | 594.49B | 594.49B | 594.49B | 594.49B | 594.49B | 594.49B | 594.49B |
| Additional Paid-in Capital | 675.28B | 687.76B | 683.23B | 696.12B | 697.51B | 707.19B | 708.78B | 704.88B | 706.26B | 681.97B |
| Retained Earnings | 1.7T | 1.49T | 1.65T | 1.53T | 1.61T | 1.65T | 1.71T | 1.87T | 2.01T | 1.98T |
| Accumulated OCI | -59.36B | -29.05B | -26.11B | -38.14B | 127.97B | 318.45B | 459.98B | 447.81B | 548.22B | 404.4B |
| Treasury Stock | -157.99B | -108.97B | -243.6B | -91.25B | -112.36B | -118.57B | -118.8B | -143.68B | -155.09B | -171.49B |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Nomura Holdings, Inc. (NMR) cash flow — operating, investing & free cash flow history
| Line item | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | -445.69B | -361.17B | -15.94B | 665.77B | -862.83B | -694.82B | 132.64B | -678.61B | -842.96B | -842.96B |
| Operating CF Growth % | -134.15% | 18.96% | 95.59% | 4275.94% | -229.6% | 19.47% | 119.09% | -611.62% | -24.22% | 0% |
| Net Income | 224.29B | -94.71B | 219.37B | 160.4B | 146.53B | 91.68B | 177.22B | 347.25B | 374.38B | 370.05B |
| Depreciation & Amortization | 71.58B | 57.92B | 63.58B | 63.85B | 59.52B | 61.42B | 61.34B | 61.65B | 68.27B | 0 |
| Deferred Taxes | 60.26B | 21.57B | -23.91B | -21.11B | 3.11B | 6.14B | -312M | 11.56B | 0 | 0 |
| Other Non-Cash Items | -209.99B | 77.49B | -82.41B | -49.41B | -224.94B | -435.61B | -41.01B | -25.47B | -59.57B | -416.63B |
| Working Capital Changes | -601.48B | -445.24B | -205.26B | 483.8B | -874.99B | -453.66B | -116.11B | -1.11T | -1.23T | 0 |
| Cash from Investing | -56.17B | -112.5B | 216.34B | -139.03B | -593.18B | -233.22B | -887.94B | -848.65B | -1.5T | 0 |
| Purchase of Investments | -61M | -3.28T | -2.36B | -9.18B | -115.21B | -75.5B | -156.93B | -322.45B | -8.9T | 0 |
| Sale/Maturity of Investments | 81.57B | 29.97B | 13.32B | 44.91B | 205.53B | 301.07B | 177.09B | 154.39B | 7.95T | 0 |
| Net Investment Activity | 81.5B | -3.25T | 10.96B | 35.73B | 90.32B | 225.57B | 20.16B | -168.06B | -953.13B | 0 |
| Acquisitions | -13.13B | 262.91B | -2.48B | -11.15B | 0 | 16.95B | -457M | 8.14B | -275B | 0 |
| Other Investing | 160.61B | 3.2T | 414.6B | -43.73B | -572.17B | -304.58B | -761.85B | -498.76B | -151.66B | 0 |
| Cash from Financing | 373.17B | 761.19B | 332.06B | -269.93B | 1.11T | 1.28T | 1.01T | 1.68T | 2.1T | 0 |
| Dividends Paid | -70.2B | -47.48B | -58.42B | -76.36B | -70.71B | -57.26B | -60.16B | -112.54B | -179.74B | 0 |
| Share Repurchases | -109.1B | -51.71B | -150.01B | -11M | -39.65B | -24.73B | -61.03B | -59.01B | -101.5B | 0 |
| Stock Issued | 764M | 313M | 285M | 215M | 11M | 4M | 953M | 1.41B | 422M | 0 |
| Net Stock Activity | -108.33B | -51.4B | -149.72B | 204M | -39.64B | -24.72B | -60.08B | -57.59B | -101.08B | 0 |
| Debt Issuance (Net) | 1000K | 1000K | -1000K | -1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 0 |
| Other Financing | -13.25B | 257.78B | 578.85B | 420.81B | 361.29B | 341.89B | 116.79B | 748.75B | 828.23B | 0 |
| Net Change in Cash | -182.2B▲ 0% | 332.26B▲ 282.4% | 505.18B▲ 52.0% | 317.7B▼ 37.1% | -193.6B▼ 160.9% | 504.44B▲ 360.6% | 478.17B▼ 5.2% | 126.42B▼ 73.6% | -106.72B▼ 184.4% | 0▲ 0% |
| Exchange Rate Effect | -53.5B | 44.74B | -27.28B | 60.88B | 149.69B | 148.55B | 220.62B | -26.02B | 139.31B | 0 |
| Cash at Beginning | 2.54T | 2.35T | 2.69T | 3.19T | 3.51T | 3.32T | 3.82T | 4.3T | 4.43T | 0 |
| Cash at End | 2.35T | 2.69T | 3.19T | 3.51T | 3.32T | 3.82T | 4.3T | 4.43T | 4.32T | 0 |
| Interest Paid | 473.76B | 700.86B | 677.16B | 222.02B | 225.68B | 1.1T | 2.51T | 2.88T | 0 | 0 |
| Income Taxes Paid | 49.45B | 27.2B | 55.59B | 35.67B | 114.62B | 94.26B | 26.05B | 93.92B | 0 | 0 |
| Free Cash Flow | -730.85B▲ 0% | -680.25B▲ 6.9% | -222.69B▲ 67.3% | 545.89B▲ 345.1% | -974.16B▼ 278.5% | -865.99B▲ 11.1% | -13.14B▲ 98.5% | -868.58B▼ 6508.2% | -1.2T▼ 37.8% | 0▲ 0% |
| FCF Growth % | -173.67% | 6.92% | 67.26% | 345.14% | -278.45% | 11.1% | 98.48% | -6508.2% | -37.79% | 100% |
Nomura Holdings, Inc. (NMR) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | 7.77% | -3.67% | 8.02% | 5.58% | 4.99% | 2.99% | 4.97% | 9.69% | 9.74% | 10.24% |
| Return on Assets (ROA) | 0.53% | -0.25% | 0.51% | 0.35% | 0.33% | 0.2% | 0.32% | 0.61% | 0.61% | 0.63% |
| Net Interest Margin | 0.27% | 0.14% | 0.3% | 0.33% | 0.12% | -0.08% | 0.05% | 0.15% | -4.14% | 0.13% |
| Efficiency Ratio | 54.63% | 60.57% | 47.46% | 68.46% | 66.75% | 43.36% | 27.79% | 26.41% | 34.21% | 28.14% |
| Equity / Assets | 6.9% | 6.54% | 6.21% | 6.48% | 6.85% | 6.75% | 6.25% | 6.3% | 6.15% | 5.98% |
| Book Value / Share | 790.11 | 797.96 | 833.59 | 875.8 | 941.15 | 1.04K | 1.1K | 1.17K | 1.27K | 1.19K |
| NII Growth | -14.16% | -46.95% | 121.47% | 8.69% | -61.65% | -167.38% | 170.11% | 227.06% | -3198.9% | 110.44% |
| Dividend Payout | 32% | - | 26.92% | 49.87% | 49.45% | 61.71% | 36.27% | 33.03% | 49.63% | 0% |
Nomura Holdings, Inc. (NMR) stock FAQ — growth, dividends, profitability & financials explained
Nomura Holdings, Inc. (NMR) grew revenue by 5.6% over the past year. This is steady growth.
Yes, Nomura Holdings, Inc. (NMR) is profitable, generating $370.05B in net income for fiscal year 2026 (7.6% net margin).
Yes, Nomura Holdings, Inc. (NMR) pays a dividend with a yield of 4.79%. This makes it attractive for income-focused investors.
Nomura Holdings, Inc. (NMR) has a return on equity (ROE) of 9.7%. This is below average, suggesting room for improvement.
Nomura Holdings, Inc. (NMR) has a net interest margin (NIM) of -4.1%. NIM has been under pressure due to interest rate environment.
Nomura Holdings, Inc. (NMR) has an efficiency ratio of 34.2%. This is excellent, indicating strong cost control.
Nomura Holdings, Inc. (NMR) financial analysis — history, returns, DCA and operating performance tools
Analyst verdict, bull/bear case, risk factors and peer comparison
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates