Nomura Holdings, Inc. (NMR) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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Revenue Growth Metrics
Revenue Breakdown (FY 2025)
NMR's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
NMR Revenue Analysis (2014–2025)
As of March 2, 2026, Nomura Holdings, Inc. (NMR) generated trailing twelve-month (TTM) revenue of $4.36 trillion, reflecting moderate decline in growth of -6.7% year-over-year. The most recent quarter (Q2 2026) recorded $1.11 trillion in revenue, up 0.2% sequentially.
Looking at the longer-term picture, NMR's 5-year compound annual growth rate (CAGR) stands at +21.0%, indicating outstanding long-term growth trajectory. The company achieved its highest annual revenue of $4.51 trillion in 2025, representing a new all-time high.
Revenue diversification analysis shows NMR's business is primarily driven by Brokerage Commissions (78%), and Other Commissions (22%). With over half of revenue concentrated in Brokerage Commissions, the company maintains significant focus in this area while developing other growth vectors.
When compared to Financial Services sector peers including GS, MS, and EVR. Compare NMR vs GS →
Peer Comparison
Compare NMR's revenue metrics with industry peers
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| NMRCurrent | $4.36T | -6.7% | +21.0% | 10.5% | |
| GS | $126.9B | - | - | 14.5% | |
| MS | $103.1B | - | - | 17.1% | |
| EVR | $3.0B | - | - | 17.8% | |
| JEF | $10.8B | - | - | 6.3% | |
| PIPR | $1.5B | - | - | 14.7% |
Historical Revenue Data
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $4.51T | - | $1.66T | 36.9% | $471.96B | 10.5% |
| 2024 | $3.97T | - | $1.38T | 34.7% | $273.85B | 6.9% |
| 2023 | $2.30T | - | $1.14T | 49.9% | $149.47B | 6.5% |
| 2022 | $1.37T | - | $1.14T | 83.3% | $226.62B | 16.5% |
| 2021 | $1.41T | - | $1.20T | 84.8% | $230.67B | 16.3% |
| 2020 | $1.74T | - | $1.07T | 61.7% | $248.26B | 14.3% |
| 2019 | $1.73T | - | $1.01T | 58.4% | $-37,701,000,000 | -2.2% |
| 2018 | $1.77T | - | $1.30T | 73.2% | $328.16B | 18.5% |
| 2017 | $1.59T | - | $1.28T | 80.3% | $322.80B | 20.3% |
| 2016 | $1.57T | - | $1.24T | 79.1% | $165.16B | 10.6% |
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Start ComparisonFrequently Asked Questions
Is NMR's revenue growth accelerating or slowing?
NMR revenue declined -6.7% year-over-year, contrasting with the 5-year CAGR of +21.0%. TTM revenue fell to $4.4T. This reverses the prior growth trend.
What is NMR's long-term revenue growth rate?
Nomura Holdings, Inc.'s 5-year revenue CAGR of +21.0% reflects the variable expansion pattern. Current YoY growth of -6.7% is below this long-term average.
How is NMR's revenue distributed by segment?
NMR 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.