Nomura Holdings, Inc. (NMR) Revenue History
Annual and quarterly revenue from 2015 to 2026
Compound Annual Growth Rate (CAGR)
Loading revenue history...
NMR Revenue Growth
Revenue Breakdown (FY 2025)
NMR's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
NMR Revenue Analysis (2015–2026)
As of May 8, 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 +27.5%, indicating outstanding long-term growth trajectory. The company achieved its highest annual revenue of $4.76 trillion in 2026, 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 MS, GS, and UBS. Compare NMR vs MS →
NMR Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| NMRCurrent | $4.36T | -6.7% | +27.5% | 11.3% | |
 MS | $103.1B | - | - | 17.1% | |
 GS | $126.9B | - | - | 14.5% | |
 UBS | $59.1B | - | - | 11.9% | |
 DB | $60.9B | - | - | 16.0% | |
 MUFG | $12.43T | - | - | 20.5% |
NMR Historical Revenue Data (2015–2026)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2026 | $4.76T | - | $2.17T | 45.6% | $539.82B | 11.3% |
| 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% |
Full NMR Stock Analysis
Analyst consensus, bull case, AI-generated risk factors, and peer comparison — all in one place.
See NMR's True Return
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorIs NMR Undervalued?
DCF intrinsic value, peer multiples, and analyst estimates — see what the stock is really worth.
View ValuationCompare NMR vs BRK-A
Side-by-side business, growth, and profitability comparison vs Berkshire Hathaway Inc..
Start ComparisonNMR — Frequently Asked Questions
Quick answers to the most common questions about buying NMR stock.
Is NMR's revenue growth accelerating or slowing?
NMR revenue declined -6.7% year-over-year, contrasting with the 5-year CAGR of +27.5%. 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 +27.5% 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 2015-2026 are available for download. Segment mix reveals concentration and diversification trends.