Filing Flows › Freedom Holding (FRHC) › Q1 FY27 › vs Q4 FY26
Freedom Holding (FRHC) Q1 FY27 vs Q4 FY26 (quarter over quarter)
Freedom Holding's revenue rose $229M (+46%) from $503M in Q4 FY26 to $733M in Q1 FY27. The biggest changes: Insurance +$108M (+251%); Brokerage +$71.8M (+34%); Other +$26.2M (+55%). Operating margin 5.6% against 6.2% (-0.6 pts).
Freedom Holding, Q1 FY27: revenue $733M (+40% year over year), operating margin 5.6%, net earnings $31.7M, operating cash flow −$342M. The chart draws each line against Q4 FY26, the increases inside each band.
Margins
| Q1 FY27 | Q4 FY26 | Change | |
|---|---|---|---|
| Operating margin | 5.6% | 6.2% | -0.6 pts |
| Net margin | 4.3% | 1.6% | +2.7 pts |
Every line
| Line | Q1 FY27 | Q4 FY26 | Change | % |
|---|---|---|---|---|
| Brokerage | $283M | $211M | $71.8M | +34% |
| Banking | $225M | $202M | $23.5M | +12% |
| Insurance | $151M | $43.0M | $108M | +251% |
| Other | $73.9M | $47.7M | $26.2M | +55% |
| Revenue | $733M | $503M | $229M | +46% |
| Operating profit | $40.8M | $31.0M | $9.8M | +32% |
| Costs & expenses | $692M | $472M | $220M | +47% |
| Pre-tax earnings | $40.8M | $31.0M | $9.8M | +32% |
| Cost of revenue | $35.2M | $25.2M | $10.0M | +40% |
| General & admin | $76.2M | $63.4M | $12.8M | +20% |
| Other operating costs | $580M | $383M | $197M | +51% |
| Net earnings | $31.7M | $8.0M | $23.7M | +297% |
| Income tax | $9.2M | $23.0M | −$13.9M | -60% |
| Operating cash sources | $406M | $1.6B | −$1.2B | -74% |
| Depreciation & amortization | $9.9M | $13.9M | −$4.0M | -29% |
| Share-based compensation | $23.2M | $14.1M | $9.1M | +64% |
| Cash used in operations | $342M | $1.5B | −$1.2B | -78% |
| Working capital & other | $406M | $1.6B | −$1.2B | -74% |
Questions
How much did Freedom Holding's revenue grow quarter over quarter in Q1 FY27?
Freedom Holding's revenue rose $229M (+46%) from $503M in Q4 FY26 to $733M in Q1 FY27.
What drove Freedom Holding's revenue change in Q1 FY27?
Insurance +$108M (+251%); Brokerage +$71.8M (+34%); Other +$26.2M (+55%).