Filing Flows › Freedom Holding (FRHC) › Q3 FY26
Freedom Holding (FRHC) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Feb 9, 2026
Freedom Holding (FRHC) reported revenue of $629M for the third quarter fiscal 2026 (Q3 FY26), -5% from a year earlier and +19% from the quarter before. Operating margin was 14.9%, net earnings $76.2M (12.1% of revenue).
Freedom Holding, Q3 FY26: revenue $629M (-5% year over year), operating margin 14.9%, net earnings $76.2M, operating cash flow $718M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $629M | +19% | -5% |
| Operating profit | $93.9M | +55% | -4% |
| Net earnings | $76.2M | +97% | -2% |
| Operating cash flow | $718M | +34% | — |
| Free cash flow | $652M | +43% | — |
What changed
Revenue was $628.6M in Q3 FY26, down 5% year over year and up 19% from the previous quarter. Banking was the largest line at 37% of revenue. Insurance lost $68.0M year over year (down 34%), 189% of the total change.
Operating profit was $93.9M, a 14.9% margin (up 0.1 points year over year). Total costs fell 6% while revenue fell 5%. The fastest-growing cost line was Cost of revenue (+170%). Net earnings were $76.2M, down 3% year over year. The effective tax rate was 18.9%.
Operating cash flow was $717.8M, 942% of net earnings. Non-cash charges added back $8.3M of depreciation and amortization and $15.4M of share-based compensation. Working capital and other items added $617.9M. Capital expenditures of $66.1M left free cash flow of $651.7M.
Questions
What was Freedom Holding's revenue in the third quarter fiscal 2026?
Freedom Holding (FRHC) reported revenue of $629M for the third quarter fiscal 2026 (Q3 FY26), -5% from a year earlier and +19% from the quarter before.
Was Freedom Holding profitable in the third quarter fiscal 2026?
Operating profit was $93.9M (14.9% of revenue) and net earnings $76.2M.
Source: Freedom Holding 10-Q on SEC EDGAR.