Filing Flows › Freedom Holding (FRHC) › Q4 FY26 › vs Q4 FY25
Freedom Holding (FRHC) Q4 FY26 vs Q4 FY25 (year over year)
Freedom Holding's revenue rose $205M (+69%) from $298M in Q4 FY25 to $503M in Q4 FY26. Operating margin 6.2% against -54.9% (+61.1 pts).
Freedom Holding, Q4 FY26: revenue $503M (+69% year over year), operating margin 6.2%, net earnings $8.0M, operating cash flow −$1.5B. The chart draws each line against Q4 FY25, the increases inside each band.
Margins
| Q4 FY26 | Q4 FY25 | Change | |
|---|---|---|---|
| Operating margin | 6.2% | -54.9% | +61.1 pts |
| Net margin | 1.6% | -50.5% | +52.1 pts |
Every line
| Line | Q4 FY26 | Q4 FY25 | Change | % |
|---|---|---|---|---|
| Revenue | $503M | $298M | $205M | +69% |
| Operating profit | $31.0M | −$164M | $195M | — |
| Costs & expenses | $472M | $462M | $9.9M | +2% |
| Pre-tax earnings | $31.0M | −$164M | $195M | — |
| Cost of revenue | $25.2M | $12.4M | $12.9M | +104% |
| General & admin | $63.4M | $27.3M | $36.1M | +132% |
| Other operating costs | $383M | $423M | −$39.1M | -9% |
| Net earnings | $8.0M | −$151M | $159M | — |
| Income tax | $23.0M | −$13.1M | $36.1M | — |
| Operating cash sources | $1.6B | −$1.5B | $3.0B | — |
| Depreciation & amortization | $13.9M | $4.4M | $9.4M | +212% |
| Share-based compensation | $14.1M | $23.5M | −$9.4M | -40% |
| Cash used in operations | $1.5B | −$1.3B | $2.9B | — |
| Working capital & other | $1.6B | −$1.5B | $3.0B | — |
Questions
How much did Freedom Holding's revenue grow year over year in Q4 FY26?
Freedom Holding's revenue rose $205M (+69%) from $298M in Q4 FY25 to $503M in Q4 FY26. Operating margin 6.2% against -54.9% (+61.1 pts).