Filing Flows › Freedom Holding (FRHC) › Q4 FY26
Freedom Holding (FRHC) Q4 FY26 earnings results (fourth quarter fiscal 2026)
10-K filed Jun 1, 2026
Freedom Holding (FRHC) reported revenue of $503M for the fourth quarter fiscal 2026 (Q4 FY26), +69% from a year earlier and -20% from the quarter before. Operating margin was 6.2%, net earnings $8.0M (1.6% of revenue).
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 follows the revenue to costs, profit and cash.
| Q4 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $503M | -20% | +69% |
| Operating profit | $31.0M | -67% | — |
| Net earnings | $8.0M | -90% | — |
| Operating cash flow | −$1.5B | -316% | -216% |
What changed
Revenue was $503.1M in Q4 FY26, up 69% year over year and down 20% from the previous quarter. Brokerage was the largest line at 42% of revenue.
Operating profit was $31.0M, a 6.2% margin (up 61.1 points year over year). Total costs grew 2% against revenue growth of 69%. The fastest-growing cost line was General & admin (+132%). Net earnings were $8.0M. The effective tax rate was 74.3%.
Operating cash flow was −$1,548.7M. Non-cash charges added back $13.9M of depreciation and amortization and $14.1M of share-based compensation. Working capital and other items used $1,584.7M. Capital expenditures of $23.0M exceeded it, leaving free cash flow of −$1,571.7M.
Questions
What was Freedom Holding's revenue in the fourth quarter fiscal 2026?
Freedom Holding (FRHC) reported revenue of $503M for the fourth quarter fiscal 2026 (Q4 FY26), +69% from a year earlier and -20% from the quarter before.
Was Freedom Holding profitable in the fourth quarter fiscal 2026?
Operating profit was $31.0M (6.2% of revenue) and net earnings $8.0M.
Source: Freedom Holding 10-K on SEC EDGAR.