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How Freedom Holding (FRHC) makes money
Freedom Holding (FRHC) made $733M of revenue in the first quarter fiscal 2027 (Q1 FY27), +40% from a year earlier. Brokerage brought in $283M (39%); Banking brought in $225M (31%); Insurance brought in $151M (21%). Of every dollar of revenue, 6¢ was left as operating profit, 4¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q1 FY27
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Brokerage | $283M | 38.6% | +34% | +60% |
| Banking | $225M | 30.7% | +12% | +54% |
| Insurance | $151M | 20.6% | +251% | -8% |
| Other | $73.9M | 10.1% | +55% | +100% |
Where each dollar of revenue goes
| Line | Q1 FY27 | % of revenue |
|---|---|---|
| Revenue | $733M | 100.0% |
| Operating profit | $40.8M | 5.6% |
| Income tax | $9.2M | 1.3% |
| Net earnings | $31.7M | 4.3% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q1 FY27 | $733M | +40% |
| Q4 FY26 | $503M | +69% |
| Q3 FY26 | $629M | -5% |
| Q2 FY26 | $526M | -10% |
| Q1 FY26 | $524M | +15% |
| Q4 FY25 | $298M | -37% |
| Q3 FY25 | $665M | +59% |
From Freedom Holding's 10-Q filed Aug 10, 2026 (on EDGAR).
Questions
How does Freedom Holding make money?
Freedom Holding (FRHC) made $733M of revenue in the first quarter fiscal 2027 (Q1 FY27), +40% from a year earlier. Brokerage brought in $283M (39%); Banking brought in $225M (31%); Insurance brought in $151M (21%). Of every dollar of revenue, 6¢ was left as operating profit, 4¢ was left as net earnings.
What is Freedom Holding's biggest business?
Brokerage: $283M in the first quarter fiscal 2027, 39% of revenue, +60% from a year earlier.
What is Freedom Holding's profit margin?
Net earnings were $31.7M, 4.3% of revenue, in the first quarter fiscal 2027; the operating margin was 5.6%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.