Freedom Holding Corp
FRHC
$131.58 -0.30%
Exchange: NASDAQ | Sector: Financial Services | Industry: Financial Capital Markets
Q2 2026
Published: Nov 7, 2025

Earnings Highlights

  • Revenue of $526.11M up 21.1% year-over-year
  • Gross margin of 95.1%
  • Net income of 82.25M
  • "Transcript data unavailable in the provided dataset." - N/A
FRHC
Company FRHC

Executive Summary

Freedom Holding Corp (FRHC) reported Q2 2026 revenue of $526.1 million with a gross margin of 95.1%, underscoring a very favorable cost structure or revenue mix. However, operating profitability was effectively non-existent on a reported basis, with operating income of only $5 thousand, as non-operating income drove the bottom line. Net income of $82.3 million delivered a solid net margin of 15.6% and a year-over-year (YoY) net income increase of about 139%, aided by a tax benefit rather than operating leverage. On a cash-flow basis, the company generated strong operating cash flow of $535.3 million and reported free cash flow of $566.1 million, supported by a large accumulation of cash and short-term investments totaling roughly $3.15 billion and a net cash position of about $636 million.

Key Performance Indicators

Revenue
Increasing
526.11M
QoQ: 0.24% | YoY: 21.09%
Gross Profit
Increasing
500.47M
95.13% margin
QoQ: 98.05% | YoY: 65.25%
Operating Income
Decreasing
5.00K
QoQ: -100.00% | YoY: -100.00%
Net Income
Increasing
82.25M
QoQ: 170.60% | YoY: 139.10%

Revenue Trend

Margin Analysis

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q2 2026 526.11 0.00 +21.1% View
Q1 2026 524.86 0.50 +7.1% View
Q3 2025 655.19 1.29 +51.9% View
Q2 2025 506.91 1.90 +69.0% View
Q1 2025 434.48 0.57 +115.2% View