Freedom Holding reports Q1 EPS 50c vs. 57c last year
Q1 Revenue Growth: The company reported a Q1 revenue of $533.42 million, an increase from $455 million the previous year, highlighting the growth and evolution of its business model.
Market Presence and Employee Acknowledgment: CEO Timur Turlov emphasized the expansion of their product portfolio and digital transformation, while also recognizing the contributions of their 10,054 employees across 231 offices globally.
Trade with 70% Backtested Accuracy
Analyst Views on FRHC
About FRHC
About the author


Deal Overview: Freedom Holding Corp has finalized a deal that exclusively involves Turkish Bank A.Ş.
Exclusions: The agreement specifically excludes UK and Cyprus divisions from the transaction.
Acquisition Announcement: Freedom Holding Corp. has announced its intention to acquire a 99.32% stake in Turkish Bank A.Ş.
Strategic Move: This acquisition is part of Freedom Holding's strategy to expand its operations and presence in the Turkish financial market.
- Shift4 Payments Bulk Purchase: Jared Isaacman purchased 296,237 shares of FOUR at $46.11 each for a total of $13.66 million on Friday, indicating confidence in the company's growth while providing investors an opportunity to enter at a lower price.
- Market Reaction Analysis: Despite Isaacman's purchase signaling positivity, FOUR traded down about 1% on Monday, with shares at $43.36, reflecting a 6.0% discount from his purchase price, indicating market caution.
- Freedom Holding Insider Trading: Sergey Lukyanov bought 20,000 shares of FRHC at $120.52 each for a total of $2.41 million on Wednesday, suggesting optimism about the company's future performance.
- Historical Trading Comparison: Prior to this transaction, Lukyanov had purchased FRHC on two other occasions in the past year, totaling $1.98 million at an average price of $157.21, demonstrating his sustained interest and confidence in the stock.
- Significant Asset Growth: As of December 31, 2025, Freedom Holding Corp's total assets reached $12.38 billion, a 25% increase from $9.91 billion at the end of the previous fiscal year, indicating successful expansion of the company's investment portfolio and increased client balances in brokerage accounts, thereby enhancing financial stability.
- Strong Cash Flow Performance: During the nine months ending December 2025, net cash provided by operating activities totaled $1.73 billion, primarily driven by growth in customer funds and a reduction in margin-related balances, demonstrating effective liquidity management by the company.
- Diversified Revenue Streams: Total revenue for the third quarter of 2025 was $628.6 million, with total revenue for the nine-month period amounting to $1.69 billion, sourced from interest income, brokerage and commission revenues, and insurance premiums, reflecting the company's stability amid fluctuating market conditions.
- Customer Base Expansion: The number of banking customers increased from 2.5 million to 4.5 million, while brokerage customers grew by over 20%, supported by expanded digital offerings and the development of the financial ecosystem, indicating the company's sustained competitiveness and customer appeal in the market.
- Significant Asset Growth: As of December 31, 2025, Freedom Holding Corp's total assets reached $12.38 billion, a 25% increase year-over-year, primarily driven by the expansion of the company's investment portfolio and increased client balances in brokerage accounts, thereby enhancing financial stability.
- Strong Cash Flow Performance: For Q3 FY2026, the company reported a net income of $76.2 million with diluted earnings per share of $1.25, indicating sustained profitability under a diversified revenue model, which is expected to further enhance shareholder returns.
- Customer Base Expansion: During the reporting period, the number of banking customers surged from 2.5 million to 4.5 million, an 80% increase, while the brokerage customer base grew by over 20%, demonstrating the company's success in digital service offerings and financial ecosystem development.
- Global Technology Partnerships: Freedom Holding Corp's collaborations with global tech giants like NVIDIA, Amazon, and Microsoft have propelled its SuperApp to become the most downloaded application in Kazakhstan, with plans for expansion into additional markets to strengthen competitive positioning.
- Earnings Per Share: Freedom Holding reported a GAAP EPS of $1.25 for Q3, indicating stability in profitability despite a year-over-year decline, reflecting the company's resilience amid market fluctuations.
- Revenue Decline: The company's revenue for the third quarter was $628.62 million, down 5.4% year-over-year, which may raise investor concerns about future growth, particularly in a competitive environment.
- Customer Growth: As of December 31, 2025, brokerage customers totaled 828,000, an increase of 145,000 over the past nine months, demonstrating the company's success in attracting new clients and enhancing its market share.
- Banking Customer Increase: The number of banking customers rose to 4.5 million, an increase of 2 million, indicating significant success in the company's expansion strategy within the financial services sector, further solidifying its position in the industry.









