Freedom Holding (FRHC) revenue breakdown
By segment, Brokerage is the largest at 38% of fiscal 2026 revenue; Bank grew fastest, 69% a year over 4 years.
By region, Kazakhstan is the largest at 84% of fiscal 2026 revenue; Armenia grew fastest, 1220% a year over 3 years.
Revenue by segment
Fiscal years, as Freedom Holding reports them in its 10-K filings; fiscal 2026 total $2.2B.
| Segments | 2022 | 2023 | 2024 | 2025 | 2026 | Share |
|---|---|---|---|---|---|---|
| Brokerage | $396M | $385M | $622M | $717M | $832M | 38% |
| Bank | $84M | $245M | $616M | $506M | $689M | 31% |
| Insurance | $105M | $173M | $326M | $637M | $498M | 23% |
| Other | $105M | -$5M | $84M | $144M | $173M | 8% |
Revenue by region
Fiscal years, as Freedom Holding reports them in its 10-K filings; fiscal 2026 total $2.2B.
| Regions | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Share |
|---|---|---|---|---|---|---|---|---|
| Kazakhstan | — | $140M | $223M | $568M | $1.5B | $1.7B | $1.8B | 84% |
| Armenia | — | — | — | $79,000 | $43M | $182M | $182M | 8% |
| Cyprus | — | — | — | $215M | $118M | $69M | $154M | 7% |
| Other | — | — | — | $2M | $2M | $5M | $14M | 1% |
| United states | $236,000 | $9M | $9M | $13M | $13M | $44M | $3M | 0% |
| Europe, excluding Eastern Europe | $64M | $198M | $458M | — | — | — | — | — |
| Russia | $39M | — | — | — | — | — | — | — |
| Central Asia | $19M | — | — | — | — | — | — | — |
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Where does Freedom Holding make its money?
In fiscal 2026, by segment: Brokerage $832M, Bank $689M, Insurance $498M, Other $173M.
From Freedom Holding's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.