Mizuho Financial (MFG) revenue breakdown
By product, Securities-related business is the largest at 22% of fiscal 2026 revenue; Lending-related business grew fastest, 13% a year over 6 years.
By region, Japan is the largest at 39% of fiscal 2026 revenue; United States grew fastest, 23% a year over 9 years.
Revenue by product
Fiscal years, as Mizuho Financial reports them in its 10-K filings; fiscal 2026 total $1.38T.
| Products | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Share |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Securities-related business | $165.9B | $180.1B | $145.3B | $139.1B | $170.2B | $184.0B | $190.0B | $246.9B | $262.9B | $306.8B | 22% |
| Lending-related business | — | — | — | $142.8B | $158.9B | $163.0B | $193.8B | $232.6B | $252.3B | $299.4B | 22% |
| Fees for other customer services | $136.5B | $130.9B | $157.6B | $170.2B | $169.3B | $178.1B | $163.1B | $181.6B | $214.0B | $252.1B | 18% |
| Trust-related business | $108.9B | $121.8B | $124.8B | $129.3B | $122.2B | $141.4B | $130.6B | $136.8B | $145.3B | $169.2B | 12% |
| Asset management business | $79.4B | $100.8B | $97.9B | $98.7B | $104.8B | $122.0B | $109.4B | $115.5B | $126.7B | $136.5B | 10% |
| Remittance Business | $108.4B | $110.1B | $110.4B | $112.3B | $109.1B | $104.0B | $104.2B | $106.8B | $102.3B | $105.1B | 8% |
| Guarantee-related business | $26.3B | $28.3B | $28.6B | $29.0B | $31.7B | $35.3B | $41.1B | $43.8B | $46.6B | $50.7B | 4% |
| Agency business | $36.0B | $37.4B | $36.5B | $31.9B | $31.3B | $36.9B | $36.5B | $38.3B | $40.7B | $40.7B | 3% |
| Deposits-related business | — | — | — | $14.7B | $15.2B | $15.4B | $15.5B | $15.6B | $16.0B | $15.4B | 1% |
| Banking | $164.6B | $156.4B | $152.3B | — | — | — | — | — | — | — | — |
Revenue by region
Fiscal years, as Mizuho Financial reports them in its 10-K filings; fiscal 2026 total $8.79T.
| Regions | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Share |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Japan | $1.75T | $2.00T | $1.71T | $1.68T | $2.29T | $991.1B | $1.10T | $2.83T | $2.15T | $3.47T | 39% |
| United States | $500.3B | $654.9B | $792.1B | $801.5B | $503.8B | $562.9B | $1.84T | $3.58T | $3.72T | $3.30T | 38% |
| Asia | $367.5B | $447.8B | $616.5B | $610.9B | $360.1B | $333.2B | $791.7B | $1.10T | $1.21T | $1.01T | 11% |
| Europe | $190.7B | $197.4B | $249.7B | $270.4B | $188.7B | $184.8B | $445.9B | $803.7B | $840.6B | $795.6B | 9% |
| Others Countries | $70.3B | $64.0B | $66.0B | $95.1B | $154.5B | $41.7B | $93.1B | $198.5B | $246.9B | $226.2B | 3% |
Questions
Where does Mizuho Financial make its money?
In fiscal 2026, by product: Securities-related business $306.8B, Lending-related business $299.4B, Fees for other customer services $252.1B, Trust-related business $169.2B, Asset management business $136.5B.
From Mizuho Financial's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.