Freedom Holding (FRHC) Gross Margin (2021 - 2025)
Freedom Holding recorded quarterly Gross Margin of 95.97% in Q4 2025, down 1.19% quarter-over-quarter from 97.12% in Q3 2025, and down 262.0% year-over-year from 59.24% in Q4 2024.
Freedom Holding's Gross Margin history runs 5 years deep, the most recent figure standing at 95.97% for Q4 2025.
- In Q4 2025, Gross Margin fell 262.0% year-over-year to 95.97%; the TTM figure through Dec 2025 stood at 96.07% (up 5059.0% YoY), while the FY2025 annual figure was 22.0%, down 7694.0% from the prior year.
- Gross Margin came in at 95.97% for Q4 2025 at Freedom Holding, down from 97.12% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 99.11% in Q3 2024 to a low of 2.69% in Q1 2025.
- A 5-year average of 77.94% and a median of 84.81% in 2021 frame the typical range for Gross Margin.
- Across the five-year window, Gross Margin plunged 1411 bps in 2022 and soared 7946 bps in 2025, its largest moves.
- Freedom Holding's Gross Margin stood at 77.23% in 2021, then decreased by 1 bps to 76.35% in 2022, then grew by 2 bps to 77.7% in 2023, then advanced by 27 bps to 98.59% in 2024, then declined by 3 bps to 95.97% in 2025.
- According to Business Quant data, Gross Margin over the past three periods registered 95.97%, 97.12%, and 97.39% for Q4 2025, Q3 2025, and Q2 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Freedom Holding | 8.88 Bn | 8.01 Bn | 603.27 Mn | 95.97% |
| 2 | Voya Financial | 7.67 Bn | 9.49 Bn | 1.47 Bn | 72.23% |
| 3 | Hilltop Holdings | 2.21 Bn | 2.24 Bn | -2.46 Mn | -211.99% |
| 4 | LendingTree | 507.89 Mn | 422.38 Mn | 88.70 Mn | 27.10% |
| 5 | BRC Group Holdings | 323.63 Mn | 380.44 Mn | 319.70 Mn | 90.81% |
| 6 | Orix | - | - | 5.07 Bn | 86.32% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 95.97% |
| Sep 30, 2025 | 97.12% |
| Jun 30, 2025 | 97.39% |
| Mar 31, 2025 | -2.69% |
| Dec 31, 2024 | 98.59% |
| Sep 30, 2024 | 99.11% |
| Jun 30, 2024 | 17.93% |
| Mar 31, 2023 | 77.70% |
| Dec 31, 2022 | 76.35% |
| Sep 30, 2022 | 79.04% |
| Jun 30, 2022 | 77.97% |
| Mar 31, 2022 | 85.26% |
| Dec 31, 2021 | 77.23% |
| Sep 30, 2021 | 93.14% |
| Jun 30, 2021 | 84.37% |
| Mar 31, 2021 | 92.64% |