Growth Metrics

Freedom Holding (FRHC) Net Margin (2016 - 2025)

Freedom Holding recorded quarterly Net Margin of 12.13% in Q4 2025, up 64.78% quarter-over-quarter from 7.36% in Q3 2025, and up 37.0% year-over-year from 8.85% in Q4 2024.

Freedom Holding's Net Margin history runs 10 years deep, the most recent figure standing at 12.13% for Q4 2025.

  • In Q4 2025, Net Margin rose 37.0% year-over-year to 12.13%; the TTM figure through Dec 2025 stood at 0.18% (down 1823.0% YoY), while the FY2025 annual figure was 210.77%, up 18826.0% from the prior year.
  • Net Margin came in at 12.13% for Q4 2025 at Freedom Holding, up from 7.36% in the prior quarter.
  • In the past five years, Net Margin ranged from a high of 656.3% in Q2 2024 to a low of 1182.12% in Q1 2025.
  • A 5-year average of 18.58% and a median of 9.24% in 2022 frame the typical range for Net Margin.
  • Across the five-year window, Net Margin soared 6262 bps in 2021 and plunged 120137 bps in 2025, its largest moves.
  • Freedom Holding's Net Margin stood at 3.31% in 2021, then surged by 293 bps to 6.39% in 2022, then sank by 250 bps to 9.6% in 2023, then jumped by 222 bps to 11.76% in 2024, then advanced by 3 bps to 12.13% in 2025.
  • According to Business Quant data, Net Margin over the past three periods registered 12.13%, 7.36%, and 5.7% for Q4 2025, Q3 2025, and Q2 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Net Margin (Qtr)
1 Freedom Holding 8.88 Bn 8.01 Bn 603.27 Mn 12.13%
2 Voya Financial 7.67 Bn 9.49 Bn 1.47 Bn 8.12%
3 Hilltop Holdings 2.21 Bn 2.24 Bn -2.46 Mn 3,366.61%
4 LendingTree 507.89 Mn 422.38 Mn 88.70 Mn 5.28%
5 BRC Group Holdings 323.63 Mn 380.44 Mn 319.70 Mn 63.10%
6 Orix - - 5.07 Bn 1.32%

Historic Data

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DateValue
Dec 31, 2025 12.13%
Sep 30, 2025 7.36%
Jun 30, 2025 5.70%
Mar 31, 2025 -1,182.12%
Dec 31, 2024 11.76%
Sep 30, 2024 19.53%
Jun 30, 2024 656.30%
Mar 31, 2024 19.25%
Mar 31, 2023 -9.60%
Dec 31, 2022 6.39%
Sep 30, 2022 -12.23%
Jun 30, 2022 9.24%
Mar 31, 2022 8.46%
Dec 31, 2021 -3.31%
Sep 30, 2021 64.42%
Jun 30, 2021 41.66%
Mar 31, 2021 29.15%
Sep 30, 2020 33.98%
Jun 30, 2020 42.28%
Mar 31, 2020 -33.47%
Dec 31, 2019 17.05%
Sep 30, 2019 26.57%
Jun 30, 2019 28.08%
Mar 31, 2019 -62.17%
Dec 31, 2018 33.72%
Sep 30, 2018 9.83%
Jun 30, 2018 -92.99%
Mar 31, 2018 -37.07%
Dec 31, 2017 -607.97%
Sep 30, 2017 78.97%
Jun 30, 2017 59.87%
Mar 31, 2017 -119.31%
Dec 31, 2016 -3.45%
Sep 30, 2016 44.80%
Jun 30, 2016 -119.31%