Freedom Holding (FRHC) Operating Expenses (2010 - 2026)
Freedom Holding (FRHC) posted quarterly Operating Expenses of $472.1 million for Q1 2026, up 2.13% year-over-year from $462.3 million in Q1 2025, and down 11.7% sequentially from $534.7 million in Q4 2025.
Freedom Holding (FRHC) Operating Expenses (2010 - 2026) Analysis & Trends
Freedom Holding has disclosed Operating Expenses across 17 years of filings, most recently posting $472.1 million for Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses rose 2.13% year-over-year to $472.1 million; the trailing twelve-month figure through Mar 2026 stood at $2.0 billion (up 3.46% YoY), and the FY2026 full-year result was $2.0 billion, up 3.46% from the prior year.
- Operating Expenses was $472.1 million for Q1 2026 at Freedom Holding, down from $534.7 million in the prior quarter.
- Over five years, Operating Expenses peaked at $566.2 million in Q4 2024 and troughed at $118.3 million in Q3 2022.
- The 5-year median for Operating Expenses is $368.8 million (2024), against an average of $340.7 million.
- Year-over-year, Operating Expenses surged 154.43% in 2023 and dropped 5.58% in 2025.
- Year by year, Operating Expenses stood at $162.5 million in 2022, then soared by 88.91% to $307.0 million in 2023, then surged by 84.44% to $566.2 million in 2024, then retreated by 5.58% to $534.7 million in 2025, then retreated by 11.7% to $472.1 million in 2026.
- Per Business Quant, the three latest FRHC Operating Expenses figures stand at $472.1 million (Q1 2026), $534.7 million (Q4 2025), and $465.6 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Voya Financial | 8.51 Bn | 10.33 Bn | 1.47 Bn | 848.00 Mn |
| 2 | Freedom Holding | 8.34 Bn | 7.37 Bn | -1.62 Bn | 472.12 Mn |
| 3 | Hilltop Holdings | 2.27 Bn | 2.30 Bn | -2.46 Mn | 248.30 Mn |
| 4 | LendingTree | 511.07 Mn | 425.56 Mn | 88.70 Mn | 296.15 Mn |
| 5 | BRC Group Holdings | 276.39 Mn | 333.20 Mn | 319.70 Mn | 199.13 Mn |
| 6 | BRC Group Holdings | - | - | 319.70 Mn | 199.13 Mn |
| 7 | BRC Group Holdings | - | - | 319.70 Mn | 199.13 Mn |
| 8 | BRC Group Holdings | - | - | 319.70 Mn | 199.13 Mn |
| 9 | Orix | - | - | 5.07 Bn | 5.31 Bn |
| 10 | Voya Financial | - | - | 1.47 Bn | 848.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 472.12 Mn |
| Dec 31, 2025 | 534.68 Mn |
| Sep 30, 2025 | 465.62 Mn |
| Jun 30, 2025 | 492.91 Mn |
| Mar 31, 2025 | 462.27 Mn |
| Dec 31, 2024 | 566.25 Mn |
| Sep 30, 2024 | 457.65 Mn |
| Jun 30, 2024 | 413.40 Mn |
| Mar 31, 2024 | 368.78 Mn |
| Dec 31, 2023 | 307.02 Mn |
| Sep 30, 2023 | 300.89 Mn |
| Jun 30, 2023 | 231.63 Mn |
| Mar 31, 2023 | 161.92 Mn |
| Dec 31, 2022 | 162.52 Mn |
| Sep 30, 2022 | 118.26 Mn |
| Jun 30, 2022 | 120.51 Mn |
| Mar 31, 2022 | 155.78 Mn |
| Dec 31, 2021 | 67.26 Mn |
| Sep 30, 2021 | 76.41 Mn |
| Jun 30, 2021 | 66.43 Mn |