Freedom Holding (FRHC) Operating Expenses (2010 - 2025)

Freedom Holding's Operating Expenses history runs 16 years deep, the most recent figure standing at $534.7 million for Q4 2025.

• In Q4 2025, Operating Expenses fell 5.58% year-over-year to $534.7 million; the TTM figure through Dec 2025 stood at $2.0 billion (up 9.01% YoY), while the FY2025 annual figure was $1.9 billion, up 57.4% from the prior year.
• Operating Expenses came in at $534.7 million for Q4 2025 at Freedom Holding, up from $465.6 million in the prior quarter.
• In the past five years, Operating Expenses ranged from a high of $566.2 million in Q4 2024 to a low of $66.4 million in Q2 2021.
• A 5-year average of $285.4 million and a median of $266.3 million in 2023 frame the typical range for Operating Expenses.
• Across the five-year window, Operating Expenses jumped 1048.06% in 2021 and declined 5.58% in 2025, its largest moves.
• Freedom Holding's Operating Expenses stood at $67.3 million in 2021, then soared by 141.64% to $162.5 million in 2022, then surged by 88.91% to $307.0 million in 2023, then jumped by 84.44% to $566.2 million in 2024, then fell by 5.58% to $534.7 million in 2025.
• According to Business Quant data, Operating Expenses over the past three periods registered $534.7 million, $465.6 million, and $492.9 million for Q4 2025, Q3 2025, and Q2 2025 respectively.

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