Freedom Holding (FRHC) Operating Margin (2016 - 2025)
Freedom Holding recorded quarterly Operating Margin of 10.91% in Q4 2025, up 26.6% quarter-over-quarter from 8.62% in Q3 2025, and down 247.0% year-over-year from 7.42% in Q4 2024.
Freedom Holding's Operating Margin history runs 7 years deep, the most recent figure standing at 10.91% for Q4 2025.
- In Q4 2025, Operating Margin fell 247.0% year-over-year to 10.91%; the TTM figure through Dec 2025 stood at 21.18% (up 2463.0% YoY), while the FY2025 annual figure was 4809.63%, down 483470.0% from the prior year.
- Operating Margin came in at 10.91% for Q4 2025 at Freedom Holding, up from 8.62% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 106.27% in Q1 2023 to a low of 7901.63% in Q2 2024.
- A 5-year average of 732.95% and a median of 12.15% in 2022 frame the typical range for Operating Margin.
- Across the five-year window, Operating Margin slumped 5570 bps in 2022 and jumped 790662 bps in 2025, its largest moves.
- Freedom Holding's Operating Margin stood at 23.0% in 2021, then plunged by 98 bps to 0.4% in 2022, then surged by 26591 bps to 106.27% in 2023, then slumped by 87 bps to 13.38% in 2024, then dropped by 18 bps to 10.91% in 2025.
- According to Business Quant data, Operating Margin over the past three periods registered 10.91%, 8.62%, and 4.99% for Q4 2025, Q3 2025, and Q2 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Freedom Holding | 8.88 Bn | 8.01 Bn | 603.27 Mn | 10.91% |
| 2 | Voya Financial | 7.67 Bn | 9.49 Bn | 1.47 Bn | 28.02% |
| 3 | Hilltop Holdings | 2.21 Bn | 2.24 Bn | -2.46 Mn | -21,635.89% |
| 4 | LendingTree | 507.89 Mn | 422.38 Mn | 88.70 Mn | 9.51% |
| 5 | BRC Group Holdings | 323.63 Mn | 380.44 Mn | 319.70 Mn | 43.44% |
| 6 | Orix | - | - | 5.07 Bn | 9.76% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 10.91% |
| Sep 30, 2025 | 8.62% |
| Jun 30, 2025 | 4.99% |
| Mar 31, 2025 | -4,156.79% |
| Dec 31, 2024 | 13.38% |
| Sep 30, 2024 | 21.03% |
| Jun 30, 2024 | -7,901.63% |
| Mar 31, 2023 | 106.27% |
| Dec 31, 2022 | 0.40% |
| Sep 30, 2022 | 13.38% |
| Jun 30, 2022 | 8.12% |
| Mar 31, 2022 | -6.53% |
| Dec 31, 2021 | 23.00% |
| Sep 30, 2021 | 69.08% |
| Jun 30, 2021 | 30.89% |
| Mar 31, 2021 | 27.67% |
| Mar 31, 2017 | 265.05% |
| Dec 31, 2016 | -3.51% |
| Sep 30, 2016 | -1.66% |
| Jun 30, 2016 | -24.14% |