Kazakhstan was Freedom Holding’s largest region in fiscal 2024, bringing in $615.87M of $802.31M (77%).
| Geography | FY 2020 | FY 2021 | FY 2023 | FY 2024 |
|---|---|---|---|---|
| Kazakhstan | — | $813.62M | $615.87M | |
| Cyprus | — | $452.36M | $115.88M | |
| Europe, Excluding Eastern Europe | $197.65M | — | — | |
| Central Asia & Eastern Europe | $140.14M | — | — | |
| Europe | — | — | — | |
| Armenia | — | $79.00K | $43.13M | |
| Central Asia | — | — | — | |
| United States | — | — | $24.21M | |
| Us | $9.09M | $21.34M | — | |
| Other | — | $4.68M | $3.22M | |
| Total | $346.88M | $1.29B | $802.31M |
Freedom Holding brought in $802.31M from its five regions in fiscal 2024, the year ended March 31, 2024. Freedom Holding regrouped these regions after fiscal 2023, so the total does not compare directly with that year's $1.29B. Kazakhstan was the largest at $615.87M (76.8%), ahead of Cyprus at $115.88M (14.4%) and Armenia at $43.13M (5.4%). The other two regions brought in $27.43M combined.
Compared with fiscal 2023, Armenia grew fastest, up 54,497.5% to $43.13M, while Cyprus fell the most, down 74.4% to $115.88M.
Freedom Holding began breaking out Kazakhstan in fiscal 2023, Cyprus in fiscal 2023, Armenia in fiscal 2023 and United States in fiscal 2024. Freedom Holding stopped reporting Europe, Excluding Eastern Europe ($197.65M in fiscal 2021), Central Asia & Eastern Europe ($140.14M in fiscal 2021) and Us ($21.34M in fiscal 2023) as separate regions.
Freedom Holding (FRHC) reports its revenue by geography. In fiscal 2024, Kazakhstan was its largest region, bringing in $615.87M (76.8% of the total), followed by Cyprus at $115.88M (14.4%).
Kazakhstan was Freedom Holding's largest region in fiscal 2024, bringing in $615.87M, or 76.8% of the $802.31M total across its five regions.
Every figure comes from Freedom Holding's annual financial filings, as reported. Each line keeps the name Freedom Holding gives it, and years follow its fiscal calendar.
Freedom Holding's revenue by geography goes back to fiscal 2020, with figures through fiscal 2024. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.