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Freedom Holding FRHC Brokerage — Exchange services

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Other financials

Income statement

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Revenue$503.1M+68.6%
Gross profit$477.9M+67.1%
Net income$8.0M
EPS (diluted)$0.13

Balance sheet

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Cash & equivalents$966.1M-41.3%
Total debt$48.8M+20.5%
Total equity$1.5B+21.6%
Total assets$13.2B+32.7%

Cash flow

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Operating cash flow$717.8M
CapEx$23.0M-15.8%
Free cash flow-$1.6B-220%

Valuation

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Market cap$9.52B-18.2%
Enterprise value$8.6B-14.1%
P/E62.1×
P/S4.3×-1.2×

Profitability

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Gross margin96.4%-2.1pp
Operating margin-28%
Net margin7%
FCF margin-0.6%

Returns & leverage

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Return on equity11.3%
Debt / equity0.0×
Current ratio

Where this comes from

Reported directly by Freedom Holding in its filing.

Tagged under the XBRL concept frhc:ExchangeServicesExpense.

The source filing: Freedom Holding’s 10-K, filed June 1, 2026.

Filed
Jun 1, 2026, 4:21 PM EDT
Fiscal year
FY2026
Accession
0000924805-26-000012
Line itemBrokerageBankingInsuranceOtherTotal
Total fee and commission income$514,305$(72,696)$48,156$489,765
Agency fee expense19211122,981123,211
Brokerage services45,580295215946,036
Bank services6,69823,64936541431,126
Exchange services6,3031696,472
Central Depository services1,3231,323
Other commission expenses8869,51110,397
Total fee and commission expense60,80924,155123,34810,253218,565

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FAQ

What is Freedom Holding's brokerage — exchange services?
Freedom Holding (FRHC) reported brokerage — exchange services of $4.01M in Q1 2026.
How has Freedom Holding's brokerage — exchange services changed year-over-year?
Freedom Holding's brokerage — exchange services increased by 1455.0% year-over-year, from $258K to $4.01M.
What is the long-term trend for Freedom Holding's brokerage — exchange services?
Over 3 years (2023 to 2026), Freedom Holding's brokerage — exchange services has grown at a 37.7% compound annual growth rate (CAGR), from $2.41M to $6.3M.
What does brokerage — exchange services mean?
Expenses related to fees paid to stock exchanges for listing, trading, and accessing market data. These are essential costs for maintaining the ability to execute trades on behalf of clients.

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