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Freedom Holding FRHC Brokerage — Fee and commission expense

Other segment segments

Insurance
$5.68M-92.0%
Bank
$5.11M+10.8%
Other
$2.55M+41.3%

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$60M+20.0%
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$55.48M+25.7%
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CBrokerage Commissions — Commissions and fees revenue
$886M+25.9%
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MSBrokerage, clearing and exchange fees
$1.26B+2.8%

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$8.81B+10.6%
Enterprise value$7.89B+24.0%
P/E57.4×
P/S0.0×

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 us-gaap:SalesCommissionsAndFees.

The official record: Freedom Holding’s 10-K, filed June 1, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Freedom Holding's brokerage — fee and commission expense?
Freedom Holding (FRHC) reported brokerage — fee and commission expense of $22.51M in Q1 2026.
How has Freedom Holding's brokerage — fee and commission expense changed year-over-year?
Freedom Holding's brokerage — fee and commission expense increased by 454.9% year-over-year, from $4.06M to $22.51M.
What is the long-term trend for Freedom Holding's brokerage — fee and commission expense?
Over 4 years (2022 to 2026), Freedom Holding's brokerage — fee and commission expense has grown at a -2.4% compound annual growth rate (CAGR), from $67.01M to $60.81M.
What does brokerage — fee and commission expense mean?
The aggregate cost of generating fee and commission income, including exchange fees, clearing costs, and third-party service payments. This represents the direct variable cost of operating the brokerage business.