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Freedom Holding FRHC Brokerage — Other commission expenses

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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:OtherCommissionExpenses.

The source filing: Freedom Holding’s 10-Q, filed February 9, 2026.

Filed
Feb 9, 2026, 4:25 PM EST
Fiscal quarter
Q3 FY2026
Calendar quarter
Q4 2025
Accession
0000924805-26-000006
Line itemBrokerageBankingInsuranceOtherTotal
Total fee and commission income$132,194$(18,330)$12,225$126,089
Agency fee expense523610,25510,496
Brokerage services10,1892092910,427
Bank services1,5455,891571157,608
Central Depository services393393
Exchange services1,888101,898
Other commission expenses3122,5572,869
Total fee and commission expense$14,332$6,336$10,312$2,711$33,691

Item 1. Unaudited Condensed Consolidated Financial Statements

FAQ

What is Freedom Holding's brokerage — other commission expenses?
Freedom Holding (FRHC) reported brokerage — other commission expenses of $312K in Q4 2025.
How has Freedom Holding's brokerage — other commission expenses changed year-over-year?
Freedom Holding's brokerage — other commission expenses decreased by 48.9% year-over-year, from $611K to $312K.
What is the long-term trend for Freedom Holding's brokerage — other commission expenses?
Over 2 years (2023 to 2025), Freedom Holding's brokerage — other commission expenses has grown at a 21.0% compound annual growth rate (CAGR), from $1.62M to $2.38M.
What does brokerage — other commission expenses mean?
Miscellaneous costs directly related to the commission-based activities of the brokerage segment. This includes minor transaction-related expenses not captured in primary exchange or depository fee categories.

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