Freedom Holding Corp. Reports $2.19 Billion in Revenue for Fiscal Year 2026, Driven by Trading Gains and Customer Growth

Freedom Holding Corp. reported total revenues of $2.19 billion for the fiscal year ended March 31, 2026, an increase of 9% from $2.00 billion in the prior fiscal year. This growth was primarily driven by a 2% increase in interest income, reaching $882.5 million, and a significant 375% surge in net gains on trading securities, which totaled $158.8 million. The company also saw a substantial 143% increase in sales of goods and services, amounting to $97.4 million, reflecting its expansion into the telecommunications sector. However, net insurance revenue experienced a 29% decrease, falling to $402.4 million, largely due to lower written premiums and increased deferred profit liability issuance expenses.

The company's strategic focus on expanding its digital fintech ecosystem and geographic reach has led to notable operational developments. As of March 31, 2026, Freedom Holding Corp. served approximately 858,000 retail brokerage customers, an increase from 683,000 in the previous year. The banking segment experienced significant customer growth, with Freedom Bank KZ reporting 5.03 million bank customers, more than doubling from 2.52 million in the prior year. This expansion is supported by a workforce of 11,846 employees across 22 countries, with a notable increase in payroll and bonuses by 48% to $426.5 million, reflecting workforce growth and increased compensation.

Freedom Holding Corp. has actively pursued strategic acquisitions and business expansions to bolster its digital fintech ecosystem. In fiscal year 2026, the company acquired Freedom Cloud Holding (formerly Astel Group Ltd.) to enhance its telecommunications business in Kazakhstan. Additionally, Freedom Holding Corp. entered into an agreement to acquire approximately 99.32% of Turkish Bank A.S., signaling a strategic move into the Turkish market. The company also continues to develop its telecommunications and media businesses in Kazakhstan, which are currently in a developmental stage and are expected to incur losses in the near term.

Looking ahead, Freedom Holding Corp. anticipates continued growth driven by its integrated digital ecosystem and cross-selling capabilities. The company expects its expanding customer base to positively impact future revenue generation and operational efficiencies. However, management acknowledges potential risks associated with managing this growth, including increased customer liabilities, intensified competition, and a heightened regulatory burden. The company also plans to finance significant capital expenditures for its telecommunications business and a potential AI data center project through a combination of internal funds and external financing.