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Freedom Holding Corp. key statistics and ratios

In fiscal 2026, Freedom Holding Corp. had return on equity of 11.3% and a net margin of 7.0%. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2011Mar 20112012Mar 20122013Mar 20132014Mar 20142015Mar 20152016Mar 20162017Mar 20172018Mar 20182019Mar 20192020Mar 20202021Mar 20212022Mar 20222023Mar 20232024Mar 20242025Mar 20252026Mar 2026LTMJun 2026
Net margin———————34.8%9.6%29.8%43.1%33.0%25.7%23.0%3.8%7.0%6.5%
Return on equity2.2%−116.0%−26.9%—−11.0%−3.8%−1.7%22.5%5.8%20.1%73.7%54.8%30.8%39.1%6.4%11.3%10.2%
Return on assets1.5%−76.9%−11.9%−16.4%−0.4%−10.8%−0.9%8.5%2.1%6.2%11.7%8.5%4.9%5.7%0.8%1.3%1.1%
Effective tax rate—————————17.0%15.4%10.6%18.1%13.8%27.2%32.1%31.7%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Moat

67 /100

Moderate moat

How hard Freedom Holding's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 20 / 20

    Net income has been a median 4.1% of total assets over 9 years.

  • Durability 10 / 20

    Net margin has been a median 22.6%; its worst year was 3.8%.

  • Discipline 14 / 20

    The diluted share count rose 9.6% over five years; stock-based pay has been a median 1.5% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (72 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Compare with peers

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Figures from Freedom Holding Corp.'s SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Freedom Holding Corp.