Timur Turlov’s Freedom Holding Corp. (FRHC) released its financial results for the third quarter of fiscal year 2026 (ended Dec. 31, 2025), revealing $1.688 billion in revenue and $145 million in net profit for the first nine months of the fiscal year. Moreover, the company reported strong growth in key metrics following the more subdued results of the previous quarter.
Key figures
In Q3 alone, the holding reported $628.6 million in revenue, which is significantly higher than the previous quarter’s result of $526.1 million.
Net profit for the quarter amounted to $76.2 million, almost double the second quarter’s result of $38.7 million. Earnings per share (EPS) for the quarter totaled $1.27.
The aggregate performance for the first nine months of fiscal year 2026 (from April to December 2025) was as follows:
- Revenue: $1.688 billion
- Profit before taxes: $195 million
- Net profit: $145.4 million
- EPS: $2.43
Client base growth
The company continues to expand its market presence. As of Sept. 30, 2025, Freedom Holding’s total client base exceeded 6.2 million, with 3.6 million people using banking services, 1.3 million using insurance products, and 776,000 holding brokerage accounts.
This trend continued in the reporting quarter. According to Freedom Holding Corp. CEO Timur Turlov, the company’s client base continued to grow despite external challenges, as its business model has proven sustainable.
«We are maintaining high liquidity and steadily increasing our client base. This is the result of our approach to innovation and a flexible strategy. We are doing everything possible to create long-term value for our clients and shareholders,» Turlov highlighted.
Freedom Holding and its subsidiaries employ more than 11,300 people across 21 countries, including the U.S., Europe and Central Asia.
The current report shows positive dynamics compared to the previous period. In the second quarter of fiscal year 2026 (from July to September 2025), Freedom reported $526.1 million in revenue and $38.7 million in net profit.
At that time, the decline in performance was attributed to lower insurance premiums and losses on derivative instruments. Nevertheless, by the end of the first half of the year (April to September 2025), the company’s total revenue exceeded the $1 billion mark, reaching $1.06 billion. Current data confirms that the holding rebounded, further accelerating profit generation in the third quarter.
