AI-extracted from the 10-Q filed 2026-08-10 — Q1 FY2027 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Q1 FY2027 revenue grew 40% YoY to $732.5M, driven by 49% growth in interest income and 46% rise in fee/commission income, though net income declined 15% to $31.7M due to higher expenses.
Biggest Revenue Drivers
Interest income$295.1M+49% YoY
Increase in margin loans to customers (+79%), loans to customers (+32%), and held-to-maturity securities (+230%).
Fee and commission income$156.7M+46% YoY
Higher brokerage services revenue (+60%) from increased retail customer base and institutional commissions.
Biggest Revenue Drivers
Total revenue: $732.5M+40% YoY
Interest income$295.1M+49% YoY
Increase in margin loans to customers (+79%), loans to customers (+32%), and held-to-maturity securities (+230%).
Fee and commission income$156.7M+46% YoY
Higher brokerage services revenue (+60%) from increased retail customer base and institutional commissions.
Net insurance revenue$124.2M-14% YoY
Decrease due to regulatory cap on insurance agent commissions and lower written premiums.
Net gain on trading securities$79.8M+75% YoY
Realized gains from Kazakhstan sovereign and corporate debt sales, plus unrealized gains from fair value increases.
Sales of goods and services$41.5M+141% YoY
Growth from telecommunications sector expansion and increased Arbuz e-commerce order volumes.
Largest Expense Items
Interest expense$177.6M+57% YoY
Growth in customer deposit liabilities (+121%) and debt securities issued; margin lending payable declined.
Insurance claims and policyholder benefits, net of reinsurance$131.6M+102% YoY
Growth of pension annuity business and annuity payments; higher claims under compulsory motor third party liability.
Payroll and bonuses$153.1M+66% YoY
Workforce expansion through new hires and higher salary/bonus compensation.
General and administrative expense$76.2M+82% YoY
Higher communication services, software support, depreciation, charity, IT services, and lease costs.
Margins: Gross operating margin (revenue less direct commissions) remained relatively stable, but net operating margin contracted significantly as payroll, insurance claims, and interest expenses grew faster than revenue. The company is investing heavily in growth while managing regulatory compliance costs.
Watch Items from the Filing
SEC Wells Notice received March 11, 2026 regarding preliminary determination to recommend civil enforcement action; outcome and potential losses cannot be reasonably estimated, creating material uncertainty.
Insurance segment net loss of $19.2M in Q1 (vs. $5.1M profit prior year) driven by regulatory changes capping insurance agent commissions; ongoing regulatory headwind.
Net capital requirements for all subsidiaries totaled $541.9M as of June 30, 2026, with each subsidiary compliant; significant capital tied up in regulated entities limits corporate flexibility.
Acquisition of Turkish Bank A.Ş. (99.32%) completed July 31, 2026 for $33.4M; expansion into new geography post-quarter-end.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
Vogeleer Philippe J.R.Reporting ownerGrant or award · Jun 11, 2026
Williams AmberReporting ownerGrant or award · Jun 11, 2026
About Freedom Holding Corp. (FRHC): stock profile, AI score and financials
Freedom Holding Corp. (FRHC) stock profile, AI quality score, and SEC EDGAR financial data, a Financials sector company. 13F Pro's AI-powered ranking engine scores FRHC at 55.9/100 on a composite quality score built from its SEC filings, placing it at rank #1,192 of 2,925 stocks — the top half of the AI-ranked universe. Areas of concern include earnings quality (1.8) and free cash flow (10.9), which score below median versus the broader universe. Shareholder dilution risk is elevated at 31.0/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q1 2027), Freedom Holding Corp. reports quarterly revenue of $732.5M, net income of $31.7M, an operating margin of 5.6%. Top institutional holders of FRHC by reported 13-F value include BlackRock, STATE STREET, GEODE CAPITAL MANAGEMENT, based on the most recent SEC filings. FRHC trades on the Nasdaq exchange and files with the SEC under CIK 924805. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate FRHC daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Freedom Holding Corp. directly from SEC EDGAR.