Freedom Holding Corp. – NASDAQ listed in the world's fintech ecosystem – entered the summer on a strong note, reporting a record annual revenue and doubling its net profit, while also promoting its European expansion with an application for a banking license in France and seeing the end of the SEC review process. Together, these events strengthen the company's position for continued growth, reduce regulatory uncertainty, and open new opportunities in the European market.
Reporting Strong Results
Freedom Holding Corp. released its Annual Report for the fiscal year ending March 31, 2026, on June 1. According to this document, net income reached a record $2.19 billion, compared to $2.0 billion last year. Total revenue doubled to $153.3 million from $76.2 million in fiscal year 2025. Freedom Holding Corp's earnings per share rose to $2.56 from $1.28 a year ago.
Recorded revenue reflects continued growth across Freedom Holding's diverse ecosystem, which includes finance (brokerage, banking, insurance), lifestyle (ie-commerce, travel, events), and communications segments. According to the company, customer growth was recorded in all categories, with banking customers increasing from 2.52 million to 5.03 million, brokerage customers increasing from 683,000 to 858,000, and customers in other categories increasing from 605,000 to 1.105 million. Statistics show that the group is not only generating more revenue but is also able to successfully scale its customer base and increase cross-selling opportunities throughout its ecosystem with Freedom SuperApp. In March 2026, its monthly active users (MAU) increased to 2.59 million, from 1.02 million in March 2025, a 154% year-over-year increase, while daily active users (DAU) averaged 634,578 compared to 183,000 in March 2025.
These events, combined with regional and global expansion, reinforce each other. “Over the past few years, we have significantly expanded our customer base across brokerages, banks, and insurance by building an integrated digital ecosystem,” said Timur Turlov, Chairman and CEO of Freedom Holding Corp. “At the heart of this growth is our SuperApp, which brings together key financial services, including banking, insurance, and lifestyle services in one application.
Opening a New Chapter
Other notable news was the conclusion of the SEC's investigation of Freedom Holding. As part of the process, the team received a Wells Notice. It is a standard SEC process that gives a company an opportunity to respond before any enforcement decision is made. Now, Freedom Holding Corp. can formally present its response to issues investigated by the US regulator.
Similar notices have previously been received by major financial institutions and public companies, including Tesla, Goldman Sachs and JPMorgan. In most cases, the complete explanations provided by the US regulator are sufficient to resolve the remaining concerns without further action.
So, in 2024, the SEC issued a Wells notice to fintech Robinhood Markets for its crypto business, stating that certain digital assets may qualify as securities requiring dealer registration. Robinhood challenged the SEC's position, and in 2025, the regulator closed the investigation without enforcement action. That same year, the SEC also dropped its case against Coinbase, the largest publicly traded cryptocurrency in the US, without penalty. By 2025, more than 300 companies received Wells notifications.
Continued International Expansion
International expansion remains an important part of Freedom Holding's long-term strategy. The group is actively growing in the domestic market of Kazakhstan and neighboring CIS countries. In addition, Freedom is expanding its business in Turkey, where it has recently applied for a banking license for its trading business. Recently, Freedom also applied for a banking license in France. The group sees this country as an important hub for its wider expansion across the European Union.
As part of its European expansion, the holding plans to allocate 500 million euros to digital banking and the development of local infrastructure, Timur Turlov said in an interview with Reuters. This will significantly expand Freedom's brokerage business in Europe, which operates through the Freedom 24 platform and its subsidiary, Freedom Europe.
“We want to go beyond being a traditional brokerage. The next stage of growth in Europe is not just to expand the traditional trading business, but about building a wider ecosystem around it, starting with banking services,” said the executive director of Freedom Finance Europe, Yevgeniy Tyapkin. He added that the group aims to bring about 50 million customers to its ecosystem.
