AUS
NZ
UK
CA
USA
IND
Freedom Holding Corp. now serves 7.2 million clients, reflecting steady growth in its core financial businesses. The Nasdaq-listed fintech continues to expand across multiple regions and strengthen its integrated ecosystem of financial, telecom, and lifestyle services.
Inside the Client Base
Freedom Holding Corp. disclosed updated operational metrics in its latest report for the third quarter of fiscal year 2026, ended December 31, 2025* . The 7.2 million clients represent customers across brokerage, banking, and insurance operations, which are the group’s core financial businesses.
Thus, the brokerage of Freedom Holding division counted 828,000 client accounts, up 145,000 (more than 20%) from the previous quarter. Insurance companies served 1.2 million clients, up by 8,000. Banking services showed the fastest expansion, reaching 4.5 million users, nearly 2 million more than in the prior period. "We continue to develop our digital ecosystem by integrating traditional brokerage and banking with everyday consumer services. This ecosystem supports a wide range of use cases, from daily purchases such as groceries and tickets to transactions involving complex investment instruments. The strategy we adopted several years ago - to build a trusted operating environment rather than a simple marketplace - is delivering results. More than 7 million customers now use our platform," said Timur Turlov, CEO of Freedom Holding Corp.
Partner services within Freedom’s broader digital ecosystem - including payments, travel services, marketplaces, media, and telecommunications products integrated into the Freedom SuperApp - significantly expand overall user reach,
Stronger Results on Higher Activity
Increased customer engagement led to strong financial results for the third quarter. Revenue increased from $526.1 million in the previous quarter to $628.6 million. For the first nine months of the fiscal year, revenue totalled $1.69 billion. Diluted earnings per share amounted to $1.25 for the quarter and $2.38 for the nine-month period.
During the nine-month period, net cash provided by operating activities was driven primarily by growth in customer funds held in brokerage accounts and by a reduction in margin-related balances.
The growth was fuelled by the expansion of the company's proprietary investment portfolio and an increase in client brokerage account balances.
New Markets, New Clients
Freedom Holding expects continued client growth as it develops multiple business lines and expands geographically. The group, already providing financial services in 21 countries, continues to enter new markets. The company is about to launch a bank in Georgia. Management has also indicated interest in acquiring a financial institution in Turkey. Each new jurisdiction serves as an additional client acquisition channel.
In addition to expanding geographically, the holding is actively building digital infrastructure. Major telecommunications projects in Kazakhstan, such as a $2 billion sovereign AI center with Nvidia and SpaceX’s Starlink broadband satellite internet, as well as educational initiatives with OpenAI and commercial data center development, are expected to attract new audiences, enhance internal connectivity and effectiveness, and support future business growth in the country.
The idea, according to Timur Turlov, is not just to offer a portfolio of services that follows the market trends, but to become a full-fledged digital infrastructure that contributes to the development of society and the state.
The content has been authored in collaboration with our guest contributor, Daniel Harper.
References:
https://www.bloomberg.com/news/articles/2026-02-02/kazakhstan-billionaire-turlov-weighs-dollar-yuan-debt-sales-to-fund-growth
https://www.reuters.com/business/finance/freedom-holding-considers-hk-share-offering-part-growth-plans-ceo-says-2026-02-09/
https://freedom24.com/news/20400-freedom-holding-corp-1.7-billion-revenue-9-months-2026
