Freedom Holding Corp., a Nasdaq-listed fintech company, has confidently confirmed its status as one of the fastest-growing ecosystems in Eurasia. Recently reported results for the third quarter of fiscal year 2026 showed that the company, while expanding geographically, is successfully converting growth into profit, market capitalization, and the trust of millions of clients.
“For us, expansion is not a chase for flags on a map. We enter new countries only when we understand what real value we can create there for people and the economy,” notes the founder and CEO of the Freedom Holding, Timur Turlov.
Profits backed by results
The quarter’s financials look convincing. Freedom Holding Corp’s revenue grew to $628.6 million, up from $526.1 million in the previous quarter, while net profit nearly doubled – from $38.7 million to $76.2 million. For the nine-month period, revenue reached $1.69 billion, and diluted earnings per share (EPS) amounted to $1.25 for the quarter and $2.38 for the nine months.
“We have always told investors one simple thing: sustainable growth matters more than one-off records. Today’s figures are the result of a long-term strategy,” Turlov emphasizes.
Total assets of the holding as of the end of the third quarter rose to $12.38 billion, which is 25% higher than at the end of the previous fiscal year. Growth was driven both by the expansion of the company’s own investment portfolio and by an increase in client funds held in brokerage accounts.
Ecosystem and economies of scale
One of the key growth drivers remains the ecosystem approach. The total number of clients across companies within Freedom Holding Corp reached 7.2 million. Quarter-on-quarter growth was recorded across all segments: brokerage, insurance, banking, non-financial services, and the Freedom SuperApp, whose audience expanded to 4.3 million users.
Including partner services, the total number of ecosystem users exceeds 11 million.
“When a client uses not just one product, but an entire ecosystem, everyone wins – both the client and the business. We see this in retention metrics and in the growth of average transaction value,” says Timur Turlov.
Geography and the infrastructure of the future
Today, the holding operates in 21 jurisdictions. Over the past year, it obtained a license in the UAE and opened a subsidiary bank in Tajikistan; the opening of a bank in Georgia is planned for the current year. In parallel, the company is considering the acquisition of a bank in Turkey and the possibility of an SPO in Hong Kong.
The funds raised are expected to be directed toward infrastructure projects, including the development of telecom networks and data centers to sell cloud capacity to global players such as Amazon and Microsoft.
“We believe that the next wave of competition will also be for computing power. That’s why we are investing in telecom and data centers today,” Turlov explains.
A separate focus is Kazakhstan as a digital hub of Central Asia. Here, Freedom Holding Corp is participating in the creation of a sovereign artificial intelligence center in partnership with Nvidia and is also developing educational and satellite projects.
Recognition by global markets
Freedom Holding’s growth has also been recognized by international investors. Freedom Holding Corp. shares have been included in the Russell 3000 Index and in the flagship The Motley Fool Moneyball portfolio. Investment giant BlackRock has become the second-largest shareholder of the holding, and S&P has improved its outlook for the group’s companies.
“It is important for us that global investors understand us. This means our growth story is being read not only in New York and London, but also in Asia,” Timur Turlov concludes.
The doubling of profits, growth in assets, and rapid expansion of the client base show that Freedom Holding Corp. is building a large-scale digital ecosystem with an international DNA. And judging by the pace of expansion, this story is only gaining momentum.
