11 Million Users and Counting: Freedom Holding Corp. Accelerates Expansion
Freedom Holding Corp. has surpassed 11 million users, marking a new milestone in the company’s ongoing growth. The Nasdaq-listed fintech group continues to expand its international footprint, increase revenues, and invest heavily in its digital ecosystem. These strategic efforts are driving rapid customer acquisition and strengthening the company’s position across financial, telecommunications, and lifestyle services.
New Client Milestone Achieved
In its latest quarterly filing for the third quarter of fiscal year 2026 (ended December 31, 2025), Freedom Holding reported record user growth. The total figure includes customers of partner companies operating within its broader digital ecosystem, which centers on brokerage, banking, and insurance services and extends into payments, money transfers, e-ticketing, travel, online marketplaces, telecom, and media — all accessible through the Freedom SuperApp.
A closer look at the numbers shows that companies directly within the holding served 7.2 million customers, reflecting expansion across all key segments during the quarter:
- Brokerage: 828,000 accounts, an increase of 145,000 quarter-over-quarter
- Insurance: 1.2 million clients, up by 8,000
- Banking: 4.5 million users, a surge of nearly 2 million during the quarter
- Freedom SuperApp: 4.3 million users, up by 1.2 million
- Non-financial services: 697,000 customers, an increase of 92,000
These figures highlight strong cross-segment momentum and growing engagement within the company’s integrated ecosystem.
Financial Performance Strengthens
The expanding client base translated into improved financial performance. Quarterly revenue climbed to $628.6 million, compared with $526.1 million in the previous quarter. Net income rose sharply to $76.2 million, nearly double the $38.7 million recorded previously.
For the first nine months of the fiscal year, total revenue reached $1.69 billion. Diluted earnings per share were $1.25 for the quarter and $2.38 for the nine-month period.
Total assets increased to $12.38 billion by the end of the third quarter, up 25% from $9.91 billion at the close of the prior fiscal year. The growth was largely driven by an expanded proprietary investment portfolio and higher brokerage client balances.
Laying the Foundation for Future Growth
Freedom Holding expects continued acceleration as it broadens operations across new markets and industries.
The company plans to launch a bank in Georgia this year, while CEO Timur Turlov has also announced plans to acquire a bank in Turkey. These initiatives are intended to significantly expand the group’s geographic reach.
In Kazakhstan, the company is pursuing ambitious telecom and infrastructure projects. These include developing a sovereign artificial intelligence center in partnership with Nvidia, backed by a $2 billion investment and 100 MW capacity. Freedom Holding is also rolling out SpaceX’s Starlink satellite broadband nationwide. In collaboration with OpenAI and the Kazakh government, the company is implementing ChatGPT Edu across the country’s education system. Additionally, investments in advanced data centers aim to deliver cloud services to global clients such as Amazon and Microsoft, provide telecom solutions to government institutions, and supply computing capacity across various industries.
To finance these initiatives, Freedom Holding plans to raise between $300 million and $500 million through U.S. bond issuances, with potential additional yuan-denominated bonds in Hong Kong. The company has already conducted investor roadshows to assess market demand.
With expanding infrastructure, diversified services, and accelerating user growth, Freedom Holding Corp. continues to position itself for long-term expansion in both established and emerging markets.
