Freedom Holding Corp. (FRHC): History, Ownership, Mission, How It Works & Makes Money

Ever wondered how Freedom Holding Corp. (FRHC), a U.S.-based financial services company with a strong presence in Central Asia and Europe, operates and generates revenue? With a recent surge in Q3 revenue by 57%, reaching $655.2 million for the quarter ended December 31, 2024, and a market capitalization hitting a record $9 billion, it's clear they're making waves in the global financial sector.

But what exactly does this corporation do, who owns it, and what's their mission? This article dives deep into the history, ownership structure, and operational model of Freedom Holding Corp., exploring how it has grown from a regional player to an international force with over 8,200 employees across 22 countries.

From retail brokerage and investment banking to insurance and banking services, discover how Freedom Holding Corp. has diversified its portfolio and expanded its reach, serving over 3.2 million customers and achieving a 66% stock price increase in 2024 alone. Keep reading to uncover the key strategies and milestones that have shaped Freedom Holding Corp.'s success story.

Freedom Holding Corp. (FRHC) History

Freedom Holding Corp.'s Founding Timeline

Year established

Freedom Holding Corp. was established in 2008.

Original location

The company was originally founded in Kazakhstan.

Founding team members

The founder of Freedom Holding Corp. is Timur Turlov.

Initial capital/funding

Information regarding the precise initial capital or funding for Freedom Holding Corp. is not readily available in the provided search results.

Freedom Holding Corp.'s Evolution Milestones

Freedom Holding Corp.'s Transformative Moments

• 2012: Licensing and Launch of Online Trading Platform: Obtaining necessary licenses and launching an online trading platform significantly enhanced accessibility for clients, fostering growth and engagement.
• 2018: NASDAQ Listing: Achieving a listing on the NASDAQ was a transformative moment, boosting the company's credibility and attracting a broader base of international investors.
• 2020-2021: Strategic Acquisitions and Global Expansion: Actively acquiring and integrating various financial services companies to expand product offerings and enter new geographic markets.
• 2022: Rebranding and Focus on Technology: A comprehensive rebranding effort to modernize its image and emphasize technological innovation to meet the demands of the digital age.
• 2023: Divestiture of Russian Assets: The decision to sell the Russian business was a significant strategic shift, allowing the company to focus on other high-growth markets and reduce geopolitical risks.

To gain more insight into the company's guiding principles, explore the Mission Statement, Vision, & Core Values of Freedom Holding Corp. (FRHC).

Freedom Holding Corp. (FRHC) Ownership Structure

Understanding the ownership structure of a company provides valuable insights into its control, governance, and potential alignment of interests between shareholders and management. This section delves into the ownership composition of Freedom Holding Corp., clarifying its current status, major shareholders, and leadership.

Freedom Holding Corp.'s Current Status

Freedom Holding Corp. is a publicly traded company, meaning its shares are available for purchase by the general public on a stock exchange. This allows for a broad base of investors to own a portion of the company and participate in its financial performance.

Freedom Holding Corp.'s Ownership Breakdown

As a publicly traded company, Freedom Holding Corp.'s ownership is distributed among various shareholders. Here's a breakdown of the estimated ownership structure:

Freedom Holding Corp.'s Leadership

The leadership team plays a crucial role in guiding the strategic direction and operational execution of Freedom Holding Corp. Here are some of the key figures:

• Timur Turlov: As of April 2025, Timur Turlov serves as the Chief Executive Officer (CEO).

Understanding Freedom Holding Corp.'s ownership and leadership provides a clearer picture of its governance and strategic direction. For further insights into the company's financial stability, explore Breaking Down Freedom Holding Corp. (FRHC) Financial Health: Key Insights for Investors.

Freedom Holding Corp. (FRHC) Mission and Values

Freedom Holding Corp. aims to provide accessible and reliable financial services, emphasizing innovation and client satisfaction. The company's values center around integrity, professionalism, and a commitment to helping clients achieve their financial goals.

Freedom Holding Corp.'s Core Purpose

Official mission statement

Freedom Holding Corp. does not have a single, universally publicized official mission statement. However, examining their services and public statements reveals a focus on:

• Providing access to financial markets and investment opportunities for a diverse clientele.
• Offering comprehensive financial services, including brokerage, investment banking, and research.
• Leveraging technology to deliver innovative and efficient financial solutions.
• Building long-term relationships with clients based on trust and transparency.

Vision statement

While a specific vision statement isn't formally declared, Freedom Holding Corp.'s actions suggest a vision focused on:

• Becoming a leading global provider of financial services, recognized for innovation and client satisfaction.
• Expanding its presence in key markets and diversifying its service offerings.
• Empowering clients with the knowledge and tools to make informed financial decisions.
• Fostering a culture of excellence and integrity within the organization.

Company slogan/tagline

Currently, there is no widely recognized or actively used official slogan or tagline for Freedom Holding Corp. For detailed insights into the company's financial standing, explore Breaking Down Freedom Holding Corp. (FRHC) Financial Health: Key Insights for Investors.

Freedom Holding Corp. (FRHC) How It Works

Freedom Holding Corp. operates as a financial services firm, providing retail brokerage, investment research, investment banking, and other financial services through its subsidiaries.

Freedom Holding Corp.'s Product/Service Portfolio

Freedom Holding Corp.'s Operational Framework

Freedom Holding Corp. delivers its services through a network of branch offices and online platforms. Key aspects of its operational framework include:

• Client Acquisition: Attracting new clients through marketing, referrals, and partnerships.
• Account Management: Providing ongoing support and services to clients, including account opening, trading assistance, and investment advice.
• Trading and Execution: Executing client orders on various exchanges and markets.
• Research and Analysis: Conducting market research and analysis to provide investment recommendations.
• Compliance and Risk Management: Ensuring compliance with regulatory requirements and managing various risks, including market risk, credit risk, and operational risk.

Freedom Holding Corp.'s Strategic Advantages

Freedom Holding Corp. possesses several strategic advantages that contribute to its market success:

• Geographic Focus: Strong presence in Eastern European and Central Asian markets, providing a competitive edge in these regions.
• Diversified Revenue Streams: Revenue generated from various sources, including brokerage commissions, investment banking fees, and interest income.
• Technology Platform: Investment in online trading platforms and mobile applications to enhance client experience.
• Integrated Service Offering: Offering a comprehensive suite of financial services, including brokerage, investment banking, and wealth management.

To gain more insights into the company's goals, read about the Mission Statement, Vision, & Core Values of Freedom Holding Corp. (FRHC).

Freedom Holding Corp. (FRHC) How It Makes Money

The company primarily generates revenue through the provision of financial services, including retail brokerage, investment banking, insurance, and related activities.

Freedom Holding Corp.'s Revenue Breakdown

The following table provides a breakdown of the company's revenue streams, their percentage of the total revenue, and their growth trend.

Freedom Holding Corp.'s Business Economics

The business economics of the company are influenced by several key factors:

• Market Conditions: Fluctuations in the financial markets directly impact trading volumes and investment activities, influencing commission revenues and investment banking fees.
• Interest Rates: Changes in interest rates affect the profitability of the company's interest-bearing assets and liabilities, impacting net interest income.
• Regulatory Environment: Compliance with financial regulations and changes in regulatory requirements can affect operational costs and business strategies.
• Client Acquisition and Retention: The ability to attract and retain clients is crucial for maintaining and growing assets under management and generating sustainable revenue streams.
• Technological Investments: Investments in technology infrastructure and digital platforms can enhance service delivery, improve operational efficiency, and attract tech-savvy clients.

Freedom Holding Corp.'s Financial Performance

Key aspects of the company's financial performance include:

• For the six months ended September 30, 2023, the company reported total revenues of $766.94 million, an increase of $185.48 million or 31.83%, compared to $581.46 million for the six months ended September 30, 2022.
• Net income for the six months ended September 30, 2023 was $143.54 million, an increase of $30.48 million, compared to a net income of $113.06 million for the six months ended September 30, 2022.
• Basic earnings per share increased from $1.93 to $2.45, while diluted earnings per share increased from $1.91 to $2.42 for the six months ended September 30, 2023, compared to the same period in the prior year.
• As of September 30, 2023, the company had total assets of $7.4 billion and total equity of $1.4 billion.

To gain further insights into the company's core values, refer to: Mission Statement, Vision, & Core Values of Freedom Holding Corp. (FRHC).

Freedom Holding Corp. (FRHC) Market Position & Future Outlook

As of April 2025, Freedom Holding Corp. is strategically positioned within the financial services sector, focusing on expanding its global presence and enhancing its technological infrastructure to serve a growing client base. The company's future outlook involves capitalizing on emerging market opportunities while navigating regulatory challenges and competitive pressures.

Competitive Landscape

Opportunities & Challenges

Industry Position

Freedom Holding Corp. holds a unique position in the financial services industry, characterized by:

• A strong foothold in the Eastern European and Central Asian markets, providing a competitive edge in these regions.
• An integrated platform that offers a wide array of services, including brokerage, investment banking, asset management, and insurance.
• A focus on leveraging technology to enhance customer experience and operational efficiency.

For more in-depth information about the company's core values, check out: Mission Statement, Vision, & Core Values of Freedom Holding Corp. (FRHC).