FRHC (Freedom Holding) Selling, General, & Admin. Expense: $440 Mil (TTM As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

FRHC Freedom Holding Corp FRHC
80 GF Score
Price $148.91
GF Value $154.77
Valuation Fairly Valued
! 11 Warning Signs
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What is Freedom Holding Selling, General, & Admin. Expense?

Freedom Holding FRHC -7.41% 80 Selling, General, & Admin. Expense is $440 Mil as of Mar. 2026. GuruFocus rates FRHC with a GF Score™ of 80/100 and a GF Value™ of $154.77 (Fairly Valued). The stock has 11 warning signs investors should review.

Selling, general, & admin. expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. Freedom Holding's selling, general, & admin. expense for the three months ended in Mar. 2026 was $99 Mil. Its selling, general, & admin. expense for the trailing twelve months (TTM) ended in Mar. 2026 was $440 Mil.


Freedom Holding  (NAS:FRHC) Selling, General, & Admin. Expense Explanation

An efficient operation keeps SGA costs low and thus has higher profit margin. The percentage of SGA relative to total revenue is an indication of how efficiently the company operates. Compare this percentage among the companies in the same industry is a good way of finding more efficient operations. A comparison of the SGA cost relative to the revenue with the historical value can also be an indication of how efficient the company has become.

Warren Buffett likes companies with consistent SGA as the percentage of gross profit.

Companies with no durable competitive advantage show wild variation in SG&A as % of Gross Profit.

If SGA is less than 30% of Gross Profit, it is fantastic. If SGA is nearing 100%, it is is in highly competitive industry.


Freedom Holding Selling, General, & Admin. Expense Related Terms


Freedom Holding Selling, General, & Admin. Expense Historical Data

* Premium members only.

The historical data trend for Freedom Holding's Selling, General, & Admin. Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Freedom Holding Selling, General, & Admin. Expense Chart

Freedom Holding Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Selling, General, & Admin. Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 55.99 100.33 216.17 375.62 439.95

Freedom Holding Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Selling, General, & Admin. Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 82.56 102.52 99.05 139.36 99.02

FRHC vs VOYA, HTH, TMS: Selling, General, & Admin. Expense Comparison

For the Financial Conglomerates subindustry, Freedom Holding's Selling, General, & Admin. Expense, along with its competitors' market caps and Selling, General, & Admin. Expense data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Freedom Holding Selling, General, & Admin. Expense vs Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Freedom Holding's Selling, General, & Admin. Expense distribution charts can be found below:

* The bar in red indicates where Freedom Holding's Selling, General, & Admin. Expense falls into.


FRHC
80GF Score
Freedom Holding Corp FRHC
Selling, General, & Admin. Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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Freedom Holding Selling, General, & Admin. Expense Calculation

Selling, General, & Admin. Expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. For instance, personnel cost, advertising, rent, communication costs are all part of SGA.

Selling, General, & Admin. Expense for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $440 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Selling, General, & Admin. Expense of $440 Mil mean?
Freedom Holding (FRHC) has a Selling, General, & Admin. Expense of $440 Mil as of Mar. 2026. Selling, general and admin expense is the total cost for direct, indirect, general and administrative activities. View historical data on Freedom Holding and its competitors.
Is Freedom Holding's Selling, General, & Admin. Expense too high?
Freedom Holding's current Selling, General, & Admin. Expense is $440 Mil. Overall, Freedom Holding has a GF Score™ of 80/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Freedom Holding's Selling, General, & Admin. Expense compare to VOYA and HTH?
Freedom Holding's Selling, General, & Admin. Expense of $440 Mil can be compared against companies in the Diversified Financial Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Selling, General, & Admin. Expense for a Diversified Financial Services company?
A good Selling, General, & Admin. Expense depends on the Diversified Financial Services industry context. However, Selling, General, & Admin. Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Selling, General, & Admin. Expense mean?
A high Selling, General, & Admin. Expense can signal that a stock is expensive relative to its fundamentals. Selling, general and admin expense is the total cost for direct, indirect, general and administrative activities. View historical data on Freedom Holding and its competitors. Freedom Holding's current Selling, General, & Admin. Expense is $440 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Freedom Holding stock overvalued right now?
Based on GuruFocus' analysis, Freedom Holding (FRHC) is currently considered Fairly Valued. The stock's GF Value™ is $154.77, compared to a current price of $148.91 — trading 3.8% below its estimated fair value. The current Selling, General, & Admin. Expense is $440 Mil. Freedom Holding's overall GF Score™ is 80/100 with 11 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Selling, General, & Admin. Expense calculated?
Selling, General, & Admin. Expense is calculated from a company's financial statements. For Freedom Holding (FRHC), the current Selling, General, & Admin. Expense is $440 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Freedom Holding (FRHC) Overvalued in 2026?

Based on GuruFocus' analysis, Freedom Holding stock appears to be undervalued. The current stock price of $148.91 is trading 3.8% below its estimated GF Value™ of $154.77. GuruFocus considers Freedom Holding to be Fairly Valued.

Key valuation signals for FRHC:

  • Selling, General, & Admin. Expense: $440 Mil
  • GF Value™: $154.77 vs. price of $148.91 (3.8% below fair value)
  • GF Score™: 80/100 with 11 warning signs

No single metric tells the full story. See the FRHC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Freedom Holding Business Description

Address 40 Wall Street, 58th Floor, New York, NY, USA, 10005
Freedom Holding Corp is a holding company with its subsidiary it is engaged in securities brokerage, securities dealing for customers and account, market-making activities, investment research, investment counseling, investment banking services, retail and commercial banking, insurance products, payment services, and information processing services. It acts as a professional participant through its subsidiaries on the Kazakhstan Stock Exchange (KASE), Moscow Exchange (MOEX), Saint-Petersburg Exchange (SPB), the Ukrainian Exchange, the Uzbek Republican Currency Exchange (UZCE), and the Republican Stock Exchange of Tashkent (UZSE). Its segments are Brokerage, Banking, Insurance, and Others.
80GF Score

Get the complete analysis for FRHC

Selling, General, & Admin. Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$148.91
Price
$154.77
GF Value