Nomura Holdings (FRA:NSE) Total Operating Expense: €7,841 Mil (TTM As of Jun. 2026)

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FRA:NSE Nomura Holdings Inc FRA:NSE
56 GF Score
Price €8.71
GF Value €7.19
Valuation Modestly Overvalued
! 6 Warning Signs
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What is Nomura Holdings Total Operating Expense?

Nomura Holdings FRA:NSE -2.44% 56 Total Operating Expense is €7,841 Mil as of Jun. 2026. GuruFocus rates FRA:NSE with a GF Score™ of 56/100 and a GF Value™ of €7.19 (Modestly Overvalued). The stock has 6 warning signs investors should review.

Nomura Holdings's Total Operating Expense for the three months ended in Jun. 2026 was €2,046 Mil. Nomura Holdings's Total Operating Expense for the trailing twelve months (TTM) ended in Jun. 2026 was €7,841 Mil.

Nomura Holdings Total Operating Expense Related Terms

Nomura Holdings Total Operating Expense Historical Data

* Premium members only.

The historical data trend for Nomura Holdings's Total Operating 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.

Nomura Holdings Total Operating Expense Chart

Nomura Holdings Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Total Operating Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7,452.03 7,135.26 6,957.98 7,218.53 7,661.43

Nomura Holdings Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Total Operating 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 1,848.19 1,832.21 1,926.60 2,036.19 2,046.21
FRA:NSE
56GF Score
Nomura Holdings Inc FRA:NSE
Total Operating Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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Nomura Holdings Total Operating Expense Calculation

Total Operating Expense is the primary recurring expense associated with central operations that are incurred in order to generate sales.


Total Operating Expense for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €7,841 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 Total Operating Expense of €7,841 Mil mean?
Nomura Holdings (FRA:NSE) has a Total Operating Expense of €7,841 Mil as of Jun. 2026. Total operating expense is the primary recurring expense associated with central operations. View historical data on Nomura Holdings and its competitors.
Is Nomura Holdings' Total Operating Expense too high?
Nomura Holdings' current Total Operating Expense is €7,841 Mil. Overall, Nomura Holdings has a GF Score™ of 56/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nomura Holdings' Total Operating Expense compare to MS and GS?
Nomura Holdings' Total Operating Expense of €7,841 Mil can be compared against companies in the Capital Markets industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Total Operating Expense for a Capital Markets company?
A good Total Operating Expense depends on the Capital Markets industry context. However, Total Operating 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 Total Operating Expense mean?
A high Total Operating Expense can signal that a stock is expensive relative to its fundamentals. Total operating expense is the primary recurring expense associated with central operations. View historical data on Nomura Holdings and its competitors. Nomura Holdings's current Total Operating Expense is €7,841 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nomura Holdings stock overvalued right now?
Based on GuruFocus' analysis, Nomura Holdings (FRA:NSE) is currently considered Modestly Overvalued. The stock's GF Value™ is €7.19, compared to a current price of €8.71 — trading 21.1% above its estimated fair value. The current Total Operating Expense is €7,841 Mil. Nomura Holdings' overall GF Score™ is 56/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Operating Expense calculated?
Total Operating Expense is calculated from a company's financial statements. For Nomura Holdings (FRA:NSE), the current Total Operating Expense is €7,841 Mil as of Jun. 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 Nomura Holdings (FRA:NSE) Overvalued in 2026?

Based on GuruFocus' analysis, Nomura Holdings stock appears to be overvalued. The current stock price of €8.71 is trading 21.1% above its estimated GF Value™ of €7.19. GuruFocus considers Nomura Holdings to be Modestly Overvalued.

Key valuation signals for FRA:NSE:

  • Total Operating Expense: €7,841 Mil
  • GF Value™: €7.19 vs. price of €8.71 (21.1% above fair value)
  • GF Score™: 56/100 with 6 warning signs

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

Nomura Holdings Business Description

Address 13-1, Nihonbashi 1-chome, Chuo-Ku, Tokyo, JPN, 103-8645
Nomura Holdings Inc is a Japanese financial services group and one of the country's largest securities and investment banking firms. It operates through three main segments: Wealth Management, which serves individual investors in Japan through a nationwide retail network; Investment Management, which provides asset and investment management services through subsidiaries such as Nomura Asset Management and American Century Investments; and Wholesale, comprising Global Markets, which handles trading, sales, and structuring of equities, fixed income, and other financial products, and Investment Banking, which provides advisory, financing, and capital markets services. Clients include individuals, corporations, financial institutions, governments, and government agencies. Nomura operates internationally, with significant operations in the United States, the United Kingdom, Singapore, Hong Kong, and other markets, generating a substantial share of revenue from its wholesale businesses.
56GF Score

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Total Operating Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€8.71
Price
€7.19
GF Value