NYSE : MFG
Mizuho Financial Group, Inc. — Financial statements
Financials · Banks - Regional · Japan
Last price 9.66 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 118.78B
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Financial statements
Income statement
Fiscal year April - March; amounts in JPY.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Interest Income on Loans | 3.68T | 3.64T | 3.62T | 3.54T | 2.05T | 1.31T |
| Interest Income on Investments | 2.24T | 2.21T | 2.39T | 2.23T | 1.13T | |
| Total Interest Income | 5.92T | 5.85T | 6.00T | 5.77T | 3.18T | 1.31T |
| Interest Paid on Deposits | 2.22T | 2.17T | 2.19T | 2.26T | 1.05T | 315.55B |
| Interest Paid on Borrowings | 2.26T | 2.30T | 2.77T | 2.63T | 1.17T | |
| Total Interest Expense | 4.48T | 4.47T | 4.95T | 4.88T | 2.22T | 315.55B |
| Net Interest Income | 1.44T | 1.38T | 1.05T | 887.62B | 960.58B | 993.46B |
| Trust Income | 68.26B | 67.00B | 62.29B | 61.49B | 58.96B | 60.49B |
| Income From Trading Activities | 986.39B | 894.91B | 1.05T | 726.58B | 334.71B | 287.69B |
| Gain (Loss) on Sale of Assets | -6.54B | -6.54B | 23.68B | -3.36B | -4.20B | |
| Gain (Loss) on Sale of Investments | 337.05B | 334.96B | 161.29B | 58.81B | 93.70B | 29.56B |
| Gain (Loss) on Sale of Equity Investments | 52.27B | 26.22B | 11.89B | |||
| Other Non-Interest Income | 1.96T | 1.84T | 1.60T | 1.44T | 1.38T | 1.43T |
| Total Non-Interest Income | 3.40T | 3.13T | 2.89T | 2.31T | 1.88T | 1.81T |
| Revenues Before Loan Losses | 4.84T | 4.51T | 3.94T | 3.20T | 2.84T | 2.81T |
| Provision for Loan Losses | 99.33B | 105.60B | 36.16B | 73.16B | 57.97B | |
| Revenue | 4.74T | 4.40T | 3.90T | 3.12T | 2.78T | 2.81T |
| Selling, General & Administrative | 2.14T | 2.10T | 1.84T | 1.64T | 1.45T | 1.36T |
| Other Non-Interest Expense | 785.31B | 729.66B | 866.32B | 547.47B | 550.83B | 781.58B |
| Total Non-Interest Expense | 2.93T | 2.83T | 2.71T | 2.18T | 2.00T | 2.14T |
| EBT Excluding Unusual Items | 1.81T | 1.57T | 1.19T | 939.37B | 783.10B | 665.20B |
| Asset Writedown | -24.97B | -24.97B | -23.27B | -7.96B | -51.55B | -27.59B |
| Other Unusual Items | 48.88B | 80.64B | 21.54B | 23.62B | 47.41B | -33.75B |
| Pretax Income | 1.84T | 1.62T | 1.19T | 955.03B | 778.96B | 603.87B |
| Income Tax Expense | 449.60B | 368.13B | 301.42B | 271.74B | 218.83B | 60.69B |
| Earnings From Continuing Operations | 1.39T | 1.25T | 888.67B | 683.30B | 560.13B | 543.18B |
| Minority Interest in Earnings | -5.98B | -5.53B | -3.23B | -4.30B | -4.60B | -12.70B |
| Net Income | 1.38T | 1.25T | 885.43B | 678.99B | 555.53B | 530.48B |
| Net Income to Common | 1.38T | 1.25T | 885.43B | 678.99B | 555.53B | 530.48B |
| Basic Shares Outstanding | 2.47B | 2.48B | 2.53B | 2.53B | 2.53B | 2.53B |
| Diluted Shares Outstanding | 2.47B | 2.48B | 2.53B | 2.53B | 2.53B | 2.53B |
| EPS (Basic) | 560.17 | 502.93 | 350.21 | 267.88 | 219.20 | 209.27 |
| EPS (Diluted) | 560.16 | 502.92 | 350.20 | 267.88 | 219.19 | 209.26 |
| Dividend Per Share | 145.00 | 145.00 | 140.00 | 105.00 | 85.00 | 80.00 |
| Effective Tax Rate | 24.48% | 22.69% | 25.33% | 28.45% | 28.09% | 10.05% |
Balance sheet
Fiscal year April - March; amounts in JPY.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 52.12T | 61.57T | 72.48T | 71.17T | 65.83T | 50.14T |
| Investment Securities | 81.16T | 79.14T | 68.43T | 62.95T | 52.89T | 60.87T |
| Trading Asset Securities | 40.31T | 30.48T | 22.24T | 23.99T | 19.59T | 15.50T |
| Total Investments | 121.47T | 109.62T | 90.67T | 86.94T | 72.48T | 76.37T |
| Gross Loans | 104.00T | 100.66T | 94.80T | 94.04T | 90.07T | 85.68T |
| Allowance for Loan Losses | -596.92B | -637.30B | -755.75B | -787.85B | -720.44B | -783.89B |
| Net Loans | 103.40T | 100.02T | 94.04T | 93.25T | 89.35T | 84.89T |
| Property, Plant & Equipment | 1.13T | 1.14T | 1.12T | 1.14T | 1.11T | 1.10T |
| Goodwill | 140.13B | 108.03B | 116.42B | 49.61B | 52.55B | |
| Other Intangible Assets | 891.77B | 742.13B | 700.87B | 608.72B | 523.11B | 548.75B |
| Accrued Interest Receivable | 319.69B | |||||
| Other Receivables | 1.80T | 1.33T | 1.22T | |||
| Restricted Cash | 776.89B | 622.71B | 632.02B | 583.65B | 514.61B | 591.18B |
| Other Current Assets | 16.85T | 13.99T | 12.06T | 14.72T | 13.21T | 13.40T |
| Long-Term Deferred Tax Assets | 252.75B | 238.47B | 237.63B | 135.43B | 316.17B | 184.59B |
| Other Long-Term Assets | 7.38T | 14.17T | 11.27T | 8.21T | 9.55T | 8.26T |
| Total Assets | 304.28T | 302.24T | 283.32T | 278.67T | 254.26T | 237.07T |
| Accrued Expenses | 101.29B | 262.50B | 226.47B | 188.50B | 129.07B | 365.01B |
| Interest Bearing Deposits | 175.74T | 177.85T | 173.15T | 171.45T | 164.29T | 140.52T |
| Non-Interest Bearing Deposits | 15.18T | |||||
| Total Deposits | 175.74T | 177.85T | 173.15T | 171.45T | 164.29T | 155.70T |
| Short-Term Borrowings | 54.19T | 43.37T | 44.00T | 46.62T | 33.32T | 33.74T |
| Current Income Taxes Payable | 62.70B | |||||
| Other Current Liabilities | 33.60T | 30.38T | 24.11T | 24.92T | 23.14T | 12.98T |
| Long-Term Debt | 21.11T | 23.20T | 19.44T | 17.45T | 15.53T | 17.30T |
| Long-Term Leases | 66.10B | |||||
| Long-Term Unearned Revenue | 87.87B | |||||
| Pension & Post-Retirement Benefits | 51.11B | 73.07B | 68.74B | 67.69B | 68.97B | 72.33B |
| Long-Term Deferred Tax Liabilities | 79.52B | 76.30B | 68.21B | 84.64B | 81.10B | 90.89B |
| Other Long-Term Liabilities | 7.83T | 15.62T | 11.73T | 7.59T | 8.50T | 7.39T |
| Total Liabilities | 292.70T | 290.84T | 272.80T | 268.36T | 245.05T | 227.87T |
| Common Stock | 2.26T | 2.26T | 2.26T | 2.26T | 2.26T | 2.26T |
| Additional Paid-In Capital | 1.13T | 1.13T | 1.13T | 1.13T | 1.13T | 1.13T |
| Retained Earnings | 6.78T | 6.83T | 6.05T | 5.54T | 5.09T | 4.76T |
| Treasury Stock | -51.07B | -311.53B | -9.46B | -9.40B | -8.79B | -8.34B |
| Comprehensive Income & Other | 1.40T | 1.41T | 1.02T | 1.32T | 662.14B | 947.29B |
| Total Common Equity | 11.51T | 11.32T | 10.44T | 10.23T | 9.13T | 9.08T |
| Minority Interest | 74.89B | 87.36B | 81.54B | 79.59B | 75.16B | 123.56B |
| Shareholders' Equity | 11.59T | 11.40T | 10.52T | 10.31T | 9.21T | 9.20T |
| Total Liabilities & Equity | 304.28T | 302.24T | 283.32T | 278.67T | 254.26T | 237.07T |
| Total Debt | 75.30T | 66.57T | 63.44T | 64.07T | 48.84T | 51.11T |
| Net Cash (Debt) | 44.15T | 57.82T | 61.47T | 51.62T | 48.27T | 27.27T |
| Net Cash Per Share | 17,909.25 | 23,289.06 | 24,311.77 | 20,364.31 | 19,044.35 | 10,758.63 |
| Filing Date Shares Outstanding | 2.43B | 2.44B | 2.51B | 2.53B | 2.53B | 2.53B |
| Total Common Shares Outstanding | 2.43B | 2.44B | 2.51B | 2.53B | 2.53B | 2.53B |
| Book Value Per Share | 4,730.66 | 4,640.73 | 4,161.03 | 4,037.29 | 3,603.98 | 3,581.44 |
| Tangible Book Value | 10.62T | 10.43T | 9.63T | 9.51T | 8.56T | 8.48T |
| Tangible Book Value Per Share | 4,364.21 | 4,278.93 | 3,838.70 | 3,751.18 | 3,377.99 | 3,344.20 |
Cash flow statement
Fiscal year April - March; amounts in JPY.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | 1.62T | 1.19T | 678.99B | 555.53B | 530.48B | |
| Depreciation & Amortization | 241.30B | 205.92B | 178.19B | 166.94B | 165.64B | |
| Gain (Loss) on Sale of Assets | 31.51B | -404.00M | 3.36B | 4.20B | 2.65B | |
| Gain (Loss) on Sale of Investments | -161.53B | 2.39B | -24.04B | 50.63B | 62.30B | |
| Total Asset Writedown | 7.96B | 51.55B | 27.59B | |||
| Change in Trading Asset Securities | -3.02T | -448.29B | -2.95T | -3.75T | -729.45B | |
| Change in Other Net Operating Assets | -2.65T | -5.63T | 3.86T | 4.67T | 3.08T | |
| Other Operating Activities | -2.01T | -1.02T | -2.03T | 527.34B | -789.17B | |
| Operating Cash Flow | -5.99T | -5.75T | -298.51B | 2.26T | 2.32T | |
| Capital Expenditures | -96.69B | -94.94B | -63.12B | -64.84B | -42.30B | |
| Sale of Property, Plant and Equipment | 22.41B | 88.75B | 12.35B | 9.81B | 18.24B | |
| Cash Acquisitions | -39.15B | -3.53B | ||||
| Investment in Securities | -6.38T | 4.10T | 2.33T | 6.71T | -1.73T | |
| Income (Loss) Equity Investments | -52.27B | -46.78B | -26.22B | -11.89B | -25.43B | |
| Divestitures | 7.93B | |||||
| Purchase / Sale of Intangibles | -222.05B | -249.88B | -192.65B | -118.33B | -96.48B | |
| Other Investing Activities | 9.87B | -49.02B | -69.87B | 75.56B | -9.59B | |
| Investing Cash Flow | -6.67T | 3.79T | 1.98T | 6.61T | -1.86T | |
| Long-Term Debt Issued | 724.00B | 524.50B | 499.00B | 228.50B | 181.41B | |
| Short-Term Debt Repaid | -61.00M | -324.00M | -502.00M | |||
| Long-Term Debt Repaid | -474.15B | -417.00B | -490.31B | -579.62B | -498.00B | |
| Total Debt Repaid | -474.15B | -417.00B | -490.37B | -579.94B | -498.50B | |
| Net Debt Issued (Repaid) | 249.85B | 107.50B | 8.63B | -351.44B | -317.09B | |
| Issuance of Common Stock | 2.26B | 2.86B | 2.77B | 1.61B | 873.00M | |
| Repurchase of Common Stock | -404.32B | -102.92B | -3.38B | -2.31B | -1.93B | |
| Common Dividends Paid | -368.70B | -304.43B | -234.79B | -209.46B | -196.78B | |
| Total Dividends Paid | -368.70B | -304.43B | -234.79B | -209.46B | -196.78B | |
| Net Increase (Decrease) in Deposit Accounts | 1.15T | 1.93T | 2.18T | 6.61T | 2.59T | |
| Other Financing Activities | -2.24B | -2.05B | -4.22B | -49.55B | -7.13B | |
| Financing Cash Flow | 630.84B | 1.63T | 1.95T | 5.99T | 2.07T | |
| Foreign Exchange Rate Adjustments | 984.28B | -115.72B | 1.70T | 827.61B | 620.26B | |
| Net Cash Flow | -11.05T | -442.45B | 5.34T | 15.69T | 3.15T | |
| Free Cash Flow | -6.09T | -5.84T | -361.63B | 2.20T | 2.28T | |
| Free Cash Flow Margin | -138.40% | -149.87% | -11.58% | 79.05% | 81.26% | |
| Free Cash Flow Per Share | -2,452.64 | -2,311.08 | -142.67 | 866.88 | 899.46 | |
| Cash Interest Paid | 4.76T | 2.03T | 273.86B | |||
| Cash Income Tax Paid | 317.42B | 124.11B | 287.69B | 133.37B | 164.41B |
Ratios
Fiscal year April - March; amounts in JPY.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 118.78B | 93.35B | 67.20B | 51.05B | 35.80B | 32.71B |
| Last Close Price | 9.66 | 7.94 | 5.40 | 3.79 | 2.61 | 2.29 |
| PE Ratio | 13.61 | 11.89 | 11.37 | 11.37 | 8.57 | 7.49 |
| PS Ratio | 4.07 | 3.37 | 2.58 | 2.47 | 1.71 | 1.42 |
| PB Ratio | 1.67 | 1.30 | 0.96 | 0.75 | 0.52 | 0.43 |
| P/FCF Ratio | 2.17 | 1.74 | ||||
| P/OCF Ratio | 2.10 | 1.71 | ||||
| Debt / Equity Ratio | 6.50 | 5.84 | 6.03 | 6.21 | 5.30 | 5.55 |
| Debt / FCF Ratio | 22.23 | 22.42 | ||||
| Net Debt / Equity Ratio | -3.81 | -5.07 | -5.84 | -5.00 | -5.24 | -2.96 |
| Net Debt / FCF Ratio | 9.50 | 10.52 | 142.73 | -21.97 | -11.96 | |
| Return on Equity (ROE) | 12.49% | 11.44% | 8.53% | 7.00% | 6.08% | 5.85% |
| Return on Assets (ROA) | 0.48% | 0.43% | 0.32% | 0.26% | 0.23% | 0.24% |
| Earnings Yield | 7.35% | 8.41% | 8.80% | 8.79% | 11.67% | 13.36% |
| FCF Yield | -32.49% | -41.02% | -58.07% | -4.68% | 46.16% | 57.41% |
| Dividend Yield | 1.48% | 2.38% | 3.49% | 3.45% | 4.53% | 5.10% |
| Payout Ratio | 20.14% | 29.53% | 34.38% | 34.58% | 37.70% | 37.09% |
| Buyback Yield / Dilution | 2.22% | 1.80% | 0.25% | -0.01% | 0.02% | 0.03% |
| Total Shareholder Return | 3.70% | 4.18% | 3.74% | 3.43% | 4.55% | 5.14% |