NYSE : NMR
Nomura Holdings, Inc. — Financial statements
Financials · Capital Markets · Japan
Last price 9.47 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 27.70B
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Financial statements
Nomura Holdings, Inc. (NMR) reported revenue of 2.42T JPY (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year April - March; amounts in JPY.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Interest and Dividend Income | 2.80T | 2.67T | 2.93T | 2.62T | 1.11T | 284.22B |
| Total Interest Expense | 2.71T | 2.59T | 2.84T | 2.60T | 1.15T | 230.11B |
| Net Interest Income | 86.13B | 78.87B | 83.60B | 25.56B | -36.46B | 54.11B |
| Brokerage Commission | 503.37B | 455.29B | 407.01B | 364.10B | 279.86B | 332.34B |
| Trading & Principal Transactions | 817.61B | 696.89B | 580.10B | 491.61B | 563.27B | 368.80B |
| Asset Management Fee | 606.88B | 468.60B | 378.20B | 310.15B | 271.68B | 269.99B |
| Underwriting & Investment Banking Fee | 231.04B | 200.55B | 212.23B | 173.26B | 113.21B | 149.60B |
| Gain on Sale of Investments (Rev) | 29.87B | 25.67B | 8.08B | 21.49B | 13.08B | 36.21B |
| Other Revenue | 148.22B | 241.84B | 223.26B | 175.82B | 130.94B | 152.83B |
| Revenue | 2.42T | 2.17T | 1.89T | 1.56T | 1.34T | 1.36T |
| Salaries & Employee Benefits | 908.87B | 829.50B | 732.39B | 673.52B | 605.79B | 529.51B |
| Cost of Services Provided | 660.88B | 575.50B | 501.69B | 447.39B | 418.27B | 374.91B |
| Other Operating Expenses | 245.82B | 217.77B | 184.53B | 167.24B | 162.05B | 169.52B |
| Total Operating Expenses | 1.82T | 1.62T | 1.42T | 1.29T | 1.19T | 1.07T |
| Operating Income | 607.55B | 544.94B | 473.88B | 273.85B | 149.47B | 289.96B |
| EBT Excluding Unusual Items | 607.55B | 544.94B | 473.88B | 273.85B | 149.47B | 289.96B |
| Merger & Restructuring Charges | -5.12B | -5.12B | -1.91B | |||
| Legal Settlements | -63.34B | |||||
| Pretax Income | 602.43B | 539.82B | 471.96B | 273.85B | 149.47B | 226.62B |
| Income Tax Expense | 168.74B | 165.44B | 124.71B | 96.63B | 57.80B | 80.09B |
| Earnings From Continuing Ops. | 433.70B | 374.38B | 347.25B | 177.22B | 91.68B | 146.53B |
| Minority Interest in Earnings | -18.92B | -12.25B | -6.52B | -11.36B | 1.11B | -3.54B |
| Net Income | 414.77B | 362.13B | 340.74B | 165.86B | 92.79B | 143.00B |
| Net Income to Common | 414.77B | 362.13B | 340.74B | 165.86B | 92.79B | 143.00B |
| Shares Outstanding (Basic) | 2.92B | 2.94B | 2.96B | 3.02B | 3.01B | 3.06B |
| Shares Outstanding (Diluted) | 3.02B | 3.04B | 3.07B | 3.14B | 3.11B | 3.16B |
| EPS (Basic) | 141.83 | 123.08 | 115.30 | 54.97 | 30.86 | 46.68 |
| EPS (Diluted) | 137.27 | 118.99 | 111.03 | 52.69 | 29.74 | 45.23 |
| Free Cash Flow | -1.20T | -868.58B | -13.14B | -865.99B | -974.16B | |
| Free Cash Flow Per Share | -393.52 | -283.25 | -4.18 | -278.07 | -308.41 | |
| Dividend Per Share | 59.00 | 51.00 | 47.00 | 23.00 | 17.00 | 22.00 |
| Operating Margin | 25.07% | 25.14% | 25.04% | 17.53% | 11.19% | 21.26% |
| Profit Margin | 17.12% | 16.71% | 18.00% | 10.62% | 6.95% | 10.48% |
| Free Cash Flow Margin | -55.21% | -45.90% | -0.84% | -64.84% | -71.43% | |
| Effective Tax Rate | 28.01% | 30.65% | 26.42% | 35.29% | 38.67% | 35.34% |
| Revenue as Reported | 5.14T | 4.76T | 4.74T | 4.16T | 2.49T | 1.59T |
Balance sheet
Fiscal year April - March; amounts in JPY.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 5.37T | 4.30T | 4.42T | 4.24T | 3.82T | 3.32T |
| Short-Term Investments | 18.25T | 18.19T | 19.11T | 21.36T | 18.41T | 17.30T |
| Trading Asset Securities | 27.98T | 15.23T | 13.71T | 12.65T | 11.85T | 10.59T |
| Accounts Receivable | 592.03B | 454.75B | 396.35B | 438.31B | 378.13B | 416.10B |
| Other Receivables | 10.41T | 9.09T | 7.05T | 6.40T | 4.83T | 4.58T |
| Property, Plant & Equipment | 695.21B | 543.85B | 436.45B | 448.79B | 464.32B | 419.05B |
| Goodwill | 172.49B | 17.20B | 19.26B | 17.64B | 14.41B | |
| Other Intangible Assets | 142.89B | 56.15B | 19.13B | 18.56B | 15.60B | |
| Investments in Debt & Equity Securities | 1.27T | 1.48T | 1.04T | 856.95B | 783.33B | 933.22B |
| Other Current Assets | 704.17B | 11.64T | 9.34T | 7.46T | 6.09T | 4.98T |
| Long-Term Deferred Tax Assets | 41.78B | 25.22B | 24.25B | 22.64B | 15.56B | |
| Other Long-Term Assets | 2.21T | 1.36T | 1.20T | 1.23T | 1.09T | 825.68B |
| Total Assets | 67.48T | 62.65T | 56.80T | 55.15T | 47.77T | 43.41T |
| Accounts Payable | 5.40T | 5.03T | 4.14T | 4.13T | 3.16T | 3.16T |
| Accrued Expenses | 700.59B | 551.06B | 575.51B | 479.49B | 457.51B | |
| Short-Term Debt | 21.10T | 21.85T | 21.35T | 22.01T | 18.79T | 16.86T |
| Current Portion of Leases | 49.13B | |||||
| Other Current Liabilities | 14.95T | 10.50T | 9.40T | 8.96T | 8.55T | 7.99T |
| Long-Term Debt | 16.08T | 15.93T | 13.77T | 12.85T | 10.73T | 9.65T |
| Long-Term Leases | 107.15B | 174.13B | 189.81B | 193.88B | 198.13B | |
| Long-Term Deferred Tax Liabilities | 146.71B | 113.82B | 85.30B | 93.83B | ||
| Other Long-Term Liabilities | 6.03T | 4.37T | 3.63T | 2.82T | 2.50T | 2.09T |
| Total Liabilities | 63.56T | 58.79T | 53.22T | 51.70T | 44.55T | 40.44T |
| Common Stock | 594.49B | 594.49B | 594.49B | 594.49B | 594.49B | 594.49B |
| Additional Paid-In Capital | 673.23B | 706.26B | 704.88B | 708.78B | 707.19B | 697.51B |
| Retained Earnings | 2.15T | 2.01T | 1.87T | 1.71T | 1.65T | 1.61T |
| Comprehensive Income & Other | 497.13B | 548.22B | 447.81B | 459.98B | 318.45B | 127.97B |
| Total Common Equity | 3.78T | 3.71T | 3.47T | 3.35T | 3.15T | 2.91T |
| Minority Interest | 150.45B | 147.05B | 110.12B | 98.32B | 75.58B | 58.20B |
| Shareholders' Equity | 3.93T | 3.85T | 3.58T | 3.45T | 3.22T | 2.97T |
| Total Liabilities & Equity | 67.48T | 62.65T | 56.80T | 55.15T | 47.77T | 43.41T |
| Total Debt | 37.18T | 37.94T | 35.29T | 35.04T | 29.72T | 26.71T |
| Net Cash (Debt) | 14.42T | -222.84B | 1.95T | 3.21T | 4.36T | 4.49T |
| Net Cash Per Share | 4,774.71 | -73.27 | 635.57 | 1,021.18 | 1,401.08 | 1,423.00 |
| Filing Date Shares Outstanding | 2.92B | 2.92B | 2.98B | 2.96B | 3.05B | 3.02B |
| Total Common Shares Outstanding | 2.92B | 2.90B | 2.96B | 2.97B | 3.00B | 3.02B |
| Working Capital | 21.86T | 20.67T | 18.50T | 16.79T | 14.35T | 12.69T |
| Book Value Per Share | 1,291.77 | 1,277.99 | 1,174.10 | 1,127.72 | 1,048.24 | 965.80 |
| Tangible Book Value | 3.78T | 3.39T | 3.40T | 3.31T | 3.11T | 2.88T |
| Tangible Book Value Per Share | 1,291.77 | 1,169.28 | 1,149.29 | 1,114.80 | 1,036.19 | 955.86 |
Cash flow statement
Fiscal year April - March; amounts in JPY.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | 362.13B | 340.74B | 165.86B | 92.79B | 143.00B | |
| Depreciation & Amortization, Total | 68.27B | 64.20B | 63.82B | 63.01B | 61.24B | |
| Gain (Loss) On Sale of Investments | -13.07B | -444.00M | -9.61B | 1.43B | -5.45B | |
| Stock-Based Compensation | 40.84B | 38.58B | 35.58B | 35.22B | 27.94B | |
| Change in Accounts Payable | 703.62B | -16.73B | 709.84B | -139.42B | -247.98B | |
| Change in Other Net Operating Assets | 829.33B | 1.91T | -678.21B | 1.35T | -1.82T | |
| Other Operating Activities | 67.27B | 24.03B | 176.40B | -371.88B | -120.20B | |
| Operating Cash Flow | -842.96B | -678.61B | 132.64B | -694.82B | -862.83B | |
| Capital Expenditures | -353.82B | -189.97B | -145.78B | -171.16B | -111.33B | |
| Cash Acquisitions | -275.01B | -457.00M | ||||
| Investment in Securities | -279.37B | -275.06B | -62.81B | 166.15B | 62.15B | |
| Other Investing Activities | -20.02B | 16.15B | 914.00M | -8.98B | -4.47B | |
| Investing Cash Flow | -1.50T | -848.65B | -887.94B | -233.22B | -593.18B | |
| Short-Term Debt Issued | 2.47T | 1.85T | 1.96T | 2.63T | 1.74T | |
| Long-Term Debt Issued | 5.06T | 4.46T | 3.12T | 2.26T | 3.94T | |
| Total Debt Issued | 7.52T | 6.31T | 5.09T | 4.89T | 5.68T | |
| Short-Term Debt Repaid | -2.36T | -1.88T | -1.87T | -2.69T | -2.16T | |
| Long-Term Debt Repaid | -3.18T | -3.34T | -2.19T | -1.17T | -2.66T | |
| Total Debt Repaid | -5.54T | -5.21T | -4.06T | -3.86T | -4.82T | |
| Net Debt Issued (Repaid) | 1.98T | 1.10T | 1.03T | 1.02T | 861.78B | |
| Issuance of Common Stock | 422.00M | 1.41B | 953.00M | 4.00M | 11.00M | |
| Repurchase of Common Stock | -119.71B | -79.59B | -73.70B | -33.79B | -50.47B | |
| Common Dividends Paid | -179.74B | -112.54B | -60.16B | -57.26B | -70.71B | |
| Other Financing Activities | 411.01B | 769.34B | 115.84B | 350.95B | 372.11B | |
| Financing Cash Flow | 2.10T | 1.68T | 1.01T | 1.28T | 1.11T | |
| Foreign Exchange Rate Adjustments | 139.31B | -26.02B | 220.62B | 148.55B | 149.69B | |
| Net Cash Flow | -106.72B | 126.42B | 478.17B | 504.44B | -193.60B | |
| Free Cash Flow | -1.20T | -868.58B | -13.14B | -865.99B | -974.16B | |
| Free Cash Flow Margin | -55.21% | -45.90% | -0.84% | -64.84% | -71.43% | |
| Free Cash Flow Per Share | -393.52 | -283.25 | -4.18 | -278.07 | -308.41 | |
| Cash Interest Paid | 2.57T | 2.88T | 2.51T | 1.10T | 225.68B | |
| Cash Income Tax Paid | 118.85B | 93.92B | 26.05B | 94.26B | 114.62B |
Ratios
Fiscal year April - March; amounts in JPY.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 27.76B | 22.16B | 17.93B | 19.38B | 11.51B | 12.80B |
| Last Close Price | 9.38 | 7.89 | 5.94 | 5.87 | 3.40 | 3.67 |
| PE Ratio | 10.78 | 9.73 | 7.88 | 17.67 | 16.50 | 10.87 |
| PS Ratio | 1.80 | 1.62 | 1.42 | 1.88 | 1.15 | 1.14 |
| PB Ratio | 1.11 | 0.91 | 0.75 | 0.85 | 0.47 | 0.52 |
| P/OCF Ratio | 22.10 | |||||
| Debt / Equity Ratio | 9.47 | 9.84 | 9.86 | 10.16 | 9.22 | 8.98 |
| Net Debt / Equity Ratio | -3.67 | 0.06 | -0.54 | -0.93 | -1.35 | -1.51 |
| Net Debt / FCF Ratio | -0.19 | 2.24 | 244.30 | 5.04 | 4.61 | |
| Asset Turnover | 0.04 | 0.04 | 0.03 | 0.03 | 0.03 | 0.03 |
| Quick Ratio | 1.51 | 1.24 | 1.26 | 1.26 | 1.27 | 1.27 |
| Current Ratio | 1.53 | 1.54 | 1.52 | 1.47 | 1.46 | 1.45 |
| Return on Equity (ROE) | 11.51% | 10.07% | 9.88% | 5.31% | 2.96% | 5.12% |
| Return on Assets (ROA) | 0.68% | 0.63% | 0.62% | 0.34% | 0.20% | 0.34% |
| Return on Invested Capital (ROIC) | 1.06% | 0.94% | 0.90% | 0.50% | 0.29% | 0.64% |
| Earnings Yield | 9.27% | 10.28% | 12.69% | 5.66% | 6.06% | 9.20% |
| FCF Yield | -27.33% | -33.97% | -32.36% | -0.45% | -56.58% | -62.67% |
| Dividend Yield | 2.75% | 4.20% | 5.18% | 2.33% | 3.34% | 4.27% |
| Payout Ratio | 29.67% | 49.63% | 33.03% | 36.27% | 61.71% | 49.45% |
| Buyback Yield / Dilution | 1.23% | 0.82% | 2.48% | -0.97% | 1.41% | -0.36% |
| Total Shareholder Return | 3.99% | 5.02% | 7.66% | 1.36% | 4.74% | 3.91% |