Nomura Holdings, Inc.

NMRNYSEFinancial Services● Active

$8.68

+$0.27(+3.21%)

Market Cap$25.4B

P/E Ratio—

52W High$9.58

52W Low$6.02

Avg Volume1.9M

Open$8.59

Beta0.61

Overview

Nomura Holdings, Inc. (NMR) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

NMR · free cash flow · updated Jun 8, 2026

Core FCF metrics

NMR · FCF · TTM · margin & CAGR

Free cash flow was −$1.20T for FY2026 (fiscal year ending 2026-03-31), down 37.8% year-over-year The FCF margin was -25.1%.

FY2026 Free Cash Flow−$1.20T▼ -37.8% YoY

Trailing 12M (TTM)$0trailing 4 quarters sum

FCF Margin-25.1%−$1.20T ÷ revenue

3-Year CAGRN/AN/A — contains negative FCF

5-Year CAGRN/AN/A — contains negative FCF

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

NMR · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2026Latest−$842.96B(353.82B)−$1.20T▼ 37.8%-25.1%

FY2025−$678.61B(189.97B)−$868.58B▼ 6508.2%-19.3%

FY2024$132.64B(145.78B)−$13.14B▲ +98.5%-0.3%

FY2023−$694.82B(171.16B)−$865.99B▲ +11.1%-37.7%

FY2022−$862.83B(111.33B)−$974.16B▼ 278.5%-70.9%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

NMR · P/FCF · FCF yield · FCF per share

Nomura Holdings, Inc. (NMR) reported negative free cash flow of −$1196.78B. FCF-based valuation ratios are not meaningful when FCF is negative.

FCF Yield (TTM)

N/A

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

N/A

TTM FCF ÷ Shares Outstanding

Price / FCF

N/A

Share Price ÷ FCF per Share

EV / FCF (TTM)

N/A

Enterprise Value basis

FCF-based valuation ratios are only meaningful when free cash flow is positive. Negative FCF indicates capital expenditures exceeded operating cash flow.

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2026 · 2026-03-31

Cash flow statement summary

NMR · cash flow statement · operating / investing / financing

For FY2026, Nomura Holdings, Inc. generated −$842.96B in operating cash flow and spent 353.82B in capital expenditures, yielding −$1.20T in free cash flow.

Operating Activities

−$842.96B

Cash from core business operations

2026-03-31

Investing Activities

−$1.50T

CapEx, acquisitions & investments

2026-03-31

Financing Activities

+$2.10T

Buybacks, dividends & debt

2026-03-31

FCF FormulaOperating CF (−$842.96B) − |CapEx| (353.82B) = FCF (−$1.20T)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Financial Services)

NMR vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Nomura Holdings, Inc.YOU

NMR

−$1.20T-37.8%-25.2%

Loss

Berkshire Hathaway Inc.

BRK-A

$25.04B+115.6%6.7%

25%

Berkshire Hathaway Inc.

Mastercard Incorporated

$16.91B+18.2%51.6%

17%

Financial Services · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Nomura Holdings, Inc. (NMR) reported free cash flow of −$1.20T for FY2026 (fiscal year ending 2026-03-31), down 37.8% year-over-year. The FCF margin was -25.1%.

Based on available data, Nomura Holdings, Inc. has maintained positive free cash flow for at least 6 fiscal year(s). FCF peaked at $992.11B in FY2017.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

NMR free cash flow · 8 questions

Nomura Holdings, Inc. free cash flow was −$1.20T for FY2026, down 37.8% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $0.

NMR free cash flowNMR FCFNMR FCF 2026NMR free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Nomura Holdings, Inc. · Nomura Holdings, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026