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Updated: Apr 4, 2026

Stock Analysis

NMR Logo
$8.06
-$0.09 |-1.10%
Day Range:
$7.78 - $8.08
Market Cap:
23.58B
P/E Ratio:
11.0373
Avg Value:
$7.22
Year Range:
$4.86 - $9.58
1
General Information
Nomura Holdings Inc is a financial services group in Japan and operates offices in countries and regions world-wide, including Japan, the U.S., the U.K., Singapore, and the Hong Kong Special Administrative Region ("Hong Kong") through its subsidiaries.

The company's clients include individuals, corporations, financial institutions, governments, and governmental agencies. The company's business consists of Wealth Management*, Investment Management, and Wholesale. The company generates the majority of its revenue from the wholesale segment. The Wholesale Division consists of two businesses, Global Markets, which is mainly engaged in the trading, sales, and structuring of financial products, and Investment Banking, which is engaged in advisory, financing, and solutions businesses.

2
Nomura Holdings (NMR) Stock Graph
3
How We Grade Nomura Holdings (NMR)

We grade stocks based on past performance, their future growth potential, intrinsic value, dividend history, and overall financial health.

The chart below shows how we grade Nomura Holdings (NMR) across the board compared to its closest peers.

4
Benzinga Edge Rankings

Benzinga Edge stock rankings give you four critical scores to help you identify the strongest and weakest stocks to buy and sell.

34.19

Growth measures a stock's combined historical expansion in earnings and revenue across multiple time periods, with emphasis on both long-term trends and recent performance.

Momentum measures a stock's relative strength based on its price movement patterns and volatility over multiple timeframes, ranked as a percentile against other stocks.

Stock Score Locked: Want to See it?
Benzinga Rankings give you vital metrics on any stock – anytime.
5
Peer Ratings

See how Nomura Holdings compares to its peers in these key performance metrics from Benzinga Rankings.

Top Peers
Value
Quality
Growth
Momentum
Short
Medium
Long
LPLALPL Finl Hldgs
29.909999999999993
65.92
29.26
14.87
FUTUFutu Holdings
66.42
53.54
73.43
N/A
RJFRaymond James Finl
N/A
28.83
79.89
20.39
IBKRInteractive Brokers Group
63.27
73.06
92.2
79.87
Short: price trend over the last couple of months
Medium: price trend over the last couple of quarters
Long: price trend over the past year
Stock Score Locked: Want to See it?
Benzinga Rankings give you vital metrics on any stock – anytime.
6
Valuation

Earnings History (3 years)

It is important to look at a companies earnings history to see not only if they are profitable, but if their earnings are growing.
As you can see from the chart above, NMR's earnings have increased for the past three years, this is a positive sign for the stock.
7
Past Performance
How has Nomura Holdings (NMR) performed over the past 5 years?

The two main factors that we consider when analyzing past performance is overall return and volatility

Using these two metrics, we can determine if this stock gave its investors enough return for the risk that they took on by owning it. This is measured by the sharpe ratio, which has been used as a primary measure of risk/reward trade-off for almost 60 years.

This ratio can be interpreted as the amount of return an investor has received for the amount of risk that they took on by owning the stock over that timeframe.

Nomura Holdings (NMR) sharpe ratio over the past 5 years is 0.8246 which is considered to be below average compared to the peer average of 0.9885

8
Company Financials
INCOME STATEMENT
The income statement also known as the profit and loss statement, primarily focuses on the company's revenues and expenses during a particular period.

The main purpose of an income statement is to convey details of profitability and business activities. Below, is NMR's income statement for the previous four years along with its trailing-twelve- month profit & loss.

FISCAL YEAR (BIL.)
2022 ($)
2023 ($)
2024 ($)
2025 ($)
TTM ($)
Total Revenue
1,143.05
1,172.40
1,378.86
1,662.37
1,799.79
Operating Revenue
1,143.05
1,172.40
1,378.86
1,662.37
1,799.79
Cost Of Revenue
Gross Profit
Operating Expense
Selling General And Administration
529.51
605.79
673.52
732.39
774.45
Research and Development
Operating Income
Net Non-Operating Interest Income Expense
Other Income Expense
Other Non-Operating Income Expenses
Pre-Tax Income
226.62
149.47
273.85
471.96
529.89
Tax Provision
80.09
57.80
96.63
124.71
158.10
Net Income
143.00
92.79
165.86
340.74
360.17
Net Income Common Stockholders
143.00
92.79
165.86
340.74
360.17
Total Operating Income As Reported
Total Expenses
Net Income From Continuing And Discontinued Operation
143.00
92.79
165.86
340.74
360.17
Normalized Income
84.18
95.59
166.99
340.74
360.17
Interest Income
284.22
1,114.69
2,620.86
2,927.86
2,645.75
Interest Expense
230.11
1,151.15
2,595.29
2,844.26
2,581.82
Net Interest Income
54.11
-36.46
25.56
83.60
63.94
EBIT
EBITDA
Reconciled Cost Of Revenue
Reconciled Depreciation
59.52
61.42
61.34
Normalized EBITDA
Tax Rate For Calcs
0.00
0.00
0.00
0.00
0.30
Tax Effect Of Unusual Items
24.74
-0.85
-0.48
0.00
0.00
BALANCE SHEET
The balance sheet is a snapshot of a companies financials during a particular period in time.

It breaks down what company owns (assets) and what a company owes (liabilities), in order to give investors an overview of its capital structure.

FISCAL YEAR (BIL.)
2022 ($)
2023 ($)
2024 ($)
2025 ($)
TTM ($)
Total Assets
43,412.16
47,771.80
55,147.20
56,802.17
61,935.17
Current Assets
Total Non-Current Assets
Total Liabilities Net Minority Interest
40,439.35
44,547.66
51,698.69
53,221.17
58,120.58
Current Liabilities
Other Non-Current Liabilities
Total Equity Gross Minority Interest
2,972.80
3,224.14
3,448.51
3,581.00
3,814.59
Stockholders Equity
Total Capitalization
12,569.20
13,882.10
16,195.51
17,237.98
18,934.58
Common Stock Equity
2,914.61
3,148.57
3,350.19
3,470.88
3,651.82
Net Tangible Assets
2,884.60
3,112.37
3,311.80
3,397.53
3,651.82
Working Capital
Invested Capital
13,619.34
14,890.64
17,250.23
18,355.27
20,249.30
Tangible Book Value
2,884.60
3,112.37
3,311.80
3,397.53
3,651.82
Total Debt
10,902.87
11,935.95
14,089.85
15,058.52
16,597.48
Net Debt
6,641.23
7,220.82
8,745.07
9,369.69
10,600.66
Share Issued
3.23
3.23
3.16
3.16
3.16
Ordinary Shares Number
3.02
3.00
2.97
2.96
2.93
CASH FLOW STATEMENTS
A companies statement of cash flows gives an investor a break down of the cash inflows and outflows from a companies operations and investment activities.
FISCAL YEAR (BIL.)
2022 ($)
2023 ($)
2024 ($)
2025 ($)
TTM ($)
Cash Flow from Continuing Operating Activities
-1,368.71
-974.75
132.64
Net Income from Continuing Operations
146.53
91.68
177.22
Depreciation and Amortization
59.52
61.42
61.34
Deferred Tax
3.11
6.14
-0.31
Deferred Income Tax
3.11
6.14
-0.31
Stock-Based Compensation
Other Non-Cash Items
-102.12
-278.30
167.84
Change in Working Capital
-1,395.13
-834.66
-283.95
Change in Receivables
Changes in Account Receivables
Change in Inventory
Change in Payables and Accrued Expense
-287.48
-185.34
807.21
Change in Payable
-285.62
-182.02
780.73
Change in Account Payable
-247.98
-139.42
709.84
Change in Other Current Assets
595.12
834.44
Change in Other Current Liabilities
Change in Other Working Capital
1,523.16
-174.74
-1,105.95
Cash Flow from Continuing Investing Activities
-45.30
38.95
-887.94
Net PPE Purchase and Sale
-16.35
-107.52
-33.83
Net Business Purchase and Sale
0.00
-0.46
Purchase of Business
Net Investment Purchase and Sale
54.57
213.14
20.16
Purchase of Investment
-156.93
Sale of Investment
2.50
195.06
177.09
Net Other Investing Changes
29.25
0.95
0.91
Financing Cash Flow
1,070.71
1,291.70
1,012.85
Cash Flow from Continuing Financing Activities
1,070.71
1,291.70
1,012.85
Net Issuance Payments of Debt
749.44
1,025.30
1,029.92
Net Long-Term Debt Issuance
1,224.95
1,107.22
931.96
Long-Term Debt Issuance
3,895.06
2,337.59
3,122.01
Long-Term Debt Payments
-2,670.11
-1,230.37
-2,190.05
Net Short-Term Debt Issuance
-475.51
-81.93
97.96
Net Common Stock Issuance
-39.64
-24.72
-60.08
Common Stock Issuance
0.01
0.00
0.95
Common Stock Payments
-39.65
-24.73
-61.03
Cash Dividends Paid
-70.71
-57.26
-60.16
Net Other Financing Charges
22.09
-4.36
End Cash Position
13,651.24
14,369.67
16,793.39
Changes in Cash
-343.30
355.89
257.55
Beginning Cash Position
13,844.85
13,865.22
16,315.22
Capital Expenditure
-111.33
-171.17
-145.78
Issuance of Capital Stock
0.01
0.00
0.95
Issuance of Debt
3,895.06
2,337.59
5,086.96
Repayment of Debt
-2,670.11
-1,230.37
-4,057.04
Repurchase of Capital Stock
-39.65
-24.73
-61.03
Free Cash Flow
-1,480.04
-1,145.92
-13.14