MFG

MKT CAP:$100B

Mizuho Financial Group, Inc.

Market Cap

$100B

Financial Services·Banks - Regional·🇯🇵 Japan·NYSE

Financials·Banks - Regional·🇯🇵·NYSE

Stock Price

$8.12+$0.71 (+9.51%)

Apr 24, 2026

Company Details

Mizuho Financial Group, Inc., together with its subsidiaries, engages in banking, trust, securities, and other businesses related to financial services in Japan, the Americas, Europe, Asia/Oceania, and internationally. It operates through f...

CEO

Masahiro Kihara

IPO Date

Nov 8, 2006

Website

www.mizuho-fg.co.jp

Key Metrics TTM

Revenue

$52.2B

+8.6% YoY

Net Income

$6.6B

EPS (Diluted)

$0.53

Free Cash Flow

$0

Revenue / Share

$4.21

Gross Margin

46.3%

Operating Margin

16.2%

Net Margin

12.6%

FCF Margin

0.0%

P/S

1.9x

P/E

15.2x

Earnings Reports

Q3 2026

Feb 2, 2026

$14.0B-6.8%EPS $0.17

Q2 2026

Dec 29, 2025

$13.5B+1.5%EPS $0.20

Q1 2026

Jun 30, 2025

$12.6B-13.1%EPS $0.14

Q4 2025

Jun 25, 2025

$12.1BEPS $0.01

Q3 2025

Dec 31, 2024

$15.0BEPS $0.14

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 21	$4.9B	$3.8B	$1.1B
Q2 21	$4.4B	$3.5B	$985M
Q3 21	$4.3B	$3.6B	$1.2B
Q4 21	$4.5B	$3.3B	$838M
Q1 22	$4.3B	$3.8B	$1.5B
Q2 22	$4.8B	$4.0B	$1.3B
Q3 22	$4.7B	$3.6B	$680M
Q4 22	$4.0B	$2.9B	$306M
Q1 23	$5.3B	$3.7B	$1.3B
Q1 25	$14.5B	$5.8B	$2.5B
Q2 25	$13.3B	$6.0B	$2.5B
Q3 25	$15.0B	$6.2B	$2.4B
Q4 25	$12.1B	$5.7B	$143M
Q1 26	$12.6B	$5.6B	$2.4B
Q2 26	$13.5B	$6.6B	$3.3B
Q3 26	$14.0B	$6.2B	$2.7B

Valuation

Quarter	P/S	P/E
Q1 21	1.4x	12.1x
Q2 21	1.7x	14.6x
Q3 21	1.7x	12.8x
Q4 21	2.1x	13.1x
Q1 22	2.1x	9.8x
Q2 22	2.1x	9.5x
Q3 22	1.8x	8.8x
Q4 22	2.0x	10.5x
Q1 23	1.5x	10.3x
Q1 25	1.9x	14.6x
Q2 25	1.4x	10.9x
Q3 25	1.3x	9.8x
Q4 25	1.3x	12.6x
Q1 26	1.3x	12.6x
Q2 26	1.6x	13.4x
Q3 26	1.8x	13.9x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 21	$0	$0
Q2 21	$0	$0
Q3 21	$0	$0
Q4 21	$0	$0
Q1 22	$0	$0
Q2 22	$0	$0
Q3 22	$0	$0
Q4 22	$0	$0
Q1 23	$0	$0
Q1 25	$0	$0
Q2 25	$0	$0
Q3 25	$0	$0
Q4 25	$0	$0
Q1 26	$0	$0
Q2 26	$0	$0
Q3 26	$0	$0

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 21	-15.6%	-14.6%
Q2 21	-25.3%	-28.8%
Q3 21	-26.9%	-35.6%
Q4 21	-7.7%	-18.1%
Q1 22	-13.5%	-28.9%
Q2 22	+8.8%	+3.4%
Q3 22	+10.5%	+29.8%
Q4 22	-10.9%	+1.2%
Q1 23	+23.2%	+45.1%
Q1 25	+205.0%	+243.4%
Q2 25	+181.1%	+167.3%
Q3 25	+273.8%	+241.1%
Q4 25	+130.5%	+202.5%
Q1 26	-13.1%	-14.9%
Q2 26	+1.5%	-5.5%
Q3 26	-6.8%	-10.5%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 21	$0	0.0%
Q2 21	$0	0.0%
Q3 21	$0	0.0%
Q4 21	$0	0.0%
Q1 22	$0	0.0%
Q2 22	$0	0.0%
Q3 22	$0	0.0%
Q4 22	$0	0.0%
Q1 23	$0	0.0%
Q1 25	$0	0.0%
Q2 25	$0	0.0%
Q3 25	$0	0.0%
Q4 25	$0	0.0%
Q1 26	$0	0.0%
Q2 26	$0	0.0%
Q3 26	$0	0.0%

OpEx Breakdown

Quarter	G&A
Q1 21	$2.1B
Q2 21	$1.9B
Q3 21	$2.4B
Q4 21	$2.5B
Q1 22	$2.1B
Q2 22	$2.1B
Q3 22	$2.1B
Q4 22	$2.4B
Q1 23	$2.2B
Q1 25	$2.8B
Q2 25	$2.7B
Q3 25	$3.0B
Q4 25	$3.0B
Q1 26	$2.9B
Q2 26	$3.2B
Q3 26	$3.4B

War Chest

Quarter	Cash	Short-term Investments	Total
Q4 22	$321.8B	$0	$321.8B
Q1 23	$338.0B	$0	$338.0B
Q2 23	$341.2B	$0	$341.2B
Q3 23	$356.1B	$0	$356.1B
Q4 23	$420.7B	$0	$420.7B
Q1 24	$384.2B	$0	$384.2B
Q2 24	$386.3B	$0	$386.3B
Q3 24	$417.7B	$0	$417.7B
Q4 24	$457.2B	$0	$457.2B
Q1 25	$452.1B	$0	$452.1B
Q2 25	$448.7B	$0	$448.7B
Q3 25	$405.8B	$153.9B	$559.6B
Q4 25	$454.1B	$68.9B	$523.0B
Q1 26	$405.8B	$147.4B	$553.2B
Q2 26	$421.6B	$161.1B	$582.6B
Q3 26	$382.7B	$189.5B	$572.2B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 21	12.68B	-0.0%	+0.0%
Q2 21	12.68B	+0.0%	+0.0%
Q3 21	12.68B	-0.0%	-0.0%
Q4 21	12.68B	0.0%	-0.0%
Q1 22	12.68B	+0.0%	-0.0%
Q2 22	12.67B	-0.0%	-0.0%
Q3 22	12.68B	+0.0%	-0.0%
Q4 22	12.67B	-0.0%	-0.0%
Q1 23	12.67B	-0.0%	-0.0%
Q1 25	12.67B	+0.0%	-0.0%
Q2 25	12.67B	0.0%	-0.0%
Q3 25	12.67B	0.0%	-0.0%
Q4 25	12.57B	-0.8%	-0.8%
Q1 26	12.57B	0.0%	-0.8%
Q2 26	12.45B	-0.9%	-1.8%
Q3 26	12.40B	-0.4%	-2.1%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 21	$86.3K	57K
Q2 21	$76.3K	57K
Q3 21	$74.6K	57K
Q4 21	$82.6K	54K
Q1 22	$78.4K	54K
Q2 22	$87.3K	54K
Q3 22	$86.6K	54K
Q4 22	$76.6K	52K
Q1 23	$100.4K	52K
Q1 25	$277.3K	52K
Q2 25	$253.6K	52K
Q3 25	$286.8K	52K
Q4 25	$230.9K	53K
Q1 26	$239.8K	53K
Q2 26	$256.1K	53K
Q3 26	$266.0K	53K

Revenue / Employee