MIZUHO FINANCIAL GROUP INC financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data MIZUHO FINANCIAL GROUP INC files with the SEC in its annual reports.

In JPY millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2016	FY2017	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Revenue	2,877,100	3,366,500	3,429,800	3,458,900	3,497,900	2,113,700	4,276,900	8,510,700	8,169,900	8,794,500
General and administrative	570,897	585,992	761,528	649,498	623,732	611,326	692,879	751,187	826,907	962,945
Interest expense	601,712	889,936	1,313,476	1,271,381	467,939	374,132	2,180,064	4,562,076
Interest income	88,311	88,319	144,199	89,749	55,482	63,050	78,953	192,116	359,710	430,760
Pre-tax income	480,375	839,298	85,060	153,490	1,028,764	-242,488	69,170	1,623,112	759,288	1,685,627
Income tax	91,244	237,604	9,335	47,175	210,716	-141,017	35,142	425,120	199,532	359,613
Net income to minority interests	26,691	24,086	-8,746	-43,880	236,283	3,251	48,037	285,519	-33,637	167,983
Net income	362,440	577,608	84,471	150,195	581,765	-104,722	-14,009	912,473	593,393	1,158,031
EPS, basic	143.30	227.70	33.31	59.19	229.27	-41.28	-5.52	359.70	234.55	466.16
EPS, diluted	142.80	227.60	33.30	59.19	229.26	-41.28	-5.52	359.65	234.52	466.09
Shares, basic (weighted)	2,529	2,537	2,536	2,537	2,538	2,537	2,537	2,537	2,530	2,484
Shares, diluted (weighted)	2,538	2,537	2,537	2,538	2,538	2,537	2,537	2,537	2,530	2,485
Dividend per share	75.00	75.00	75.00	75.00	75.00	80.00	85.00	105.00	140.00	145.00

Balance sheet

	FY2016	FY2017	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Cash and equivalents	47,586,971	48,170,921	45,672,739	41,951,114	48,734,096	52,174,289	67,992,295	74,113,043	73,435,979	62,606,401
Property, plant and equipment	2,041,273	2,116,184	1,900,952	1,856,248	1,811,458	1,704,067	1,653,888	1,714,485	1,813,678	1,823,020
Lease right-of-use assets				613,068	611,533				474,361	483,068
Goodwill	95,176	95,184	95,151	92,997	92,695	92,695	92,928	164,458	163,593	213,302
Intangible assets	94,147	84,447	74,240	64,689	56,121	47,939	44,681	44,984	35,472	42,220
Total assets	200,456,300	204,255,600	197,611,200	211,218,800	221,651,500	231,550,700	248,780,700	272,173,200	276,741,152	294,895,707
Total liabilities	191,684,247	194,751,942	188,109,702	202,043,136	211,963,317	222,108,473	239,055,588	261,741,965	266,191,227	283,417,654
Total debt	14,529,414	12,955,230	11,529,400	10,346,152	11,706,471	12,578,216	14,893,023	16,277,331	14,914,120	20,838,501
Retained earnings	918,894	1,306,141	2,740,545	2,700,774	2,967,385	2,665,608	2,442,153	3,120,236	3,343,695	4,065,899
Treasury stock	-4,849	-5,997	-7,704	-6,415	-7,124	-8,342	-8,786	-9,403	-9,462	-311,529
Other comprehensive income	1,521,163	1,741,894	164,021	-9,494	318,114	440,112	649,395	984,578	931,779	1,337,912
Shareholders' equity	8,261,357	8,868,421	8,726,519	8,512,365	9,105,238	8,914,212	8,915,491	9,929,071	10,065,015	10,859,633
Minority interests	510,700	635,279	774,974	663,259	582,919	528,019	809,643	502,116	484,909	618,420
Total equity	8,772,057	9,503,700	9,501,493	9,175,624	9,688,157	9,442,231	9,725,134	10,431,187	10,549,924	11,478,053
Total liabilities and equity	200,456,304	204,255,642	197,611,195	211,218,760	221,651,474	231,550,704	248,780,722	272,173,152	276,741,152	294,895,707

Cash flow statement

	FY2016	FY2017	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Net income	389,131	601,694	75,725	106,315	818,048	-101,471	34,028	1,197,992	559,756	1,326,013
Depreciation and amortization	171,202	179,158	355,164	243,724	231,677	228,397	238,997	222,714	238,631	278,340
Stock-based compensation	354	868
Deferred income tax	-107,432	60,011	-157,231	-101,941	50,701	-255,365	-143,842	165,355	-104,358	-65,445
Cash from operations	1,209,127	-161,076	661,019	-4,041,072	468,756	5,498,087	1,006,913	-3,460,502	59,044	-1,781,369
Capital expenditures	-430,913	-292,201	-157,714	-243,022	-211,495	-136,238	-185,583	-256,475	-338,013	-307,003
Purchases of investments	-34,137,270	-49,725,626	-34,327,798	-37,445,206	-69,491,642	-80,478,884	-68,223,956	-60,811,386	-43,329,158	-37,660,715
Sales and maturities of investments	7,100,083	13,819,828	15,673,340	15,350,105	31,521,663	39,008,678	39,537,476	39,223,805	17,213,606	5,579,293
Cash from investing	-2,112,331	-3,624,755	-6,773,772	-11,807,589	-2,613,292	-5,016,128	6,190,488	-3,679,457	-4,530,312	-11,806,403
Debt issued	4,496,041	1,956,007	1,659,412	2,303,803	2,568,730	3,004,293	4,701,954	3,061,735	3,144,808	7,655,894
Debt repaid	-4,734,010	-3,310,804	-3,241,799	-3,273,353	-1,511,050	-2,715,054	-2,985,756	-2,956,548	-4,336,484	-2,548,148
Stock issued	6	3	3
Share buybacks	-1,435	-1,611	-2,124	-1,441	-1,849	-1,927	-2,314	-3,384	-102,921	-404,325
Dividends paid	-190,031	-190,382	-190,413	-190,386	-190,498	-196,783	-209,457	-234,787	-304,426	-368,704
Cash from financing	11,869,753	4,652,627	3,408,385	12,356,954	8,691,908	1,991,438	7,762,851	11,457,601	3,955,420	1,855,213
Exchange rate effect	-29,583	-282,846	206,186	-229,918	235,610	966,796
Net change in cash	10,936,966	583,950	-2,498,182	-3,721,625	6,782,982	3,440,193	15,818,006	6,120,748	-677,064	-10,829,577
Free cash flow	778,214	-453,277	503,305	-4,284,094	257,261	5,361,849	821,330	-3,716,977	-278,969	-2,088,372
Interest paid	582,947	818,593	1,268,412	1,321,358	497,422	274,530	2,030,281	4,758,832	5,044,971	4,376,289
Income taxes paid	246,802	172,891	175,615	97,630	216,996	164,408	133,370	287,693	124,107	276,443

Key metrics

Worked out from the statements above. Latest values use fiscal 2026. No valuation: the share price is quoted in a different currency than the statements.

Profitability

Metric	Value	How it is calculated
Pre-tax margin	19.2%	Pre-tax income / revenue.
Net margin	13.2%	Net income / revenue.
FCF margin	-23.7%	Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin	-20.3%	Cash from operations / revenue.
Effective tax rate	21.3%	Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)	11.1%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	0.4%	Net income / average total assets.
Capex / revenue	3.5%	Capital expenditures / revenue.
D&A / revenue	3.2%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	7.6%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	27.2%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	20.2%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	95.2%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 5y	14.8%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y	98.7%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 5y	15.2%	Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	-3,117.0%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Dividend per share growth, 1y	3.6%	Dividend per share vs the same period a year earlier. Only from a positive base.
Dividend per share CAGR, 3y	19.5%	Compound annual growth of dividend per share over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Dividend per share CAGR, 5y	14.1%	Compound annual growth of dividend per share over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	7.9%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	6.8%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	3.6%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	6.6%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	5.8%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	5.9%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	-1.8%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	-0.7%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	-0.4%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Debt / equity	1.92x	Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets	7.1%	Total debt / total assets.
Liabilities / assets	96.1%	Total liabilities / total assets.
Net debt	-¥41.77T	Total debt - cash - short-term investments. Negative means more cash than debt.
Goodwill and intangibles / assets	0.1%	(Goodwill + intangible assets) / total assets.
Tangible book value	¥10.6T	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.03x	Revenue / average total assets.
Fixed asset turnover	4.84x	Revenue / average property, plant and equipment.
FCF conversion	-180.3%	Free cash flow / net income, when net income is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	¥466.09	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
EPS, basic	¥466.16	Net income per basic share, as reported (split-adjusted).
Revenue per share	¥3,540.00	Revenue / diluted weighted shares.
FCF per share	-¥840.53	Free cash flow / diluted weighted shares.
Operating cash flow per share	-¥716.97	Cash from operations / diluted weighted shares.
Book value per share	¥4,371.00	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	¥4,268.00	Tangible book value / shares outstanding.
Cash per share	¥25,198.00	(Cash + short-term investments) / shares outstanding.
Dividend per share	¥145.00	Dividend declared per common share (paid, when declared is not tagged).
Payout ratio	31.8%	Dividends paid / net income, when net income is positive.

What was MIZUHO FINANCIAL GROUP INC's revenue in fiscal 2026?

MIZUHO FINANCIAL GROUP INC reported revenue of ¥8.79T for fiscal 2026, 7.6% higher than the year before.

Was MIZUHO FINANCIAL GROUP INC profitable in fiscal 2026?

Yes. Net income was ¥1.16T, a net margin of 13.2%.

How much free cash flow did MIZUHO FINANCIAL GROUP INC generate in fiscal 2026?

Cash from operations of ¥1.78T minus capital expenditures of ¥307B left free cash flow of -¥2.09T.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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