# Monex Group vs GMO Financial Holdings

> Unit: JPY millions (ratios in %)
> Periods: Monex Group = FY ending Mar 2026, consolidated, IFRS / GMO Financial Holdings = FY ending Dec 2025, consolidated, J-GAAP
> Retrieved: 2026-09-30T19:56:40.373Z

| Metric | Monex Group | GMO Financial Holdings |
| --- | ---: | ---: |
| Revenue | 83,606 | 49,518 |
| Operating income | — | 15,866 |
| Net income | 10,914 | 10,448 |
| COGS ratio | 2.2% | 1.8% |
| Operating margin | — | 32.0% |
| Net margin | 13.1% | 21.1% |
| FCF margin | 15.3% | 21.6% |
| Period | FY ending Mar 2026 | FY ending Dec 2025 |
| Source | S100YM8I | S100YHX6 |

## Company details

- https://vizora.meequs.com/en/company/monex-group/md
- https://vizora.meequs.com/en/company/gmo-financial-holdings/md

## Definitions

- Amounts are in millions of JPY (rounded). The period is stated in each table heading
- Operating margin = operating income ÷ revenue. Net income is attributable to owners of the parent when disclosed
- Free cash flow (FCF) = operating cash flow − capital expenditure
- ¥100 model = breakdown per ¥100 of revenue (rounded so parts sum to 100)
- Segment revenues include inter-segment sales and may not sum to consolidated revenue
- Source IDs are EDINET document IDs (docID). "算出" (derived) means computed from other disclosed values
- All figures are extracted mechanically from filings. AI-written text never generates figures
- Source: company filings submitted to EDINET (Financial Services Agency of Japan). Figures were extracted, edited and processed, and charts and text were created, by Vizora — not by the FSA (used under the Public Data License v1.0).