# GMO Financial Holdings vs GMO internet group

> Unit: JPY millions (ratios in %)
> Periods: GMO Financial Holdings = FY ending Dec 2025, consolidated, J-GAAP / GMO internet group = FY ending Dec 2025, consolidated, IFRS
> Retrieved: 2026-09-30T22:23:16.009Z

| Metric | GMO Financial Holdings | GMO internet group |
| --- | ---: | ---: |
| Revenue | 49,518 | 285,261 |
| Operating income | 15,866 | 59,132 |
| Net income | 10,448 | 16,749 |
| COGS ratio | 1.8% | 40.0% |
| Operating margin | 32.0% | 20.7% |
| Net margin | 21.1% | 5.9% |
| FCF margin | 21.6% | 15.2% |
| Period | FY ending Dec 2025 | FY ending Dec 2025 |
| Source | S100YHX6 | S100XSG3 |

## Company details

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