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Updated: Sep 4, 2026
MFG Logo

Mizuho Financial Group

NYSE:MFG·Stock Analysis Report
Day Range
$11.15 - $11.28
Market Cap
135.68B
P/E Ratio
16.1765
Avg Value
$8.59
Year Range
$6.09 - $11.09
$11.23-$0.09 (-0.80%)
1
General Information
Mizuho Financial Group is roughly tied with megabank peer Sumitomo Mitsui Financial Group for the status as Japan's second-largest bank after Mitsubishi UFJ Financial Group.

In Japan, Mizuho has more of a corporate focus than SMFG, which has a larger retail business. Its overseas weighting is slightly smaller than that of MUFG. Unlike its two Japanese megabank peers, which own foreign banks outright or hold noncontrolling stakes in local banks overseas, Mizuho expanded in recent years beyond its traditional Japanese borrowers, mainly through its core banking and securities units, focusing on the financing needs of global multinational corporations.

2
Mizuho Financial Group (MFG) Stock Graph
3
How We Grade Mizuho Financial Group (MFG)

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 Mizuho Financial Group (MFG) 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.

90.56

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.

98.83

Quality is a composite ranking that evaluates a company's operational efficiency and financial health by analyzing historical profitability metrics and fundamental strength indicators on a percentile basis relative to peers.

Stock Score Locked: Want to See it?
Benzinga Rankings give you vital metrics on any stock – anytime.
5
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, MFG's earnings have fluctuated but has increased since, this is a positive sign for the stock.
6
Past Performance
How has Mizuho Financial Group (MFG) 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.

Mizuho Financial Group (MFG) sharpe ratio over the past 5 years is 2.2936 which is considered to be above average compared to the peer average of 1.3792

7
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 MFG'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
2,670.04
2,971.07
3,645.21
4,221.81
4,539.49
Operating Revenue
2,670.04
2,971.07
3,645.21
4,221.81
4,539.49
Cost Of Revenue
Gross Profit
Operating Expense
Selling General And Administration
1,445.28
1,663.95
1,840.70
2,103.46
2,148.72
Research and Development
Operating Income
Net Non-Operating Interest Income Expense
Other Income Expense
Other Non-Operating Income Expenses
Pre-Tax Income
778.96
955.04
1,190.08
1,622.28
1,836.60
Tax Provision
218.83
271.74
301.42
368.13
449.60
Net Income
555.53
678.99
885.43
1,248.63
1,381.02
Net Income Common Stockholders
555.53
678.99
885.43
1,248.63
1,381.02
Total Operating Income As Reported
Total Expenses
Net Income From Continuing And Discontinued Operation
555.53
678.99
885.43
1,248.63
1,381.02
Normalized Income
561.44
648.74
870.27
1,210.57
1,355.01
Interest Income
3,178.21
5,772.53
6,000.20
5,851.59
5,923.45
Interest Expense
2,217.64
4,884.92
4,954.95
4,474.51
4,483.67
Net Interest Income
960.57
887.61
1,045.26
1,377.09
1,439.78
EBIT
EBITDA
Reconciled Cost Of Revenue
Reconciled Depreciation
Normalized EBITDA
Tax Rate For Calcs
0.00
0.00
0.00
0.00
0.28
Tax Effect Of Unusual Items
-4.73
10.73
6.78
11.06
7.04
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 ($)
Total Assets
254,258.20
278,672.15
283,320.40
302,240.04
304,283.46
Current Assets
Total Non-Current Assets
Total Liabilities Net Minority Interest
245,049.74
268,360.02
272,796.65
290,836.15
292,696.33
Current Liabilities
Other Non-Current Liabilities
Total Equity Gross Minority Interest
9,208.46
10,312.14
10,523.75
11,403.89
11,587.13
Stockholders Equity
Total Capitalization
25,137.11
28,247.84
28,052.64
32,384.11
33,173.14
Common Stock Equity
9,133.30
10,232.54
10,442.21
11,316.53
11,512.24
Net Tangible Assets
8,560.58
9,507.40
9,633.32
10,434.27
10,620.47
Working Capital
Invested Capital
28,734.09
31,074.51
32,935.94
37,497.45
37,551.70
Tangible Book Value
8,560.58
9,507.40
9,633.32
10,434.27
10,620.47
Total Debt
19,600.79
20,841.97
22,493.72
26,180.93
26,039.46
Net Debt
Share Issued
2.54
2.54
2.51
2.49
2.44
Ordinary Shares Number
2.53
2.53
2.51
2.44
2.43
CASH FLOW STATEMENTS
A companies statement of cash flows gives an investor a break down of the cash inflows and outflows from a companies operations and investment activities.
FISCAL YEAR (BIL.)
2022 ($)
2023 ($)
2024 ($)
2025 ($)
TTM ($)
Cash Flow from Continuing Operating Activities
Net Income from Continuing Operations
Depreciation and Amortization
Deferred Tax
Deferred Income Tax
Stock-Based Compensation
Other Non-Cash Items
Change in Working Capital
Change in Receivables
Changes in Account Receivables
Change in Inventory
Change in Payables and Accrued Expense
Change in Payable
Change in Account Payable
Change in Other Current Assets
Change in Other Current Liabilities
Change in Other Working Capital
Cash Flow from Continuing Investing Activities
Net PPE Purchase and Sale
Net Business Purchase and Sale
Purchase of Business
Net Investment Purchase and Sale
Purchase of Investment
Sale of Investment
Net Other Investing Changes
Financing Cash Flow
Cash Flow from Continuing Financing Activities
Net Issuance Payments of Debt
Net Long-Term Debt Issuance
Long-Term Debt Issuance
Long-Term Debt Payments
Net Short-Term Debt Issuance
Net Common Stock Issuance
Common Stock Issuance
Common Stock Payments
Cash Dividends Paid
Net Other Financing Charges
End Cash Position
Changes in Cash
Beginning Cash Position
Capital Expenditure
Issuance of Capital Stock
Issuance of Debt
Repayment of Debt
Repurchase of Capital Stock
Free Cash Flow