Noah Holdings (NOAH) Accumulated Expenses (2010 - 2025)

Noah Holdings (NOAH) posted Accumulated Expenses of $6.5 million for Q4 2025, down 88.76% on a QoQ basis from $57.5 million in Q4 2024, and down 88.76% year-over-year from $57.5 million in Q4 2024.

Noah Holdings (NOAH) has 16 years of Accumulated Expenses data on file, last reported at $6.5 million in Q4 2025.

  • In Q4 2025, Accumulated Expenses fell 88.76% year-over-year to $6.5 million; the TTM figure through Dec 2025 stood at $6.5 million (down 88.76% YoY), while the FY2025 annual figure was $6.6 million, down 88.41% from the prior year.
  • Accumulated Expenses eased to $6.5 million in Q4 2025, from $57.5 million in the prior quarter.
  • Across five years, Accumulated Expenses topped out at $148.0 million in Q4 2021 and bottomed at $6.5 million in Q4 2025.
  • A 5-year average of $76.9 million and a median of $78.3 million in 2023 frame the typical range for Accumulated Expenses.
  • Annual changes were most pronounced in 2021 — Accumulated Expenses soared 589.42% — and 2025, when it slumped 88.76%.
  • Year by year, Accumulated Expenses stood at $148.0 million in 2021, then sank by 36.47% to $94.1 million in 2022, then retreated by 16.7% to $78.3 million in 2023, then declined by 26.66% to $57.5 million in 2024, then slumped by 88.76% to $6.5 million in 2025.
  • The last three Accumulated Expenses figures came in at $6.5 million (Q4 2025), $57.5 million (Q4 2024), and $78.3 million (Q4 2023), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 BlackRock 158.51 Bn 148.89 Bn -
2 Blackstone 92.68 Bn 91.63 Bn -
3 Kkr 84.94 Bn 132.45 Bn -
4 Brookfield Asset Management 77.34 Bn 77.68 Bn -
5 Apollo Global Management 76.27 Bn 95.00 Bn 5.04 Bn
6 State Street 44.42 Bn 18.75 Bn -
7 Ameriprise Financial 41.68 Bn 41.55 Bn 4.57 Bn
8 Northern Trust 31.21 Bn 31.21 Bn -
9 Ares Management 28.85 Bn 32.22 Bn -
10 Noah Holdings 521.74 Mn 449.47 Mn -

Historic Data

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DateValue
Dec 31, 2025 6.46 Mn
Sep 30, 2025 48.64 Mn
Jun 30, 2025 45.32 Mn
Mar 31, 2025 58.21 Mn
Dec 31, 2024 57.46 Mn
Sep 30, 2024 38.52 Mn
Jun 30, 2024 47.69 Mn
Mar 31, 2024 81.14 Mn
Dec 31, 2023 78.35 Mn
Sep 30, 2023 74.73 Mn
Jun 30, 2023 77.51 Mn
Mar 31, 2023 107.87 Mn
Dec 31, 2022 94.06 Mn
Sep 30, 2022 76.40 Mn
Jun 30, 2022 92.40 Mn
Mar 31, 2022 138.87 Mn
Dec 31, 2021 148.05 Mn
Sep 30, 2021 79.84 Mn
Jun 30, 2021 76.16 Mn
Mar 31, 2021 128.82 Mn
Dec 31, 2020 21.47 Mn
Sep 30, 2020 75.12 Mn
Jun 30, 2020 65.33 Mn
Mar 31, 2020 91.01 Mn
Dec 31, 2019 20.29 Mn
Sep 30, 2019 60.55 Mn
Jun 30, 2019 67.17 Mn
Mar 31, 2019 108.45 Mn
Dec 31, 2018 22.10 Mn
Sep 30, 2018 82.32 Mn
Jun 30, 2018 72.49 Mn
Mar 31, 2018 89.87 Mn
Dec 31, 2017 94.08 Mn
Sep 30, 2017 73.94 Mn
Jun 30, 2017 63.65 Mn
Mar 31, 2017 55.82 Mn
Dec 31, 2016 1.23 Mn
Sep 30, 2016 63.40 Mn
Jun 30, 2016 61.84 Mn
Mar 31, 2016 50.17 Mn
Dec 31, 2015 77.53 Mn
Sep 30, 2015 55.44 Mn
Jun 30, 2015 51.24 Mn
Mar 31, 2015 34.09 Mn
Dec 31, 2014 52.21 Mn
Sep 30, 2014 41.52 Mn
Jun 30, 2014 36.02 Mn
Mar 31, 2014 21.82 Mn
Dec 31, 2013 29.50 Mn
Sep 30, 2013 21.88 Mn
Jun 30, 2013 17.42 Mn
Mar 31, 2013 10.00 Mn
Dec 31, 2012 11.93 Mn
Sep 30, 2012 7.54 Mn
Jun 30, 2012 6.36 Mn
Mar 31, 2012 6.31 Mn
Dec 31, 2011 1.32 Mn
Sep 30, 2011 8.24 Mn
Jun 30, 2011 7.74 Mn
Mar 31, 2011 3.43 Mn
Dec 31, 2010 4.62 Mn
Sep 30, 2010 2.75 Mn
Jun 30, 2010 2.00 Mn