Noah Holdings (NOAH) Gross Margin (2016 - 2026)
Noah Holdings' (NOAH) quarterly Gross Margin came in at 90.63% in Q2 2026, up 9063.0% on a YoY basis from 0.99% in Q2 2025, and down 3.4% quarter-over-quarter from 93.82% in Q1 2026.
Analysis
Noah Holdings (NOAH) Gross Margin (2016 - 2026) Analysis & Trends
Noah Holdings (NOAH) has reported Gross Margin for 11 consecutive years, with 90.63% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Gross Margin rose 9063.0% year-over-year to 90.63%; the trailing twelve-month figure through Jun 2026 stood at 91.24% (up 4564.0% YoY), and the FY2025 full-year result was 88.26%, up 8826.0% from the prior year.
- Gross Margin declined to 90.63% in Q2 2026 per NOAH's latest filing, from 93.82% in the prior quarter.
- Across five years, Gross Margin topped out at 93.82% in Q1 2026 and bottomed at 0.0% in Q4 2024.
- Historically, Gross Margin has averaged 70.06% across 5 years, with a median of 89.66% in 2025.
- The sharpest annual moves came in 2022 and 2024: Gross Margin surged 9236 bps in 2022, then plunged 9122 bps in 2024.
- Over 5 years, Gross Margin stood at 83.81% in 2022, then sank by 100 bps to 0.0% in 2023, then fell by 3 bps to 0.0% in 2024, then surged by 2788195 bps to 91.71% in 2025, then declined by 1 bps to 90.63% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 90.63%, 93.82%, and 91.71% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 173.88 Bn | 160.24 Bn | - | - |
| 2 | Spdr Gold Trust | 143.21 Bn | -414.80 Bn | - | - |
| 3 | World Gold Trust | 30.03 Bn | -73.04 Bn | - | - |
| 4 | Ishares Gold Trust | 27.84 Bn | -32.27 Bn | - | - |
| 5 | Principal Financial | 25.04 Bn | -27.21 Bn | 1.91 Bn | 49.00% |
| 6 | iShares Silver Trust | 23.18 Bn | -5.03 Bn | - | - |
| 7 | Franklin Resources | 17.63 Bn | 15.39 Bn | - | - |
| 8 | Invesco | 14.60 Bn | 14.32 Bn | 1.79 Bn | 97.99% |
| 9 | Affiliated Managers | 9.57 Bn | 10.05 Bn | - | - |
| 10 | Noah Holdings | 567.26 Mn | -148.70 Mn | 82.80 Mn | 90.63% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 90.63% |
| Mar 31, 2026 | 93.82% |
| Dec 31, 2025 | 91.71% |
| Sep 30, 2025 | 88.68% |
| Jun 30, 2025 | 0.00% |
| Mar 31, 2025 | 91.69% |
| Dec 31, 2024 | 0.00% |
| Sep 30, 2024 | 88.47% |
| Jun 30, 2024 | 0.00% |
| Mar 31, 2024 | 91.28% |
| Dec 31, 2023 | 0.00% |
| Sep 30, 2023 | 84.77% |
| Jun 30, 2023 | 91.22% |
| Mar 31, 2023 | 88.31% |
| Dec 31, 2022 | 83.81% |
| Sep 30, 2022 | 92.45% |
| Jun 30, 2022 | 91.90% |
| Mar 31, 2022 | 92.36% |
| Dec 31, 2021 | 88.90% |
| Sep 30, 2021 | 87.42% |