Noah Holdings (NOAH) Gross Margin (2016 - 2025)

Noah Holdings has reported Gross Margin for 10 years, with the latest figure at 91.71% in Q4 2025.

• For the quarter ending Q4 2025, Gross Margin rose 9170.0% year-over-year to 91.71%; the trailing twelve-month figure through Dec 2025 stood at 68.93% (up 2258.0% YoY), and the FY2025 full-year result was 90.16%, up 9016.0% from the prior year.
• Gross Margin for Q4 2025 stood at 91.71%, up from 88.68% in the prior quarter.
• The five-year high for Gross Margin was 92.45% in Q3 2022, with the low at 0.0% in Q4 2024.
• Historically, Gross Margin has averaged 66.76% across 5 years, with a median of 88.39% in 2023.
• Annual changes were most pronounced in 2022 — Gross Margin jumped 9236 bps — and 2024, when it tumbled 8810 bps.
• Noah Holdings' Gross Margin stood at 88.9% in 2021, then dropped by 6 bps to 83.81% in 2022, then tumbled by 100 bps to 0.0% in 2023, then dropped by 3 bps to 0.0% in 2024, then soared by 2788195 bps to 91.71% in 2025.
• The last three Gross Margin figures came in at 91.71% (Q4 2025), 88.68% (Q3 2025), and 0.0% (Q2 2025), per Business Quant data.