Noah Holdings (NOAH) Gross Margin (2016 - 2025)
Noah Holdings' (NOAH) quarterly Gross Margin came in at 91.71% in Q4 2025, up 9170.0% YoY from 0.99% in Q4 2024, and up 2.86% on a QoQ basis from 89.16% in Q3 2025.
Noah Holdings (NOAH) Gross Margin (2016 - 2025) Analysis & Trends
Noah Holdings (NOAH) has 10 years of Gross Margin data on file, last reported at 91.71% in Q4 2025.
- Quarterly Gross Margin rose 9170.0% year-over-year to 91.71% in Q4 2025, while the trailing twelve-month figure through Dec 2025 was 69.05% (up 2219.0% YoY) and the FY2025 annual result came in at 88.99%, up 8899.0% from the prior year.
- Gross Margin improved to 91.71% in Q4 2025, from 89.16% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 92.47% in Q1 2022 to a low of 0.0% in Q4 2024.
- A 5-year average of 66.71% and a median of 88.5% in 2021 frame the typical range for Gross Margin.
- Annual changes were most pronounced in 2022 — Gross Margin soared 9247 bps — and 2024, when it tumbled 8810 bps.
- Tracing NOAH's Gross Margin over 5 years: 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), 89.16% (Q3 2025), and 0.0% (Q2 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 176.99 Bn | 163.12 Bn | - | - |
| 2 | Blackstone | 113.16 Bn | 110.65 Bn | - | - |
| 3 | Kkr | 96.05 Bn | -181.02 Bn | - | - |
| 4 | Brookfield | 92.54 Bn | 45.14 Bn | - | - |
| 5 | Brookfield Asset Management | 82.31 Bn | 80.81 Bn | - | - |
| 6 | Apollo Global Management | 77.14 Bn | 51.77 Bn | 10.54 Bn | 94.50% |
| 7 | State Street | 50.64 Bn | 50.64 Bn | - | - |
| 8 | Ameriprise Financial | 50.31 Bn | 39.27 Bn | 4.72 Bn | 94.14% |
| 9 | Northern Trust | 33.61 Bn | 33.61 Bn | - | - |
| 10 | Noah Holdings | 613.84 Mn | -93.72 Mn | 96.70 Mn | 91.75% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 91.71% |
| Sep 30, 2025 | 89.16% |
| Jun 30, 2025 | 0.00% |
| Mar 31, 2025 | 91.53% |
| Dec 31, 2024 | 0.00% |
| Sep 30, 2024 | 90.36% |
| Jun 30, 2024 | 0.00% |
| Mar 31, 2024 | 90.40% |
| Dec 31, 2023 | 0.00% |
| Sep 30, 2023 | 84.04% |
| Jun 30, 2023 | 88.11% |
| Mar 31, 2023 | 87.97% |
| Dec 31, 2022 | 83.81% |
| Sep 30, 2022 | 88.90% |
| Jun 30, 2022 | 90.47% |
| Mar 31, 2022 | 92.47% |
| Dec 31, 2021 | 88.90% |
| Sep 30, 2021 | 87.42% |
| Jun 30, 2021 | 88.94% |
| Mar 31, 2021 | 0.00% |