Noah Holdings (NOAH) Net Margin (2016 - 2025)
Noah Holdings (NOAH) reported Net Margin of 46.89% for Q4 2025, down 677.0% on a YoY basis from 8.13% in Q4 2024, and up 10.84% quarter-over-quarter from 42.3% in Q3 2025.
Noah Holdings (NOAH) Net Margin (2016 - 2025) Analysis & Trends
Noah Holdings has reported Net Margin for 10 years, with the latest figure at 46.89% in Q4 2025.
- For the quarter ending Q4 2025, Net Margin fell 677.0% year-over-year to 46.89%; the trailing twelve-month figure through Dec 2025 stood at 44.06% (up 63.0% YoY), and the FY2025 full-year result was 21.11%, up 253.0% from the prior year.
- Net Margin for Q4 2025 stood at 46.89%, up from 42.3% in the prior quarter.
- The five-year high for Net Margin was 59.07% in Q2 2022, with the low at 14.57% in Q4 2021.
- Historically, Net Margin has averaged 43.23% across 5 years, with a median of 45.94% in 2022.
- The largest YoY upside for Net Margin was 17544 bps in 2021 against a maximum downside of 1645 bps in 2021.
- Noah Holdings' Net Margin stood at 14.57% in 2021, then surged by 94 bps to 28.26% in 2022, then gained by 1 bps to 28.6% in 2023, then jumped by 88 bps to 53.66% in 2024, then declined by 13 bps to 46.89% in 2025.
- The last three Net Margin figures came in at 46.89% (Q4 2025), 42.3% (Q3 2025), and 40.7% (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 163.18 Bn | 153.56 Bn | - | 34.73% |
| 2 | Blackstone | 96.85 Bn | 95.80 Bn | - | 34.77% |
| 3 | Kkr | 86.45 Bn | 133.96 Bn | - | 8.45% |
| 4 | Apollo Global Management | 82.30 Bn | 101.04 Bn | 5.04 Bn | -38.15% |
| 5 | State Street | 46.95 Bn | 21.27 Bn | - | 18.57% |
| 6 | Ameriprise Financial | 43.65 Bn | 43.52 Bn | 4.57 Bn | 18.73% |
| 7 | Northern Trust | 31.92 Bn | 31.92 Bn | - | 37.97% |
| 8 | Raymond James Financial | 30.62 Bn | 19.37 Bn | - | 12.72% |
| 9 | Ares Management | 29.04 Bn | 32.41 Bn | - | 8.40% |
| 10 | Noah Holdings | 506.01 Mn | 433.74 Mn | 96.16 Mn | 46.89% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 46.89% |
| Sep 30, 2025 | 42.30% |
| Jun 30, 2025 | 40.70% |
| Mar 31, 2025 | 45.90% |
| Dec 31, 2024 | 53.66% |
| Sep 30, 2024 | 47.41% |
| Jun 30, 2024 | 38.30% |
| Mar 31, 2024 | 33.79% |
| Dec 31, 2023 | 28.60% |
| Sep 30, 2023 | 49.73% |
| Jun 30, 2023 | 52.15% |
| Mar 31, 2023 | 47.33% |
| Dec 31, 2022 | 28.26% |
| Sep 30, 2022 | 45.97% |
| Jun 30, 2022 | 59.07% |
| Mar 31, 2022 | 53.83% |
| Dec 31, 2021 | 14.57% |
| Sep 30, 2021 | 35.82% |
| Jun 30, 2021 | 43.55% |
| Mar 31, 2021 | 56.86% |