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
DateValue
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%