Noah Holdings (NOAH) Net Margin (2016 - 2025)
Noah Holdings' (NOAH) quarterly Net Margin came in at 1.75% in Q4 2025, down 1509.0% YoY from 0.12% in Q4 2024, and down 94.94% on a QoQ basis from 34.52% in Q3 2025.
Noah Holdings (NOAH) Net Margin (2016 - 2025) Analysis & Trends
Noah Holdings (NOAH) has 10 years of Net Margin data on file, last reported at 1.75% in Q4 2025.
- Quarterly Net Margin fell 1509.0% year-over-year to 1.75% in Q4 2025, while the trailing twelve-month figure through Dec 2025 was 21.29% (up 299.0% YoY) and the FY2025 annual result came in at 21.41%, up 327.0% from the prior year.
- Net Margin eased to 1.75% in Q4 2025, from 34.52% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 47.28% in Q2 2022 to a low of 1.75% in Q4 2025.
- A 5-year average of 26.77% and a median of 27.72% in 2025 frame the typical range for Net Margin.
- Annual changes were most pronounced in 2021 — Net Margin jumped 2226 bps — and 2024, when it slumped 1729 bps.
- Tracing NOAH's Net Margin over 5 years: stood at 22.25% in 2021, then retreated by 29 bps to 15.86% in 2022, then soared by 71 bps to 27.08% in 2023, then tumbled by 38 bps to 16.84% in 2024, then tumbled by 90 bps to 1.75% in 2025.
- The last three Net Margin figures came in at 1.75% (Q4 2025), 34.52% (Q3 2025), and 28.37% (Q2 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 176.99 Bn | 163.12 Bn | - | 27.15% |
| 2 | Blackstone | 113.16 Bn | 110.65 Bn | - | 46.71% |
| 3 | Kkr | 96.05 Bn | -181.02 Bn | - | 11.53% |
| 4 | Brookfield | 92.54 Bn | 45.14 Bn | - | 1.88% |
| 5 | Brookfield Asset Management | 82.31 Bn | 80.81 Bn | - | 51.57% |
| 6 | Apollo Global Management | 77.14 Bn | 51.77 Bn | 10.54 Bn | 11.98% |
| 7 | State Street | 50.64 Bn | 50.64 Bn | - | 25.35% |
| 8 | Ameriprise Financial | 50.31 Bn | 39.27 Bn | 4.72 Bn | 22.20% |
| 9 | Northern Trust | 33.61 Bn | 33.61 Bn | - | 58.35% |
| 10 | Noah Holdings | 613.84 Mn | -93.72 Mn | 96.70 Mn | 1.74% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 1.75% |
| Sep 30, 2025 | 34.52% |
| Jun 30, 2025 | 28.37% |
| Mar 31, 2025 | 24.23% |
| Dec 31, 2024 | 16.84% |
| Sep 30, 2024 | 19.66% |
| Jun 30, 2024 | 16.20% |
| Mar 31, 2024 | 20.24% |
| Dec 31, 2023 | 27.08% |
| Sep 30, 2023 | 31.11% |
| Jun 30, 2023 | 33.49% |
| Mar 31, 2023 | 30.39% |
| Dec 31, 2022 | 15.86% |
| Sep 30, 2022 | 26.65% |
| Jun 30, 2022 | 47.28% |
| Mar 31, 2022 | 38.36% |
| Dec 31, 2021 | 22.25% |
| Sep 30, 2021 | 30.06% |
| Jun 30, 2021 | 33.97% |
| Mar 31, 2021 | 37.08% |