Noah Holdings (NOAH) Net Margin (2016 - 2026)
Noah Holdings' Net Margin was 37.10% in the quarter ended Jun 30, 2026, up 8.96 percentage points from 28.14% a year earlier and up 17.33 percentage points from the prior quarter.
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Analysis
Noah Holdings (NOAH) Net Margin (2016 - 2026) Analysis & Trends
On a trailing twelve-month basis, Noah Holdings' Net Margin was 22.28% through Jun 30, 2026, up 0.30 percentage points year-over-year; for the year ended Dec 31, 2025, it was 21.25%, up 3.11 percentage points from the prior year.
- Net Margin shows a five-year change of +43.67 percentage points (years ended Dec 2020 to Dec 2025).
- In earlier years, Net Margin was 18.14% in the year ended Dec 31, 2024 (-12.29 pp), 30.43% in the year ended Dec 31, 2023 (-1.64 pp), 32.06% in the year ended Dec 31, 2022 (+1.69 pp) and 30.37% in the year ended Dec 31, 2021 (+52.79 pp).
- The figure for the quarter ended Jun 30, 2026 marks the highest quarterly Net Margin since the quarter ended Jun 30, 2022.
- Compared with a year earlier, Net Margin was higher in four of the last eight quarters, with an average year-over-year change of -0.18 percentage points.
- The best year-over-year quarter for Net Margin over five years was the quarter ended Dec 31, 2021 (a gain of 186.18 percentage points); the worst was the quarter ended Jun 30, 2024 (a drop of 17.30 percentage points).
- Per Business Quant data, NOAH's Net Margin in the three quarters before the quarter ended Jun 30, 2026 was 19.76% (quarter ended Mar 31, 2026), 1.34% (quarter ended Dec 31, 2025) and 34.24% (quarter ended Sep 30, 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 166.01 Bn | 112.36 Bn | - | 27.02% |
| 2 | Spdr Gold Trust | 133.03 Bn | -424.98 Bn | - | - |
| 3 | Blackstone | 86.20 Bn | 81.13 Bn | - | 24.37% |
| 4 | Kkr | 83.71 Bn | 50.19 Bn | - | 11.53% |
| 5 | Brookfield | 81.54 Bn | -83.85 Bn | 4.47 Bn | 0.00% |
| 6 | Brookfield Asset Management | 71.09 Bn | 67.34 Bn | - | 51.57% |
| 7 | Apollo Global Management | 68.54 Bn | 6.22 Bn | 10.56 Bn | 11.98% |
| 8 | Wheaton Precious Metals | 61.57 Bn | 57.00 Bn | 687.86 Mn | 58.46% |
| 9 | Franco Nevada | 47.40 Bn | 44.76 Bn | 451.00 Mn | 60.94% |
| 10 | Noah Holdings | 534.40 Mn | -2.33 Bn | - | 37.10% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 37.10% |
| Mar 31, 2026 | 19.76% |
| Dec 31, 2025 | 1.34% |
| Sep 30, 2025 | 34.24% |
| Jun 30, 2025 | 28.14% |
| Mar 31, 2025 | 24.02% |
| Dec 31, 2024 | 16.68% |
| Sep 30, 2024 | 19.52% |
| Jun 30, 2024 | 16.08% |
| Mar 31, 2024 | 20.10% |
| Dec 31, 2023 | 26.78% |
| Sep 30, 2023 | 30.90% |
| Jun 30, 2023 | 33.38% |
| Mar 31, 2023 | 30.18% |
| Dec 31, 2022 | 15.78% |
| Sep 30, 2022 | 26.38% |
| Jun 30, 2022 | 46.63% |
| Mar 31, 2022 | 38.04% |
| Dec 31, 2021 | 22.11% |
| Sep 30, 2021 | 29.73% |
API Access
Noah Holdings Net Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=net-margin&ticker=NOAH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "ticker": "NOAH", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=net-margin&ticker=NOAH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();