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Noah Holdings (NOAH) Operating Expenses (2016 - 2025)

Noah Holdings filings provide 10 years of Operating Expenses readings, the most recent being -$68.0 million for Q4 2025.

  • On a quarterly basis, Operating Expenses rose 3.5% to -$68.0 million in Q4 2025 year-over-year; TTM through Dec 2025 was -$257.2 million, a 5.79% increase, with the full-year FY2025 number at $262.2 million, down 2.71% from a year prior.
  • Operating Expenses hit -$68.0 million in Q4 2025 for Noah Holdings, down from -$64.8 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of -$59.1 million in Q1 2025 to a low of -$177.0 million in Q4 2021.
  • Median Operating Expenses over the past 5 years was -$71.8 million (2024), compared with a mean of -$80.8 million.
  • Biggest five-year swings in Operating Expenses: crashed 86.93% in 2021 and later surged 45.74% in 2022.
  • Noah Holdings' Operating Expenses stood at -$177.0 million in 2021, then surged by 45.74% to -$96.0 million in 2022, then grew by 15.11% to -$81.5 million in 2023, then grew by 13.56% to -$70.5 million in 2024, then increased by 3.5% to -$68.0 million in 2025.
  • The last three reported values for Operating Expenses were -$68.0 million (Q4 2025), -$64.8 million (Q3 2025), and -$65.4 million (Q2 2025) per Business Quant data.