Noah Holdings (NOAH) Operating Expenses (2016 - 2026)
Noah Holdings (NOAH) posted Operating Expenses of -$59.56 million for the quarter ended Jun 30, 2026, compared with -$65.4 million a year earlier.
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Analysis
Noah Holdings (NOAH) Operating Expenses (2016 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Operating Expenses at Noah Holdings was -$248.75 million; for the year ended Dec 31, 2025, it came in at -$262.2 million.
- In prior years, Noah Holdings' Operating Expenses was -$269.49 million in the year ended Dec 31, 2024, -$309.41 million in the year ended Dec 31, 2023, -$291.7 million in the year ended Dec 31, 2022 and -$485.55 million in the year ended Dec 31, 2021.
- Quarterly Operating Expenses has run from a low of -$176.97 million in the quarter ended Dec 31, 2021 to a high of -$56.44 million in the quarter ended Mar 31, 2026 over five years.
- According to Business Quant data, Operating Expenses for the three prior quarters was -$56.44 million (quarter ended Mar 31, 2026), -$68 million (quarter ended Dec 31, 2025) and -$64.76 million (quarter ended Sep 30, 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 188.98 Bn | 145.51 Bn | - | 5.42 Bn |
| 2 | Spdr Gold Trust | 130.03 Bn | -427.97 Bn | - | 149.76 Mn |
| 3 | Brookfield | 104.97 Bn | -79.04 Bn | - | 14.94 Bn |
| 4 | Blackstone | 93.15 Bn | 87.36 Bn | - | 1.63 Bn |
| 5 | Kkr | 90.40 Bn | 57.10 Bn | 1.76 Bn | 3.72 Bn |
| 6 | Brookfield Asset Management | 85.45 Bn | 80.34 Bn | - | 915.00 Mn |
| 7 | Apollo Global Management | 72.50 Bn | 89.29 Bn | 4.14 Bn | 6.21 Bn |
| 8 | Wheaton Precious Metals | 62.02 Bn | 62.02 Bn | 538.50 Mn | 138.12 Mn |
| 9 | Ares Management | 50.21 Bn | 48.79 Bn | 376.28 Mn | 1.15 Bn |
| 10 | Noah Holdings | 453.94 Mn | -2.43 Bn | - | 59.56 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 59.56 Mn |
| Mar 31, 2026 | 56.44 Mn |
| Dec 31, 2025 | 68.00 Mn |
| Sep 30, 2025 | 64.76 Mn |
| Jun 30, 2025 | 65.40 Mn |
| Mar 31, 2025 | 59.06 Mn |
| Dec 31, 2024 | 70.46 Mn |
| Sep 30, 2024 | 63.11 Mn |
| Jun 30, 2024 | 66.30 Mn |
| Mar 31, 2024 | 73.14 Mn |
| Dec 31, 2023 | 81.52 Mn |
| Sep 30, 2023 | 68.68 Mn |
| Jun 30, 2023 | 81.69 Mn |
| Mar 31, 2023 | 76.38 Mn |
| Dec 31, 2022 | 96.03 Mn |
| Sep 30, 2022 | 63.64 Mn |
| Jun 30, 2022 | 61.96 Mn |
| Mar 31, 2022 | 76.02 Mn |
| Dec 31, 2021 | 176.97 Mn |
| Sep 30, 2021 | 105.54 Mn |
API Access
Noah Holdings Operating Expenses 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=operating-expenses&ticker=NOAH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "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=operating-expenses&ticker=NOAH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();