Noah Holdings (NOAH) Operating Income (2016 - 2025)
Noah Holdings' (NOAH) quarterly Operating Income came in at $36.9 million in Q4 2025, up 95.55% YoY from $18.8 million in Q4 2024, and up 52.63% on a QoQ basis from $24.1 million in Q3 2025.
Noah Holdings (NOAH) Operating Income (2016 - 2025) Analysis & Trends
Noah Holdings (NOAH) has 10 years of Operating Income data on file, last reported at $36.9 million in Q4 2025.
- Quarterly Operating Income rose 95.55% year-over-year to $36.9 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $109.1 million (up 23.39% YoY) and the FY2025 annual result came in at $111.1 million, up 27.89% from the prior year.
- Operating Income grew to $36.9 million in Q4 2025, from $24.1 million in the prior quarter.
- In the past five years, Operating Income ranged from a high of $76.7 million in Q1 2021 to a low of $16.8 million in Q1 2024.
- A 5-year average of $34.9 million and a median of $33.3 million in 2022 frame the typical range for Operating Income.
- Annual changes were most pronounced in 2021 — Operating Income jumped 111.87% — and 2024, when it sank 61.73%.
- Tracing NOAH's Operating Income over 5 years: stood at $20.8 million in 2021, then surged by 53.48% to $31.9 million in 2022, then fell by 2.42% to $31.1 million in 2023, then tumbled by 39.38% to $18.8 million in 2024, then surged by 95.55% to $36.9 million in 2025.
- The last three Operating Income figures came in at $36.9 million (Q4 2025), $24.1 million (Q3 2025), and $22.5 million (Q2 2025), per Business Quant data.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 176.99 Bn | 163.12 Bn | - | 2.46 Bn |
| 2 | Blackstone | 113.16 Bn | 110.65 Bn | - | - |
| 3 | Kkr | 96.05 Bn | -181.02 Bn | - | 2.04 Bn |
| 4 | Brookfield | 92.54 Bn | 45.14 Bn | - | - |
| 5 | Brookfield Asset Management | 82.31 Bn | 80.81 Bn | - | - |
| 6 | Apollo Global Management | 77.14 Bn | 51.77 Bn | 10.54 Bn | 5.35 Bn |
| 7 | State Street | 50.64 Bn | 50.64 Bn | - | - |
| 8 | Ameriprise Financial | 50.31 Bn | 39.27 Bn | 4.72 Bn | 1.22 Bn |
| 9 | Northern Trust | 33.61 Bn | 33.61 Bn | - | - |
| 10 | Noah Holdings | 613.84 Mn | -93.72 Mn | 96.70 Mn | 36.86 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 36.86 Mn |
| Sep 30, 2025 | 24.15 Mn |
| Jun 30, 2025 | 22.48 Mn |
| Mar 31, 2025 | 25.63 Mn |
| Dec 31, 2024 | 18.85 Mn |
| Sep 30, 2024 | 34.32 Mn |
| Jun 30, 2024 | 18.44 Mn |
| Mar 31, 2024 | 16.83 Mn |
| Dec 31, 2023 | 31.09 Mn |
| Sep 30, 2023 | 34.11 Mn |
| Jun 30, 2023 | 48.19 Mn |
| Mar 31, 2023 | 40.61 Mn |
| Dec 31, 2022 | 31.86 Mn |
| Sep 30, 2022 | 32.58 Mn |
| Jun 30, 2022 | 48.24 Mn |
| Mar 31, 2022 | 49.50 Mn |
| Dec 31, 2021 | 20.76 Mn |
| Sep 30, 2021 | 35.52 Mn |
| Jun 30, 2021 | 51.94 Mn |
| Mar 31, 2021 | 76.68 Mn |