Noah Holdings (NOAH) Operating Income (2016 - 2025)
Noah Holdings (NOAH) reported Operating Income of $36.9 million for Q4 2025, up 95.55% on a YoY basis from $18.8 million in Q4 2024, and up 52.63% quarter-over-quarter from $24.1 million in Q3 2025.
Noah Holdings (NOAH) Operating Income (2016 - 2025) Analysis & Trends
Noah Holdings has reported Operating Income for 10 years, with the latest figure at $36.9 million in Q4 2025.
- For the quarter ending Q4 2025, Operating Income rose 95.55% year-over-year to $36.9 million; the trailing twelve-month figure through Dec 2025 stood at $109.1 million (up 23.39% YoY), and the FY2025 full-year result was $111.1 million, up 27.89% from the prior year.
- Operating Income for Q4 2025 stood at $36.9 million, up from $24.1 million in the prior quarter.
- The five-year high for Operating Income was $76.7 million in Q1 2021, with the low at $16.8 million in Q1 2024.
- Historically, Operating Income has averaged $34.9 million across 5 years, with a median of $33.3 million in 2022.
- Annual changes were most pronounced in 2021 — Operating Income jumped 111.87% — and 2024, when it sank 61.73%.
- Noah Holdings' Operating Income 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.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 163.18 Bn | 153.56 Bn | - | 2.81 Bn |
| 2 | Blackstone | 96.85 Bn | 95.80 Bn | - | - |
| 3 | Kkr | 86.45 Bn | 133.96 Bn | - | 1.99 Bn |
| 4 | Apollo Global Management | 82.30 Bn | 101.04 Bn | 5.04 Bn | 79.00 Mn |
| 5 | State Street | 46.95 Bn | 21.27 Bn | - | - |
| 6 | Ameriprise Financial | 43.65 Bn | 43.52 Bn | 4.57 Bn | 901.00 Mn |
| 7 | Northern Trust | 31.92 Bn | 31.92 Bn | - | - |
| 8 | Raymond James Financial | 30.62 Bn | 19.37 Bn | - | - |
| 9 | Ares Management | 29.04 Bn | 32.41 Bn | - | - |
| 10 | Noah Holdings | 506.01 Mn | 433.74 Mn | 96.16 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 |