Noah Holdings (NOAH) Operating Income (2016 - 2025)
Noah Holdings (NOAH) posted Operating Income of $36.9 million for Q4 2025, up 52.63% on a QoQ basis from $24.1 million in Q3 2025, and up 95.55% year-over-year from $18.8 million in Q4 2024.
Noah Holdings (NOAH) Operating Income (2016 - 2025) Analysis & Trends
Noah Holdings' Operating Income history runs 10 years deep, the most recent figure standing at $36.9 million for 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 was $36.9 million for Q4 2025 at Noah Holdings, up from $24.1 million in the prior quarter.
- Across five years, Operating Income topped out at $76.7 million in Q1 2021 and bottomed at $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 plunged 61.73%.
- Noah Holdings' Operating Income stood at $20.8 million in 2021, then jumped by 53.48% to $31.9 million in 2022, then decreased by 2.42% to $31.1 million in 2023, then sank by 39.38% to $18.8 million in 2024, then jumped by 95.55% to $36.9 million in 2025.
- Business Quant data shows NOAH's Operating Income at $36.9 million in Q4 2025, $24.1 million in Q3 2025, and $22.5 million in Q2 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Brookfield | 1,236.60 Bn | 1,311.20 Bn | 18.56 Bn | 32.70 Bn |
| 2 | BlackRock | 161.01 Bn | 148.08 Bn | - | 2.81 Bn |
| 3 | Blackstone | 97.77 Bn | 96.72 Bn | - | - |
| 4 | Apollo Global Management | 70.80 Bn | 90.38 Bn | -409.00 Mn | 54.00 Mn |
| 5 | State Street | 51.30 Bn | 51.30 Bn | - | - |
| 6 | Ameriprise Financial | 48.54 Bn | 39.27 Bn | 4.57 Bn | 901.00 Mn |
| 7 | Northern Trust | 32.93 Bn | 32.93 Bn | - | - |
| 8 | Raymond James Financial | 32.59 Bn | 17.67 Bn | - | - |
| 9 | Price T Rowe | 24.70 Bn | 21.13 Bn | - | 680.50 Mn |
| 10 | Noah Holdings | 42.59 Mn | -642.97 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 |