Noah Holdings (NOAH) Operating Leases (2019 - 2025)
Noah Holdings' (NOAH) quarterly Operating Leases came in at $8.5 million in Q4 2025, down 19.29% YoY from $10.5 million in Q4 2024, and up 1.56% on a QoQ basis from $8.4 million in Q3 2025.
Noah Holdings (NOAH) Operating Leases (2019 - 2025) Analysis & Trends
Noah Holdings (NOAH) has 7 years of Operating Leases data on file, last reported at $8.5 million in Q4 2025.
- Quarterly Operating Leases fell 19.29% year-over-year to $8.5 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $8.5 million (down 19.29% YoY) and the FY2025 annual result came in at $8.6 million, down 16.82% from the prior year.
- Operating Leases climbed to $8.5 million in Q4 2025, from $8.4 million in the prior quarter.
- In the past five years, Operating Leases ranged from a high of $27.5 million in Q1 2021 to a low of $7.6 million in Q2 2024.
- A 5-year average of $13.9 million and a median of $11.0 million in 2023 frame the typical range for Operating Leases.
- Annual changes were most pronounced in 2021 — Operating Leases tumbled 46.54% — and 2025, when it increased 28.27%.
- Tracing NOAH's Operating Leases over 5 years: stood at $20.5 million in 2021, then slumped by 42.91% to $11.7 million in 2022, then retreated by 9.1% to $10.6 million in 2023, then fell by 0.82% to $10.5 million in 2024, then slipped by 19.29% to $8.5 million in 2025.
- The last three Operating Leases figures came in at $8.5 million (Q4 2025), $8.4 million (Q3 2025), and $9.7 million (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | BlackRock | 176.99 Bn | 163.12 Bn | - |
| 2 | Blackstone | 113.16 Bn | 110.65 Bn | - |
| 3 | Kkr | 96.05 Bn | -181.02 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 |
| 7 | State Street | 50.64 Bn | 50.64 Bn | - |
| 8 | Ameriprise Financial | 50.31 Bn | 39.27 Bn | 4.72 Bn |
| 9 | Northern Trust | 33.61 Bn | 33.61 Bn | - |
| 10 | Noah Holdings | 613.84 Mn | -93.72 Mn | 96.70 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 8.51 Mn |
| Sep 30, 2025 | 8.38 Mn |
| Jun 30, 2025 | 9.72 Mn |
| Mar 31, 2025 | 8.83 Mn |
| Dec 31, 2024 | 10.54 Mn |
| Sep 30, 2024 | 11.07 Mn |
| Jun 30, 2024 | 7.57 Mn |
| Mar 31, 2024 | 9.74 Mn |
| Dec 31, 2023 | 10.63 Mn |
| Sep 30, 2023 | 10.61 Mn |
| Jun 30, 2023 | 10.93 Mn |
| Mar 31, 2023 | 13.71 Mn |
| Dec 31, 2022 | 11.69 Mn |
| Sep 30, 2022 | 14.21 Mn |
| Jun 30, 2022 | 14.33 Mn |
| Mar 31, 2022 | 19.05 Mn |
| Dec 31, 2021 | 20.48 Mn |
| Sep 30, 2021 | 24.19 Mn |
| Jun 30, 2021 | 26.20 Mn |
| Mar 31, 2021 | 27.52 Mn |