Noah Holdings (NOAH) Operating Margin (2016 - 2026)
Noah Holdings' Operating Margin was 34.48% in the quarter ended Jun 30, 2026, up 9.11 percentage points from 25.37% a year earlier but down 2.99 percentage points from the prior quarter.
Noah Holdings (NOAH) Operating Margin (2016 - 2026) Analysis & Trends
On a trailing twelve-month basis, Noah Holdings' Operating Margin was 33.55% through Jun 30, 2026, up 5.60 percentage points year-over-year; for the year ended Dec 31, 2025, it was 29.53%, up 5.35 percentage points from the prior year.
- Operating Margin shows a five-year change of -8.32 percentage points (years ended Dec 2020 to Dec 2025).
- In earlier years, Operating Margin was 24.18% in the year ended Dec 31, 2024 (-8.91 pp), 33.09% in the year ended Dec 31, 2023 (-1.70 pp), 34.79% in the year ended Dec 31, 2022 (+7.08 pp) and 27.71% in the year ended Dec 31, 2021 (-10.14 pp).
- Quarterly Operating Margin has moved between 10.40% (the quarter ended Dec 31, 2021) and 43.18% (the quarter ended Jun 30, 2022) over five years.
- Compared with a year earlier, Operating Margin has increased for three straight quarters, with an average year-over-year change of +4.18 percentage points over the last eight quarters.
- The best year-over-year quarter for Operating Margin over five years was the quarter ended Dec 31, 2022 (a gain of 14.39 percentage points); the worst was the quarter ended Dec 31, 2021 (a drop of 24.58 percentage points).
- Per Business Quant data, NOAH's Operating Margin in the three quarters before the quarter ended Jun 30, 2026 was 37.47% (quarter ended Mar 31, 2026), 34.97% (quarter ended Dec 31, 2025) and 26.94% (quarter ended Sep 30, 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 166.01 Bn | 112.36 Bn | - | 34.74% |
| 2 | Spdr Gold Trust | 133.03 Bn | -424.98 Bn | - | - |
| 3 | Blackstone | 86.20 Bn | 81.13 Bn | - | - |
| 4 | Kkr | 83.71 Bn | 50.19 Bn | - | - |
| 5 | Brookfield | 81.54 Bn | -83.85 Bn | 4.47 Bn | -53.96% |
| 6 | Brookfield Asset Management | 71.09 Bn | 67.34 Bn | - | - |
| 7 | Apollo Global Management | 68.54 Bn | 6.22 Bn | 10.56 Bn | 16.30% |
| 8 | Wheaton Precious Metals | 61.57 Bn | 57.00 Bn | 687.86 Mn | 71.79% |
| 9 | Franco Nevada | 47.40 Bn | 44.76 Bn | 451.00 Mn | 76.73% |
| 10 | Noah Holdings | 534.40 Mn | -2.33 Bn | - | 34.48% |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 34.48% |
| Mar 31, 2026 | 37.47% |
| Dec 31, 2025 | 34.97% |
| Sep 30, 2025 | 26.94% |
| Jun 30, 2025 | 25.37% |
| Mar 31, 2025 | 30.00% |
| Dec 31, 2024 | 20.91% |
| Sep 30, 2024 | 34.97% |
| Jun 30, 2024 | 21.59% |
| Mar 31, 2024 | 18.57% |
| Dec 31, 2023 | 27.30% |
| Sep 30, 2023 | 32.96% |
| Jun 30, 2023 | 36.98% |
| Mar 31, 2023 | 34.46% |
| Dec 31, 2022 | 24.79% |
| Sep 30, 2022 | 33.52% |
| Jun 30, 2022 | 43.18% |
| Mar 31, 2022 | 39.10% |
| Dec 31, 2021 | 10.40% |
| Sep 30, 2021 | 24.91% |
Noah Holdings Operating Margin 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-margin&ticker=NOAH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "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-margin&ticker=NOAH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();