Noah Holdings (NOAH) Tax Provisions (2015 - 2025)

Noah Holdings (NOAH) reported Tax Provisions of -$15.2 million for Q4 2025, down 14.57% on a YoY basis from -$17.7 million in Q4 2024, and down 59.99% quarter-over-quarter from -$9.5 million in Q3 2025.

Noah Holdings (NOAH) Tax Provisions (2015 - 2025) Analysis & Trends

Noah Holdings has reported Tax Provisions for 11 years, with the latest figure at -$15.2 million in Q4 2025.

  • For the quarter ending Q4 2025, Tax Provisions fell 14.57% year-over-year to -$15.2 million; the trailing twelve-month figure through Dec 2025 stood at -$41.9 million (down 12.06% YoY), and the FY2025 full-year result was $42.6 million, up 15.73% from the prior year.
  • Tax Provisions for Q4 2025 stood at -$15.2 million, down from -$9.5 million in the prior quarter.
  • The five-year high for Tax Provisions was -$4.8 million in Q4 2023, with the low at -$19.8 million in Q1 2021.
  • Historically, Tax Provisions has averaged -$10.1 million across 5 years, with a median of -$9.4 million in 2023.
  • The largest YoY upside for Tax Provisions was 55.47% in 2024 against a maximum downside of 175.86% in 2024.
  • Noah Holdings' Tax Provisions stood at -$5.5 million in 2021, then plunged by 58.3% to -$8.8 million in 2022, then soared by 45.33% to -$4.8 million in 2023, then slumped by 175.86% to -$13.2 million in 2024, then slipped by 14.57% to -$15.2 million in 2025.
  • The last three Tax Provisions figures came in at -$15.2 million (Q4 2025), -$9.5 million (Q3 2025), and -$8.9 million (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Taxes (Qtr)
1 BlackRock 163.18 Bn 153.56 Bn - 516.00 Mn
2 Blackstone 96.85 Bn 95.80 Bn - 197.15 Mn
3 Kkr 86.45 Bn 133.96 Bn - 185.39 Mn
4 Apollo Global Management 82.30 Bn 101.04 Bn 5.04 Bn 1.69 Bn
5 State Street 46.95 Bn 21.27 Bn - 205.00 Mn
6 Ameriprise Financial 43.65 Bn 43.52 Bn 4.57 Bn 229.00 Mn
7 Northern Trust 31.92 Bn 31.92 Bn - 175.10 Mn
8 Raymond James Financial 30.62 Bn 19.37 Bn - 191.00 Mn
9 Ares Management 29.04 Bn 32.41 Bn - 59.87 Mn
10 Noah Holdings 506.01 Mn 433.74 Mn 96.16 Mn -15.16 Mn

Historic Data

Download Data
DateValue
Dec 31, 2025 -15.16 Mn
Sep 30, 2025 -9.48 Mn
Jun 30, 2025 -8.89 Mn
Mar 31, 2025 -8.35 Mn
Dec 31, 2024 -13.24 Mn
Sep 30, 2024 -12.69 Mn
Jun 30, 2024 -5.54 Mn
Mar 31, 2024 -5.91 Mn
Dec 31, 2023 -4.80 Mn
Sep 30, 2023 -9.39 Mn
Jun 30, 2023 -12.44 Mn
Mar 31, 2023 -10.13 Mn
Dec 31, 2022 -8.78 Mn
Sep 30, 2022 -7.18 Mn
Jun 30, 2022 -11.67 Mn
Mar 31, 2022 -12.20 Mn
Dec 31, 2021 -5.54 Mn
Sep 30, 2021 -9.32 Mn
Jun 30, 2021 -10.64 Mn
Mar 31, 2021 -19.82 Mn