Noah Holdings (NOAH) Tax Rate (2015 - 2025)
Noah Holdings' (NOAH) quarterly Tax Rate came in at 44.6% in Q4 2025, down 644.0% YoY from 8.2% in Q4 2024, and down 33.32% on a QoQ basis from 33.46% in Q3 2025.
Noah Holdings (NOAH) Tax Rate (2015 - 2025) Analysis & Trends
Noah Holdings (NOAH) has 11 years of Tax Rate data on file, last reported at 44.6% in Q4 2025.
- Quarterly Tax Rate fell 644.0% year-over-year to 44.6% in Q4 2025, while the trailing twelve-month figure through Dec 2025 was 34.86% (down 387.0% YoY) and the FY2025 annual result came in at 34.77%, up 382.0% from the prior year.
- Tax Rate fell to 44.6% in Q4 2025, from 33.46% in the prior quarter.
- In the past five years, Tax Rate ranged from a high of 17.5% in Q4 2023 to a low of 44.6% in Q4 2025.
- A 5-year average of 26.49% and a median of 22.86% in 2023 frame the typical range for Tax Rate.
- Annual changes were most pronounced in 2021 — Tax Rate tumbled 2559 bps — and 2023, when it soared 1457 bps.
- Tracing NOAH's Tax Rate over 5 years: stood at 23.83% in 2021, then tumbled by 35 bps to 32.07% in 2022, then jumped by 45 bps to 17.5% in 2023, then sank by 118 bps to 38.16% in 2024, then declined by 17 bps to 44.6% in 2025.
- The last three Tax Rate figures came in at 44.6% (Q4 2025), 33.46% (Q3 2025), and 32.67% (Q2 2025), per Business Quant data.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 176.99 Bn | 163.12 Bn | - | 24.90% |
| 2 | Blackstone | 113.16 Bn | 110.65 Bn | - | 16.11% |
| 3 | Kkr | 96.05 Bn | -181.02 Bn | - | 17.91% |
| 4 | Brookfield | 92.54 Bn | 45.14 Bn | - | - |
| 5 | Brookfield Asset Management | 82.31 Bn | 80.81 Bn | - | 12.14% |
| 6 | Apollo Global Management | 77.14 Bn | 51.77 Bn | 10.54 Bn | 15.94% |
| 7 | State Street | 50.64 Bn | 50.64 Bn | - | 21.96% |
| 8 | Ameriprise Financial | 50.31 Bn | 39.27 Bn | 4.72 Bn | 22.82% |
| 9 | Northern Trust | 33.61 Bn | 33.61 Bn | - | 25.59% |
| 10 | Noah Holdings | 613.84 Mn | -93.72 Mn | 96.70 Mn | -44.60% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -44.60% |
| Dec 31, 2025 | -44.60% |
| Dec 31, 2025 | -44.60% |
| Sep 30, 2025 | -33.46% |
| Sep 30, 2025 | -33.46% |
| Sep 30, 2025 | -33.46% |
| Jun 30, 2025 | -32.67% |
| Jun 30, 2025 | -32.67% |
| Jun 30, 2025 | -32.67% |
| Mar 31, 2025 | -27.30% |
| Mar 31, 2025 | -27.30% |
| Mar 31, 2025 | -27.30% |
| Dec 31, 2024 | -38.16% |
| Dec 31, 2024 | -38.16% |
| Dec 31, 2024 | -38.16% |
| Sep 30, 2024 | -36.80% |
| Sep 30, 2024 | -36.80% |
| Sep 30, 2024 | -36.80% |
| Jun 30, 2024 | -20.58% |
| Jun 30, 2024 | -20.58% |