Noah Holdings (NOAH) Tax Rate (2016 - 2025)
Noah Holdings (NOAH) reported Tax Rate of 44.6% for Q4 2025, down 644.0% on a YoY basis from 8.2% in Q4 2024, and down 33.32% quarter-over-quarter from 33.46% in Q3 2025.
Noah Holdings (NOAH) Tax Rate (2016 - 2025) Analysis & Trends
Noah Holdings has reported Tax Rate for 10 years, with the latest figure at 44.6% in Q4 2025.
- For the quarter ending Q4 2025, Tax Rate fell 644.0% year-over-year to 44.6%; the trailing twelve-month figure through Dec 2025 stood at 34.86% (down 387.0% YoY), and the FY2025 full-year result was 34.77%, up 382.0% from the prior year.
- Tax Rate for Q4 2025 stood at 44.6%, down from 33.46% in the prior quarter.
- The five-year high for Tax Rate was 17.5% in Q4 2023, with the low at 44.6% in Q4 2025.
- Historically, Tax Rate has averaged 26.49% across 5 years, with a median of 22.86% in 2023.
- Annual changes were most pronounced in 2021 — Tax Rate tumbled 2559 bps — and 2023, when it soared 1457 bps.
- Noah Holdings' Tax Rate 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 163.18 Bn | 153.56 Bn | - | 18.16 |
| 2 | Blackstone | 96.85 Bn | 95.80 Bn | - | 13.55 |
| 3 | Kkr | 86.45 Bn | 133.96 Bn | - | 40.05 |
| 4 | Apollo Global Management | 82.30 Bn | 101.04 Bn | 5.04 Bn | 598.59 |
| 5 | State Street | 46.95 Bn | 21.27 Bn | - | 21.16 |
| 6 | Ameriprise Financial | 43.65 Bn | 43.52 Bn | 4.57 Bn | 20.02 |
| 7 | Northern Trust | 31.92 Bn | 31.92 Bn | - | 24.99 |
| 8 | Raymond James Financial | 30.62 Bn | 19.37 Bn | - | - |
| 9 | Ares Management | 29.04 Bn | 32.41 Bn | - | 19.13 |
| 10 | Noah Holdings | 506.01 Mn | 433.74 Mn | 96.16 Mn | -44.60 |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -44.60% |
| Dec 31, 2025 | -44.60% |
| Sep 30, 2025 | -33.46% |
| Sep 30, 2025 | -33.46% |
| Jun 30, 2025 | -32.67% |
| Jun 30, 2025 | -32.67% |
| Mar 31, 2025 | -27.30% |
| Mar 31, 2025 | -27.30% |
| Dec 31, 2024 | -38.16% |
| Dec 31, 2024 | -38.16% |
| Sep 30, 2024 | -36.80% |
| Sep 30, 2024 | -36.80% |
| Jun 30, 2024 | -20.58% |
| Jun 30, 2024 | -20.58% |
| Mar 31, 2024 | -24.15% |
| Mar 31, 2024 | -24.15% |
| Dec 31, 2023 | -17.50% |
| Dec 31, 2023 | -17.50% |
| Sep 30, 2023 | -22.50% |
| Sep 30, 2023 | -22.50% |