Noah Holdings (NOAH) Tax Rate (2015 - 2025)
Noah Holdings (NOAH) posted Tax Rate of 44.6% for Q4 2025, down 33.32% on a QoQ basis from 33.46% in Q3 2025, and down 644.0% year-over-year from 8.2% in Q4 2024.
Noah Holdings (NOAH) Tax Rate (2015 - 2025) Analysis & Trends
Noah Holdings' Tax Rate history runs 11 years deep, the most recent figure standing at 44.6% for 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 was 44.6% for Q4 2025 at Noah Holdings, down from 33.46% in the prior quarter.
- Across five years, Tax Rate topped out at 17.5% in Q4 2023 and bottomed at 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 slumped 2559 bps — and 2023, when it soared 1457 bps.
- Noah Holdings' Tax Rate stood at 23.83% in 2021, then sank by 35 bps to 32.07% in 2022, then soared by 45 bps to 17.5% in 2023, then tumbled by 118 bps to 38.16% in 2024, then retreated by 17 bps to 44.6% in 2025.
- Business Quant data shows NOAH's Tax Rate at 44.6% in Q4 2025, 33.46% in Q3 2025, and 32.67% in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Brookfield | 1,236.60 Bn | 1,311.20 Bn | 18.56 Bn | -1.22% |
| 2 | BlackRock | 161.01 Bn | 148.08 Bn | - | 18.16% |
| 3 | Blackstone | 97.77 Bn | 96.72 Bn | - | 13.55% |
| 4 | Apollo Global Management | 70.80 Bn | 90.38 Bn | -409.00 Mn | 598.59% |
| 5 | State Street | 51.30 Bn | 51.30 Bn | - | 21.16% |
| 6 | Ameriprise Financial | 48.54 Bn | 39.27 Bn | 4.57 Bn | 20.02% |
| 7 | Northern Trust | 32.93 Bn | 32.93 Bn | - | 24.99% |
| 8 | Raymond James Financial | 32.59 Bn | 17.67 Bn | - | 25.99% |
| 9 | Price T Rowe | 24.70 Bn | 21.13 Bn | - | 23.43% |
| 10 | Noah Holdings | 42.59 Mn | -642.97 Mn | 96.16 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% |