NOAH
Noah Holdings Ltd
NYSE: NOAH · FINANCIAL SERVICES · ASSET MANAGEMENT
$10.40
+1.46% today
Updated 2026-04-30
Market cap
$855.62M
P/E ratio
9.00
P/S ratio
0.33x
EPS (TTM)
$1.16
Dividend yield
5.55%
52W range
$8 – $13
Volume
0.1M
Noah Holdings Ltd (NOAH) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $23.45M | $57.17M | $99.44M | $251.13M | $453.55M | $541.14M | $1.01B | $1.53B | $2.12B | $2.51B | $2.83B | $3.29B | $3.39B | $3.31B | $4.29B | $3.10B | $3.29B | $2.60B | $2.56B |
| Revenue growth (YoY) | — | +143.8% | +73.9% | +152.5% | +80.6% | +19.3% | +85.9% | +51.9% | +38.7% | +18.6% | +12.5% | +16.4% | +3.1% | -2.5% | +29.9% | -27.8% | +6.3% | -21.1% | -1.6% |
| Cost of revenue | $1.86M | $8.39M | $17.13M | $43.58M | $93.05M | $264.50M | $448.74M | $737.46M | $1.16B | $1.30B | $1.41B | $1.56B | $1.61B | $699.41M | $2.17B | $1.44B | $1.46B | $1.35B | $61.16M |
| Gross profit | $21.59M | $48.78M | $82.31M | $207.55M | $360.49M | $276.64M | $557.24M | $791.02M | $955.43M | $1.21B | $1.42B | $1.73B | $1.78B | $2.61B | $2.12B | $1.66B | $1.84B | $1.25B | $2.50B |
| Gross margin | 92.1% | 85.3% | 82.8% | 82.6% | 79.5% | 51.1% | 55.4% | 51.8% | 45.1% | 48.3% | 50.2% | 52.5% | 52.5% | 78.8% | 49.5% | 53.5% | 55.8% | 48.1% | 97.6% |
| R&D | — | — | — | — | — | — | — | — | $0.00 | $0.00 | $0.00 | $221.10M | $225.90M | — | — | — | — | — | — |
| SG&A | $14.61M | $21.85M | $30.29M | $48.37M | $85.20M | $55.56M | $110.02M | $151.63M | $170.93M | $234.49M | $246.78M | $280.07M | $296.49M | $1.08B | $383.32M | $739.50M | $275.73M | $296.75M | — |
| Operating income | $6.24M | $10.80M | $31.97M | $104.03M | $157.76M | $161.32M | $372.22M | $553.10M | $558.78M | $667.29M | $777.03M | $926.52M | $914.97M | $1.26B | $1.20B | $1.09B | $1.10B | $633.89M | $710.30M |
| Operating margin | 26.6% | 18.9% | 32.1% | 41.4% | 34.8% | 29.8% | 37.0% | 36.2% | 26.4% | 26.5% | 27.5% | 28.2% | 27.0% | 38.1% | 27.9% | 35.1% | 33.3% | 24.4% | 27.8% |
| EBITDA | $6.64M | $12.34M | $34.06M | $106.62M | $164.06M | $172.65M | $387.40M | $623.99M | $685.30M | $814.15M | $974.90M | $1.11B | $1.07B | $1.36B | $1.35B | $1.24B | $1.26B | $790.57M | $831.73M |
| EBITDA margin | 28.3% | 21.6% | 34.3% | 42.5% | 36.2% | 31.9% | 38.5% | 40.8% | 32.3% | 32.4% | 34.5% | 33.9% | 31.7% | 41.0% | 31.3% | 40.1% | 38.1% | 30.4% | 32.5% |
| EBIT | $6.24M | $10.80M | $31.97M | $104.03M | $157.76M | $161.32M | $372.22M | $601.60M | $650.89M | $752.83M | $892.94M | $1.02B | $968.40M | $1.26B | $1.20B | $1.09B | $1.10B | $633.89M | — |
| Interest expense | $39586.00 | $308150.00 | $393442.00 | $1.19M | $12.28M | $15.30M | $20.01M | $39.16M | $16.05M | $19.29M | $24.13M | $10.03M | $430000.00 | $1.72B | $601.26M | $155.23M | — | — | — |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $2.53M | $-2.74M | $24.91M | $76.48M | $150.65M | $142.48M | $315.93M | $446.55M | $535.83M | $643.83M | $762.92M | $811.30M | $829.15M | $-745.23M | $1.31B | $976.57M | $1.01B | $475.44M | $543.63M |
| Net income growth (YoY) | — | -208.5% | +1007.9% | +207.0% | +97.0% | -5.4% | +121.7% | +41.3% | +20.0% | +20.2% | +18.5% | +6.3% | +2.2% | -189.9% | +276.3% | -25.7% | +3.4% | -52.9% | +14.3% |
| Profit margin | 10.8% | -4.8% | 25.1% | 30.5% | 33.2% | 26.3% | 31.4% | 29.2% | 25.3% | 25.6% | 27.0% | 24.7% | 24.4% | -22.5% | 30.6% | 31.5% | 30.6% | 18.3% | 21.3% |