Noah Holdings Limited (NOAH) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 | Q1'21 |
|---|
| Sales/Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Cost of Goods Sold | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| COGS % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | 704.94M | 506.74M | 330.23M | 492.03M | -284.66M | 546.6M | 484.35M | 260.75M | 498.76M | 564.21M | 556.65M | 433.37M | 735.41M | 341.44M | 380.34M | 437.79M | 528.89M | 449.11M | 503.61M | 642.61M |
| Gross Margin % | 96.99% | 80.07% | 52.46% | 80.06% | -43.67% | 79.95% | 78.65% | 40.14% | 62.38% | 75.23% | 59.11% | 53.94% | 83.37% | 49.88% | 51.53% | 55.02% | 41.97% | 49.41% | 55.99% | 52.47% |
| Gross Profit Growth % | 347.64% | -7.29% | -31.82% | 88.7% | -157.07% | -3.12% | -12.99% | -39.83% | -32.18% | 65.24% | 46.36% | -1.01% | 39.05% | -23.97% | -24.48% | -31.87% | 4.23% | -9.55% | 20.89% | 68.54% |
| Operating Expenses | 453.4M | 334.85M | 169.21M | 306.02M | -422.24M | 305.79M | 350.33M | 139.26M | 278.03M | 315.32M | 207.24M | 154.48M | 515.67M | 109.67M | 57.19M | 123.99M | 396.6M | 220.24M | 168.25M | 140.22M |
| OpEx % of Revenue | 62.38% | 52.91% | 26.88% | 49.79% | -64.77% | 44.73% | 56.89% | 21.44% | 34.78% | 42.05% | 22.01% | 19.23% | 58.46% | 16.02% | 7.75% | 15.58% | 31.47% | 24.23% | 18.71% | 11.45% |
| Selling, General & Admin | -216.1M | 334.15M | 133.51M | 296.84M | -430.54M | 311.09M | 307.3M | 133.45M | 256.04M | 402.16M | 175.99M | 142.37M | 463.24M | 133.51M | 105.96M | 118.11M | 287.92M | 191.44M | 177.35M | 163.74M |
| SG&A % of Revenue | -29.73% | 52.8% | 21.21% | 48.3% | -66.04% | 45.5% | 49.9% | 20.55% | 32.02% | 53.62% | 18.69% | 17.72% | 52.52% | 19.51% | 14.35% | 14.84% | 22.85% | 21.06% | 19.72% | 13.37% |
| Research & Development | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Income | 251.54M | 171.89M | 161.03M | 186.01M | 137.57M | 240.81M | 134.01M | 121.49M | 220.72M | 248.89M | 349.42M | 278.88M | 219.74M | 231.77M | 323.14M | 313.8M | 132.29M | 228.86M | 335.36M | 502.39M |
| Operating Margin % | 34.61% | 27.16% | 25.58% | 30.27% | 21.1% | 35.22% | 21.76% | 18.7% | 27.61% | 33.19% | 37.1% | 34.71% | 24.91% | 33.86% | 43.78% | 39.44% | 10.5% | 25.18% | 37.29% | 41.02% |
| Operating Income Growth % | 82.84% | -28.62% | 20.16% | 53.11% | -37.67% | -3.24% | -61.65% | -56.44% | 0.45% | 7.39% | 8.13% | -11.13% | 66.11% | 1.27% | -3.64% | -37.54% | -60.57% | -34.09% | 4.96% | 96.05% |
| EBITDA | 114.45M | 171.89M | 161.03M | 186.01M | 137.57M | 240.81M | 174.83M | 161.01M | 260.24M | 248.89M | 349.42M | 278.88M | 258.73M | 231.77M | 363.15M | 354.15M | 231.43M | 228.86M | 335.36M | 526.66M |
| EBITDA Margin % | 15.75% | 27.16% | 25.58% | 30.27% | 21.1% | 35.22% | 28.39% | 24.79% | 32.55% | 33.19% | 37.1% | 34.71% | 29.33% | 33.86% | 49.2% | 44.51% | 18.37% | 25.18% | 37.29% | 43% |
| EBITDA Growth % | -16.81% | -28.62% | -7.9% | 15.53% | -47.14% | -3.24% | -49.96% | -42.27% | 0.59% | 7.39% | -3.78% | -21.25% | 11.8% | 1.27% | 8.29% | -32.76% | 114.76% | -34.09% | 4.96% | 105.52% |
| D&A (Non-Cash Add-back) | 0 | 0 | 0 | 0 | 0 | 0 | 40.82M | 39.52M | 39.52M | 0 | 0 | 0 | 38.99M | 0 | 40.01M | 40.36M | 0 | 0 | 0 | 24.27M |
| EBIT | 114.45M | 171.89M | 161.03M | 186.01M | 137.57M | 240.81M | 134.01M | 121.49M | 220.72M | 248.89M | 349.42M | 278.88M | 219.74M | 231.77M | 323.14M | 313.8M | 231.43M | 228.86M | 335.36M | 502.39M |
| Net Interest Income | 51.19M | 28.68M | 33.51M | 32.8M | 38.56M | 28.42M | 42.59M | 46.19M | 44.39M | 43.47M | 39.68M | 34.39M | 14.25M | 16.85M | 17.68M | 12.64M | 14.57M | 16.16M | 18.21M | 22.93M |
| Interest Income | 51.19M | 28.68M | 33.51M | 32.8M | 38.56M | 28.42M | 42.59M | 46.19M | 44.39M | 43.47M | 39.68M | 34.39M | 14.25M | 16.85M | 17.68M | 12.64M | 14.57M | 16.16M | 18.21M | 22.93M |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income/Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Pretax Income | 114.45M | 286.33M | 242.23M | 210.42M | 210.29M | 226.8M | 143.95M | 174.55M | 247.41M | 300.54M | 402.51M | 312.92M | 201.05M | 229.04M | 427.05M | 381.55M | 309.24M | 331.4M | 376.67M | 582.71M |
| Pretax Margin % | 15.75% | 45.24% | 38.48% | 34.24% | 32.26% | 33.17% | 23.37% | 26.87% | 30.95% | 40.07% | 42.74% | 38.95% | 22.79% | 33.46% | 57.86% | 47.95% | 24.54% | 36.46% | 41.88% | 47.58% |
| Income Tax | 104.58M | 67.47M | 63.69M | 60.6M | 96.61M | 89.04M | 40.26M | 42.69M | 34.07M | 68.5M | 90.21M | 69.58M | 60.53M | 51.08M | 78.16M | 77.34M | 35.33M | 60.05M | 68.72M | 129.85M |
| Effective Tax Rate % | 91.38% | 23.56% | 26.29% | 28.8% | 45.94% | 39.26% | 27.97% | 24.46% | 13.77% | 22.79% | 22.41% | 22.24% | 30.11% | 22.3% | 18.3% | 20.27% | 11.42% | 18.12% | 18.24% | 22.28% |
| Net Income | 12.65M | 218.49M | 178.58M | 148.96M | 109.75M | 134.42M | 99.79M | 131.49M | 216.53M | 233.33M | 315.43M | 244.21M | 139.91M | 182.41M | 349M | 305.24M | 281.31M | 273.2M | 305.53M | 454.09M |
| Net Margin % | 1.74% | 34.52% | 28.37% | 24.24% | 16.84% | 19.66% | 16.2% | 20.24% | 27.08% | 31.11% | 33.49% | 30.39% | 15.86% | 26.65% | 47.28% | 38.36% | 22.33% | 30.06% | 33.97% | 37.08% |
| Net Income Growth % | -88.48% | 62.55% | 78.96% | 13.29% | -49.31% | -42.39% | -68.36% | -46.16% | 54.76% | 27.91% | -9.62% | -19.99% | -50.27% | -33.23% | 14.23% | -32.78% | 117.88% | -4.35% | 1.96% | 86.85% |
| Net Income (Continuing) | 9.86M | 218.86M | 178.54M | 149.82M | 113.68M | 137.77M | 103.69M | 131.86M | 213.34M | 232.04M | 312.3M | 243.34M | 140.52M | 177.97M | 348.89M | 304.21M | 273.92M | 271.36M | 307.95M | 452.86M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 156.11M | 0 | 5.19M | 0 | 66.89M | 0 | 63.28M | 0 | 117.23M | 0 | 169.78M | 0 | 94.78M | 99.32M | 99.32M | 99.32M | 100.87M | 91.86M | 91.86M | 91.86M |
| EPS (Diluted) | 0.90 | 15.55 | 12.70 | 10.55 | 7.80 | 9.55 | 7.05 | 9.40 | 15.60 | 16.80 | 22.75 | 17.55 | 10.05 | 13.15 | 25.90 | 22.60 | 10.40 | 20.20 | 22.65 | 33.60 |
| EPS Growth % | -88.46% | 62.83% | 80.14% | 12.23% | -50% | -43.15% | -69.01% | -46.44% | 55.22% | 27.76% | -12.16% | -22.35% | -3.37% | -34.9% | 14.35% | -32.74% | 108.35% | -12.36% | -6.4% | 71.43% |
| EPS (Basic) | 0.90 | 15.70 | 12.80 | 10.65 | 7.80 | 9.55 | 7.00 | 9.40 | 15.60 | 16.80 | 22.75 | 17.60 | 10.05 | 13.20 | 25.95 | 22.70 | 20.90 | 20.30 | 22.80 | 33.85 |
| Diluted Shares Outstanding | 14.08M | 14.06M | 14.03M | 14.12M | 14.09M | 14.08M | 14.11M | 13.96M | 13.9M | 13.85M | 13.88M | 13.9M | 13.92M | 13.85M | 13.46M | 13.5M | 13.54M | 13.53M | 13.49M | 13.51M |
| Basic Shares Outstanding | 13.95M | 13.92M | 13.96M | 13.98M | 14.03M | 14.07M | 14.23M | 13.96M | 13.97M | 13.84M | 13.87M | 13.89M | 13.92M | 13.84M | 13.45M | 13.45M | 13.47M | 13.45M | 13.4M | 13.42M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | 11.57% | - | - | - | - | - | - | - | - | - | - | - |