Noah Holdings Limited (NOAH) Revenue History
Annual and quarterly revenue from 2013 to 2024
Compound Annual Growth Rate (CAGR)
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NOAH Revenue Growth
Revenue Breakdown (FY 2024)
NOAH's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
By Geography
NOAH Revenue Analysis (2013–2024)
As of May 8, 2026, Noah Holdings Limited (NOAH) generated trailing twelve-month (TTM) revenue of $2.53 billion, reflecting moderate decline in growth of -7.4% year-over-year. The most recent quarter (Q3 2025) recorded $632.9 million in revenue, up 0.5% sequentially.
Looking at the longer-term picture, NOAH's 5-year compound annual growth rate (CAGR) stands at -5.2%, indicating revenue contraction over this period. The company achieved its highest annual revenue of $4.29 billion in 2021.
Revenue diversification analysis shows NOAH's business is primarily driven by Wealth Management (69%), Asset Management Business (29%), and Other Businesses (2%). With over half of revenue concentrated in Wealth Management, the company maintains significant focus in this area while developing other growth vectors.
When compared to Financial Services sector peers including LU, JFIN (+9.0% YoY), and CNF, NOAH has underperformed the peer group in terms of revenue growth. Compare NOAH vs LU →
NOAH Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| NOAHCurrent | $2.5B | -7.4% | -5.2% | 24.4% | |
 LU | $28.1B | - | - | -1.6% | |
 JFIN | $5.8B | +9.0% | +21.1% | 21.5% | |
 CNF | $626M | - | - | -11.2% | |
 BEN | $8.8B | - | - | 6.9% | |
 IVZ | $6.4B | - | - | -10.9% |
NOAH Historical Revenue Data (2013–2024)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $2.60B | - | $1.25B | 48.1% | $633.9M | 24.4% |
| 2023 | $3.29B | - | $1.84B | 55.8% | $1.10B | 33.3% |
| 2022 | $3.10B | - | $1.66B | 53.5% | $1.09B | 35.1% |
| 2021 | $4.29B | - | $2.12B | 49.5% | $1.20B | 27.9% |
| 2020 | $3.31B | - | $2.61B | 78.8% | $1.26B | 38.1% |
| 2019 | $3.39B | - | $1.78B | 52.5% | $915.0M | 27.0% |
| 2018 | $3.29B | - | $1.73B | 52.5% | $926.5M | 28.2% |
| 2017 | $2.83B | - | $1.42B | 50.2% | $777.0M | 27.5% |
| 2016 | $2.51B | - | $1.21B | 48.3% | $667.3M | 26.5% |
| 2015 | $2.12B | - | $955.4M | 45.1% | $558.8M | 26.4% |
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Start ComparisonNOAH — Frequently Asked Questions
Quick answers to the most common questions about buying NOAH stock.
Is NOAH's revenue growth accelerating or slowing?
NOAH revenue declined -7.4% year-over-year, contrasting with the 5-year CAGR of -5.2%. TTM revenue fell to $2.5B. This reverses the prior growth trend.
What is NOAH's long-term revenue growth rate?
Noah Holdings Limited's 5-year revenue CAGR of -5.2% reflects the variable expansion pattern. Current YoY growth of -7.4% is below this long-term average.
How is NOAH's revenue distributed by segment?
NOAH reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2013-2024 are available for download. Segment mix reveals concentration and diversification trends.