Noah Holdings Limited

Noah Holdings Limited

NOAH
Noah Holdings LimitedUS flagNew York Stock Exchange
10.32
USD
+0.20
- -
688.84MMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
18.3
27.81
37.74
44.65
49.99
58.17
55.46
53.28
63.91
45.37
47.42
37.07
37.42
38.12
Basic EPS, GAAP
5.75
8.13
9.54
11.44
13.49
14.35
13.56
-12.01
19.56
14.29
14.53
6.78
8.01
7.77
Free Cash Flow per Basic Share
9.68
9.65
9.59
10.39
8.41
15.94
19.99
12
-11.16
8.34
16.7
4.35
12.08
- -
Dividend per Share
0.87
0.03
- -
- -
- -
- -
- -
- -
- -
- -
2.55
14.36
7.84
- -
Book Value per Share
10.71
19.33
28.45
39.82
50.98
69.78
77.42
64.31
77.23
82.03
92.65
84.15
83.37
- -
Tangible Book Value per Share
25.93
35.3
45.11
60.24
79.71
109.2
128.76
117.3
121.21
139.03
150.09
142.69
143.11
144.4
Basic Weighted Avg Shares
55
55
56
56
57
57
61
62
67
68
69
70
70
69
Sales/Revenue/Turnover
1,006
1,528
2,120
2,514
2,827
3,290
3,392
3,306
4,293
3,100
3,295
2,601
2,610
2,621
Operating Margin (%)
37
36.19
26.36
26.55
27.49
28.17
26.98
38.07
27.93
35.11
33.32
24.37
29.75
31.55
Depreciation Expense
15
22
34
61
82
92
105
98
147
156
158
157
157
- -
Net Income, GAAP
316
447
536
644
763
811
829
-745
1,314
977
1,009
475
559
535
Effective Tax Rate (%)
23.91
25.15
20.46
21.54
22.91
21.98
22.73
- -
22.64
23.24
21.7
30.96
34.77
34.16
Profit Margin (%)
31.41
29.22
25.28
25.61
26.99
24.66
24.45
-22.54
30.61
31.5
30.64
18.28
21.41
20.39
Working Capital
1,211
1,580
2,295
3,157
2,213
3,513
5,226
4,822
3,234
4,412
5,226
5,045
4,933
5,105
LT Debt
- -
- -
518
555
- -
145
363
194
131
83
77
76
60
52
Total Equity
1,425
1,940
2,534
3,391
4,508
6,175
7,875
7,277
8,142
9,500
10,428
10,013
9,983
9,931
Return on Invested Capital (%)
22.03
23.51
17
13.52
12.4
12.59
9.54
- -
11.31
9.06
8.38
4.19
4.95
5.33
Return on Capital (%)
61.14
46.28
32.81
25.05
22.75
20.97
15.29
- -
26.78
17.25
16.21
7.26
9.22
924.31
Return on Common Equity (%)
68.55
54.1
40.29
33.53
29.77
23.76
19.1
-17.08
28.64
18.1
16.77
7.7
9.54
- -

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
- -
39
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
60
60
52
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
329
333
327
Market Capitalization
5,769
4,846
4,698

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
6,376
6,361
6,465
Cash, Cash Equivalents & STI
4,995
5,018
5,114
Accounts Receivable, Net
358
420
335
Inventories
- -
- -
- -
Total Current Liabilities
1,338
1,427
1,360
Payables & Accruals
463
790
551
ST Debt
- -
39
- -
Deferred Revenue
72
80
59

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
15.77%
6.81%
-0.3%
Free Cash Flow
-9.49%
-34.17%
176.07%
Net Income, GAAP
-47.67%
-66.8%
17.54%
Sales/Revenue/Turnover
3.56%
-2.47%
0.36%
Total Cash Common Dividend
- -
- -
-45.75%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
650
616
684
652
2,601
2025
615
630
633
733
2,610
2026
626
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.88
1.42
1.91
1.56
6.78
2025
2.13
2.56
3.14
0.19
8.01
2026
1.81
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
14.36
2025
- -
- -
- -
- -
7.84
2026
- -
- -
- -
- -
- -

Company Description

MCPAPIChat
CEO
Zhe Yin
Full Time Employees
1,990
Sector
Financial Services
Industry
Asset Management
Address
Building 2 Shanghai People's Republic of China 200090
IPO Date
Nov 10, 2010
Business
Noah Holdings Limited (NYSE: NOAH, HKEX: 6686) operates as a leading wealth and asset management service provider, offering comprehensive one-stop advisory services on global investment and asset allocation primarily to global Chinese high-net-worth individuals and corporate clients. Founded in 2005 and headquartered in Shanghai, China, the company conducts operations across Mainland China, Hong Kong, Taiwan, the United States (Silicon Valley and New York), and Singapore through three main segments: Wealth Management, which distributes domestic and overseas mutual funds, private equity, private secondary products, structured products, hedge funds, insurance products, and other investment and value-added services including investor education and trust services; Asset Management, managing onshore and offshore private equity, real estate, public securities, multi-strategy funds, and lending services via subsidiaries like Gopher Asset Management and Olive Asset Management with RMB143.5 billion (US$20.2 billion) in assets under management as of September 30, 2025; and Other Services encompassing additional financial solutions. The company targets high-net-worth investors with a client base exceeding 463,000 registered clients as of early 2025 and maintains a strong focus on diversification, with overseas revenues approaching 50% of total net revenues. Recent developments include obtaining a US broker-dealer license in Q3 2025 to bolster global expansion, completing a network of four major global booking centers for enhanced cross-border capabilities, integrating AI across operations for client acquisition and efficiency as a second growth curve, launching the first stablecoin yield fund in partnership with Coinbase Asset Management in Q2 2025, committing US$50 million to a private credit digital yield fund, expanding hedge fund and structured product fundraising to US$420 million in H1 2025 (up 282% year-over-year), and cancelling 6.76 million treasury shares in November 2025 to optimize capital structure.

Company News

MCPAPIChat
  • Noah Holdings Limited Announces Results of Annual General Meeting and Payment of Final Dividend and Special Dividend

  • 13 Lucky Dogs: June Graham Value All-Stars (GVAS)

  • AI Memory "New Oil?" Noah Kann on Upside Potential in MU & Related Stocks

  • Noah Reports Q1 2026 Earnings: Transformation Momentum Continues, Driven by Scalable AI Breakthroughs and Long-Term Growth Engines

  • Noah Holdings Limited (NOAH) Q1 2026 Earnings Call Transcript

  • Noah Q1 Earnings Call Highlights

  • NOAH HOLDINGS LIMITED ANNOUNCES UNAUDITED FINANCIAL RESULTS FOR THE FIRST QUARTER OF 2026

  • Noah to Report First Quarter 2026 Unaudited Financial Results on May 27, 2026

  • Noah Holdings: A Deep Value Stock With Significant Upside

  • Noah Holdings: The Market Is Overpricing Risks

  • Noah Holdings Limited Files 2025 Annual Report on Form 20-F

  • Letter from the Chairlady to Shareholders: Noah Holdings Fiscal Year 2025

  • Buy 14 Ideal Graham Value All-Stars Of 27 'Safer' Dividends In 71 April/May GVAS

  • Noah Holdings and ARK Wealth Management Win Top Honors from Asian Private Banker and Euromoney, Highlighting Expertise in Connecting Chinese Wealth to Global Markets

  • 71 April Graham Value All-Stars (GVAS): 14 To Buy

  • Noah | Olive Co-Host 2026 AI Outlook, Redefining Global Allocation for Global Chinese Investors in the AI Era

  • Noah Q4 Earnings Call Highlights

  • Noah Reports Q4 and Full Year 2025 Earnings: Structural Transformation Driving Significant Improvement in Profitability as AI Integration Drives Operational Efficiency

  • Noah Holdings Limited (NOAH) Q4 2025 Earnings Call Transcript

  • NOAH HOLDINGS LIMITED ANNOUNCES UNAUDITED FINANCIAL RESULTS FOR THE FOURTH QUARTER 2025 AND UNAUDITED FINANCIAL RESULTS FOR FULL YEAR 2025