Financials in USD. Standardized financial statements.
A compact view of how Noah Holdings Limited turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $2.61B | $2.60B | $3.29B | $3.10B | $4.29B | $3.31B | $3.39B | $3.29B | $2.83B | $2.51B |
| Revenue Growth? | +0.4% | -21.1% | +6.3% | -27.8% | +29.9% | -2.5% | +3.1% | +16.4% | +12.5% | 0.0% |
| Cost of Revenue? | $1.22B | $1.35B | $1.46B | $1.44B | $2.17B | $699.41M | $1.61B | $1.56B | $1.41B | $1.30B |
| Gross Profit? | $1.39B | $1.25B | $1.84B | $1.66B | $2.12B | $2.61B | $1.78B | $1.73B | $1.42B | $1.21B |
| Gross Margin? | +53.4% | +48.1% | +55.8% | +53.5% | +49.5% | +78.8% | +52.5% | +52.5% | +50.2% | +48.3% |
| Operating Expenses? | $617.02M | $617.64M | $740.03M | $570.04M | $925.32M | $1.35B | $866.08M | $798.89M | $642.50M | $545.88M |
| Operating Income? | $776.66M | $633.89M | $1.10B | $1.09B | $1.20B | $1.26B | $914.97M | $926.52M | $777.03M | $667.29M |
| EBITDA? | $933.57M | $790.57M | $1.26B | $1.24B | $1.35B | $1.36B | $1.07B | $1.11B | $974.90M | $814.15M |
| Income Before Tax | $855.03M | $755.60M | $1.26B | $1.24B | $1.60B | -$485.06M | $1.08B | $1.01B | $868.81M | $755.89M |
| Income Tax Expense | $297.81M | $268.59M | $262.36M | $267.11M | $293.94M | $258.46M | $220.03M | $222.32M | $199.09M | $158.00M |
| Net Income? | $558.86M | $475.44M | $1.01B | $976.57M | $1.31B | -$745.23M | $829.15M | $811.30M | $762.92M | $643.83M |
| EPS? | $38.80 | $34.00 | $72.65 | $71.45 | $97.80 | $-60.05 | $67.80 | $69.91 | $67.45 | $57.20 |
| Diluted EPS? | $38.45 | $33.75 | $72.65 | $71.40 | $97.25 | $-60.05 | $67.05 | $66.67 | $63.09 | $53.60 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality