Noah Holdings Limited (NOAH)

Noah Holdings Income Statement

Financials in millions CNY. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	2,580	2,601	3,295	3,100	4,293	3,306
Revenue Growth (YoY)	-8.35%	-21.05%	6.27%	-27.78%	29.86%	-2.54%
Cost of Revenue	1,267	1,349	1,457	1,442	2,169	1,504
Gross Profit	1,313	1,252	1,838	1,658	2,124	1,802
Selling, General & Admin	539.57	565.79	761.51	584.33	820.45	549.57
Other Operating Expenses	-20.47	27.97	-14.45	-13.87	-8.1	-14.32
Operating Expenses	587.45	617.64	740.03	570.04	925.32	543.34
Operating Income	725.42	633.89	1,098	1,088	1,199	1,258
Interest & Investment Income	167.85	205.9	161.93	146.97	137.29	67.32
Earnings From Equity Investments	-22.4	-112.01	54.13	89.15	301.98	100.26
Other Non Operating Income (Expenses)	11.56	1.36	10.89	13.13	-18.24	4.16
EBT Excluding Unusual Items	882.44	729.14	1,325	1,338	1,620	1,430
Gain (Loss) on Sale of Investments	-7.67	-	-61.49	-	-	-86.37
Legal Settlements	14	14	-	-99	-	-
Other Unusual Items	0.98	12.45	-	-	-19.91	-1,829
Pretax Income	889.75	755.6	1,263	1,239	1,600	-485.06
Income Tax Expense	309.94	268.59	262.36	267.11	293.94	258.46
Earnings From Continuing Operations	579.8	487	1,001	971.59	1,306	-743.52
Minority Interest in Earnings	-8.1	-11.56	8.48	4.98	8.05	-1.7
Net Income	571.71	475.45	1,009	976.57	1,314	-745.23
Net Income to Common	571.71	475.45	1,009	976.57	1,314	-745.23
Net Income Growth	-16.06%	-52.90%	3.37%	-25.69%	-	-
Shares Outstanding (Basic)	70	70	69	68	67	62
Shares Outstanding (Diluted)	70	70	69	68	68	62
Shares Change (YoY)	0.61%	1.42%	1.59%	1.23%	8.90%	0.31%
EPS (Basic)	8.14	6.78	14.53	14.29	19.56	-12.01
EPS (Diluted)	5.40	6.75	14.53	14.29	19.45	-12.01
EPS Growth	-44.77%	-53.55%	1.67%	-26.52%	-	-
Free Cash Flow	-	305.16	1,160	570.19	-749.38	744.74
Free Cash Flow Per Share	-	4.33	16.70	8.34	-11.09	12.00
Dividend Per Share	4.140	4.140	7.750	2.750	-	-
Dividend Growth	-46.58%	-46.58%	181.82%	-	-	-
Gross Margin	50.89%	48.12%	55.78%	53.49%	49.48%	54.50%
Operating Margin	28.12%	24.37%	33.32%	35.11%	27.93%	38.07%
Profit Margin	22.16%	18.28%	30.64%	31.50%	30.61%	-22.54%
Free Cash Flow Margin	-	11.73%	35.22%	18.39%	-17.46%	22.53%
EBITDA	878.81	790.57	1,256	1,244	1,345	1,357
EBITDA Margin	34.07%	30.39%	38.12%	40.14%	31.34%	41.05%
D&A For EBITDA	153.39	156.68	158.08	155.97	146.57	98.45
EBIT	725.42	633.89	1,098	1,088	1,199	1,258
EBIT Margin	28.12%	24.37%	33.32%	35.11%	27.93%	38.07%
Effective Tax Rate	34.84%	35.55%	20.77%	21.56%	18.37%	-
Revenue as Reported	2,580	2,601	3,295	3,100	4,293	3,306

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q