Noah Holdings LTD income statement

In fiscal 2025, Noah Holdings LTD reported revenue of $373m, up 4.8% on the year before, operating income of $111m (a 29.8% margin) and net income of $79.9m, or $1.15 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Noah Holdings LTD: income statement, annual
Fiscal year	2009Dec 2009	2010Dec 2010	2011Dec 2011	2012Dec 2012	2013Dec 2013	2014Dec 2014	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Revenue	14	31	64	66	96	129	172	205	434	478	487	507	674	450	464	356	373
Cost of revenue	3	7	15	18	34	—	—	—	—	—	—	—	—	—	—	—	—
Gross profit	12	24	49	48	62	—	—	—	—	—	—	—	—	—	—	—	—
General and administrative	4	7	14	9	18	25	26	34	38	41	43	43	60	34	39	41	44
Operating income	5	16	25	26	61	90	86	96	119	135	131	193	188	158	155	87	111
Provision for credit losses	—	—	—	—	0	0	0	0	0	0	1	1	16	—	—	—	—
Income before tax	4	16	32	31	68	98	98	106	134	147	139	−90	204	167	170	119	122
Income tax	1	5	8	9	16	25	20	23	31	32	32	40	46	39	37	37	43
Net income	4	12	24	23	51	72	83	93	117	118	119	−114	206	142	142	65	80
Diluted EPS	—	—	$4.20	$4.05	$9.20	$12.85	$14.15	$15.90	$19.90	$19.40	$19.30	−$18.40	—	—	$2.05	$0.90	$1.15
Diluted shares (average)	3m	4m	6m	6m	6m	6m	6m	6m	6m	6m	6m	6m	68m	68m	69m	70m	70m
EBITDA	5	16	26	28	63	93	92	105	132	148	147	208	211	180	177	108	133

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from Noah Holdings LTD's SEC filings (10-K and 10-Q). How we read and check them: methodology and data sources. Not investment advice. Back to Noah Holdings LTD.