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Noah Holdings reports stronger Q2 results with profit at RMB238 million
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Noah Holdings reports stronger Q2 results with profit at RMB238 million

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  • Noah Holdings (NYSE:NOAH) reported Q2 2026 non-GAAP net income of RMB238 million, up 25.9% year over year.
  • The company posted Q2 net revenues of RMB620 million and operating income of RMB216 million, with a 34.8% operating margin.
  • Noah expanded international assets under management, with USD-denominated AUM reaching $6.5 billion as of June 30, 2026.

Noah Holdings (NYSE:NOAH) reported second-quarter 2026 net revenues of RMB620 million, with non-GAAP net income attributable to shareholders rising 25.9% year over year to RMB238 million.

The company’s income from operations increased 34.0% year over year to RMB216 million, while operating margin reached 34.8% during the quarter.

For the first half of 2026, Noah Holdings reported net revenues of RMB1.246 billion, income from operations of RMB452 million, and an operating margin of 36.3%, while net performance-based fees increased 364.0% year over year to RMB238 million.

The company reported that fundraising fees increased 13.4% and operating costs and expenses declined 11.6% during the first half, while its Singapore operations grew assets under management from below $100 million to more than $400 million by Q2 2026.

Noah Holdings reported total assets under management of RMB140.9 billion, USD-denominated AUM of $6.5 billion, USD-denominated assets under administration of $9.78 billion, and cash and cash equivalents of RMB4.323 billion with zero interest-bearing debt.

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