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Noah Holdings (NOAH) Q1 FY26 earnings call

Earnings call· Mar 2026 (Q1 FY26)· Financials· May 28, 2026

Source: earnings call transcript

Noah Holdings delivered strong Q1 FY26 operating profit and margin, driven by disciplined cost control and AI-driven efficiency gains, despite a sequential revenue decline from insurance and seasonal performance fees. The company is advancing its global footprint and AI strategy, aiming to transform into an AI-driven global wealth management platform serving Chinese families worldwide, while maintaining a strong balance sheet and committing to shareholder returns.

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NOAH operating KPIs by quarter

NOAH operating KPIs stated on its earnings calls, by fiscal quarter
KPIThis call Mar 2026 Q1 FY26 Jun 2026 Q2 FY26Change vs prior quarter
Overseas registered clients
20.373K As of March 31, overseas registered clients reached 20,373, up 11.9% year-over-year. Source: earnings call transcript
21.059K As of end June, registered overseas clients reached 21,059, up 11% year-over-year. Source: earnings call transcript
+3.4%
Diamond and Black Card clients Overseas
1,781 Overseas, Diamond and Black Card clients reached 1,781, up 3.8% quarter-over-quarter, reflecting continued traction in overseas markets. Source: earnings call transcript
1,791 Overseas diamond and black card clients reached 1,791, up 8.9%. Source: earnings call transcript
+0.6%

Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.

Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.