Jun 2026 (Q2 FY26) — Aug 26, 2026
Noah Holdings Q2 FY26 — AI-Driven Transformation Yields Profitability and AUM Growth
Read the full callNoah Holdings earnings: last reported Wed, 26 Aug 2026, for the quarter ended Jun 2026.
Price
1Y: $11.32 on 17 Oct 2025 → $7.07. High $12.32 (18 Feb 2026), low $7.07 (19 Oct 2026).
Overview
Call summaries
Noah Holdings Q2 FY26 — AI-Driven Transformation Yields Profitability and AUM Growth
Read the full callNoah Holdings Limited Q1 FY26 — Profitability Improves with AI-Driven Efficiency
Read the full callEvery analysed call
Financials
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | — | — | — | — | 0 | 0 | 0 | 0 |
| Reserves | 574 | 680 | 611 | 814 | 813 | 907 | 809 | 832 |
| Total liabilities | 267 | 277 | 325 | 431 | 333 | 318 | 242 | 251 |
| Fixed assets | 50 | 43 | 38 | 405 | 360 | 350 | 326 | 337 |
| Investments | 66 | 96 | 18 | 15 | 46 | 53 | 175 | 94 |
| Total assets | 1,166 | 1,408 | 1,441 | 1,709 | 1,711 | 1,787 | 1,614 | 1,679 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 150 | 185 | 122 | 239 | 92 | 186 | 53 | 140 |
| Cash from investing | -58 | -26 | 54 | -404 | 11 | -35 | -115 | 43 |
| Cash from financing | 16 | 78 | -57 | -81 | 34 | -28 | -155 | -91 |
| Net cash flow | 116 | 242 | 96 | -253 | 148 | 130 | -208 | 77 |
| Capital expenditure | -19 | -9 | -8 | -356 | -9 | -22 | -11 | -19 |
| Free cash flow | 131 | 176 | 114 | -118 | 83 | 163 | 42 | 120 |
| KPI | Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|
| Overseas registered clients | 20.373KAs of March 31, overseas registered clients reached 20,373, up 11.9% year-over-year.Source: earnings call transcript | 21.059KAs 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 | 1,781Overseas, Diamond and Black Card clients reached 1,781, up 3.8% quarter-over-quarter, reflecting continued traction in overseas markets.Source: earnings call transcript | 1,791Overseas 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.
31 filings between Mar 31, 2026 and Sep 30, 2026.
Purchases
None
No insider bought shares.
Sales
$126.2K
14 sales by 1 insider
| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Wu May Yihong | — | $126.2K | Sep 30, 2026 |
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Sep 30, 2026 | Wu May Yihong Director | Sale | 1,000 | $7.9K |
| Sep 30, 2026 | Wu May Yihong Director | Sale | 1,000 | $7.9K |
| Sep 30, 2026 | Wu May Yihong Director | Sale | 1,000 | $7.9K |
| Sep 30, 2026 | Wu May Yihong Director | Sale | 1,000 | $7.9K |
| Sep 30, 2026 | Wu May Yihong Director | Sale | 1,000 | $7.9K |
| Sep 30, 2026 | Wu May Yihong Director | Sale | 4,000 | $31.6K |
| Sep 30, 2026 | Wu May Yihong Director | Sale | 1,000 | $7.9K |
| Sep 30, 2026 | Wu May Yihong Director | Sale | 1,000 | $7.9K |
| Sep 30, 2026 | Wu May Yihong Director | Sale | 1,000 | $7.9K |
| Sep 30, 2026 | Wu May Yihong Director | Sale | 1,000 | $7.9K |
| Sep 30, 2026 | Wu May Yihong Director | Sale | 1,000 | $7.9K |
| Sep 30, 2026 | Wu May Yihong Director | Sale | 1,000 | $7.9K |
| Sep 29, 2026 | Wu May Yihong Director | Sale | 500 | $3.9K |
| Sep 29, 2026 | Wu May Yihong Director | Sale | 500 | $4.0K |
| Jun 29, 2026 | YIN ZHE CHIEF EXECUTIVE OFFICER | Option exercise | 765 | — |
| Jun 29, 2026 | Pan Qing CHIEF FINANCIAL OFFICER | Option exercise | 1,095 | — |
| Jun 29, 2026 | Wang Jingbo (Norah) Director | Option exercise | 765 | — |
| May 29, 2026 | YIN ZHE CHIEF EXECUTIVE OFFICER | Option exercise | 740 | — |
| May 29, 2026 | Wang Jingbo (Norah) Director | Option exercise | 740 | — |
| May 29, 2026 | Pan Qing CHIEF FINANCIAL OFFICER | Option exercise | 1,035 | — |
| Apr 29, 2026 | YIN ZHE CHIEF EXECUTIVE OFFICER | Option exercise | 740 | — |
| Apr 29, 2026 | Pan Qing CHIEF FINANCIAL OFFICER | Option exercise | 1,035 | — |
| Apr 29, 2026 | Wang Jingbo (Norah) Director | Option exercise | 740 | — |
| Mar 31, 2026 | YIN ZHE CHIEF EXECUTIVE OFFICER | Option exercise | 125,000 | — |
| Mar 31, 2026 | Pan Qing CHIEF FINANCIAL OFFICER | Option exercise | 225,230 | — |
| Mar 31, 2026 | YIN ZHE CHIEF EXECUTIVE OFFICER | Option exercise | 740 | — |
| Mar 31, 2026 | Pan Qing CHIEF FINANCIAL OFFICER | Option exercise | 1,035 | — |
| Mar 31, 2026 | Wang Jingbo (Norah) Director | Option exercise | 75,000 | — |
| Mar 31, 2026 | Wang Jingbo (Norah) Director | Option exercise | 125,000 | — |
| Mar 31, 2026 | Wang Jingbo (Norah) Director | Option exercise | 740 | — |
| Mar 31, 2026 | YIN ZHE CHIEF EXECUTIVE OFFICER | Option exercise | 75,000 | — |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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