Quarterly ResultMay 24, 2026, 10:02 PM
LexinFintech Q1 Net Income RMB201M (-53.2%); Revenue RMB3.31B (+6.6%)
AI Summary
LexinFintech Holdings Ltd. announced its unaudited financial results for Q1 2026, reporting a 6.6% year-over-year increase in total operating revenue to RMB3.31 billion, while net income decreased 53.2% to RMB201 million. The company highlighted solid operational resilience and growth in its diversified business ecosystem, with non-Consumer Finance businesses driving nearly 50% of total loan originations. Lexin also continued its share repurchase program, buying back approximately 9.6 million ADSs for $39 million.
Key Highlights
- Total operating revenue increased 6.6% YoY to RMB3,309 million.
- Net income decreased 53.2% YoY to RMB201 million.
- Total loan originations grew 12.2% YoY to RMB57.9 billion.
- Installment e-commerce platform service GMV surged 95% YoY to RMB2,198 million.
- Total registered users reached 250 million, up 7.6% YoY.
- 90 day+ delinquency ratio increased to 3.5% from 3.1% in Q4 2025.
- Repurchased 9.6 million ADSs for approximately $39 million under share repurchase program.
- Forecasts Q2 2026 total loan origination to remain relatively flat.
Price Impact
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