Quarterly ResultMay 26, 2026, 06:07 AM
LexinFintech Q1 Net Income RMB201M, Total Revenue RMB3.3B
AI Summary
LexinFintech Holdings Ltd. reported mixed unaudited financial results for Q1 2026. Total loan originations increased 12.2% year-over-year to RMB57.9 billion, and total operating revenue rose 6.6% to RMB3.3 billion. However, net income attributable to ordinary shareholders decreased significantly by 53.2% year-over-year to RMB201 million, although it remained relatively steady quarter-over-quarter. The company also noted an increase in its 90 day+ delinquency ratio and expects Q2 2026 loan originations to be relatively flat.
Key Highlights
- Total loan originations reached RMB57.9 billion, an increase of 12.2% year-over-year.
- Net income attributable to ordinary shareholders was RMB201 million, a decrease of 53.2% year-over-year.
- Total operating revenue was RMB3.3 billion, an increase of 6.6% year-over-year.
- Installment e-commerce platform service income increased 81.9% year-over-year to RMB525 million.
- Total registered users grew 7.6% year-over-year to 250 million as of March 31, 2026.
- The 90 day+ delinquency ratio was 3.5% as of March 31, 2026, up from 3.1% in Q4 2025.
- Repurchased approximately 9.6 million ADSs for about $39 million under the share repurchase program.
- Forecasts Q2 2026 total loan origination to remain relatively flat due to macro uncertainties.
Price Impact
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