Quarterly ResultMay 26, 2026, 06:03 PM
Qfin Holdings Q1 Net Revenue RMB3.91B; Net Income RMB879.8M
AI Summary
Qfin Holdings reported unaudited financial results for Q1 2026, with total net revenue decreasing to RMB3,909.3 million and net income falling to RMB879.8 million compared to the prior year. The company saw a significant decline in loan facilitation volume and outstanding loan balance, reflecting industry adjustments and regulatory tightening. Despite these challenges, Qfin highlighted improved risk performance, operational efficiency, and a strong balance sheet, while also announcing the repurchase of US$577 million in convertible senior notes and outlining plans for global expansion.
Key Highlights
- Total net revenue was RMB3,909.3 million (US$566.7 million), down from RMB4,690.7 million YoY.
- Net income was RMB879.8 million (US$127.5 million), down from RMB1,796.6 million YoY.
- Non-GAAP net income was RMB945.9 million (US$137.1 million), down from RMB1,926.2 million YoY.
- Total loan facilitation and origination volume decreased 26.8% YoY to RMB65,034 million.
- Total outstanding loan balance decreased 18.5% YoY to RMB114,387 million.
- 90 day+ delinquency rate was 3.50% as of March 31, 2026.
- Repurchased US$577 million of 2030 convertible notes for US$502 million in cash.
- Q2 2026 net income guidance is RMB830-910 million, a 47-51% YoY decline.
Price Impact
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