LexinFintech Holdings Ltd. ADR (LX) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q3 23	$0.43	$0.55	+27.9%	—	$3.5B	—
Q3 22	$0.31	$0.24	-22.6%	—	$2.7B	—
Q2 22	$0.34	$0.15	-55.9%	—	$2.4B	—
Q1 22	$2.92	$3.72	+27.4%	—	$1.7B	—
Q4 21	$1.85	$1.52	-17.8%	—	$2.2B	—
Q3 21	$1.95	$3.09	+58.5%	—	$3B	—
Q2 21	$2.73	$3.82	+39.9%	—	$3.3B	—
Q1 21	$1.76	$3.49	+98.3%	—	$2.9B	—
Q4 20	$2.79	$2.93	+5.0%	—	$3B	—
Q3 20	$1.79	$1.74	-2.8%	—	$3.2B	—
Q2 20	$2.25	$2.1	-6.7%	—	$3B	—
Q1 20	$0.95	-$3.73	-492.6%	—	$2.5B	—
Q4 19	$3.62	$2.87	-20.7%	—	$3.1B	—
Q3 19	$3.87	$3.93	+1.6%	—	$3.2B	—
Q2 19	$3.42	$3.46	+1.2%	—	$2.5B	—
Q1 19	$3.01	$3.44	+14.3%	—	$1.8B	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$9.9	—	—	$13.2B	—
FY24	—	$6.64	—	—	$14.2B	—
FY23	—	$6.48	—	—	$13.1B	—
FY22	—	$4.72	—	—	$9.9B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$4.3B	$5.6B	$7.6B	$10.6B	$11.6B	$11.4B	$9.9B	$13.1B	$14.2B	$13.2B
YoY change	+71.8%	+28.7%	+36.1%	+39.6%	+9.82%	-2.27%	-13.3%	+32.3%	+8.78%	-7.4%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	4.3B	5.6B	7.6B	10.6B	11.6B	11.4B	9.9B	13.1B	14.2B	13.2B
Cost of revenue	3.7B	4.3B	4.6B	5.6B	8B	5.6B	6.8B	8.5B	9.2B	8.7B
Gross profit	602M	1.3B	3B	5B	3.6B	5.7B	3B	4.5B	5B	4.5B
Gross margin	13.9%	23.6%	39.6%	47.1%	31.2%	50.5%	30.8%	34.6%	35.4%	34%
Research & development	127.3M	235.3M	320.2M	416M	474.3M	549.3M	583.3M	513.3M	578.2M	595.3M
Selling, general & administrative	463.7M	609.1M	869.8M	2B	1.7B	2.1B	2.1B	2.1B	2.2B	2.3B
Operating expenses	591M	844.4M	1.2B	2.4B	2.2B	2.7B	2.7B	2.6B	2.7B	2.9B
Operating income	11M	475.7M	1.8B	2.6B	1.4B	3.1B	334.4M	1.9B	2.3B	1.6B
Operating margin	0.25%	8.52%	24%	24.8%	12.3%	27%	3.39%	14.4%	16.1%	12.1%
Non-operating income, net	-22.4M	74.4M	310.7M	118.4M	-670M	-237.8M	749.8M	-501.8M	-923.5M	505.7M
Pretax income	-59.7M	474.6M	2.1B	2.7B	685.6M	2.8B	1B	1.3B	1.4B	2.1B
Income tax	58.3M	234.2M	132.2M	412M	90.6M	435.4M	202.6M	260.8M	253.3M	398.5M
Net income	-117.9M	240.4M	2B	2.3B	595M	2.3B	825.9M	1.1B	1.1B	1.7B
Net margin	-2.72%	4.31%	26%	21.6%	5.11%	20.5%	8.37%	8.16%	7.75%	12.8%
EBITDA	27.2M	448.1M	2B	3B	1.6B	3.4B	652.4M	2.1B	2.5B	1.8B
EPS	-1.47	0.46	11.7	12.9	3.26	12.7	4.72	6.48	6.64	9.9
Diluted EPS	-1.47	0.36	10.9	12.3	3.12	11.5	4.42	6.34	6.48	9.44

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	3.5B	3.5B	3.2B	3.6B	515.4M	3.7B	3.1B	3.6B	3.4B	3B	3.3B	3.2B
Cost of revenue	2.2B	2.3B	2B	2.3B	345.4M	2.4B	1.9B	2.3B	2.2B	2.3B	2.5B	2.7B
Gross profit	1.4B	1.3B	1.2B	1.3B	169.9M	1.3B	1.2B	1.3B	1.2B	784.1M	834.6M	495.7M
Gross margin	38.7%	35.8%	36.9%	37%	33%	34.8%	39.3%	35.5%	34.9%	25.8%	25.2%	15.6%
Research & development	126.6M	135.8M	135M	143.3M	21M	151.1M	155.6M	157.7M	150.1M	131.9M	148.3M	146.7M
Selling, general & administrative	496.2M	537.9M	507.4M	567.9M	74.2M	559.6M	593.9M	663M	565.7M	458.1M	609.5M	454.3M
Operating expenses	622.8M	673.7M	642.4M	711.1M	95.1M	710.7M	749.5M	820.7M	715.8M	590M	757.8M	601M
Operating income	733.6M	584.4M	554.4M	637M	74.8M	563.4M	469.4M	452M	477.2M	194.1M	76.9M	-105.3M
Operating margin	20.9%	16.7%	17.1%	17.5%	14.5%	15.4%	15.1%	12.6%	14%	6.38%	2.32%	-3.3%
Non-operating income, net	-233.1M	-571.7M	-295.4M	-352.4M	-20.4M	-130.4M	66.8M	184M	175M	79.9M	197.8M	266.5M
Pretax income	486.1M	2.4M	255M	286.6M	53.7M	430.4M	531.5M	631.3M	646.8M	266M	269.4M	154.8M
Income tax	115.5M	-9.7M	53.4M	60M	10.2M	67.6M	101.1M	119.9M	125.5M	51.9M	68M	53.5M
Net income	370.6M	12.1M	201.6M	226.5M	43.6M	362.7M	430.3M	511.4M	521.3M	214.1M	201.4M	101.3M
Net margin	10.6%	0.34%	6.22%	6.22%	8.45%	9.91%	13.9%	14.3%	15.3%	7.04%	6.09%	3.18%
EBITDA	746.6M	623.6M	574.8M	1B	76M	577.1M	473.2M	273M	483.8M	198.1M	117M	-73.1M
EPS	2.26	0.08	1.22	1.36	1.86	2.18	2.54	3	3.06	1.28	1.22	0.62
Diluted EPS	2.2	0.08	1.2	1.36	1.84	2.06	2.4	2.86	2.92	1.24	1.2	0.6

Shares outstanding

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Shares outstanding	1.1B	411.9M	1.2B	1.3B	1.3B	1.3B	1.3B	1.2B	165.7M	169.5M	169.5M

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	13.9%	23.6%	39.6%	47.1%	31.2%	50.5%	30.8%	34.6%	35.4%	34%	34%
Operating margin	0.25%	8.52%	24%	24.8%	12.3%	27%	3.39%	14.4%	16.1%	12.1%	12.1%
Net margin	-2.72%	4.31%	26%	21.6%	5.11%	20.5%	8.37%	8.16%	7.75%	12.8%	12.8%
ROE	-847.3%	14.1%	48.1%	34.8%	10.8%	28.9%	9.55%	11%	10.2%	14%	14%
ROA	-1.35%	1.63%	15.9%	11.9%	2.92%	11.1%	3.63%	4.61%	4.95%	7.24%	7.24%
ROIC	0.15%	2.11%	20.8%	17.4%	9.37%	20%	1.67%	12.2%	13.6%	8.82%	8.82%
Return on tangible assets	-1.35%	1.63%	15.9%	11.9%	3.24%	12.2%	3.95%	4.99%	5.36%	7.8%	7.8%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	0.94	0.99	1.29	1.68	1.37	1.63	1.42	1.5	1.86	1.89	1.89
Quick ratio	0.93	0.98	1.28	1.67	1.36	1.63	1.42	1.5	1.86	1.89	1.89
Debt / equity	557.5	6.38	1.28	1.25	1.68	0.93	1.06	0.57	0.49	0.4	0.4
Debt / assets	0.89	0.74	0.42	0.43	0.46	0.36	0.4	0.24	0.24	0.21	0.21
Net debt / EBITDA	267.6	21.7	2.09	2.07	4.72	1.42	11.3	1.28	1.18	1.5	1.5
Interest coverage	0.23	6.3	92.5	70	9.84	44.9	19.5	27.3	151.3	92.3	92.3
Effective tax rate	0%	49.4%	6.27%	15.2%	13.2%	15.7%	19.7%	19.7%	18.7%	19.2%	19.2%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	3.94	13.6	6.2	8.23	8.81	8.52	7.82	10.9	85.7	77.6	77.6
EPS (basic)	-1.47	0.46	11.7	12.9	3.26	12.7	4.72	6.48	6.64	9.9	9.9
EPS (diluted)	-1.47	0.36	10.9	12.3	3.12	11.5	4.42	6.34	6.48	9.44	9.44
Book value per share	0.01	4.13	3.35	5.12	4.18	6.04	6.85	8.1	64.8	70.5	70.5
FCF per share	0.32	3.94	2.24	-0.64	-0.23	1.91	-0.04	2.13	5.04	19.2	19.2
Cash per share	0.44	2.73	0.94	1.62	1.18	1.99	1.4	2.36	14.1	12.7	12.7
Capex per share	0.03	0.09	0.04	0.04	0.07	0.09	0.12	0.19	1.49	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	0.74%	0.68%	0.71%	0.47%	0.74%	1.07%	1.51%	1.76%	1.74%	—	—
Capex / operating cash flow	-10.5%	5.7%	6.49%	104.6%	-1.56%	29.3%	-18.4%	-8.24%	-6.8%	—	—
Payout ratio	—	—	—	—	—	0%	0%	12.7%	14.9%	22.8%	22.8%

Yield

—

trailing twelve months

Frequency

Semi-annual

Last dividend

$0.188

ex-dividend Apr 24, 2026

Payout ratio

23%

of earnings

Dividend growth

2 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Apr 24, 2026	$0.188
Aug 26, 2025	$0.194
Apr 17, 2025	$0.11
Sep 16, 2024	$0.072
Apr 17, 2024	$0.066
Sep 14, 2023	$0.116

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$3.5B	$3.5B	$3.2B	$3.6B	$515.4M	$3.7B	$3.1B	$3.6B	$3.4B	$3B	$3.3B	$3.2B
YoY change	+30.4%	+15.1%	+8.68%	+19.1%	-85.3%	+4.26%	-4.25%	-1.46%	+563.1%	-16.8%	+6.61%	-11.2%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	479.6M	1.1B	1.1B	2.1B	1.6B	2.7B	1.8B	2.8B	2.3B	2.2B
Receivables	6.5B	9.9B	5.1B	3.8B	4.9B	3.8B	6.4B	3.9B	4.7B	5.5B
Inventory	107.7M	101.7M	57.2M	106.8M	47.2M	47.8M	53.9M	33.6M	22.3M	24.1M
Total current assets	7.5B	12.7B	10.3B	16.5B	16.4B	16.7B	17.8B	18.5B	17.9B	18.3B
Property, plant & equipment	41.7M	63.1M	82.4M	92.6M	125.7M	195.3M	284.6M	446.6M	613.1M	895M
Goodwill & intangibles	—	—	—	0	2B	1.9B	1.9B	1.8B	1.7B	1.7B
Total assets	8.7B	14.7B	12.5B	19.2B	20.3B	21B	22.8B	23.1B	22.2B	23.2B
Accounts payable	326M	647.3M	1.2B	1.2B	713.9M	441.5M	408.5M	1.1B	929.2M	955.1M
Short-term debt	7B	10.7B	5.1B	5.8B	6.6B	5B	7.7B	4.5B	3.5B	3.4B
Total current liabilities	8B	12.9B	8B	9.8B	12B	10.2B	12.5B	12.3B	9.6B	9.7B
Long-term debt	721M	166.9M	157.9M	2.5B	2.7B	2.6B	1.5B	980.1M	1.8B	1.4B
Total liabilities	8.7B	13B	8.4B	12.6B	14.8B	13B	14.1B	13.4B	11.5B	11.2B
Shareholders' equity	13.9M	1.7B	4.1B	6.6B	5.5B	8.1B	8.6B	9.7B	10.7B	12B
Total debt	7.8B	10.9B	5.2B	8.3B	9.3B	7.5B	9.2B	5.5B	5.3B	4.8B
Net debt	7.3B	9.7B	4.1B	6.2B	7.7B	4.9B	7.7B	2.9B	3B	2.6B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	2.5B	2.8B	1.9B	2.4B	340.6M	2.3B	3.2B	2.1B	2.2B	2.2B	1.6B	1.2B
Receivables	4.3B	3.9B	4.3B	3.9B	557.8M	4.7B	4.7B	5.4B	5.1B	5.5B	5B	4.7B
Inventory	57.3M	33.6M	29.6M	45M	6.8M	22.3M	19.3M	29.9M	21M	24.1M	20.9M	26.3M
Total current assets	18.6B	18.5B	19.1B	18.7B	2.6B	17.9B	18.3B	18.1B	18.4B	18.3B	17.9B	17.6B
Property, plant & equipment	—	446.6M	—	—	—	613.1M	—	—	—	895M	—	—
Goodwill & intangibles	1.8B	1.8B	1.8B	1.8B	245.3M	1.7B	1.7B	1.7B	1.7B	1.7B	1.6B	1.6B
Total assets	23.7B	23.1B	23.3B	23B	3.2B	22.2B	22.6B	22.5B	23.1B	23.2B	22.8B	22.4B
Accounts payable	14.5M	1.1B	33.2M	43M	4.5M	929.2M	63.3M	72M	49.1M	955.1M	113.3M	148.2M
Short-term debt	5.4B	4.5B	3.1B	3B	496.1M	3.5B	4B	3.7B	3.8B	3.4B	2.3B	1.8B
Total current liabilities	12.6B	12.3B	11B	10.6B	1.5B	9.6B	9.9B	9.6B	10.2B	9.7B	8.8B	8.4B
Long-term debt	1.2B	980.1M	2.2B	2.3B	144.9M	1.8B	1.4B	1.2B	917.9M	1.4B	1.8B	1.8B
Total liabilities	13.9B	13.4B	13.3B	12.9B	1.7B	11.5B	11.4B	10.9B	11.2B	11.2B	10.7B	10.4B
Shareholders' equity	9.8B	9.7B	9.9B	10.1B	1.5B	10.7B	11.2B	11.6B	11.8B	12B	12.1B	12B
Total debt	6.6B	5.5B	5.3B	5.2B	641M	5.3B	5.4B	4.9B	4.8B	4.8B	4B	3.7B
Net debt	4.1B	2.9B	3.4B	3.1B	338M	3B	2.2B	2.8B	2.6B	2.6B	2.5B	2.5B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	-117.9M	240.4M	2B	2.3B	595M	2.3B	825.9M	1.1B	1.1B	1.7B
Depreciation & amortization	4.6M	18.9M	30.4M	87.8M	107.3M	145.3M	148.1M	145.1M	148.2M	143.7M
Stock-based compensation	24M	75.7M	122.6M	177.3M	198.8M	187.9M	156.3M	117.9M	94.6M	96.2M
Change in working capital	-323M	240.3M	-1.2B	-2.4B	-6B	-1.7B	-1.9B	-4B	-4.7B	-1.7B
Operating cash flow	-305.6M	663.4M	835.6M	47.7M	-5.6B	415.2M	-809.2M	-2.8B	-3.6B	3.6B
Capital expenditure	-32.1M	-37.8M	-54.2M	-49.9M	-86.6M	-121.5M	-148.8M	-229.5M	-247.1M	—
Investing cash flow	-4.4B	-5B	3.6B	-783.6M	-2.1B	414.6M	-2.4B	2.3B	-904.9M	-2.3B
Dividends paid	—	—	—	—	—	0	0	-135.6M	-164.4M	-383.1M
Share repurchases	-87.9M	-50M	-171.2M	-339.5M	0	0	-326.9M	0	0	-202.1M
Financing cash flow	4.5B	4.4B	-5.7B	3B	1.2B	-1.8B	1.1B	-3.9B	-402.2M	-1.1B
Net change in cash	-201.4M	87.1M	-1.3B	2.3B	-6.5B	-956.9M	-2.1B	-4.3B	-4.9B	301.7M
Free cash flow	347.7M	1.6B	2.7B	-828.4M	-297.6M	2.5B	-50M	2.6B	834.4M	3.3B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q4 16	Q4 17
Net income	-12.9M	100.4M
Depreciation & amortization	1.9M	5.1M
Stock-based compensation	10M	19.2M
Change in working capital	8.2M	160.9M
Operating cash flow	58.4M	305.4M
Capital expenditure	-13.5M	-5.7M
Investing cash flow	-1.6B	-1.3B
Dividends paid	—	—
Share repurchases	0	-50M
Financing cash flow	831.6M	517M
Net change in cash	-742.2M	-439.7M
Free cash flow	388.5M	663.1M

LexinFintech Holdings Ltd. ADR Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

Shares outstanding

Key stats

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement