Qfin Holdings Inc. ADR (QFIN) 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 %
Q2 26	$7.07	$3.28	-53.6%	—	$2.6B	—
Q1 26	$6.39	$7.16	+12.1%	—	$3B	—
Q4 25	$8.21	$7.82	-4.8%	—	$3.4B	—
Q3 25	$11.8	$10.8	-8.5%	—	$4.4B	—
Q2 25	$12.7	$12.8	+0.7%	—	$4.3B	—
Q1 25	$12.5	$12.6	+1.1%	—	$4.1B	—
Q4 24	$12.2	$13.2	+8.3%	—	$3.9B	—
Q3 24	$10	$12.2	+21.7%	—	$495.1M	—
Q2 24	$7.17	$8.92	+24.4%	—	$469.2M	—
Q1 24	$7.16	$7.3	+2.0%	—	$3.3B	—
Q4 23	$7.04	$6.88	-2.3%	—	$3.9B	—
Q3 23	$6.46	$7.2	+11.5%	—	$3.6B	—
Q2 23	$6.91	$6.95	+0.6%	—	$3.3B	—
Q1 23	$5.97	$5.92	-0.8%	—	$2.8B	—
Q4 22	$3.41	$5.7	+67.2%	—	$3.3B	—
Q3 22	$6.39	$6.48	+1.4%	—	$3.3B	—

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	—	$45	—	—	$16.1B	—
FY24	—	$42	—	—	$14B	—
FY23	—	$26.7	—	—	$13.4B	—
FY22	—	$25.7	—	—	$13.9B	—

Total revenue

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

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$654.3M	$3.7B	$7.1B	$11.7B	$14.3B	$13.9B	$13.4B	$14B	$16.1B
YoY change	—	+469.2%	+91.4%	+63.5%	+22.5%	-2.36%	-3.88%	+4.72%	+14.6%

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	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	654.3M	3.7B	7.1B	11.7B	14.3B	13.9B	13.4B	14B	16.1B
Cost of revenue	—	—	—	—	—	—	—	—	—
Gross profit	—	—	—	—	—	—	—	—	—
Gross margin	—	—	—	—	—	—	—	—	—
Research & development	—	—	—	—	—	—	—	—	—
Selling, general & administrative	391.4M	1.9B	3.3B	1.5B	2.6B	2.6B	2.4B	2.2B	3.1B
Operating expenses	391.4M	1.9B	3.3B	1.5B	2.6B	2.6B	2.4B	2.2B	3.1B
Operating income	—	—	—	—	—	—	—	—	—
Operating margin	—	—	—	—	—	—	—	—	—
Non-operating income, net	—	—	—	—	—	—	—	—	—
Pretax income	213M	1.7B	3B	4.1B	7B	4.7B	5.3B	7.9B	7.4B
Income tax	48.2M	466.4M	466M	586M	1.3B	736.8M	1B	1.6B	1.4B
Net income	164.9M	1.2B	2.5B	3.5B	5.8B	4B	4.3B	6.2B	6B
Net margin	25.2%	32%	35.1%	30%	40.4%	28.7%	31.8%	44.5%	37.2%
EBITDA	—	—	—	—	—	—	—	—	—
EPS	1.06	-18.8	17.3	23.4	37.6	25.7	26.7	42	45
Diluted EPS	1.03	-18.8	16.6	22.8	36	25	26.1	41.3	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	3.6B	3.9B	3.3B	469.2M	495.1M	3.9B	4.1B	4.3B	4.4B	3.4B	3B	2.6B
Cost of revenue	—	—	—	—	—	—	—	—	—	—	—	—
Gross profit	—	—	—	—	—	—	—	—	—	—	—	—
Gross margin	—	—	—	—	—	—	—	—	—	—	—	—
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	625M	659.6M	522M	64.3M	72M	680M	788M	838.6M	808.6M	693.4M	614.6M	533.5M
Operating expenses	625M	659.6M	522M	64.3M	72M	680M	788M	838.6M	808.6M	693.4M	614.6M	533.5M
Operating income	—	—	—	—	—	—	—	—	—	—	—	—
Operating margin	—	—	—	—	—	—	—	—	—	—	—	—
Non-operating income, net	—	—	—	—	—	—	—	—	—	—	—	—
Pretax income	1.5B	1.3B	1.5B	289.3M	331.6M	1.9B	2.2B	2.2B	1.8B	1.2B	1.1B	1.1B
Income tax	340.4M	223.2M	366.1M	97.5M	78.5M	20M	423.6M	441.5M	398.8M	136.5M	260.7M	691.1M
Net income	1.1B	1.1B	1.2B	191.7M	253.1M	1.9B	1.8B	1.7B	1.4B	1B	879.8M	401.4M
Net margin	31.9%	28.5%	34.9%	40.9%	51.1%	49.1%	44.3%	40%	32.9%	29.8%	29.2%	15.4%
EBITDA	—	—	—	—	—	—	—	—	—	—	—	—
EPS	7.12	7.02	7.46	9.08	12.4	13.4	12.8	13	11	7.92	7.26	3.34
Diluted EPS	6.94	6.88	7.3	8.92	12.2	13.2	12.6	12.8	10.8	7.82	7.16	3.28

P/E

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
Market cap	—	—	—	—	—	—	—	—	—	—	857.2M
Enterprise value	—	—	—	—	—	—	—	—	—	—	-348.1M
Shares outstanding	—	1.1B	735M	1B	1.1B	1.1B	1.1B	1.2B	149M	133.2M	133.2M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	—	—	—	—	—	—	—	—	—	—	1.64
P/S	—	—	—	—	—	—	—	—	—	—	0.05
P/B	—	—	—	—	—	—	—	—	—	—	0.24
EV/EBITDA	—	—	—	—	—	—	—	—	—	—	-0.39
EV/Sales	—	—	—	—	—	—	—	—	—	—	-0.14
Earnings yield	—	—	—	—	—	—	—	—	—	—	61%
FCF yield	—	—	—	—	—	—	—	—	—	—	267.6%
PEG	—	—	—	—	—	—	—	—	—	—	-0.02

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Operating margin	—	—	—	—	—	—	—	—	—	—	32.5%
Net margin	—	25.2%	32%	35.1%	30%	40.4%	28.7%	31.8%	44.5%	37.2%	22.3%
ROE	—	22.5%	26.9%	34.7%	36.9%	37.9%	21.2%	19.4%	25.8%	24.7%	15.3%
ROA	—	—	—	—	—	—	—	—	13%	10.5%	6.55%
Return on tangible assets	—	—	—	—	—	—	—	—	13.6%	10.9%	7.3%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	—	—	—	—	—	—	—	—	—	—	2.17
Debt / equity	—	—	0	0.03	0.02	0.03	0.01	0.04	0.06	0.16	0.14
Debt / assets	—	—	—	—	—	—	—	—	0.03	0.07	0.06
Net debt / EBITDA	—	—	—	—	—	—	—	—	—	—	-0.55
Effective tax rate	—	22.6%	28.1%	15.7%	14.4%	17.9%	15.5%	19.1%	20.8%	19%	28.5%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	—	0.58	5.07	6.81	10.8	12.8	12.3	11.5	94.2	120.7	133.4
EPS (basic)	—	1.06	-18.8	17.3	23.4	37.6	25.7	26.7	42	45	45
EPS (diluted)	—	1.03	-18.8	16.6	22.8	36	25	26.1	41.3	44	4.37
Book value per share	—	0.65	6.04	6.89	8.77	13.7	16.7	18.9	162.7	181.3	30.3
FCF per share	—	-0.1	0.38	2.82	4.91	5.18	5.2	6.05	61.7	81.4	69.6
Cash per share	—	0.41	1.97	2.01	4.09	5.49	6.37	3.6	52.7	56.7	56
Capex per share	—	0.01	0.01	0.02	0.01	0.02	0.02	0.07	1.03	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	—	1.09%	0.23%	0.36%	0.13%	0.18%	0.19%	0.63%	1.09%	—	—
Capex / operating cash flow	—	-2.39%	-1.08%	1.07%	0.39%	0.76%	0.7%	2.06%	2.53%	—	—
Payout ratio	—	—	—	—	0%	0%	24.7%	22.1%	20.2%	23.1%	36.7%
Dividend yield	—	—	—	—	—	—	—	—	—	—	13.1%

Yield

13.1%

trailing twelve months

Frequency

Semi-annual

Last dividend

$0.46

ex-dividend Sep 9, 2026

Payout ratio

37%

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
Sep 9, 2026	$0.46
Apr 22, 2026	$0.78
Sep 8, 2025	$0.76
Apr 23, 2025	$0.70
Sep 27, 2024	$0.60
Apr 12, 2024	$0.58
Sep 21, 2023	$0.50
Apr 10, 2023	$0.16

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	$3.6B	$3.9B	$3.3B	$469.2M	$495.1M	$3.9B	$4.1B	$4.3B	$4.4B	$3.4B	$3B	$2.6B
YoY change	+8.64%	+19.3%	+17.6%	-85.7%	-86.1%	+0.12%	+22.1%	+822.6%	+778.9%	-12.5%	-25.8%	-39.7%

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	6.2M	468.5M	1.4B	2.1B	4.4B	6.1B	7.2B	4.2B	7.8B	7.5B
Receivables	5.4M	327.1M	1.8B	2.4B	2.8B	3.3B	3.1B	3.1B	2.2B	972.3M
Inventory	—	—	—	—	—	—	—	—	—	—
Total current assets	—	—	—	—	—	—	—	—	—	—
Property, plant & equipment	2M	6M	12.2M	—	—	—	—	—	—	—
Goodwill & intangibles	416K	524K	1.7M	7M	6.8M	2B	2B	2.1B	2B	2B
Total assets	—	—	—	—	—	—	—	—	48.1B	56.9B
Accounts payable	—	—	—	—	—	—	—	—	—	—
Short-term debt	—	—	0	221M	215.3M	423.4M	180.7M	827.7M	1.4B	2.2B
Total current liabilities	—	—	—	—	—	—	—	—	—	—
Long-term debt	—	—	—	—	—	—	—	—	—	1.6B
Total liabilities	—	—	—	—	—	—	—	—	23.9B	32.8B
Shareholders' equity	-21.8M	734.1M	4.4B	7.2B	9.5B	15.2B	18.9B	22B	24.2B	24.2B
Total debt	—	—	0	221M	215.3M	423.4M	180.7M	827.7M	1.4B	3.8B
Net debt	—	—	-1.4B	-1.9B	-4.2B	-5.7B	-7B	-3.4B	-3.1B	-873.2M

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	4.9B	4.2B	5.3B	923.3M	1B	7.8B	10.6B	10.2B	10.9B	7.5B	6.5B	6.8B
Receivables	3B	3.1B	2.9B	300M	312.1M	2.2B	2.3B	2.3B	2B	972.3M	723.6M	499.5M
Inventory	—	—	—	—	—	—	—	—	—	—	—	—
Total current assets	—	—	—	—	—	—	—	—	—	—	—	—
Property, plant & equipment	—	—	—	—	—	—	—	—	—	—	—	—
Goodwill & intangibles	2.1B	2.1B	2.1B	284.3M	286M	2B	2B	2B	2.1B	2B	2B	2B
Total assets	—	—	47.4B	6.5B	6.6B	48.1B	55.6B	59.8B	61.4B	56.9B	54.1B	53.1B
Accounts payable	—	—	—	—	—	—	—	—	—	—	—	—
Short-term debt	756.3M	827.7M	683.8M	147.5M	146.8M	1.4B	1.2B	1.5B	1.5B	2.2B	1.4B	2.2B
Total current liabilities	—	—	—	—	—	—	—	—	—	—	—	—
Long-term debt	—	—	—	—	—	—	4.9B	4.9B	4.8B	1.6B	772M	760.8M
Total liabilities	—	—	25.3B	3.4B	3.4B	23.9B	32.5B	35.6B	37.1B	32.8B	29.7B	28.3B
Shareholders' equity	21.1B	22B	22.1B	3.2B	3.2B	24.2B	23.1B	24.1B	24.3B	24.2B	24.4B	24.8B
Total debt	756.3M	827.7M	683.8M	147.5M	146.8M	1.4B	6.1B	6.3B	6.3B	3.8B	2.2B	2.9B
Net debt	-4.2B	-3.4B	-4.6B	-735.3M	-456.6M	-3.1B	-2.4B	1B	-197.2M	-873.2M	-3.5B	-1.2B

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	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	164.9M	1.2B	2.5B	3.5B	5.8B	4B	4.3B	6.2B	6B
Depreciation & amortization	1.3M	3.8M	7.6M	36.1M	66M	77M	73.8M	74.9M	68.1M
Stock-based compensation	0	607.4M	250.4M	301.2M	253.9M	199.7M	185.6M	167.6M	378.4M
Change in working capital	-463.6M	-2.6B	-369.5M	-4.7B	-5.8B	-4.8B	-3.5B	-904.1M	-1.6B
Operating cash flow	-297.4M	-794.1M	2.4B	3.9B	3.3B	3.9B	4.1B	6.1B	11.1B
Capital expenditure	-7.1M	-8.6M	-25.6M	-15.3M	-25.3M	-27M	-84.6M	-153.2M	—
Investing cash flow	-1.2B	327.6M	-8.9B	-15.3M	-26.8M	-86.5M	-76.7M	-3.5B	129.5M
Dividends paid	—	—	—	0	0	-988.6M	-941.7M	-1.3B	-1.4B
Share repurchases	—	—	—	—	0	0	-636.2M	-3B	-4.8B
Financing cash flow	2.3B	457.4M	6.2B	-3.5B	2.1B	2.6B	890.5M	-3.4B	746.1M
Net change in cash	763.8M	-9M	-262.7M	443M	5.4B	6.3B	4.9B	-874.9M	12B
Free cash flow	-118.1M	276.6M	2.9B	5.3B	5.8B	5.9B	7B	9.2B	10.8B

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	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	—	—	—	—	—	—	—	—	—	—	—	—
Depreciation & amortization	—	—	—	—	—	—	—	—	—	—	—	—
Stock-based compensation	—	—	—	—	—	—	—	—	—	—	—	—
Change in working capital	—	—	—	—	—	—	—	—	—	—	—	—
Operating cash flow	—	—	—	—	—	—	—	2.6B	2.5B	3.2B	2.1B	1.1B
Capital expenditure	—	—	—	—	—	—	—	—	—	—	—	—
Investing cash flow	—	—	—	—	—	—	—	—	—	—	—	—
Dividends paid	—	—	—	—	—	—	—	—	—	—	—	—
Share repurchases	—	—	—	—	—	—	—	—	—	—	—	—
Financing cash flow	—	—	—	—	—	—	—	—	—	—	—	—
Net change in cash	—	—	—	—	—	—	—	2.6B	2.5B	3.2B	2.1B	1.1B
Free cash flow	1.2B	2.3B	2B	273.2M	333.7M	2.9B	2.8B	2.6B	2.5B	2.9B	2.1B	1.1B

Qfin Holdings Inc. ADR Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

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