FinVolution Group Sponsored ADR Class A (FINV) 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 %
Q4 25	$1.61	$1.77	+9.9%	—	$3.1B	—
Q3 25	$2.1	$2.24	+6.7%	—	$3.5B	—
Q3 22	$0.09	$0.19	+111.1%	—	$3B	—
Q4 21	$2	$2.36	+18.0%	—	$2.4B	—
Q2 20	$1.36	$1.5	+10.3%	—	$1.8B	—
Q1 20	$0.21	$1.36	+547.6%	—	$2.1B	—
Q4 19	$1.33	$1.32	-0.8%	—	$1.4B	—
Q3 19	$2.22	$1.89	-14.9%	—	$1.6B	—
Q2 19	$1.95	$2.11	+8.2%	—	$1.6B	—
Q1 19	$1.58	$2.26	+43.0%	—	$1.5B	—
Q4 18	$1.7	$4.8	+182.4%	—	$1.3B	—
Q3 18	$1.3	$1.97	+51.5%	—	$1.1B	—
Q2 18	$1.44	$1.87	+29.9%	—	$1.1B	—
Q1 18	$0.6	$1.39	+131.7%	—	$955.4M	—
Q4 17	-$0.2	-$5.4	-2600.0%	—	$898.9M	—

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	—	$10.1	—	—	$13.6B	—
FY24	—	$9.25	—	—	$13.1B	—
FY23	—	$8.5	—	—	$12.6B	—
FY22	—	$8	—	—	$11.3B

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	$1.2B	$3.9B	$4.5B	$6B	$7.8B	$9.5B	$11.3B	$12.6B	$13.1B	$13.6B
YoY change	+521.3%	+223%	+15.7%	+31.2%	+30.7%	+22.5%	+18.2%	+11.7%	+3.85%	+3.98%

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	1.2B	3.9B	4.5B	6B	7.8B	9.5B	11.3B	12.6B	13.1B	13.6B
Cost of revenue	388.1M	974.5M	985.6M	1.2B	1.6B	1.9B	2.2B	2.2B	2.4B	3B
Gross profit	827.6M	3B	3.6B	4.8B	6.2B	7.6B	9.1B	10.4B	10.7B	10.6B
Gross margin	68.1%	75.2%	78.3%	79.7%	80.1%	79.9%	80.6%	82.8%	81.6%	78.2%
Research & development	—	164.9M	318M	390.6M	370.2M	434.9M	491.5M	511M	496.7M	536.6M
Selling, general & administrative	590.8M	1.2B	1.1B	1.2B	944M	2.1B	2.1B	2.3B	2.4B	2.6B
Operating expenses	625.5M	1.5B	1.3B	1.8B	3.3B	4.5B	5.8B	7.2B	7.5B	6.6B
Operating income	236.8M	1.5B	1.8B	2.6B	2.3B	2.6B	2.5B	2.4B	2.5B	2.9B
Operating margin	19.5%	38.9%	40.6%	44.4%	29.6%	27.4%	22.3%	18.9%	19.4%	21.6%
Non-operating income, net	312.9M	-171.5M	774.1M	210.1M	116.5M	122.4M	220.7M	394.7M	310.1M	165.9M
Pretax income	549.8M	1.4B	2.6B	2.9B	2.4B	2.7B	2.7B	2.8B	2.8B	3.1B
Income tax	48.3M	274.7M	151.2M	482M	455.4M	240.8M	454.8M	395.1M	457.4M	556.2M
Net income	501.5M	1.1B	2.5B	2.4B	2B	2.5B	2.3B	2.4B	2.4B	2.5B
Net margin	41.2%	27.6%	54.3%	39.8%	25.3%	26.1%	20.2%	18.9%	18.2%	18.7%
EBITDA	49.7M	1.8B	1.8B	2.8B	2.4B	2.7B	2.6B	2.5B	2.6B	3.1B
EPS	-0.2	-12.8	8.24	7.78	6.7	8.85	8	8.5	9.25	10.1
Diluted EPS	-0.2	-12.8	7.72	7.64	6.6	8.45	7.8	8.35	9.05	9.6

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	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	3.2B	3.3B	3.2B	441.7M	461M	3.5B	3.5B	3.6B	3.5B	3.1B	3.2B	3.4B
Cost of revenue	520M	616.3M	539.6M	80.2M	84.9M	683.4M	620.5M	674.5M	757.8M	912.7M	762.3M	752.9M
Gross profit	2.7B	2.7B	2.6B	361.5M	376.1M	2.8B	2.9B	2.9B	2.7B	2.1B	2.4B	2.7B
Gross margin	83.7%	81.2%	83%	81.8%	81.6%	80.3%	82.2%	81.1%	78.3%	70.2%	76.3%	77.9%
Research & development	132.6M	127.6M	120.5M	16.6M	18.4M	126.3M	126M	129M	139M	142.6M	125.5M	118.9M
Selling, general & administrative	628.8M	606.6M	531.5M	80.2M	95.3M	644.1M	636.6M	716.6M	652.6M	636.9M	606.3M	587.2M
Operating expenses	1.9B	2B	1.9B	262.8M	271.8M	1.8B	1.8B	1.8B	1.7B	1.3B	1.6B	1.8B
Operating income	553.4M	512.8M	628.4M	77.9M	78.8M	787.9M	883.2M	865.9M	732.2M	454.2M	529.7M	573M
Operating margin	17.3%	15.6%	19.9%	17.6%	17.1%	22.7%	25.4%	24.2%	21%	14.8%	16.5%	16.8%
Non-operating income, net	124.4M	67.6M	31M	9.4M	26.1M	25.9M	8.4M	64.1M	44.3M	49.2M	-15.5M	-29.9M
Pretax income	677.8M	580.4M	659.5M	87.3M	104.9M	813.9M	891.6M	930M	776.5M	503.4M	514.2M	543.1M
Income tax	103.1M	51.6M	127.5M	10.5M	17.1M	133.1M	153.9M	178.7M	135.7M	87.9M	93.1M	116.4M
Net income	574.7M	528.8M	532M	76.8M	87.8M	680.8M	737.6M	751.3M	640.7M	415.5M	421.1M	426.8M
Net margin	18%	16.1%	16.8%	17.4%	19%	19.6%	21.2%	21%	18.4%	13.6%	13.1%	12.5%
EBITDA	553.4M	512.8M	628.4M	77.9M	78.8M	787.9M	906M	916.3M	732.5M	454.2M	529.7M	636.8M
EPS	2.1	1.95	2	2.1	2.45	2.7	2.95	2.9	2.5	1.7	1.75	1.85
Diluted EPS	2.05	1.9	1.95	2.05	2.4	2.6	2.85	2.8	2.35	1.65	1.65	1.8

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	—	—	—	5.9B	5.7B	10.2B	10.2B	9.8B	—	1.3B	724.8M
Enterprise value	—	—	—	3.7B	1.2B	4.6B	3.3B	1.9B	—	-4.7B	-596.5M
Shares outstanding	2.2B	1.1B	2.2B	2.2B	2.1B	2.1B	2B	2B	257.6M	252M	252M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	—	—	—	2.47	2.91	4.07	4.45	4.13	—	0.52	2.8
P/S	—	—	—	0.98	0.73	1.06	0.9	0.78	—	0.1	0.06
P/B	—	—	—	0.73	0.68	0.95	0.82	0.71	—	0.08	0.29
EV/EBITDA	—	—	—	1.35	0.48	1.7	1.27	0.79	—	-1.51	-0.68
EV/Sales	—	—	—	0.63	0.15	0.48	0.29	0.15	—	-0.34	-0.3
Earnings yield	—	—	—	40.5%	34.4%	24.6%	22.5%	24.2%	—	193.1%	35.7%
FCF yield	—	—	—	-4.51%	38%	5.66%	2.13%	8.9%	—	134.6%	55%
PEG	—	—	—	—	—	—	—	—	—	—	-0.08

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	68.1%	75.2%	78.3%	79.7%	80.1%	79.9%	80.6%	82.8%	81.6%	78.2%	77.9%
Operating margin	19.5%	38.9%	40.6%	44.4%	29.6%	27.4%	22.3%	18.9%	19.4%	21.6%	50%
Net margin	41.2%	27.6%	54.3%	39.8%	25.3%	26.1%	20.2%	18.9%	18.2%	18.7%	14.5%
ROE	64.9%	29.4%	41.3%	29.6%	23.4%	23.3%	18.3%	17.2%	15.4%	15.1%	11.6%
ROA	23.4%	12.6%	18.8%	13%	13.2%	13.8%	10.7%	11.2%	10.1%	10%	14.1%
ROIC	200.9%	-726.7%	64.4%	37.3%	48.4%	46.6%	37.7%	34.2%	26.3%	22.2%	15.7%
Return on tangible assets	23.4%	12.9%	19.1%	13.1%	13.5%	14%	10.8%	11.4%	10.3%	10.3%	7.47%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	1.59	1.92	1.78	1.7	3.49	4.1	3.83	4.97	4.31	5.2	7.5
Quick ratio	1.59	1.92	1.78	1.7	3.49	4.1	3.83	4.97	4.31	5.2	4.02
Debt / equity	0	—	0	0.04	0.01	0	0.01	0	0	0.08	0.09
Debt / assets	0	—	0	0.02	0	0	0.01	0	0	0.05	0.06
Net debt / EBITDA	-13.4	—	-1.85	-0.76	-1.9	-2.08	-2.67	-3.22	-2.85	-1.94	-2.06
Interest coverage	13	98	30.7	11.2	10.1	—	—	—	—	103.1	103.1
Effective tax rate	8.78%	20.2%	5.77%	16.9%	18.8%	8.8%	16.6%	14.2%	16.1%	17.9%	18.5%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	0.56	3.47	2.09	2.7	3.64	4.63	5.51	6.28	50.8	54	54.1
EPS (basic)	-0.2	-12.8	8.24	7.78	6.7	8.85	8	8.5	9.25	10.1	10.1
EPS (diluted)	-0.2	-12.8	7.72	7.64	6.6	8.45	7.8	8.35	9.05	9.6	1.1
Book value per share	0.36	3.26	2.75	3.62	3.94	5.2	6.08	6.91	60.4	66.8	10.5
FCF per share	0.49	2.93	0.83	-0.12	1.02	0.28	0.11	0.44	11.1	7.04	4.31
Cash per share	0.31	3.4	1.52	1.1	2.15	2.73	3.45	3.95	29.1	29	27.2
Capex per share	0.01	0.08	0.04	0.02	0.01	0.03	0.03	0.27	0.11	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	2.45%	2.31%	1.84%	0.82%	0.14%	0.58%	0.47%	4.27%	0.21%	—	—
Capex / operating cash flow	5.76%	5.57%	39.3%	-5.73%	0.71%	7.48%	17.7%	2.6K%	-6.03%	—	—
Payout ratio	—	0%	0%	16.5%	13.4%	12.7%	16.3%	18.1%	18.5%	20%	28.3%
Dividend yield	—	—	—	6.66%	4.61%	3.13%	3.67%	4.38%	—	38.7%	39.7%

Yield

39.7%

trailing twelve months

Frequency

Annual

Last dividend

$0.306

ex-dividend Apr 16, 2026

Payout ratio

28%

of earnings

Dividend growth

5 years

consecutive annual raises

Dividend per share

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

Recent payouts

Ex-dividend	Amount
Apr 16, 2026	$0.306
Apr 16, 2025	$0.277
Apr 15, 2024	$0.237
Apr 12, 2023	$0.215
Apr 12, 2022	$0.205
Apr 6, 2021	$0.17
Apr 6, 2020	$0.12
Apr 4, 2019	$0.19

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	$3.2B	$3.3B	$3.2B	$441.7M	$461M	$3.5B	$3.5B	$3.6B	$3.5B	$3.1B	$3.2B	$3.4B
YoY change	+7.61%	+2.52%	+3.75%	-85.6%	-85.6%	+6.08%	+9.98%	+710.1%	+656.4%	-11.9%	-7.78%	-4.88%

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	664.7M	3.9B	3.3B	2.4B	4.6B	5.6B	7.1B	7.9B	7.5B	7.3B
Receivables	14.2M	17.8M	812M	882.3M	863.9M	1.9B	2.2B	2.2B	2.4B	2B
Inventory	—	—	—	—	—	—	—	—	—	—
Total current assets	1.9B	8.2B	12.5B	16.9B	13.5B	16.4B	18.9B	18.2B	19.1B	20.2B
Property, plant & equipment	42.3M	115.8M	144M	230.1M	148.8M	161.5M	333.8M	179M	176.8M	198.3M
Goodwill & intangibles	—	228.3M	238.6M	229.4M	298.7M	298.7M	298.2M	298.2M	375.4M	700M
Total assets	2.1B	8.6B	13.1B	18.3B	14.9B	18.1B	21.4B	21.3B	23.6B	25.4B
Accounts payable	421.7M	1.1B	905M	—	—	—	—	—	—	—
Short-term debt	0	—	25M	235M	—	—	—	5.8M	5.6M	170.4M
Total current liabilities	1.2B	4.3B	7B	10B	3.9B	4B	4.9B	3.7B	4.4B	3.9B
Long-term debt	0	—	—	85.1M	43.3M	33.4M	177M	35.9M	28.8M	1.2B
Total liabilities	1.4B	4.9B	7.2B	10.3B	6.5B	7.4B	8.9B	7.4B	8.1B	8.6B
Shareholders' equity	772.2M	3.7B	6B	8B	8.4B	10.7B	12.4B	13.9B	15.6B	16.8B
Total debt	0	—	25M	320.1M	43.3M	33.4M	177M	41.6M	34.4M	1.3B
Net debt	-404.7M	—	-1.6B	-2B	-2.6B	-4.4B	-3.5B	-4.9B	-4.6B	-3B

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	8.5B	7.9B	8.5B	1.1B	1.3B	7.5B	8.5B	7.9B	7B	7.3B	7.3B	6.4B
Receivables	2.2B	2.2B	2.1B	331.4M	310.8M	2.4B	2.6B	2.8B	2.4B	2B	1.6B	2.9B
Inventory	—	—	—	—	—	—	—	—	—	—	—	—
Total current assets	19.2B	18.2B	14.8B	2.2B	2.4B	19.1B	18.4B	19.2B	19.7B	20.2B	19.1B	19B
Property, plant & equipment	318.4M	179M	646M	93.5M	94M	176.8M	653.8M	657.3M	645.5M	198.3M	675.8M	665.7M
Goodwill & intangibles	298.2M	298.2M	298.2M	52.3M	52.8M	375.4M	396.6M	295.8M	295.3M	700M	700M	572.5M
Total assets	22.2B	21.3B	21.4B	3.1B	3.2B	23.6B	24.4B	25.6B	26.3B	25.4B	25.7B	26.1B
Accounts payable	—	—	—	—	—	—	—	—	—	—	—	—
Short-term debt	—	5.8M	5.7M	762.4K	843.5K	5.6M	27M	67.3M	91.8M	170.4M	192.1M	387.5M
Total current liabilities	4.5B	3.7B	4.1B	575.5M	596.1M	4.4B	5.1B	4.6B	4.8B	3.9B	4.8B	4.7B
Long-term debt	159.6M	35.9M	33.2M	4.3M	3.6M	28.8M	32.1M	1.1B	1.1B	1.2B	1.2B	1.2B
Total liabilities	8.7B	7.4B	7.6B	1.1B	1.1B	8.1B	8.6B	9.5B	9.6B	8.6B	9.1B	9.3B
Shareholders' equity	13.6B	13.9B	13.8B	2B	2.1B	15.6B	15.8B	16.1B	16.7B	16.8B	16.5B	16.7B
Total debt	159.6M	41.6M	38.8M	5.1M	4.4M	34.4M	59M	1.1B	1.1B	1.3B	1.4B	1.6B
Net debt	-5.5B	-4.9B	-6.2B	-790.5M	-713.8M	-4.6B	-5.3B	-4.2B	-3.1B	-3B	-3.3B	-1.7B

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	501.5M	1.1B	2.5B	2.4B	2B	2.5B	2.3B	2.4B	2.4B	2.5B
Depreciation & amortization	12.1M	22.6M	42.2M	107.1M	96.4M	69.2M	65M	69.1M	86.3M	88.9M
Stock-based compensation	0	106.2M	50.3M	42.3M	42.2M	95.2M	89M	116.4M	144.1M	149M
Change in working capital	103.6M	318.9M	-2.3B	-2.3B	566.7M	-704.4M	-962.4M	-1.5B	-2.2B	-1.2B
Operating cash flow	517.3M	1.6B	212.4M	-849.7M	1.6B	739.2M	298.7M	20.8M	-460.1M	1.9B
Capital expenditure	-29.8M	-90.9M	-83.6M	-48.7M	-11M	-55.3M	-52.8M	-538.1M	-27.8M	—
Investing cash flow	-684.1M	-2.5B	-1.4B	-828.2M	1.1B	2B	-1.6B	1.4B	-2.3B	-2.1B
Dividends paid	—	0	0	-390.7M	-263.6M	-317.6M	-372.5M	-430.4M	-441.3M	-510.2M
Share repurchases	0	0	-452.3M	-42.3M	-380M	-26M	-340.8M	-694.5M	-643.2M	-767M
Financing cash flow	418.7M	2.1B	452.4M	1.7B	-3.3B	-273.1M	-806.4M	-2.6B	-651M	-247.1M
Net change in cash	251.9M	1.3B	-777.1M	15M	-709.8M	2.5B	-2.1B	-1.1B	-3.4B	-469.8M
Free cash flow	1.1B	3.3B	1.8B	-264.2M	2.2B	575M	216.1M	875.3M	2.9B	1.8B

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	—	—	—	—	—	—	737.6M	—	—	—	—	—
Depreciation & amortization	—	—	—	—	—	—	22.8M	—	—	—	—	—
Stock-based compensation	—	—	—	—	—	—	34.7M	—	—	—	—	—
Change in working capital	—	—	—	—	—	—	-706.1M	—	—	—	—	—
Operating cash flow	—	—	—	—	—	—	-152.3M	8.6M	871.7M	464.9M	226M	-390M
Capital expenditure	—	—	—	—	—	—	-9.9M	—	—	—	—	—
Investing cash flow	—	—	—	—	—	—	365.2M	—	—	—	—	—
Dividends paid	—	—	—	—	—	—	—	—	—	—	—	—
Share repurchases	—	—	—	—	—	—	-13.7M	—	—	—	—	—
Financing cash flow	—	—	—	—	—	—	-214.4M	—	—	—	—	—
Net change in cash	—	—	—	—	—	—	-1.5M	8.6M	871.7M	464.9M	226M	-390M
Free cash flow	178.4M	850.9M	194.5M	134.6M	222M	127.6M	512.4M	8.6M	871.7M	371.6M	226M	-390M

FinVolution Group Sponsored ADR Class A 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