LexinFintech Holdings Earnings Call Transcripts
Fiscal Year 2025
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Q4 2025 featured resilient performance amid regulatory changes, with RMB 214 million net income and improved e-commerce margins. Risk indicators trended downward, and the company raised dividends and continued share buybacks, focusing on compliance and operational resilience.
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Q3 saw strong net profit growth and resilience amid regulatory changes, with a record RMB 521M net income and a 2.01% take rate. Business mix shifted to capital-heavy loans, e-commerce and tech segments grew, and risk remained controlled. Q4 is expected to be challenging but full-year profit growth remains on track.
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Q2 2025 saw record net profit and strong revenue growth, driven by improved asset quality, robust e-commerce expansion, and enhanced risk management. Shareholder returns were boosted through higher dividends and a major share repurchase plan.
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Achieved record net profit of RMB 430 million in Q1 2025, up 18.6% sequentially and 113% year-over-year, driven by improved asset quality, risk management, and a shift to capital-light models. Management reaffirmed strong full-year profit guidance and increased dividend payout ratio.
Fiscal Year 2024
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Q4 2024 saw strong profit and margin growth, driven by improved asset quality, risk management, and tech investments. Dividend payout ratio rises to 25% of net profit, with 2025 guidance for stable GMV and significant net income growth.
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Q3 2024 saw strong net profit growth of 36.7% quarter-over-quarter, record-low funding costs, and improved asset quality, with a steady revenue of RMB 3.7 billion. The company launched a capital-light platform and raised its dividend payout ratio for 2025.
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Revenue and net profit grew over 12% quarter-over-quarter despite a decline in loan issuance, driven by improved asset quality, record low funding costs, and a surge in e-commerce and overseas business. Risk indicators improved, and a strong cash dividend was declared.