LexinFintech Holdings Earnings Call Transcripts
Fiscal Year 2026
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Loan volume and revenue grew sequentially, driven by ecosystem businesses now comprising half of total volume. Asset quality improved, with delinquency ratios down and provision coverage strong. Shareholder returns were prioritized via a major ADS cancellation.
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 revenue growth, improved asset quality, and lower credit costs, driven by advanced risk management and AI investments. The company raised its dividend payout ratio and expects significant net profit growth in 2025, despite macro uncertainties.
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Q3 2024 saw strong net profit growth of 36.7% quarter-over-quarter, driven by improved asset quality, record-low funding costs, and enhanced customer acquisition efficiency. The company launched a capital-light Intelligent Credit Platform and raised its dividend payout ratio for 2025.
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Revenue and net profit both grew over 12% quarter-over-quarter, driven by improved asset quality, record low funding costs, and a higher revenue take rate. Overseas business, especially in Mexico, saw rapid growth, while risk indicators for new assets improved significantly.