LexinFintech Holdings Earnings Call Transcripts
Fiscal Year 2026
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Loan volume and revenue grew strongly, driven by ecosystem businesses, while net profit remained stable. Asset quality improved, with risk indicators trending down and provision coverage robust. Shareholder returns prioritized via a planned ADS cancellation and prudent capital management.
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.