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LexinFintech Holdings Ltd.

LexinFintech Holdings Ltd.

NASDAQ•LX
CEO: Mr. Wenjie Xiao
Sector: Financial Services
Industry: Financial - Credit Services
Listing Date: 2017-12-21
LexinFintech Holdings Ltd., together with its subsidiaries, provides online consumer finance services in the People's Republic of China. The company offers Fenqile.com, an online consumer finance platform that offers installment purchase and personal installment loans, as well as online direct sales of electronic, home appliance, and general merchandise products with installment payment terms; and Lehua Card for scenario-based lending. It also provides technology-driven platform services for financial institution customers and partners to increase revenues, manage financial risks, improve operating efficiency and service quality, enhance collections, and reduce overall costs; Maiya, a buy-now and pay-later service; and Juzi Licai, an online investment platform. In addition, the company offers technical support and consulting, software development, financing guarantee, and financial technology services. The company was formerly known as Staging Finance Holding Ltd. and changed its name to LexinFintech Holdings Ltd. in March 2017. LexinFintech Holdings Ltd. was founded in 2013 and is headquartered in Shenzhen, the People's Republic of China.
Contact Information
CES Tower, 27th Floor No. 3099 Keyuan South Road Nanshan District, Shenzhen, 518057, China
86-755-3637-8888
www.lexin.com
Market Cap
$556.60M
P/E (TTM)
2.4
27.2
Dividend Yield
9.3%
52W High
$11.64
52W Low
$3.15
52W Range
1%
Rank32Top 16.7%
5.3
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 5.3 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024

Financial Dashboard

Q3 2025 Data

Revenue

$512.83M+0.00%
4-Quarter Trend

EPS

$0.26-1.06%
4-Quarter Trend

FCF

$0.00+0.00%
4-Quarter Trend

2024 Annual Earnings Highlights

Key Highlights

Total Revenue Increased 8.8% Total operating revenue reached RMB 14.20B in 2024, marking an 8.8% increase from RMB 13.06B in 2023.
Credit Facilitation Income Rises Credit facilitation service income grew 13.8% to RMB 11.00B in 2024, driven by higher loan facilitation fees.
Net Income Up 3.2% Net income attributable to ordinary shareholders was RMB 1.10B in 2024, showing a 3.2% increase over RMB 1.07B in 2023.
Share-based Costs Decreased Share-based compensation expenses decreased to RMB 94.62M in 2024 from RMB 117.85M in 2023, reducing operating costs.

Risk Factors

Asset Quality Deterioration Risk 90-day+ delinquency ratio rose to 3.6% by year-end 2024 from 2.9% in 2023, increasing credit loss provisions.
PRC Regulatory Uncertainty Remains Continued uncertainty exists regarding PRC VIE structure enforceability and evolving data security/overseas listing regulations.
E-commerce Transaction Volume Down Installment e-commerce platform service income dropped 24.5% in 2024 to RMB 1.32B due to decreased transaction volume.
Potential for Higher Tax Liabilities PRC tax scrutiny on related party transactions and potential reclassification as PRC resident enterprise pose tax risks.

Outlook

Focus on Young Generation Consumers Strategy centers on serving young consumers (ages 23-40) and capturing long-term growth potential through credit needs.
Technology Investment Remains High R&D expenses were RMB 578M (US$ 79M) in 2024 (4.1% of revenue), supporting AI/big data risk management.
Dividend Policy Confirmed Board approved 25% total net profit payout ratio for the entire year 2025, continuing semi-annual dividend policy.
Exploring International Markets Selectively Company is selectively exploring international markets to catalyze global business expansion alongside core China operations.

Peer Comparison

Revenue (TTM)

LexinFintech Holdings Ltd.LX
$1.95B
-0.3%
Heritage Insurance Holdings, Inc.HRTG
$843.04M
+5.9%
NerdWallet, Inc.NRDS
$795.00M
+24.7%

Gross Margin (Latest Quarter)

Atlanticus Holdings CorporationATLC
96.3%
-0.2pp
NerdWallet, Inc.NRDS
92.9%
+2.1pp
LexinFintech Holdings Ltd.LX
35.5%
-17.1pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
DCOM$1.37B23.14.1%5.7%
NRDS$1.08B14.919.2%0.0%
ATLC$999.34M8.520.2%75.7%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
0.3%
Moderate Growth
4Q Net Income CAGR
-4.9%
Stable Profitability
Cash Flow Stability
0%
Cash Flow Needs Attention

Research & Insights

Next earnings:Mar 16, 2026
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EPS:-
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Revenue:-
Reports
All Years

  • Form 20-F - FY 2024

    Period End: Dec 31, 2024|Filed: Apr 18, 2025|
    Revenue: $1.97B+8.8%
    |
    EPS: $0.92+2.5%
    N/A

  • Form 20-F - FY 2023

    Period End: Dec 31, 2023|Filed: Apr 29, 2024|
    Revenue: $1.84B+32.3%
    |
    EPS: $0.92+37.3%
    Miss

  • Form 20-F - FY 2022

    Period End: Dec 31, 2022|Filed: Apr 26, 2023|
    Revenue: $1.47B-13.3%
    |
    EPS: $0.70-62.7%
    Beat

  • Form 20-F - FY 2021

    Period End: Dec 31, 2021|Filed: Apr 29, 2022|
    Revenue: $1.76B-2.3%
    |
    EPS: $1.96+288.3%
    Miss

  • Form 20-F - FY 2020

    Period End: Dec 31, 2020|Filed: Apr 28, 2021|
    Revenue: $1.69B+9.8%
    |
    EPS: $0.47-74.7%
    Beat