LexinFintech Holdings Past Earnings Performance
Past criteria checks 3/6
LexinFintech Holdings's earnings have been declining at an average annual rate of -9.2%, while the Consumer Finance industry saw earnings declining at 0.9% annually. Revenues have been growing at an average rate of 5.7% per year. LexinFintech Holdings's return on equity is 12%, and it has net margins of 10.8%.
Key information
-9.22%
Earnings growth rate
-6.45%
EPS growth rate
| Consumer Finance Industry Growth | 7.20% |
| Revenue growth rate | 5.74% |
| Return on equity | 11.96% |
| Net Margin | 10.84% |
| Last Earnings Update | 31 Mar 2026 |
Recent past performance updates
Recent updates
Narrative Update • May 27
LX: Share Repurchases And Upcoming Dividend Will Support Bullish Reassessment
Analysts have trimmed their price target for LexinFintech Holdings from $6.63 to $4.89, reflecting updated views on its fair value, discount rate, revenue growth, profit margin and future P/E assumptions. What's in the News From October 1, 2025 to December 31, 2025, LexinFintech Holdings repurchased 4,700,000 shares for US$14 million under its existing buyback program, taking total repurchases under the plan to 9,600,000 shares, or 5.64% of shares, for US$39 million (company filing).Seeking Alpha • May 27
LexinFintech: Staying Bullish, But Understand The Skepticism
Summary LexinFintech Holdings has declined ~80% from March 2025 highs, reflecting severe investor pessimism and regulatory headwinds. Q1 2026 delivered early signs of stabilization: revenue up 6.6% yoy, user and loan origination growth, but credit metrics remain a concern. Shares trade at ~2.5x forward EPS, near historical lows, suggesting deep pessimism; even modest operational improvement could drive significant re-rating. I remain cautiously optimistic, seeing washed-out sentiment and valuation as offering asymmetric upside if LX sustains multi-quarter improvement. Read the full article on Seeking Alpha
Narrative Update • May 02
LX: Dividend And Buybacks Will Support Future Upside Potential
Analysts have revised their price target on LexinFintech Holdings to $4.07 from $5.06, citing updated assumptions around revenue growth, profit margins, and future P/E expectations under a slightly higher discount rate. What's in the News The board approved a dividend of US$0.094 per ordinary share, or US$0.188 per ADS, for the six-month period ended December 31, 2025, with payment expected on June 3, 2026, to shareholders of record as of April 24, 2026, New York time (company announcement).
Narrative Update • Apr 17
LX: Dividend And Completed Buybacks Will Support Measured Future Upside Potential
Analysts have slightly adjusted their price target on LexinFintech Holdings, reflecting modest tweaks to discount rate, revenue growth, profit margin, and future P/E assumptions. Together, these changes point to a refined view of the stock's risk and earnings profile, with the new target expressed in $ terms to capture these updated inputs.Narrative Update • Apr 03
LX: Dividend And Buybacks Will Support Future Upside Potential
Analysts have reduced their price target on LexinFintech Holdings from $3.58 to $2.60. They cite updated assumptions around discount rates, revenue trends, profit margins, and future P/E levels.Narrative Update • Mar 20
LX: Share Repurchases And Dividend Will Support Future Upside
Analysts have trimmed their price target for LexinFintech Holdings from about $5.32 to $5.06, citing updated assumptions that include a higher discount rate, softer revenue growth expectations, a stronger profit margin outlook, and a lower future P/E estimate. What's in the News Board approved a dividend of US$0.094 per ordinary share, or US$0.188 per ADS, for the six months ended December 31, 2025, with payment expected on June 3, 2026 to holders of record on April 24, 2026 New York time (company announcement).Narrative Update • Mar 06
LX: Stable Fair Value And Profitability Assumptions Will Support Future Upside
Analysts have slightly adjusted their price target for LexinFintech Holdings to reflect updated assumptions around discount rate, revenue, profit margin, and forward P/E. This has led to a modest revision in their estimated fair value per share in U.S. dollar terms.Narrative Update • Feb 20
LX: Completed Buyback And Maintained Earnings Guidance Will Support Future Upside
Analysts have nudged their price target for LexinFintech Holdings to about $3.58 from roughly $3.50, reflecting updated views on the stock's fair value, discount rate, revenue trajectory, profit margin, and future P/E assumptions. What's in the News LexinFintech Holdings reported that from July 21, 2025 to September 30, 2025 it repurchased 3,999,200 shares, representing 2.35% of shares, for a total of $25 million, completing the buyback program announced on July 21, 2025 (Key Developments).Narrative Update • Feb 05
LX: Share Repurchase Completion And Earnings Guidance Will Support Bullish Upside
Analysts have adjusted their price target on LexinFintech Holdings to US$3.50. This reflects slightly higher assumed discount rates, a minor revision to projected revenue trends and profit margins, and a modestly higher future P/E multiple in their updated models.Narrative Update • Jan 22
LX: Share Repurchases And Earnings Outlook Will Support Bullish Reassessment
Analysts have cut their price target on LexinFintech Holdings from about $14.19 to $6.63, citing updated assumptions that include a higher discount rate, more conservative revenue growth expectations, a slightly lower profit margin outlook, and a reduced future P/E multiple. What's in the News From July 21, 2025 to September 30, 2025, LexinFintech Holdings repurchased 3,999,200 shares, representing 2.35% of its shares, for US$25 million under its previously announced buyback and reported this tranche as completed (Key Developments).Narrative Update • Jan 08
LX: Share Repurchases And Earnings Outlook Will Support Bullish Upside
Analysts have nudged their price target on LexinFintech Holdings slightly higher to US$3.50, reflecting updated assumptions around discount rates, revenue trends, profit margins and forward P/E multiples. What's in the News LexinFintech Holdings reported that from July 21, 2025 to September 30, 2025, it repurchased 3,999,200 shares, representing 2.35% of shares, for US$25 million under its previously announced buyback, and stated that this tranche is now complete (Key Developments).Narrative Update • Dec 24
LX Will Balance Higher Risk With Buyback Support And Earnings Outlook
Analysts have reduced their price target on LexinFintech Holdings by roughly 25 percent, citing higher perceived risk, weaker revenue growth expectations, and slightly lower projected profit margins. These factors are partially offset by a modestly higher future valuation multiple.Narrative Update • Dec 10
LX: Share Repurchase Will Support Future Upside Amid Softer Outlook
Analysts have trimmed their price target on LexinFintech Holdings to reflect a softer revenue growth outlook and slightly higher perceived risk, revising their fair value estimate down by roughly 40 percent to about $5.32 from approximately $8.88 per share. What's in the News Completed a share repurchase of 3,999,200 shares, or about 2.35 percent of outstanding equity, for a total consideration of $25 million under the July 21, 2025 buyback program (Key Developments) Maintained full year 2025 earnings guidance, reiterating expectations for significant year over year growth in net income despite recent market volatility (Key Developments) Valuation Changes Fair Value Estimate reduced significantly to approximately $5.32 per share from about $8.88 per share, implying a cut of roughly 40 percent.Narrative Update • Nov 26
LX: Share Repurchase Will Drive Future Upside Despite Margin Pressures
Analysts have revised LexinFintech Holdings' fair value estimate down from $11.50 to $8.88. This change reflects tougher revenue growth expectations and reduced profit margins in their most recent assessment.Analysis Article • Oct 29
Not Many Are Piling Into LexinFintech Holdings Ltd. (NASDAQ:LX) Stock Yet As It Plummets 28%
To the annoyance of some shareholders, LexinFintech Holdings Ltd. ( NASDAQ:LX ) shares are down a considerable 28% in...Analysis Article • May 13
Further Upside For LexinFintech Holdings Ltd. (NASDAQ:LX) Shares Could Introduce Price Risks After 31% Bounce
LexinFintech Holdings Ltd. ( NASDAQ:LX ) shareholders would be excited to see that the share price has had a great...Seeking Alpha • Apr 14
LexinFintech: My Thoughts On The Recent Sell-Off And Relative Value; Sell Recommendation
Summary Despite LexinFintech's pronounced underperformance against the market and peers. I think a meaningful short-term price gain is unlikely. There are still pronounced market risks in the US and China considering macro fundamentals, which is especially meaningful for a high-volatility and high-beta stock like LX. Relative valuation points to mostly downside for the stock. Read the full article on Seeking AlphaAnalysis Article • Mar 27
LexinFintech Holdings (NASDAQ:LX) Has Announced That It Will Be Increasing Its Dividend To CN¥0.088
LexinFintech Holdings Ltd.'s ( NASDAQ:LX ) dividend will be increasing from last year's payment of the same period to...Analysis Article • Mar 19
Market Might Still Lack Some Conviction On LexinFintech Holdings Ltd. (NASDAQ:LX) Even After 29% Share Price Boost
Despite an already strong run, LexinFintech Holdings Ltd. ( NASDAQ:LX ) shares have been powering on, with a gain of...Seeking Alpha • Mar 12
LexinFintech Not As Good As Profit Increase Suggests
Summary LexinFintech's 37% profit increase is overshadowed by concerns about its Cayman Island's structure, posing potential regulatory and legal risks for U.S. investors. Despite user growth, LexinFintech's loan originations and balances are declining, with increasing delinquencies and charge-offs indicating deteriorating loan quality. The company's recent profit spike is driven by changes in financial guarantee derivatives, while operating costs outpace revenue growth. Given the structural risks and variable earnings, I cannot recommend investing in LexinFintech; other companies offer similar business models without these regulatory uncertainties. Read the full article on Seeking AlphaSeeking Alpha • Mar 06
LexinFintech: Some Caution Warranted, But Still Bullish
Summary Although some caution may be warranted given macro challenges and recent bull run, I remain long-term bullish on LexinFintech given attractive growth prospects. LexinFintech targets tech-savvy, underbanked consumers in China with installment loans and BNPL solutions, facing stiff competition from larger financial institutions. Valuation at 6x forward EPS is attractive, and the upcoming Q4-24 financial update may be the next catalyst to move LX stock even higher. Read the full article on Seeking AlphaSeeking Alpha • Feb 24
LexinFintech: A Fintech Play With Hidden Risks
Summary I like that LexinFintech is trading at just 9x forward earnings, but I’m not fully sold here. The company’s user growth is slowing, and that makes me question its long-term potential. Without quarterly cash flow updates, I feel like I’m missing a crucial part of the financial picture. For now, I’m neutral as I need to see more consistent growth before I consider getting bullish. Read the full article on Seeking Alpha
New Narrative • Feb 14
Cost Pressures May Affect Margins, But Risk Upgrades Could Improve Future Earnings
LexinFintech's flat loan origination and rising operational costs could challenge future revenue growth and net margins.Analysis Article • Jan 25
LexinFintech Holdings Ltd. (NASDAQ:LX) Soars 26% But It's A Story Of Risk Vs Reward
Despite an already strong run, LexinFintech Holdings Ltd. ( NASDAQ:LX ) shares have been powering on, with a gain of...Seeking Alpha • Jan 21
LexinFintech: Current Quant Rating Appears To Be Too Generous
Summary LexinFintech Holdings Ltd. faces significant macroeconomic challenges in China, including competition and a slowing economy, justifying a 'Hold' rating despite its top SA Quant score. LX's financial performance shows modest revenue growth and thin profitability, with low net profit margins and weak customer base growth impacting loan originations. Valuation analysis reveals a low P/E ratio and a fair share price of $9.3, but fundamental risks and economic headwinds justify the current discount. Read the full article on Seeking AlphaSeeking Alpha • Jan 06
LexinFintech: Lower Active Users, And Smaller Margin Of Safety
Summary LexinFintech reported a 19.5% y/y decrease in total loan origination and an 11% decline in active users in Q3 2024. Despite a 9.3% increase in registered users and improved dividend policy, risks from U.S. regulations and macroeconomic factors remain. Adjusted net income dropped by 20%, and the new financial model indicates a lower margin of safety, leading me to close my position. LexinFintech's business model is strong, but current market conditions and potential regulatory risks make it less attractive at this price. Read the full article on Seeking AlphaSeeking Alpha • Dec 18
LexinFintech: A Well-Deserved Quant Rating Boost
Summary LexinFintech is massively undervalued with a 101% upside potential, driven by profitability improvements and a strategic shift toward asset-light models. The company leverages AI and big data to enhance credit risk management and user experience while focusing on cost control and operational efficiency. LX's recent financial performance shows a mixed picture, but net profit surged 36.7% QoQ, supported by reduced costs and enhanced revenue take rates. Despite regulatory and macroeconomic risks in China, LX's increased dividend payout ratio and strong Wall Street bullish sentiment bolster confidence in its long-term prospects. Read the full article on Seeking AlphaAnalysis Article • Nov 27
LexinFintech Holdings Ltd.'s (NASDAQ:LX) Shares Leap 37% Yet They're Still Not Telling The Full Story
LexinFintech Holdings Ltd. ( NASDAQ:LX ) shares have continued their recent momentum with a 37% gain in the last month...Analysis Article • Sep 28
Further Upside For LexinFintech Holdings Ltd. (NASDAQ:LX) Shares Could Introduce Price Risks After 42% Bounce
The LexinFintech Holdings Ltd. ( NASDAQ:LX ) share price has done very well over the last month, posting an excellent...Seeking Alpha • Sep 18
LexinFintech: User Base Sees Growth, AI In The Works, And Undervalued
Summary LexinFintech Holdings Ltd. shows strong user base and cumulative borrower growth, driven by AI, proprietary software, and financial institution partnerships. LX's focus on young Chinese consumers and strategic equity investments in fintech and insurance sectors are expected to drive future FCF growth. Financial improvements include reduced debt, increased equity, and substantial cash reserves, indicating robust operational performance and potential stock price appreciation. My DCF model reveals significant undervaluation suggesting substantial upside potential for LX stock. Read the full article on Seeking AlphaSeeking Alpha • Sep 04
LexinFintech: Eyes On Loan Origination Miss And Business Mix Changes
Summary LexinFintech Holdings Ltd.'s Q2 2024 loan origination was a 5%-7% miss as compared to prior management guidance, and the company's Q3 prospects are unfavorable with expectations of flattish loan origination growth. Despite near-term challenges, LexinFintech Holdings' long-term outlook is positive, with growing contributions from asset-light businesses and international operations. LexinFintech stock is still rated as a Hold, as the company's shares are cheap in the absence of short-term catalysts. Read the full article on Seeking AlphaAnalysis Article • Sep 03
LexinFintech Holdings' (NASDAQ:LX) Dividend Will Be CN¥0.0634
The board of LexinFintech Holdings Ltd. ( NASDAQ:LX ) has announced that it will pay a dividend of CN¥0.0634 per share...Analysis Article • May 08
Not Many Are Piling Into LexinFintech Holdings Ltd. (NASDAQ:LX) Just Yet
When close to half the companies in the United States have price-to-earnings ratios (or "P/E's") above 18x, you may...Seeking Alpha • Feb 16
LexinFintech Is An Undervalued Hidden Gem
Summary LexinFintech is a cheap stock in the Chinese fintech industry, offering a P/E multiple of under 2. The company makes money as a matchmaker between young Chinese professionals and financial institutions. The business has strong fundamentals and high retention rates, but the market has not recognized its improving fundamentals. Price target of $5. Read the full article on Seeking AlphaSeeking Alpha • Feb 01
LexinFintech: What To Watch With Upcoming Q4 Results
Summary Investors should watch LX's financial performance and shareholder capital return moves when the company releases its Q4 2023 results in March. I see a good chance of LexinFintech returning more capital to shareholders in the future, but I don't think that LX's actual fourth quarter results will surpass expectations. My decision is to maintain my Hold rating for the Company, after assessing the key things to watch with LX's upcoming earnings disclosure. Read the full article on Seeking AlphaRevenue & Expenses Breakdown
Revenue & Expenses Breakdown
How LexinFintech Holdings makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Mar 26 | 13,357 | 1,448 | 2,296 | 588 |
| 31 Dec 25 | 13,152 | 1,677 | 2,281 | 595 |
| 30 Sep 25 | 13,768 | 1,826 | 2,382 | 614 |
| 30 Jun 25 | 14,012 | 1,614 | 2,343 | 613 |
| 31 Mar 25 | 14,066 | 1,329 | 2,248 | 599 |
| 31 Dec 24 | 14,204 | 1,100 | 2,162 | 578 |
| 30 Sep 24 | 14,054 | 750 | 2,140 | 563 |
| 30 Jun 24 | 13,901 | 811 | 2,109 | 541 |
| 31 Mar 24 | 13,316 | 940 | 2,091 | 519 |
| 31 Dec 23 | 13,057 | 1,066 | 2,121 | 513 |
| 30 Sep 23 | 12,598 | 1,355 | 2,103 | 513 |
| 30 Jun 23 | 11,779 | 1,260 | 2,136 | 527 |
| 31 Mar 23 | 11,136 | 1,069 | 2,177 | 560 |
| 31 Dec 22 | 9,866 | 820 | 2,117 | 583 |
| 30 Sep 22 | 9,015 | 774 | 2,043 | 611 |
| 30 Jun 22 | 9,293 | 1,079 | 2,105 | 602 |
| 31 Mar 22 | 10,149 | 1,700 | 2,130 | 578 |
| 31 Dec 21 | 11,381 | 2,334 | 2,130 | 549 |
| 30 Sep 21 | 12,214 | 2,588 | 2,152 | 481 |
| 30 Jun 21 | 12,400 | 2,352 | 2,023 | 468 |
| 31 Mar 21 | 12,089 | 1,985 | 1,849 | 472 |
| 31 Dec 20 | 11,645 | 595 | 1,726 | 474 |
| 30 Sep 20 | 11,760 | 603 | 1,897 | 480 |
| 30 Jun 20 | 11,794 | 983 | 2,053 | 483 |
| 31 Mar 20 | 11,329 | 1,192 | 2,022 | 448 |
| 31 Dec 19 | 10,604 | 2,295 | 1,951 | 416 |
| 30 Sep 19 | 9,549 | 2,465 | 1,599 | 395 |
| 30 Jun 19 | 8,211 | 2,188 | 1,188 | 367 |
| 31 Mar 19 | 7,758 | 2,224 | 992 | 346 |
| 31 Dec 18 | 7,597 | 1,977 | 870 | 320 |
| 30 Sep 18 | 7,097 | 1,310 | 746 | 307 |
| 30 Jun 18 | 6,400 | 638 | 699 | 281 |
| 31 Mar 18 | 5,977 | 199 | 640 | 259 |
| 31 Dec 17 | 5,582 | 26 | 609 | 235 |
| 30 Sep 17 | 5,378 | -24 | 590 | 214 |
| 30 Jun 17 | 4,992 | -36 | 543 | 182 |
| 31 Mar 17 | 4,616 | -129 | 490 | 148 |
| 31 Dec 16 | 4,339 | -223 | 464 | 127 |
| 31 Dec 15 | 2,525 | -362 | 284 | 40 |
Quality Earnings: LX has high quality earnings.
Growing Profit Margin: LX's current net profit margins (10.8%) are higher than last year (9.4%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: LX's earnings have declined by 9.2% per year over the past 5 years.
Accelerating Growth: LX's earnings growth over the past year (9%) exceeds its 5-year average (-9.2% per year).
Earnings vs Industry: LX earnings growth over the past year (9%) did not outperform the Consumer Finance industry 24.1%.
Return on Equity
High ROE: LX's Return on Equity (12%) is considered low.
Return on Assets
Return on Capital Employed
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/09 04:20 |
| End of Day Share Price | 2026/06/09 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
LexinFintech Holdings Ltd. is covered by 14 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Eddie Leung | BofA Global Research |
| Dongping Zhou | China International Capital Corporation Limited |
| Qingqing Mao | China International Capital Corporation Limited |