LexinFintech Holdings (LX) Company Report

Analyst Coverage

Research analysts who have asked questions during LexinFintech Holdings earnings calls.

Alex Ye

UBS Group AG

3 questions for LX

Also covers: FINV, QFIN

Yada Li

CICC

3 questions for LX

Also covers: FINV, LU, QFIN

Dongping Zhou

China International Capital Corporation

2 questions for LX

Also covers: FINV

Huanan Zhou

UBS Group AG

2 questions for LX

Judy Zhang

Citigroup

2 questions for LX

Also covers: LU, OCFT, TIGR

Alan Chen

Citigroup Inc.

1 question for LX

Also covers: OCFT

Emma Xu

Bank of America Securities

1 question for LX

Also covers: FUTU, LU, QFIN +1 more

Yu Feng Chen

Huatai Securities

1 question for LX

Zhuhan Wang

China International Capital Corporation

1 question for LX

Zoe Zou

CLSA

1 question for LX

Latest news

Recent press releases and 8-K filings for LX.

LexinFintech Reports Q3 2025 Results

Earnings

Guidance Update

Share Buyback

LexinFintech reported a net profit of RMB 521 million in Q3 2025, representing a 2% quarter-over-quarter and 68% year-over-year increase, reaching a record high in the last 15 quarters. Total revenue for the quarter was RMB 3.42 billion.
The company efficiently completed business adjustments to comply with new regulations, fully stopping the facilitation of loans with APR above 24% by October 1st. This transition resulted in a modest 3.7% decrease in total loan volume compared to the second quarter.
For Q4 2025, LexinFintech anticipates a moderate quarter-over-quarter decline in loan volume and a sequential decrease in net income and net income take rate due to expected ongoing industry-wide risk volatility. Despite this, the full year 2025 net profit is still expected to achieve significant year-over-year growth, having reached RMB 1.5 billion in net profit during the first nine months, a 98% year-over-year growth.
The dividend payout ratio was increased from 25% to 30% of net profit starting from the second half of 2025. The company's share repurchase plan and the CEO's personal share purchase plan are both more than halfway completed, with $25 million worth of ADS repurchased by the company and over $5 million by the CEO as of October.

Nov 24, 2025, 11:00 AM

Transcript

LX Reports Strong Q3 2025 Net Profit Amid Regulatory Adjustments

Earnings

Guidance Update

Share Buyback

LX reported a net profit of RMB 521 million in Q3 2025, marking a 2% quarter-over-quarter and 68% year-over-year increase, reaching a record high in the last 15 quarters. Revenue was RMB 3.42 billion and loan volume reached RMB 50.89 billion. The net income take rate increased by 9 basis points to 2.01%.
The company efficiently completed business adjustments in Q3 2025 to comply with new regulations, proactively stopping loans with APR above 24% by October 1st. This transition led to a shift in loan volume mix, with capital-light loans decreasing from 20% to 13% and capital-heavy loans increasing from 80% to 87% of total new loan volume, resulting in a modest 3.7% decrease in total loan volume compared to Q2.
Management expects Q4 2025 net profit to see a sequential decline due to the new regulation's impact, industry-wide liquidity tightening, and risk fluctuations, particularly in the first half of the quarter, with stabilization expected in the second half. Despite this, the full year 2025 net profit is still projected to achieve significant year-over-year growth. The company has strengthened risk identification and management, with the 90-day delinquency ratio improving by 15 basis points to 3.0% in Q3.
LX increased its dividend payout ratio from 25% to 30% of net profit starting from the second half of 2025 and is actively executing share repurchase and personal share purchase plans, both of which are more than halfway completed ahead of schedule.

Nov 24, 2025, 11:00 AM

Transcript

Lexin Announces Third Quarter 2025 Results

Earnings

Demand Weakening

Lexin reported a net income of 521 million RMB for Q3 2025, marking a 1.9% increase quarter-over-quarter and a 68.4% increase year-over-year.
Total operating revenue for Q3 2025 was 3,417 million RMB, experiencing a 4.7% decrease quarter-over-quarter and a 6.7% decrease year-over-year.
Loan originations in Q3 2025 amounted to 50.9 billion RMB, a 3.7% decrease quarter-over-quarter.
The company's user base expanded, reaching 240 million registered users and 35.8 million cumulative active users in Q3 2025.
The delinquency ratio (90 days +) improved to 3.0% in Q3 2025, down from 3.1% in the prior quarter.

Nov 24, 2025, 11:00 AM

Presentation

LexinFintech Holdings Ltd. Reports Q3 2025 Financial Results

Earnings

Dividends

Share Buyback

LexinFintech Holdings Ltd. reported net income of RMB521 million for the third quarter of 2025, marking a 68% increase year-over-year, while total operating revenue decreased 6.7% to RMB3,417 million.
Loan originations for Q3 2025 were RMB50.9 billion, a 0.2% decrease from the prior year, and the 90 day+ delinquency ratio improved to 3.0% as of September 30, 2025.
The company enhanced shareholder returns by increasing its dividend payout ratio from 25% to 30% of net profit and repurchased approximately US$25 million worth of ADSs since the third quarter.
LexinFintech maintains its guidance for significant year-over-year growth in net income for the full year 2025, despite expecting a sequential decline in Q4 transaction volume and net income due to new regulatory requirements.