FinVolution Group (FINV) Income Statement
FINV 2025 at a glance
Fiscal year ended December 31, 2025 · Chinese yuanFINV revenue and net income
Where FINV's revenue goes
2025Each bar shows an amount and its share of revenue. FINV kept 18.7% of revenue as net income.
FINV profit margins
FINV growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +1.0% | +5.8% | +11.8% | +52.4% |
| Gross profit | +0.1% | +4.5% | +10.7% | +59.7% |
| Operating income | +13.7% | +4.7% | +4.6% | — |
| Net income | +3.8% | +3.0% | +4.6% | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
FINV income statement in Chinese yuan
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥13.20B | CN¥13.07B | CN¥12.60B | CN¥11.13B | CN¥9.47B | CN¥7.56B | CN¥5.96B | CN¥4.54B | CN¥3.93B | CN¥1.22B |
| Cost of revenue | CN¥2.82B | CN¥2.70B | CN¥2.16B | CN¥2.04B | CN¥1.84B | CN¥1.33B | CN¥1.21B | CN¥985.6M | CN¥974.5M | CN¥388.1M |
| Gross profit | CN¥10.38B | CN¥10.36B | CN¥10.44B | CN¥9.10B | CN¥7.63B | CN¥6.24B | CN¥4.75B | CN¥3.56B | CN¥2.95B | CN¥827.6M |
| Research & development | CN¥536.6M | CN¥496.7M | CN¥511.0M | CN¥491.5M | CN¥434.9M | CN¥370.2M | CN¥390.6M | CN¥318.0M | CN¥164.9M | CN¥114.6M |
| Sales, general & admin | CN¥2.64B | CN¥2.43B | CN¥2.28B | CN¥2.09B | CN¥2.10B | CN¥944.0M | CN¥1.16B | CN¥1.09B | CN¥1.21B | CN¥590.8M |
| Total operating expenses | CN¥7.50B | CN¥7.83B | CN¥8.05B | CN¥6.58B | CN¥5.01B | CN¥3.93B | CN¥2.11B | CN¥6.06B | CN¥5.30B | CN¥1.81B |
| Operating income | CN¥2.88B | CN¥2.54B | CN¥2.38B | CN¥2.52B | CN¥2.61B | CN¥2.31B | CN¥2.65B | −CN¥2.50B | −CN¥2.35B | −CN¥978.9M |
| Interest income | — | — | — | — | — | CN¥1.11B | CN¥1.34B | CN¥316.2M | CN¥47.0M | CN¥60.0M |
| Interest expense | CN¥28.5M | CN¥0 | CN¥0 | CN¥205.8M | CN¥205.2M | CN¥228.3M | CN¥235.6M | CN¥60.1M | CN¥15.6M | CN¥18.2M |
| Income before taxes | CN¥3.02B | CN¥2.85B | CN¥2.78B | CN¥2.74B | CN¥2.74B | CN¥2.42B | CN¥2.86B | CN¥2.62B | CN¥1.36B | CN¥549.8M |
| Income taxes | CN¥541.1M | CN¥457.4M | CN¥395.1M | CN¥454.8M | CN¥240.8M | CN¥455.4M | CN¥482.0M | CN¥151.2M | CN¥274.7M | CN¥48.3M |
| Net income | CN¥2.47B | CN¥2.38B | CN¥2.34B | CN¥2.27B | CN¥2.51B | CN¥1.97B | CN¥2.37B | CN¥2.47B | CN¥1.08B | CN¥501.5M |
| EBITDA | CN¥3.11B | CN¥2.62B | CN¥2.45B | CN¥2.58B | CN¥2.68B | CN¥2.40B | CN¥2.75B | CN¥1.89B | CN¥1.55B | CN¥248.9M |
| Gross margin | 78.6% | 79.3% | 82.8% | 81.7% | 80.5% | 82.5% | 79.7% | 78.3% | 75.2% | 68.1% |
| Operating margin | 21.8% | 19.4% | 18.9% | 22.6% | 27.6% | 30.5% | 44.4% | −55.1% | −59.9% | −80.5% |
| Net margin | 18.7% | 18.2% | 18.6% | 20.4% | 26.5% | 26.1% | 39.8% | 54.3% | 27.6% | 41.2% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥3.39B | CN¥3.19B | CN¥2.98B | CN¥3.49B | CN¥3.58B | CN¥3.48B | CN¥3.46B | CN¥3.28B | CN¥3.17B | CN¥3.17B | CN¥3.28B | CN¥3.20B |
| Cost of revenue | CN¥750.8M | CN¥757.7M | CN¥835.6M | CN¥757.8M | CN¥674.5M | CN¥620.5M | CN¥728.3M | CN¥603.1M | CN¥830.9M | CN¥539.6M | CN¥616.3M | CN¥520.0M |
| Gross profit | CN¥2.64B | CN¥2.43B | CN¥2.15B | CN¥2.73B | CN¥2.90B | CN¥2.86B | CN¥2.73B | CN¥2.67B | CN¥2.34B | CN¥2.63B | CN¥2.66B | CN¥2.68B |
| Research & development | CN¥118.9M | CN¥125.5M | CN¥142.6M | CN¥139.0M | CN¥129.0M | CN¥126.0M | CN¥126.3M | CN¥130.7M | CN¥119.3M | CN¥120.5M | CN¥127.6M | CN¥132.6M |
| Sales, general & admin | CN¥587.2M | CN¥606.3M | CN¥636.9M | CN¥652.6M | CN¥716.6M | CN¥636.6M | CN¥644.1M | CN¥677.0M | CN¥575.2M | CN¥531.5M | CN¥606.6M | CN¥628.8M |
| Total operating expenses | CN¥2.07B | CN¥1.91B | CN¥1.67B | CN¥2.00B | CN¥2.09B | CN¥1.98B | CN¥1.94B | CN¥2.11B | CN¥1.78B | CN¥2.00B | CN¥2.15B | CN¥2.12B |
| Operating income | CN¥571.4M | CN¥526.5M | CN¥476.0M | CN¥731.9M | CN¥815.5M | CN¥883.2M | CN¥787.9M | CN¥560.2M | CN¥558.5M | CN¥628.4M | CN¥512.8M | CN¥553.4M |
| Interest expense | — | CN¥17.1M | — | — | — | CN¥652,000 | — | — | — | — | — | — |
| Income before taxes | CN¥541.6M | CN¥511.1M | CN¥496.5M | CN¥776.5M | CN¥930.0M | CN¥891.6M | CN¥813.9M | CN¥745.7M | CN¥626.2M | CN¥659.5M | CN¥580.4M | CN¥677.8M |
| Income taxes | CN¥116.0M | CN¥92.6M | CN¥86.7M | CN¥135.7M | CN¥178.7M | CN¥153.9M | CN¥133.1M | CN¥121.7M | CN¥75.2M | CN¥127.5M | CN¥51.6M | CN¥103.1M |
| Net income | CN¥440.3M | CN¥412.6M | CN¥418.9M | CN¥624.3M | CN¥747.0M | CN¥746.4M | CN¥680.7M | CN¥623.6M | CN¥551.1M | CN¥527.7M | CN¥524.6M | CN¥566.0M |
| EBITDA | CN¥541.6M | CN¥529.1M | CN¥496.5M | CN¥732.2M | CN¥865.9M | CN¥906.0M | CN¥872.9M | CN¥560.2M | CN¥558.5M | CN¥647.6M | CN¥574.6M | CN¥553.4M |
| Gross margin | 77.9% | 76.3% | 72.0% | 78.3% | 81.1% | 82.2% | 78.9% | 81.6% | 73.8% | 83.0% | 81.2% | 83.7% |
| Operating margin | 16.8% | 16.5% | 16.0% | 21.0% | 22.8% | 25.4% | 22.8% | 17.1% | 17.6% | 19.9% | 15.6% | 17.3% |
| Net margin | 13.0% | 12.9% | 14.0% | 17.9% | 20.9% | 21.4% | 19.7% | 19.0% | 17.4% | 16.7% | 16.0% | 17.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in Chinese yuan as reported in FINV's financial statements (latest annual report filed April 29, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
FINV financial results
In fiscal year 2025 (ended December 31, 2025), FinVolution reported revenue of CN¥13.2 billion, up 1.0% from the year before. It had net income of CN¥2.5 billion (up 3.8%), a net profit margin of 18.7%. Over five years revenue grew at an average rate of 11.8% a year. Figures are in Chinese yuan, the currency of its financial statements.
See the FINV stock overview for the latest quote and news, or the FINV chart for price history and technical indicators.
FINV income statement FAQ
What is FinVolution's annual revenue?
FinVolution reported total revenue of CN¥13.2 billion for fiscal year 2025, which ended on December 31, 2025. That was up 1.0% from CN¥13.1 billion the previous year.
Is FinVolution profitable?
Yes. FinVolution reported net income of CN¥2.5 billion in fiscal 2025, a net profit margin of 18.7%; its operating margin was 21.8%.
What is FinVolution's gross margin?
FinVolution's gross margin was 78.6% in fiscal 2025: for every $100 of revenue, FinVolution kept $79 after the direct cost of its products and services.
How much does FinVolution spend on research and development?
FinVolution spent CN¥536.6 million on research and development in fiscal 2025, 4.1% of revenue.
How fast is FinVolution growing?
Revenue grew 11.8% a year on average over the last five fiscal years, from CN¥7.6 billion to CN¥13.2 billion.
When will FinVolution report its next earnings?
FinVolution is expected to report results for the quarter ending September 30, 2026 on November 18, 2026 after the market closes.
When does FinVolution's fiscal year end?
FinVolution's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on April 29, 2026.