LexinFintech Holdings Ltd. (LX) Income Statement
LX 2025 at a glance
Fiscal year ended December 31, 2025 · Chinese yuanLX revenue and net income
Where LX's revenue goes
2025Each bar shows an amount and its share of revenue. LX kept 12.8% of revenue as net income.
LX profit margins
LX growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −9.9% | +9.0% | +1.9% | +17.6% |
| Gross profit | +83.9% | +45.0% | +20.5% | — |
| Operating income | −1.0% | +89.2% | +9.6% | — |
| Net income | +48.2% | +25.8% | +22.4% | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
LX income statement in Chinese yuan
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥12.79B | CN¥14.20B | CN¥13.06B | CN¥9.87B | CN¥11.38B | CN¥11.65B | CN¥10.60B | CN¥7.60B | CN¥5.58B | CN¥4.34B |
| Cost of revenue | CN¥3.55B | CN¥9.18B | CN¥8.54B | CN¥6.83B | CN¥5.63B | CN¥8.01B | CN¥5.61B | CN¥4.58B | CN¥4.26B | CN¥3.74B |
| Gross profit | CN¥9.24B | CN¥5.03B | CN¥4.51B | CN¥3.03B | CN¥5.75B | CN¥3.63B | CN¥4.99B | CN¥3.01B | CN¥1.32B | CN¥602.0M |
| Research & development | CN¥595.3M | CN¥578.2M | CN¥513.3M | CN¥583.3M | CN¥549.3M | CN¥474.3M | CN¥416.0M | CN¥320.2M | CN¥235.3M | CN¥127.3M |
| Sales, general & admin | CN¥2.28B | CN¥2.16B | CN¥2.12B | CN¥2.12B | CN¥2.13B | CN¥1.73B | CN¥1.95B | CN¥869.8M | CN¥609.1M | CN¥463.7M |
| Total operating expenses | CN¥6.98B | CN¥2.74B | CN¥2.63B | CN¥2.70B | CN¥2.68B | CN¥2.20B | CN¥2.37B | CN¥1.19B | CN¥844.4M | CN¥591.0M |
| Operating income | CN¥2.26B | CN¥2.29B | CN¥1.88B | CN¥334.4M | CN¥3.07B | CN¥1.43B | CN¥2.63B | CN¥1.82B | CN¥475.7M | CN¥11.0M |
| Interest income | — | — | — | — | — | — | CN¥199.3M | CN¥192.7M | CN¥28.2M | CN¥54.3M |
| Interest expense | CN¥244.8M | CN¥9.0M | CN¥50.5M | CN¥55.6M | CN¥63.1M | CN¥77.5M | CN¥39.2M | CN¥23.1M | CN¥75.5M | CN¥48.3M |
| Income before taxes | CN¥2.02B | CN¥1.35B | CN¥1.33B | CN¥1.03B | CN¥2.77B | CN¥685.6M | CN¥2.71B | CN¥2.11B | CN¥474.6M | −CN¥59.7M |
| Income taxes | CN¥387.7M | CN¥253.3M | CN¥260.8M | CN¥202.6M | CN¥435.4M | CN¥90.6M | CN¥412.0M | CN¥132.2M | CN¥234.2M | CN¥58.3M |
| Net income | CN¥1.63B | CN¥1.10B | CN¥1.07B | CN¥819.8M | CN¥2.33B | CN¥595.0M | CN¥2.29B | CN¥1.98B | CN¥240.4M | −CN¥117.9M |
| EBITDA | CN¥2.37B | CN¥1.47B | CN¥1.52B | CN¥1.23B | CN¥2.98B | CN¥870.4M | CN¥2.83B | CN¥2.16B | CN¥494.5M | CN¥15.6M |
| Gross margin | 72.3% | 35.4% | 34.6% | 30.8% | 50.5% | 31.2% | 47.1% | 39.6% | 23.6% | 13.9% |
| Operating margin | 17.7% | 16.1% | 14.4% | 3.4% | 27.0% | 12.3% | 24.8% | 24.0% | 8.5% | 0.3% |
| Net margin | 12.8% | 7.7% | 8.2% | 8.3% | 20.5% | 5.1% | 21.6% | 26.0% | 4.3% | −2.7% |
| 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¥3.21B | CN¥3.33B | CN¥3.00B | CN¥3.42B | CN¥3.59B | CN¥3.10B | CN¥3.66B | CN¥3.66B | CN¥3.64B | CN¥3.24B | CN¥3.51B | CN¥3.51B |
| Cost of revenue | CN¥1.03B | CN¥976.6M | CN¥868.4M | CN¥2.22B | CN¥2.31B | CN¥1.89B | CN¥2.23B | CN¥2.45B | CN¥2.29B | CN¥2.05B | CN¥2.05B | CN¥2.15B |
| Gross profit | CN¥2.18B | CN¥2.35B | CN¥2.13B | CN¥1.19B | CN¥1.27B | CN¥1.22B | CN¥1.43B | CN¥1.21B | CN¥1.35B | CN¥1.20B | CN¥1.46B | CN¥1.36B |
| Research & development | CN¥146.7M | CN¥148.3M | CN¥131.9M | CN¥150.1M | CN¥157.7M | CN¥155.6M | CN¥151.1M | CN¥148.9M | CN¥143.2M | CN¥135.0M | CN¥135.8M | CN¥126.6M |
| Sales, general & admin | CN¥454.3M | CN¥609.5M | CN¥458.1M | CN¥565.7M | CN¥663.0M | CN¥593.9M | CN¥559.6M | CN¥526.9M | CN¥567.9M | CN¥507.4M | CN¥537.9M | CN¥496.2M |
| Total operating expenses | CN¥1.99B | CN¥2.02B | CN¥1.83B | CN¥715.8M | CN¥820.7M | CN¥749.5M | CN¥710.7M | CN¥675.9M | CN¥711.1M | CN¥642.4M | CN¥1.45B | CN¥622.8M |
| Operating income | CN¥185.2M | CN¥328.4M | CN¥304.0M | CN¥477.2M | CN¥452.0M | CN¥469.4M | CN¥717.3M | CN¥531.5M | CN¥637.0M | CN¥554.4M | CN¥584.4M | CN¥733.6M |
| Interest expense | CN¥30.8M | CN¥60.6M | CN¥41.6M | CN¥5.4M | CN¥4.6M | CN¥4.7M | CN¥2.6M | CN¥4.5M | CN¥2.0M | CN¥3.9M | CN¥10.2M | CN¥14.4M |
| Income before taxes | CN¥154.3M | CN¥267.8M | CN¥262.3M | CN¥646.8M | CN¥631.3M | CN¥531.5M | CN¥430.4M | CN¥381.7M | CN¥286.6M | CN¥255.0M | CN¥2.4M | CN¥486.1M |
| Income taxes | CN¥53.3M | CN¥67.6M | CN¥51.2M | CN¥125.5M | CN¥119.9M | CN¥101.1M | CN¥67.6M | CN¥72.2M | CN¥60.0M | CN¥53.4M | CN¥9.7M | CN¥115.5M |
| Net income | CN¥101.0M | CN¥200.2M | CN¥211.1M | CN¥521.3M | CN¥511.4M | CN¥430.3M | CN¥362.7M | CN¥309.6M | CN¥226.5M | CN¥201.6M | CN¥12.1M | CN¥370.6M |
| EBITDA | CN¥185.2M | CN¥328.4M | CN¥304.0M | CN¥652.2M | CN¥452.0M | CN¥536.2M | CN¥589.7M | CN¥386.3M | CN¥637.0M | CN¥258.9M | CN¥608.1M | CN¥500.5M |
| Gross margin | 67.9% | 70.6% | 71.1% | 34.9% | 35.5% | 39.3% | 39.0% | 33.0% | 37.0% | 36.9% | 41.6% | 38.7% |
| Operating margin | 5.8% | 9.9% | 10.1% | 14.0% | 12.6% | 15.1% | 19.6% | 14.5% | 17.5% | 17.1% | 16.7% | 20.9% |
| Net margin | 3.2% | 6.0% | 7.0% | 15.3% | 14.3% | 13.9% | 9.9% | 8.5% | 6.2% | 6.2% | 0.3% | 10.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in Chinese yuan as reported in LX's financial statements (latest annual report filed April 29, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
LX financial results
In fiscal year 2025 (ended December 31, 2025), LexinFintech reported revenue of CN¥12.8 billion, down 9.9% from the year before. It had net income of CN¥1.6 billion (up 48.2%), a net profit margin of 12.8%. Over five years revenue grew at an average rate of 1.9% a year. Figures are in Chinese yuan, the currency of its financial statements.
See the LX stock overview for the latest quote and news, or the LX chart for price history and technical indicators.
LX income statement FAQ
What is LexinFintech's annual revenue?
LexinFintech reported total revenue of CN¥12.8 billion for fiscal year 2025, which ended on December 31, 2025. That was down 9.9% from CN¥14.2 billion the previous year.
Is LexinFintech profitable?
Yes. LexinFintech reported net income of CN¥1.6 billion in fiscal 2025, a net profit margin of 12.8%; its operating margin was 17.7%.
What is LexinFintech's gross margin?
LexinFintech's gross margin was 72.3% in fiscal 2025: for every $100 of revenue, LexinFintech kept $72 after the direct cost of its products and services.
How much does LexinFintech spend on research and development?
LexinFintech spent CN¥595.3 million on research and development in fiscal 2025, 4.7% of revenue.
How fast is LexinFintech growing?
Revenue grew 1.9% a year on average over the last five fiscal years, from CN¥11.6 billion to CN¥12.8 billion.
When will LexinFintech report its next earnings?
LexinFintech is expected to report results for the quarter ending September 30, 2026 on November 23, 2026.
When does LexinFintech's fiscal year end?
LexinFintech's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on April 29, 2026.