360 DigiTech, Inc. (QFIN) Income Statement
QFIN 2025 at a glance
Fiscal year ended December 31, 2025 · Chinese yuanQFIN revenue and net income
Where QFIN's revenue goes
2025Each bar shows an amount and its share of revenue. QFIN kept 37.2% of revenue as net income.
QFIN profit margins
QFIN growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −6.3% | −1.0% | +3.5% | — |
| Gross profit | +12.2% | +0.6% | +2.8% | — |
| Operating income | −2.0% | +18.2% | +14.2% | — |
| Net income | −4.4% | +14.2% | +11.4% | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
QFIN income statement in Chinese yuan
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥16.08B | CN¥17.17B | CN¥16.29B | CN¥16.55B | CN¥16.64B | CN¥13.56B | CN¥7.17B | CN¥3.72B | CN¥654.3M | CN¥4.0M |
| Cost of revenue | CN¥4.18B | CN¥6.56B | CN¥5.84B | CN¥4.86B | CN¥3.80B | CN¥3.21B | CN¥925.2M | CN¥253.8M | CN¥64.3M | CN¥31.6M |
| Gross profit | CN¥11.90B | CN¥10.60B | CN¥10.45B | CN¥11.70B | CN¥12.84B | CN¥10.36B | CN¥6.25B | CN¥3.47B | CN¥590.0M | −CN¥27.6M |
| Research & development | — | — | — | — | — | — | CN¥0 | CN¥0 | CN¥0 | CN¥0 |
| Sales, general & admin | CN¥3.13B | CN¥2.18B | CN¥2.36B | CN¥2.62B | CN¥2.65B | CN¥1.54B | CN¥3.28B | CN¥560.7M | CN¥45.9M | CN¥40.8M |
| Total operating expenses | CN¥4.53B | CN¥3.08B | CN¥5.59B | CN¥7.23B | CN¥6.05B | CN¥6.57B | CN¥3.28B | CN¥1.81B | CN¥377.0M | CN¥41.1M |
| Operating income | CN¥7.38B | CN¥7.53B | CN¥4.86B | CN¥4.47B | CN¥6.79B | CN¥3.79B | CN¥2.97B | CN¥1.66B | CN¥213.0M | −CN¥68.7M |
| Interest income | CN¥8.85B | CN¥6.87B | CN¥4.85B | CN¥3.67B | CN¥2.31B | CN¥2.26B | CN¥1.31B | CN¥277.9M | CN¥53.4M | CN¥3,000 |
| Interest expense | — | — | — | CN¥77.2M | CN¥10.0M | CN¥41.7M | CN¥41.7M | CN¥71.6M | CN¥14.4M | CN¥0 |
| Income before taxes | CN¥7.38B | CN¥7.89B | CN¥5.28B | CN¥4.74B | CN¥7.02B | CN¥4.08B | CN¥2.97B | CN¥1.66B | CN¥213.0M | −CN¥68.7M |
| Income taxes | CN¥1.40B | CN¥1.64B | CN¥1.01B | CN¥736.8M | CN¥1.26B | CN¥586.0M | CN¥466.0M | CN¥466.4M | CN¥48.2M | −CN¥19.0M |
| Net income | CN¥5.99B | CN¥6.26B | CN¥4.29B | CN¥4.02B | CN¥5.78B | CN¥3.50B | CN¥2.50B | CN¥1.19B | CN¥164.9M | −CN¥49.7M |
| EBITDA | CN¥7.44B | CN¥8.08B | CN¥7.98B | CN¥8.92B | CN¥9.93B | CN¥8.62B | CN¥2.97B | CN¥1.66B | CN¥214.3M | −CN¥68.3M |
| Gross margin | 74.0% | 61.8% | 64.1% | 70.7% | 77.2% | 76.4% | 87.1% | 93.2% | 90.2% | −694.8% |
| Operating margin | 45.9% | 43.9% | 29.8% | 27.0% | 40.8% | 27.9% | 41.4% | 44.6% | 32.6% | −1,727.6% |
| Net margin | 37.2% | 36.5% | 26.3% | 24.3% | 34.8% | 25.8% | 34.9% | 32.0% | 25.2% | −1,249.5% |
| 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¥3.56B | CN¥3.91B | CN¥3.41B | CN¥5.21B | CN¥4.33B | CN¥4.06B | CN¥4.48B | CN¥4.37B | CN¥4.16B | CN¥4.15B | CN¥3.89B | CN¥4.28B |
| Cost of revenue | CN¥802.8M | CN¥2.19B | CN¥1.50B | CN¥1.82B | CN¥920.4M | CN¥891.6M | CN¥1.52B | CN¥1.40B | CN¥1.80B | CN¥1.84B | CN¥1.68B | CN¥1.40B |
| Gross profit | CN¥2.75B | CN¥1.72B | CN¥1.91B | CN¥3.38B | CN¥3.41B | CN¥3.17B | CN¥2.96B | CN¥2.97B | CN¥2.36B | CN¥2.31B | CN¥2.21B | CN¥2.89B |
| Sales, general & admin | CN¥533.5M | CN¥614.6M | CN¥693.4M | CN¥808.6M | CN¥838.6M | CN¥788.0M | CN¥680.0M | CN¥511.9M | CN¥95.1M | CN¥522.0M | CN¥659.6M | CN¥625.0M |
| Total operating expenses | CN¥1.62B | CN¥614.6M | CN¥760.9M | CN¥1.68B | CN¥1.24B | CN¥947.3M | CN¥1.07B | CN¥684.3M | CN¥371.9M | CN¥950.2M | CN¥1.53B | CN¥1.50B |
| Operating income | CN¥1.14B | CN¥1.11B | CN¥1.15B | CN¥1.70B | CN¥2.17B | CN¥2.22B | CN¥1.89B | CN¥2.29B | CN¥1.98B | CN¥1.36B | CN¥2.06B | CN¥1.39B |
| Interest income | CN¥1.87B | CN¥2.06B | CN¥2.26B | CN¥2.42B | CN¥2.28B | CN¥1.88B | CN¥1.74B | CN¥1.81B | CN¥1.74B | CN¥1.59B | CN¥1.53B | CN¥1.42B |
| Interest expense | — | CN¥128.3M | — | — | — | — | — | — | — | — | — | — |
| Income before taxes | CN¥1.09B | CN¥1.14B | CN¥1.15B | CN¥1.83B | CN¥2.17B | CN¥2.22B | CN¥1.93B | CN¥2.36B | CN¥2.08B | CN¥1.53B | CN¥1.33B | CN¥1.48B |
| Income taxes | CN¥689.2M | CN¥260.7M | CN¥136.5M | CN¥398.8M | CN¥441.5M | CN¥423.6M | CN¥20.0M | CN¥558.1M | CN¥700.1M | CN¥366.1M | CN¥223.2M | CN¥340.4M |
| Net income | CN¥404.8M | CN¥879.8M | CN¥1.02B | CN¥1.44B | CN¥1.73B | CN¥1.80B | CN¥1.92B | CN¥1.80B | CN¥1.38B | CN¥1.16B | CN¥1.11B | CN¥1.14B |
| EBITDA | CN¥1.09B | CN¥945.5M | CN¥1.15B | CN¥2.49B | CN¥2.17B | CN¥2.22B | CN¥2.28B | CN¥2.38B | CN¥1.79B | CN¥1.70B | CN¥2.08B | CN¥2.24B |
| Gross margin | 77.4% | 44.0% | 56.1% | 65.0% | 78.7% | 78.0% | 66.0% | 68.0% | 56.7% | 55.7% | 56.8% | 67.4% |
| Operating margin | 32.0% | 28.3% | 33.8% | 32.7% | 50.2% | 54.7% | 42.2% | 52.4% | 47.7% | 32.8% | 53.0% | 32.4% |
| Net margin | 11.4% | 22.5% | 29.9% | 27.6% | 40.1% | 44.3% | 42.8% | 41.3% | 33.2% | 28.0% | 28.6% | 26.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in Chinese yuan as reported in QFIN's financial statements (latest annual report filed April 27, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
QFIN financial results
In fiscal year 2025 (ended December 31, 2025), 360 DigiTech reported revenue of CN¥16.1 billion, down 6.3% from the year before. It had net income of CN¥6.0 billion (down 4.4%), a net profit margin of 37.2%. Over five years revenue grew at an average rate of 3.5% a year. Figures are in Chinese yuan, the currency of its financial statements.
See the QFIN stock overview for the latest quote and news, or the QFIN chart for price history and technical indicators.
QFIN income statement FAQ
What is 360 DigiTech's annual revenue?
360 DigiTech reported total revenue of CN¥16.1 billion for fiscal year 2025, which ended on December 31, 2025. That was down 6.3% from CN¥17.2 billion the previous year.
Is 360 DigiTech profitable?
Yes. 360 DigiTech reported net income of CN¥6.0 billion in fiscal 2025, a net profit margin of 37.2%; its operating margin was 45.9%.
What is 360 DigiTech's gross margin?
360 DigiTech's gross margin was 74.0% in fiscal 2025: for every $100 of revenue, 360 DigiTech kept $74 after the direct cost of its products and services.
How fast is 360 DigiTech growing?
Revenue grew 3.5% a year on average over the last five fiscal years, from CN¥13.6 billion to CN¥16.1 billion.
When will 360 DigiTech report its next earnings?
360 DigiTech is expected to report results for the quarter ending September 30, 2026 on November 17, 2026 after the market closes.
When does 360 DigiTech's fiscal year end?
360 DigiTech's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on April 27, 2026.