| « Back |
 View printer-friendly version |
 |
Mr.
Despite the complex macro environment in the fourth quarter, we concluded 2025 with robust full-year results. For the full year of 2025, net profit stood at
Going forward, we believe that the market will continue to consolidate toward leading, compliant platforms with prudent risk management. Leveraging our unique business ecosystem, we are well-positioned to capture potential opportunities as the industry enters this new stage of high-quality development.
We also remain deeply committed to enhancing shareholder returns. In accordance with our dividend policy, our board of directors has approved a dividend of
Mr.
Looking ahead to 2026, as the industry enters a new phase of normalization, we will leverage our unique business ecosystem and comprehensive product matrix to continue executing our disciplined strategy, and deliver sustainable, long-term returns to our shareholders.”
Fourth Quarter and Full Year 2025 Operational Highlights:
User Base
- Total number of registered users across our platform reached 245 million as of
December 31, 2025 , representing an increase of 7.6% from 228 million as ofDecember 31, 2024 . - Number of active users1 in the fourth quarter of 2025 was 4.5 million, representing a decrease of 3.8% from 4.7 million in the fourth quarter of 2024. Number of active users1 in 2025 was 8.2 million, representing an increase of 0.3% from 8.2 million in 2024.
- Number of cumulative borrowers with successful drawdown was 36.7 million as of
December 31, 2025 , an increase of 8.9% from 33.8 million as ofDecember 31, 2024 .
Loan Facilitation Business
- As of
December 31, 2025 , we cumulatively originatedRMB1,530.5 billion in loans, an increase of 15.5% fromRMB1,325.1 billion as ofDecember 31, 2024 .
- Total loan originations2 in the fourth quarter of 2025 was
RMB50.0 billion , a decrease of 3.8% fromRMB52.0 billion in the fourth quarter of 2024. Total loan originations2 in 2025 wasRMB205 billion , a decrease of 3.2% fromRMB212 billion in 2024. - Total outstanding principal balance of loans3 was
RMB96.6 billion as ofDecember 31, 2025 , representing a decrease of 12.4% fromRMB110 billion as ofDecember 31, 2024 .
Credit Performance4
- 90 day+ delinquency ratio5 was 3.1% as of
December 31, 2025 , as compared with 3.0% as ofSeptember 30, 2025 . - First payment default rate (30 day+) for new loan originations was below 1% as of
December 31, 2025 .
Installment E-commerce Platform Service
- GMV6 in the fourth quarter of 2025 for our installment e-commerce platform service was
RMB2,154 million , representing an increase of 122% fromRMB969 million in the fourth quarter of 2024. GMV6 in 2025 for our installment e-commerce platform service wasRMB7,622 million , representing an increase of 110% fromRMB3,633 million in 2024. - In the fourth quarter of 2025, our installment e-commerce platform service served over 480,000 users.
Other Operational Highlights
- The weighted average tenor of loans originated in the fourth quarter of 2025 was approximately 11.9 months, as compared with 13.1 months in the fourth quarter of 2024. The weighted average tenor of loans originated on our platform in 2025 was approximately 12.9 months, as compared with 12.9 months in 2024.
- Repeated borrowers’ contribution7 of loans across our platform for the fourth quarter of 2025 was 88.3%. Repeated borrowers’ contribution7 of loans across our platform for 2025 was 86.4%.
Fourth Quarter 2025 Financial Highlights:
- Total operating revenue was
RMB3,043 million , representing a decrease of 16.8% from the fourth quarter of 2024. - Credit facilitation service income was
RMB2,485 million , representing a decrease of 8.4% from the fourth quarter of 2024. Tech-empowerment service income wasRMB170 million , representing a decrease of 71.7% from the fourth quarter of 2024. Installment e-commerce platform service income wasRMB388 million , representing an increase of 12.5% from the fourth quarter of 2024. - Net income attributable to ordinary shareholders of the Company was
RMB214 million , representing a decrease of 41.0% from the fourth quarter of 2024. Net income per ADS attributable to ordinary shareholders of the Company wasRMB1.24 on a fully diluted basis. - Adjusted net income attributable to ordinary shareholders of the Company8 was
RMB239 million , representing a decrease of 38.9% from the fourth quarter of 2024. Adjusted net income per ADS attributable to ordinary shareholders of the Company8 wasRMB1.38 on a fully diluted basis.
Full Year 2025 Financial Highlights:
- Total operating revenue was
RMB13,152 million , representing a decrease of 7.4% from 2024. - Credit facilitation service income was
RMB9,562 million , representing a decrease of 13.1% from 2024. Tech-empowerment service income wasRMB2,081 million , representing an increase of 10.6% from 2024. Installment e-commerce platform service income wasRMB1,509 million , representing an increase of 14.1% from 2024. - Net income attributable to ordinary shareholders of the Company was
RMB1,677 million , representing an increase of 52.4% from 2024. Net income per ADS attributable to ordinary shareholders of the Company wasRMB9.45 on a fully diluted basis. - Adjusted net income attributable to ordinary shareholders of the Company8 was
RMB1,795 million , representing an increase of 49.2% from 2024. Adjusted net income per ADS attributable to ordinary shareholders of the Company8 wasRMB10.11 on a fully diluted basis.
__________________________
- Active users refer to, for a specified period, users who made at least one transaction during that period through our platform or through our third-party partners’ platforms using the credit line granted by us.
- Total loan originations refer to the total principal amount of loans originated during the given period through our platform or through our third-party partners' platforms.
- Total outstanding principal balance of loans refers to the total amount of principal outstanding for loans facilitated and originated at the end of each period, including loans guaranteed by our financial guarantee companies and the loans facilitated across third party platforms that we bear principal risk and excluding loans delinquent for more than 180 days that are charged-off.
- Loans under Intelligent Credit Platform are excluded from the calculation of credit performance. Intelligent Credit Platform (ICP) is an intelligent platform on our “Fenqile” app, under which we match borrowers and financial institutions through big data and cloud computing technology. For loans facilitated through ICP, the Company does not bear principal risk.
- “90 day+ delinquency rate” refers to the outstanding principal balance of on- and off-balance sheet loans that were 91 to 180 calendar days past due as a percentage of the total outstanding principal balance of on- and off-balance sheet loans across our platform and those loans across third party platforms that we bear principle risk as of a specific date. Loans that are charged-off and loans under “ICP”, E-commerce business and overseas are not included in the delinquency rate calculation.
- GMV refers to the total value of transactions completed for products purchased on our e-commerce and Maiya channel, net of returns.
- Repeated borrowers’ contribution for a given period refers to the principal amount of loans borrowed during that period by borrowers who had previously made at least one successful drawdown as a percentage of the total loan facilitation and origination volume through our platform during that period.
- Adjusted net income attributable to ordinary shareholders of the Company, adjusted net income per ordinary share and per ADS attributable to ordinary shareholders of the Company are non-GAAP financial measures. For more information on non-GAAP financial measures, please see the section of “Use of Non-GAAP Financial Measures Statement” and the tables captioned “Unaudited Reconciliations of GAAP and Non-GAAP Results” set forth at the end of this press release.
Fourth Quarter 2025 Financial Results:
Operating revenue was
Credit facilitation service income was
Loan facilitation and servicing fees-credit oriented was
Guarantee income was
Financing income was
Tech-empowerment service income was
Installment e-commerce platform service income was
Cost of sales consisted of cost of inventory sold and other costs. Cost of sales was
Funding cost was
Processing and servicing costs was
Provision for financing receivables was
Provision for contract assets and receivables was
Provision for contingent guarantee liabilities was
Gross profit was
Sales and marketing expenses was
Research and development expenses was
General and administrative expenses was
Change in fair value of financial guarantee derivatives and loans at fair value was a gain of
Income tax expense was
Net income was
Full Year 2025 Financial Results:
Operating revenue was
Credit facilitation service income was
Loan facilitation and servicing fees-credit oriented was
Guarantee income was
Financing income was
Tech-empowerment service income was
Installment e-commerce platform service income was
Cost of sales consisted of cost of inventory sold and other costs. Cost of sales was
Funding cost was
Processing and servicing costs was
Provision for financing receivables was
Provision for contract assets and receivables was
Provision for contingent guarantee liabilities was
Gross profit was
Sales and marketing expenses was
Research and development expenses was
General and administrative expenses was
Change in fair value of financial guarantee derivatives and loans at fair value was a gain of
Income tax expense was
Net income was
Semi-Annual Dividend
The board of directors of the Company has approved a dividend of
Update of Share Repurchase Program
Pursuant to the Company’s share repurchase program of up to
In addition, Mr.
Business Outlook
Looking ahead, while our risk metrics continue to improve, we remain prudent in light of ongoing macroeconomic uncertainties and expect total loan origination for the first quarter of 2026 to remain flat.
This forecast reflects our current preliminary views, which are subject to the impact of macroeconomic factors. The Company may adjust its performance outlook as appropriate based on evolving circumstances.
Conference Call
The Company’s management will host an earnings conference call at 7:00 AM U.S. Eastern time on March 19, 2026 (7:00 PM Beijing/Hong Kong time on March 19, 2026).
Participants who wish to join the conference call should register online at:
https://register-conf.media-server.com/register/BIa035db521c9d4308ac218dd480679390
Once registration is completed, each participant will receive the dial-in number and a unique access PIN for the conference call.
Participants joining the conference call should dial in at least 10 minutes before the scheduled start time.
A live and archived webcast of the conference call will also be available at the Company's investor relations website at http://ir.lexin.com.
About
We are a leading credit technology-empowered personal financial service enabler. Our mission is to use technology and risk management expertise to make financing more accessible for young generation consumers. We strive to achieve this mission by connecting consumers with financial institutions, where we facilitate through a unique model that includes online and offline channels, installment consumption platform, big data and AI driven credit risk management capabilities, as well as smart user and loan management systems. We also empower financial institutions by providing cutting-edge proprietary technology solutions to meet their needs of financial digital transformation.
For more information, please visit http://ir.lexin.com.
To follow us on Twitter, please go to: https://twitter.com/LexinFintech.
Use of Non-GAAP Financial Measures Statement
In evaluating our business, we consider and use adjusted net income attributable to ordinary shareholders of the Company, non-GAAP EBIT, adjusted net income per ordinary share and per ADS attributable to ordinary shareholders of the Company, four non-GAAP measures, as supplemental measures to review and assess our operating performance. The presentation of the non-GAAP financial measures is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with
We present these non-GAAP financial measures because they are used by our management to evaluate our operating performance and formulate business plans. Adjusted net income attributable to ordinary shareholders of the Company enables our management to assess our operating results without considering the impact of share-based compensation expenses, interest expense associated with convertible notes, and investment income/(loss). Non-GAAP EBIT, on the other hand, enables our management to assess our operating results without considering the impact of income tax expense, share-based compensation expenses, interest expense, net, and investment income/(loss). We also believe that the use of these non-GAAP financial measures facilitates investors’ assessment of our operating performance. These non-GAAP financial measures are not defined under
These non-GAAP financial measures have limitations as an analytical tool. One of the key limitations of using adjusted net income attributable to ordinary shareholders of the Company and non-GAAP EBIT is that they do not reflect all items of income and expense that affect our operations. Share-based compensation expenses, interest expense associated with convertible notes, income tax expense, interest expense, net, and investment income/(loss) have been and may continue to be incurred in our business and are not reflected in the presentation of adjusted net income attributable to ordinary shareholders of the Company and non-GAAP EBIT. Further, these non-GAAP financial measures may differ from the non-GAAP financial information used by other companies, including peer companies, and therefore their comparability may be limited.
We compensate for these limitations by reconciling each of the non-GAAP financial measures to the most directly comparable
Exchange Rate Information Statement
This announcement contains translations of certain RMB amounts into
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the
For investor and media inquiries, please contact:
IR inquiries:
Tel: +86 (755) 3637-8888 ext. 6258
E-mail: willtan@lexin.com
Media inquiries:
Tel: +86 (755) 3637-8888 ext. 6993
E-mail: media@lexin.com
SOURCE
Unaudited Condensed Consolidated Balance Sheets |
||||||
| As of | ||||||
| (In thousands) | ||||||
| RMB | RMB | US$ | ||||
| ASSETS | ||||||
| Current Assets | ||||||
| Cash and cash equivalents | 2,254,213 | 2,156,133 | 308,323 | |||
| Restricted cash | 1,638,479 | 1,717,773 | 245,638 | |||
| Restricted term deposit and short-term investments | 138,497 | 78,458 | 11,219 | |||
| Short-term financing receivables, net(1) | 4,668,715 | 5,450,418 | 779,399 | |||
| Short-term contract assets and receivables, net(1) | 5,448,057 | 3,763,096 | 538,116 | |||
| Deposits to insurance companies and guarantee companies | 2,355,343 | 2,187,609 | 312,824 | |||
| Prepayments and other current assets | 1,321,340 | 2,858,054 | 408,696 | |||
| Amounts due from related parties | 61,722 | 84,531 | 12,088 | |||
| Inventories, net | 22,345 | 24,119 | 3,449 | |||
| Total Current Assets | 17,908,711 | 18,320,191 | 2,619,752 | |||
| Non-current Assets | ||||||
| Restricted cash | 100,860 | 91,937 | 13,147 | |||
| Long-term financing receivables, net(1) | 112,427 | 167,378 | 23,935 | |||
| Long-term contract assets and receivables, net(1) | 317,402 | 317,496 | 45,401 | |||
| Property, equipment and software, net | 613,110 | 895,046 | 127,990 | |||
| Land use rights, net | 862,867 | 828,467 | 118,469 | |||
| Long-term investments | 284,197 | 243,971 | 34,887 | |||
| Deferred tax assets | 1,540,842 | 1,763,235 | 252,139 | |||
| Other assets | 500,363 | 535,242 | 76,539 | |||
| Total Non-current Assets | 4,332,068 | 4,842,772 | 692,507 | |||
| TOTAL ASSETS | 22,240,779 | 23,162,963 | 3,312,259 | |||
| LIABILITIES | ||||||
| Current liabilities | ||||||
| Accounts payable | 74,443 | 101,178 | 14,468 | |||
| Amounts due to related parties | 10,927 | 8,708 | 1,245 | |||
| Short-term borrowings and current portion of long-term borrowings | 690,772 | 905,791 | 129,526 | |||
| Short-term funding debts | 2,754,454 | 2,440,685 | 349,013 | |||
| Deferred guarantee income | 975,102 | 1,305,911 | 186,743 | |||
| Contingent guarantee liabilities | 1,079,000 | 544,191 | 77,818 | |||
| Accruals and other current liabilities | 4,019,676 | 4,371,484 | 625,110 | |||
| Total Current Liabilities | 9,604,374 | 9,677,948 | 1,383,923 | |||
| Non-current Liabilities | ||||||
| Long-term borrowings | 585,024 | 566,015 | 80,939 | |||
| Long-term funding debts | 1,197,211 | 850,590 | 121,633 | |||
| Deferred tax liabilities | 91,380 | 105,212 | 15,045 | |||
| Other long-term liabilities | 22,784 | 10,567 | 1,511 | |||
| Total Non-current Liabilities | 1,896,399 | 1,532,384 | 219,128 | |||
| TOTAL LIABILITIES | 11,500,773 | 11,210,332 | 1,603,051 | |||
| Shareholders’ equity: | ||||||
| Class A Ordinary Shares | 205 | 209 | 32 | |||
| Class B Ordinary Shares | 41 | 41 | 7 | |||
| (328,764 | ) | (493,846 | ) | (70,619 | ) | |
| Additional paid-in capital | 3,314,866 | 3,396,667 | 485,717 | |||
| Statutory reserves | 1,178,309 | 1,260,923 | 180,310 | |||
| Accumulated other comprehensive income | (29,559 | ) | (27,597 | ) | (3,946 | ) |
| Retained earnings | 6,604,908 | 7,816,234 | 1,117,707 | |||
| Total shareholders’ equity | 10,740,006 | 11,952,631 | 1,709,208 | |||
| TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY | 22,240,779 | 23,162,963 | 3,312,259 | |||
| ___ | _________________________________ |
| (1) | Short-term financing receivables, net of allowance for credit losses of Short-term contract assets and receivables, net of allowance for credit losses of Long-term financing receivables, net of allowance for credit losses of Long-term contract assets and receivables, net of allowance for credit losses of |
Unaudited Condensed Consolidated Statements of Operations |
|||||||||||||
| For the Three Months Ended |
For the Year Ended |
||||||||||||
| (In thousands, except for share and per share data) | 2024 | 2025 | 2024 | 2025 | |||||||||
| RMB | RMB | US$ | RMB | RMB | US$ | ||||||||
| Operating revenue: | |||||||||||||
| Credit facilitation service income | 2,712,066 | 2,484,555 | 355,286 | 10,999,931 | 9,562,072 | 1,367,358 | |||||||
| Loan facilitation and servicing fees-credit oriented | 1,624,410 | 1,293,440 | 184,959 | 6,325,924 | 4,988,562 | 713,355 | |||||||
| Guarantee income | 577,168 | 684,863 | 97,934 | 2,663,824 | 2,423,570 | 346,566 | |||||||
| Financing income | 510,488 | 506,252 | 72,393 | 2,010,183 | 2,149,940 | 307,437 | |||||||
| Tech-empowerment service income | 601,693 | 170,317 | 24,355 | 1,881,376 | 2,081,335 | 297,627 | |||||||
| Installment e-commerce platform service income | 345,074 | 388,204 | 55,512 | 1,322,287 | 1,508,680 | 215,738 | |||||||
| Total operating revenue | 3,658,833 | 3,043,076 | 435,153 | 14,203,594 | 13,152,087 | 1,880,723 | |||||||
| Operating cost | |||||||||||||
| Cost of sales | (352,749 | ) | (248,121 | ) | (35,481 | ) | (1,319,526 | ) | (1,206,033 | ) | (172,460 | ) | |
| Funding cost | (57,471 | ) | (34,185 | ) | (4,888 | ) | (326,451 | ) | (228,958 | ) | (32,741 | ) | |
| Processing and servicing cost | (583,119 | ) | (632,479 | ) | (90,443 | ) | (2,291,904 | ) | (2,442,557 | ) | (349,281 | ) | |
| Provision for financing receivables | (296,741 | ) | (250,218 | ) | (35,781 | ) | (865,524 | ) | (1,016,742 | ) | (145,392 | ) | |
| Provision for contract assets and receivables | (153,968 | ) | (158,797 | ) | (22,708 | ) | (718,413 | ) | (614,364 | ) | (87,853 | ) | |
| Provision for contingent guarantee liabilities | (940,740 | ) | (935,194 | ) | (133,731 | ) | (3,655,548 | ) | (3,174,787 | ) | (453,989 | ) | |
| Total operating cost | (2,384,788 | ) | (2,258,994 | ) | (323,032 | ) | (9,177,366 | ) | (8,683,441 | ) | (1,241,716 | ) | |
| Gross profit | 1,274,045 | 784,082 | 112,121 | 5,026,228 | 4,468,646 | 639,007 | |||||||
| Operating expenses: | |||||||||||||
| Sales and marketing expenses | (464,263 | ) | (388,093 | ) | (55,497 | ) | (1,787,299 | ) | (1,918,894 | ) | (274,398 | ) | |
| Research and development expenses | (151,081 | ) | (131,947 | ) | (18,868 | ) | (578,243 | ) | (595,316 | ) | (85,129 | ) | |
| General and administrative expenses | (95,335 | ) | (69,964 | ) | (10,005 | ) | (374,481 | ) | (361,819 | ) | (51,739 | ) | |
| Total operating expenses | (710,679 | ) | (590,004 | ) | (84,370 | ) | (2,740,023 | ) | (2,876,029 | ) | (411,266 | ) | |
| Change in fair value of financial guarantee derivatives and loans at fair value | (143,619 | ) | 79,433 | 11,359 | (979,234 | ) | 508,160 | 72,666 | |||||
| Interest expense, net | (2,560 | ) | (8,015 | ) | (1,146 | ) | (9,007 | ) | (22,732 | ) | (3,251 | ) | |
| Investment loss | (543 | ) | (3,503 | ) | (501 | ) | (2,417 | ) | (21,903 | ) | (3,132 | ) | |
| Others, net | 13,754 | 4,014 | 574 | 58,188 | 19,461 | 2,783 | |||||||
| Income before income tax expense | 430,398 | 266,007 | 38,037 | 1,353,735 | 2,075,603 | 296,807 | |||||||
| Income tax expense | (67,649 | ) | (51,923 | ) | (7,425 | ) | (253,275 | ) | (398,526 | ) | (56,988 | ) | |
| Net income | 362,749 | 214,084 | 30,612 | 1,100,460 | 1,677,077 | 239,819 | |||||||
| Net income attributable to ordinary shareholders of the Company | 362,749 | 214,084 | 30,612 | 1,100,460 | 1,677,077 | 239,819 | |||||||
| Net income per ordinary share attributable to ordinary shareholders of the Company | |||||||||||||
| Basic | 1.09 | 0.64 | 0.09 | 3.32 | 4.95 | 0.71 | |||||||
| Diluted | 1.03 | 0.62 | 0.09 | 3.24 | 4.72 | 0.68 | |||||||
| Net income per ADS attributable to ordinary shareholders of the Company | |||||||||||||
| Basic | 2.18 | 1.27 | 0.18 | 6.64 | 9.90 | 1.42 | |||||||
| Diluted | 2.06 | 1.24 | 0.18 | 6.49 | 9.45 | 1.35 | |||||||
| Weighted average ordinary shares outstanding | |||||||||||||
| Basic | 333,182,976 | 336,234,641 | 336,234,641 | 331,403,936 | 338,943,939 | 338,943,939 | |||||||
| Diluted | 351,577,582 | 346,075,067 | 346,075,067 | 339,261,349 | 355,089,877 | 355,089,877 | |||||||
Unaudited Condensed Consolidated Statements of Comprehensive Income |
||||||||||||
| For the Three Months Ended |
For the Year Ended |
|||||||||||
| (In thousands) | 2024 | 2025 | 2024 | 2025 | ||||||||
| RMB | RMB | US$ | RMB | RMB | US$ | |||||||
| Net income | 362,749 | 214,084 | 30,612 | 1,100,460 | 1,677,077 | 239,819 | ||||||
| Other comprehensive income | ||||||||||||
| Foreign currency translation adjustment, net of nil tax | 642 | (1,297 | ) | (185 | ) | (16,014 | ) | 1,962 | 281 | |||
| Total comprehensive income | 363,391 | 212,787 | 30,427 | 1,084,446 | 1,679,039 | 240,100 | ||||||
| Total comprehensive income attributable to ordinary shareholders of the Company | 363,391 | 212,787 | 30,427 | 1,084,446 | 1,679,039 | 240,100 | ||||||
Unaudited Reconciliations of GAAP and Non-GAAP Results |
|||||||||||
| For the Three Months Ended |
For the Year Ended |
||||||||||
| (In thousands, except for share and per share data) | 2024 | 2025 | 2024 | 2025 | |||||||
| RMB | RMB | US$ | RMB | RMB | US$ | ||||||
| Reconciliation of Adjusted net income attributable to ordinary shareholders of the Company to Net income attributable to ordinary shareholders of the Company | |||||||||||
| Net income attributable to ordinary shareholders of the Company | 362,749 | 214,084 | 30,612 | 1,100,460 | 1,677,077 | 239,819 | |||||
| Add: Share-based compensation expenses | 27,244 | 21,119 | 3,020 | 94,623 | 96,175 | 13,753 | |||||
| Investment loss | 543 | 3,503 | 501 | 2,417 | 21,903 | 3,132 | |||||
| Adjusted net income attributable to ordinary shareholders of the Company | 390,536 | 238,706 | 34,133 | 1,203,195 | 1,795,155 | 256,704 | |||||
| Adjusted net income per ordinary share attributable to ordinary shareholders of the Company | |||||||||||
| Basic | 1.17 | 0.71 | 0.10 | 3.63 | 5.30 | 0.76 | |||||
| Diluted | 1.11 | 0.69 | 0.10 | 3.55 | 5.06 | 0.72 | |||||
| Adjusted net income per ADS attributable to ordinary shareholders of the Company | |||||||||||
| Basic | 2.34 | 1.42 | 0.20 | 7.26 | 10.59 | 1.51 | |||||
| Diluted | 2.22 | 1.38 | 0.20 | 7.09 | 10.11 | 1.45 | |||||
| Weighted average shares used in calculating net income per ordinary share for non-GAAP EPS | |||||||||||
| Basic | 333,182,976 | 336,234,641 | 336,234,641 | 331,403,936 | 338,943,939 | 338,943,939 | |||||
| Diluted | 351,577,582 | 346,075,067 | 346,075,067 | 339,261,349 | 355,089,877 | 355,089,877 | |||||
| Reconciliations of Non-GAAP EBIT to Net income | |||||||||||
| Net income | 362,749 | 214,084 | 30,612 | 1,100,460 | 1,677,077 | 239,819 | |||||
| Add: Income tax expense | 67,649 | 51,923 | 7,425 | 253,275 | 398,526 | 56,988 | |||||
| Share-based compensation expenses | 27,244 | 21,119 | 3,020 | 94,623 | 96,175 | 13,753 | |||||
| Interest expense, net | 2,560 | 8,015 | 1,146 | 9,007 | 22,732 | 3,251 | |||||
| Investment loss | 543 | 3,503 | 501 | 2,417 | 21,903 | 3,132 | |||||
| Non-GAAP EBIT | 460,745 | 298,644 | 42,704 | 1,459,782 | 2,216,413 | 316,943 | |||||
Additional Credit Information
Vintage Charge Off Curve1
Dpd30+/GMV by Performance Windows1
First Payment Default 30+1
1.Loans facilitated under ICP and E-commerce business are excluded from the charts.
Vintage Charge Off Curve¹
Vintage Charge Off Curve¹
Dpd30+/GMV by Performance Windows¹
Dpd30+/GMV by Performance Windows¹
First Payment Default 30+¹
First Payment Default 30+¹
Source: LexinFintech Holdings Ltd.