Lexinfintech Holdings Ltd · Q3 2025 earnings

Briefing

LexinFintech Q3 2025: net income jumps 68% to RMB521M as net income take rate hits 2.01%

LexinFintech Holdings reported third quarter 2025 results for the period ended September 30, 2025, with operating revenue of RMB3,417 million, down 6.7% year over year amid regulatory transition and credit risk volatility. Net income attributable to ordinary shareholders rose 68% to RMB521 million, the highest in 15 quarters, with fully diluted net income per ADS of RMB2.93 and adjusted net income per ADS of RMB3.06. Loan originations reached RMB50.9 billion and the net income take rate improved to 2.01%, exceeding the company's year-end 2.0% target ahead of schedule. Registered users grew 7.7% to 240 million and the 90-day-plus delinquency ratio improved to 3.0%. Management completed pricing adjustments to comply with new regulations effective October 1, 2025.

• Operating revenue was RMB3,417 million, down 6.7% YoY, while net income rose 68% to RMB521 million.
• Loan originations totaled RMB50.9 billion; outstanding loan principal balance was RMB102 billion at quarter end.
• Net income take rate reached 2.01%, up 9 bps QoQ and achieving the >2.0% year-end target early.
• Registered users reached 240 million (+7.7% YoY); 90-day-plus delinquency ratio improved to 3.0%.
• Company repurchased ~US$25 million of ADSs and raised dividend payout ratio to 30% of net profit from H2 2025.

Headline financials

Revenue & EPS history

Management maintained guidance for significant full-year net income growth after nine-month net income of RMB1.5 billion (+98% YoY), but expects Q4 transaction volume and net income to decline sequentially due to ongoing regulatory risk fluctuations.