NASDAQ$QFIN
Qifu Technology Inc · Q1 2026 earnings
Q1 2026 earnings · · After market close · Investor relations
Briefing
Qfin Holdings reported unaudited Q1 2026 financial results on May 26, 2026.
Qfin Holdings announced total net revenue of RMB 3,909.3 million for Q1 2026, down 16.7% YoY, with net income of RMB 879.8 million and non-GAAP net income of RMB 945.9 million. The company highlighted improved risk metrics, operational efficiency, and a strong balance sheet with RMB 10.8 billion in cash and short-term investments, while guiding Q2 non-GAAP net income of RMB 900-980 million.
- Total net revenue RMB 3,909.3 million (US$566.7 million), down from RMB 4,690.7 million YoY.
- Net income RMB 879.8 million and non-GAAP net income RMB 945.9 million, with operating margin 25.0% and net income margin 22.5%.
- Total facilitation and origination loan volume RMB 65,034 million; outstanding loan balance RMB 114,387 million; 90-day+ delinquency rate 3.50%.
- Strong liquidity with RMB 2.1 billion operating cash flow and RMB 10.8 billion cash/short-term investments; Q2 non-GAAP net income guidance RMB 900-980 million.
Headline financials
Revenue & EPS history
Qfin Holdings · Revenue · Quarterly
¥3.91B
Revenue by segment
Qfin Holdings · ¥3.91B total across 2 segments · Q1 2026
- Credit Driven Services¥2.96B—75.7%
- Platform Services¥952M—24.3%
Forward guidance
Q2 2026 non-GAAP net income expected in RMB 900-980 million range amid ongoing regulatory and macro adjustments.
Tailwinds
- Improved risk performance and collection efficiency.
- Strong balance sheet and liquidity position.
- Focus on high-quality customers and AI-driven operations.
Headwinds
- Continued industry adjustments and regulatory tightening.
- Expected YoY declines in revenue and profitability.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 18 quarterly earnings reports
+0.6%
Avg return
Earnings day
-0.5%
Avg return
5 days after
+1.2%
Avg return
30 days after
47%
14 / 30 earnings
Positive
+21.2%
Q3 2019
Best reaction
-27.1%
Q4 2021
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | — | — | — | |
| Q4 2025 | -6.2% | +0.7% | — | |
| Q3 2025 | -14.2% | -19.0% | -15.3% | |
| Q2 2025 | -4.0% | -10.9% | -14.8% | |
| Q4 2024 | +9.1% | +3.9% | -15.4% | |
| Q3 2024 | +9.2% | +7.0% | +17.5% | |
| Q2 2024 | +14.5% | +16.0% | +18.8% | |
| Q1 2024 | -3.7% | -6.2% | -7.1% | |
| Q4 2023 | +20.8% | +20.5% | +31.6% | |
| Q3 2023 | +2.7% | +0.6% | -9.7% | |
| Q2 2023 | -1.9% | -1.0% | -4.8% | |
| Q1 2023 | -13.2% | -15.1% | -6.9% | |
| Q4 2022 | -10.8% | -11.9% | -3.3% | |
| Q3 2022 | +12.5% | -4.0% | +23.8% | |
| Q2 2022 | -0.9% | -4.7% | -6.0% | |
| Q1 2022 | -1.9% | +5.3% | +21.8% | |
| Q4 2021 | -27.1% | -33.9% | -21.1% | |
| Q3 2021 | +7.5% | -0.1% | -21.6% | |
| Q2 2021 | +10.3% | +21.6% | +17.8% | |
| Q1 2021 | -2.3% | +17.5% | +46.5% | |
| Q4 2020 | +0.8% | -2.0% | -23.0% | |
| Q3 2020 | +1.8% | +11.7% | -7.1% | |
| Q2 2020 | -3.8% | -16.1% | -20.4% | |
| Q1 2020 | +1.9% | -5.1% | +14.2% | |
| Q4 2019 | +0.4% | +9.5% | +19.1% | |
| Q3 2019 | +21.2% | +20.9% | +20.0% | |
| Q2 2019 | -5.6% | -10.9% | -7.8% | |
| Q1 2019 | +7.9% | -0.1% | -14.9% | |
| Q4 2017 | -3.5% | -4.6% | -21.6% | |
| Q4 2016 | -3.5% | -4.6% | -21.6% | |
| Q4 2018 | -0.5% | +1.5% | +46.0% | |
| Q2 2018 | — | — | — | |
| Q1 2018 | — | — | — | |
| Q3 2017 | — | — | — | |
| Q2 2017 | — | — | — | |
| Q1 2017 | — | — | — |
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