NASDAQ$QFIN
Qifu Technology Inc · Q2 2025 earnings
Q2 2025 earnings · · After market close · Investor relations
Briefing
Qfin delivers RMB5.22B revenue and RMB1.85B non-GAAP net income while tightening credit standards
Qfin Holdings reported Q2 2025 results with total net revenue of RMB5.22 billion ($728.1 million), up from RMB4.69 billion in Q1, and net income of RMB1.73 billion ($241.6 million). Non-GAAP net income was RMB1.85 billion with non-GAAP diluted EPS of RMB13.63 ($1.90) per ADS. Loan facilitation volume reached RMB84.6 billion while outstanding loan balance stood at RMB140.1 billion; 51% of the loan book was under capital-light ICE and technology solutions. Management tightened risk standards amid macro uncertainty, raised the semi-annual dividend to $0.76 per ADS, and guided Q3 non-GAAP net income of RMB1.60–1.80 billion.
- Total net revenue of RMB5.22B (+11% QoQ); net income RMB1.73B; non-GAAP net income RMB1.85B
- Non-GAAP diluted EPS of $1.90 per ADS; operating margin 41.0% and non-GAAP margin 43.2%
- Outstanding loan balance RMB140.1B with 90-day+ delinquency rate of 1.97%
- Semi-annual dividend raised to $0.76 per ADS; $277M repurchased under 2025 buyback plan
- Q3 guidance: non-GAAP net income RMB1.52–1.72B, reflecting prudent risk tightening
Headline financials
Revenue & EPS history
Qfin Holdings · Revenue · Quarterly
¥5.22B
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
For Q3 2025, Qfin expects net income of RMB1.52–1.72 billion and non-GAAP net income of RMB1.60–1.80 billion (2–13% YoY decline), reflecting continued prudent risk management amid macro uncertainties.
Tailwinds
- Blended funding costs declined sequentially despite industry liquidity pressures
- Over half of new credit line users acquired through embedded finance API partners
Headwinds
- Day-1 delinquency rate was 5.1% with 30-day collection rate of 87.3%
- Management may take further risk-mitigation actions if macro uncertainty persists
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 18 quarterly earnings reports · overlaid with Q2 2025
+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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