LXNasdaqFinance ServicesFiscal year ends December 31
LexinFintech Holdings Ltd.
Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on Apr 29, 2026
$0.63−0.01 (-1.68%)
Close on Oct 19, 2026
Margins
Share of revenue, fiscal years 2014 to 2025
Gross margin
34.0%+2.8 pts over 5 years
Net margin
–
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -7.4% | +10.1% | +2.5% | +17.9% | |
| Gross profit | -11.1% | +13.8% | +4.2% | – | |
| EPS, diluted | +45.7% | +28.8% | +24.8% | – | |
| Free cash flow | +290.9% | – | – | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 23.0% | 9.8% | – | |
| Return on assets | – | 3.0% | – | |
| Current ratio | 0.94 | 1.37 | 1.89 | |
| Debt to equity | -0.03 | 0.49 | – | |
| Inventory turnover | – | 104.1× | 373.8× | |
| Capex to revenue | 0.7% | 0.7% | 2.7% | |
| Diluted shares | 111M | 411M | 355M |
Where the cash went
Fiscal 2021 to 2025, five years combined
LexinFintech generated CN¥10.24B from operations and spent CN¥1.99B on capital expenditure, dividends and share buybacks. 55% of that went back into the business.
Generated
CN¥10.24B
Used
CN¥1.99B
Capital expenditureCN¥1.10B55%DividendsCN¥683.19M34%Share buybacksCN¥202.13M10%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin5.1%
×Asset turnover0.59×
×Equity multiplier3.27×
=Return on equity, FY20209.8%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2020 | 5.1% | 0.59× | 3.27× | 9.8% |
| FY2019 | 21.6% | 0.67× | 2.96× | 42.9% |
| FY2018 | 26.0% | 0.56× | 4.68× | 68.1% |
| FY2017 | 4.3% | 0.48× | 21.52× | 44.1% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
3of 6 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero–
- Cash generatingOperating cash flow above zeroCN¥3.61B
- Return on assets improvedROA up on the prior year– → –
- Earnings backed by cashOperating cash flow above net incomeCN¥3.61B vs –
- Less leverageLong-term debt to assets fell5.4% → 3.7%
- Better liquidityCurrent ratio rose1.86 → 1.89
- No dilutionShare count did not rise339M → 355M
- Gross margin improvedGross margin up on the prior year35.39% → 33.98%
- More efficientAsset turnover rose0.61 → 0.59