LexinFintech Holdings Ltd. reported unaudited results for the quarter ended December 31, 2025, and for the full year 2025. Net profit for the year reached RMB1.7 billion, up 52.4% from the previous year, while net income for the fourth quarter was RMB214 million. Operating revenue for the quarter fell to RMB3,043 million, a 16.8% decline from RMB3,659 million a year earlier, and credit‑facilitation service income dropped to RMB2,485 million from RMB2,712 million. The company offset the revenue decline with higher guarantee income and announced a dividend of US$0.188 per ADS, representing 30% of net income from the second half of 2025, and disclosed that it has repurchased US$39 million of ADSs to date.
Full‑year operating revenue was RMB13,152 million, a 7.4% decrease from RMB14,204 million in 2024, yet the company’s net profit growth remained robust. The fourth‑quarter net income decline of 41% year‑over‑year reflects the impact of regulatory pricing adjustments and a contraction in loan volume. Management attributed the revenue and income declines to pricing adjustments required by the new 24% cap on comprehensive interest rates, higher credit costs, and more conservative provisioning, while higher guarantee income helped cushion the impact.
The company’s diversified business model continued to show resilience. Tech‑empowerment service income and installment e-commerce platform service income both grew, indicating that the company’s expansion beyond traditional credit facilitation is gaining traction. These segments helped mitigate the headwinds in the core loan‑facilitation business and support the company’s overall profitability trajectory.
"The fourth quarter marked an important transition for us as we adapted to the new regulatory framework," said Chairman and CEO Jay Wenjie Xiao. He added that the company has "optimized" operations under the new regulatory framework and "successfully achieved" goals of stabilizing scale and mitigating risk. The CEO also emphasized the company’s commitment to shareholder returns, noting that the board approved the dividend and that the company has cumulatively repurchased US$39 million of ADSs. He confirmed that his personal US$10 million share purchase plan has been fully implemented and that the company will continue to explore avenues to deliver sustainable value to shareholders.
The company’s risk metrics remain stable, with the 90‑plus‑day delinquency rate at 3.1% as of December 31, 2025, a slight increase from 3.0% on September 30, 2025. Management projects a stable continuation in loan origination for early 2026, suggesting confidence in the company’s ability to navigate the regulatory environment while maintaining growth in its diversified business segments.
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