LendingClub Corp’s Revenue by Segment (2020-2023)

This statistic highlights LendingClub Corp’s Revenue by Segment, split between LendingClub Bank and LendingClub Corporation (Parent only), and is reported quarterly from 2020 onwards.

LendingClub Corp’s Revenue by Segment

LendingClub is a leading digital marketplace bank in the United States. Founded in 2006, LendingClub brings a traditional credit product, the installment loan, into the digital age through the use of technology and data science, as well as a unique marketplace model, and has since become one of the largest unsecured personal loan providers in the country.

(All figures in USD millions, except percentages)

The revenue generated by LendingClub Bank accounts for the majority of the total earnings of the Corporation. Nevertheless, the revenue generated by LendingClub Bank and LendingClub Corporation (Parent only), has contracted by 15.77% and 21.53% respectively year-over-year as of 31st March 2023. 

LendingClub Bank

LendingClub Bank’s revenue consists of two main components: marketplace revenue and net interest income. The LC Bank operating segment represents the national bank’s legal entity and reflects post-acquisition operating activities. This segment offers a complete range of financial products and services, including lending, leasing, and deposits. The segment originates loans to individual and corporate customers, holds loans for investment purposes, sells loans to institutional investors, and manages the relationship with deposit holders.

LendingClub Corporation (Parent only)

This segment is the legal entity of the holding company and primarily reflects the activities of the Company before the Acquisition. These activities include but are not limited to servicing fee revenue from loans serviced before the Acquisition, as well as interest income and expense associated with the Retail Program transactions and the Structured Program operations.

About LendingClub Corporation

The financial services company LendingClub Corporation was founded in San Francisco in 2006 and has since grown to include over 4 million Members and 500,000 Investors. The company’s platform utilizes technology and data analysis to evaluate borrowers’ creditworthiness and determine the interest rates at which they can borrow. Borrowers can apply for personal loans, business loans, and auto refinancing loans, which are then funded by individual or institutional investors who have the opportunity to review and select specific loans to invest in based on their risk appetite.

The company is a public company listed on the New York Stock Exchange (NYSE) under the symbol “LC”. Since its inception in 2006, LendingClub has facilitated loans totaling $80 billion. LendingClub has more than 4 million members and is the largest peer-to-peer lender in the U.S.

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