Jiayin (JFIN) Gross Margin (2018 - 2023)
Jiayin's (JFIN) quarterly Gross Margin came in at 24.06% in Q3 2023, down 39.52% quarter-over-quarter from 39.77% in Q2 2023.
Analysis
Jiayin (JFIN) Gross Margin (2018 - 2023) Analysis & Trends
Jiayin has disclosed Gross Margin across 5 years of filings, most recently posting 24.06% for Q3 2023.
- In Q3 2023, Gross Margin changed N/A year-over-year to 24.06%; the TTM figure through Sep 2023 stood at 39.56% (changed N/A YoY), while the FY2022 annual figure was 89.69%, down 1000.0% from the prior year.
- Gross Margin came in at 24.06% for Q3 2023 at Jiayin, down from 39.77% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 97.05% in Q4 2020 to a low of 24.06% in Q3 2023.
- Average Gross Margin over 4 years is 78.34%, with a median of 82.66% recorded in 2019.
- Year-over-year, Gross Margin soared 1927 bps in 2020 and slumped 974 bps in 2021.
- Over 4 years, Gross Margin stood at 77.77% in 2019, then climbed by 25 bps to 97.05% in 2020, then slipped by 16 bps to 81.51% in 2021, then slumped by 70 bps to 24.06% in 2023.
- Per Business Quant data, the three most recent Gross Margin figures were 24.06% in Q3 2023, 39.77% in Q2 2023, and 75.85% in Q1 2023.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Upstart Holdings | 2.43 Bn | 1.99 Bn | 303.39 Mn | 83.19% |
| 2 | Pagaya Technologies | 1.70 Bn | 1.51 Bn | 168.33 Mn | 43.49% |
| 3 | Qfin Holdings | 986.27 Mn | -9.51 Mn | - | - |
| 4 | FinVolution | 836.54 Mn | -90.46 Mn | - | - |
| 5 | X Financial | 386.17 Mn | -182.14 Mn | 84.09 Mn | 57.43% |
| 6 | Open Lending | 371.20 Mn | 186.25 Mn | 15.64 Mn | 76.31% |
| 7 | Blend Labs | 279.09 Mn | 234.22 Mn | 24.89 Mn | 73.54% |
| 8 | LexinFintech Holdings | 251.25 Mn | 251.25 Mn | 73.06 Mn | 15.55% |
| 9 | Jiayin | 76.25 Mn | 2.23 Mn | - | - |
| 10 | Antalpha Platform Holding | 76.02 Mn | -813.69 Mn | 11.94 Mn | 97.79% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2023 | 24.06% |
| Jun 30, 2023 | 39.77% |
| Mar 31, 2023 | 75.85% |
| Mar 31, 2021 | 81.51% |
| Dec 31, 2020 | 97.05% |
| Sep 30, 2020 | 96.85% |
| Jun 30, 2020 | 96.27% |
| Mar 31, 2020 | 91.26% |
| Dec 31, 2019 | 77.77% |
| Sep 30, 2019 | 95.34% |
| Jun 30, 2019 | 80.49% |
| Mar 31, 2019 | 83.81% |
| Dec 31, 2018 | 83.44% |
| Jun 30, 2018 | 85.11% |
| Mar 31, 2018 | 91.37% |