LexinFintech Holdings (LX) Cost of Revenue (2016 - 2025)

LexinFintech Holdings (LX) posted Cost of Revenue of $35.5 million for Q4 2025, down 6.44% sequentially from $37.9 million in Q3 2025, and down 26.58% YoY from $48.3 million in Q4 2024.

LexinFintech Holdings (LX) Cost of Revenue (2016 - 2025) Analysis & Trends

LexinFintech Holdings (LX) has 10 years of Cost of Revenue data on file, last reported at $35.5 million in Q4 2025.

  • Quarterly Cost of Revenue fell 26.58% year-over-year to $35.5 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $169.0 million (down 7.71% YoY) and the FY2025 annual result came in at $172.5 million, down 86.5% from the prior year.
  • Cost of Revenue eased to $35.5 million in Q4 2025 per LX's latest filing, from $37.9 million in the prior quarter.
  • The five-year high for Cost of Revenue was $95.2 million in Q4 2022, with the low at $32.7 million in Q1 2024.
  • Average Cost of Revenue over 5 years is $57.9 million, with a median of $58.8 million recorded in 2024.
  • Year-over-year, Cost of Revenue soared 31.19% in 2023 and tumbled 51.93% in 2024.
  • LexinFintech Holdings' Cost of Revenue stood at $72.6 million in 2021, then jumped by 31.15% to $95.2 million in 2022, then slumped by 49.09% to $48.5 million in 2023, then retreated by 0.28% to $48.3 million in 2024, then dropped by 26.58% to $35.5 million in 2025.
  • Business Quant data shows LX's Cost of Revenue at $35.5 million in Q4 2025, $37.9 million in Q3 2025, and $59.5 million in Q2 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 Visa 587.74 Bn 575.34 Bn - -
2 Mastercard 465.55 Bn 455.34 Bn - -
3 American Express 238.39 Bn 184.35 Bn 17.43 Bn 1.48 Bn
4 PayPal Holdings 40.24 Bn 30.89 Bn 7.84 Bn 518.00 Mn
5 Affirm Holdings 28.27 Bn 26.55 Bn 261.64 Mn 72.85 Mn
6 SoFi Technologies 23.54 Bn 20.13 Bn 929.25 Mn 171.12 Mn
7 Ally Financial 14.34 Bn 13.89 Bn 1.98 Bn 121.00 Mn
8 Credit Acceptance 7.51 Bn 7.49 Bn 562.70 Mn 17.20 Mn
9 FinVolution 6.22 Bn 4.97 Bn 311.24 Mn 121.17 Mn
10 LexinFintech Holdings 422,180.00 -142.05 Mn 112.12 Mn 35.48 Mn

Historic Data

Download Data
DateValue
Dec 31, 2025 35.48 Mn
Dec 31, 2025 35.48 Mn
Sep 30, 2025 37.92 Mn
Sep 30, 2025 37.92 Mn
Jun 30, 2025 59.45 Mn
Jun 30, 2025 59.45 Mn
Mar 31, 2025 36.11 Mn
Mar 31, 2025 36.11 Mn
Dec 31, 2024 48.33 Mn
Dec 31, 2024 48.33 Mn
Sep 30, 2024 43.90 Mn
Sep 30, 2024 43.90 Mn
Jun 30, 2024 58.20 Mn
Jun 30, 2024 58.20 Mn
Mar 31, 2024 32.65 Mn
Mar 31, 2024 32.65 Mn
Dec 31, 2023 48.46 Mn
Dec 31, 2023 48.46 Mn
Sep 30, 2023 49.30 Mn
Sep 30, 2023 49.30 Mn