LexinFintech Holdings (LX) Cost of Revenue (2016 - 2026)
LexinFintech Holdings' (LX) quarterly Cost of Revenue came in at $71.4 million in Q2 2026, up 20.09% year-over-year from $59.5 million in Q2 2025, and up 41.23% quarter-over-quarter from $50.6 million in Q1 2026.
Analysis
LexinFintech Holdings (LX) Cost of Revenue (2016 - 2026) Analysis & Trends
LexinFintech Holdings has disclosed Cost of Revenue across 11 years of filings, most recently posting $71.4 million for Q2 2026.
- In Q2 2026, Cost of Revenue rose 20.09% year-over-year to $71.4 million; the TTM figure through Jun 2026 stood at $195.4 million (up 4.03% YoY), while the FY2025 annual figure was $172.5 million, down 4.6% from the prior year.
- Cost of Revenue came in at $71.4 million for Q2 2026 at LexinFintech Holdings, up from $50.6 million in the prior quarter.
- In the past five years, Cost of Revenue ranged from a high of $95.2 million in Q4 2022 to a low of $32.7 million in Q1 2024.
- Average Cost of Revenue over 5 years is $56.0 million, with a median of $51.2 million recorded in 2022.
- Year-over-year, Cost of Revenue plunged 51.93% in 2024 and jumped 40.0% in 2026.
- Over 5 years, Cost of Revenue stood at $95.2 million in 2022, then tumbled by 49.09% to $48.5 million in 2023, then dropped by 0.28% to $48.3 million in 2024, then retreated by 26.58% to $35.5 million in 2025, then jumped by 101.22% to $71.4 million in 2026.
- Per Business Quant data, the three most recent Cost of Revenue figures were $71.4 million in Q2 2026, $50.6 million in Q1 2026, and $35.5 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Upstart Holdings | 2.43 Bn | 1.99 Bn | 303.39 Mn | 61.32 Mn |
| 2 | Pagaya Technologies | 1.70 Bn | 1.51 Bn | 168.33 Mn | 218.72 Mn |
| 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 | 62.05 Mn |
| 6 | Open Lending | 371.20 Mn | 186.25 Mn | 15.64 Mn | 4.85 Mn |
| 7 | Blend Labs | 279.09 Mn | 234.22 Mn | 24.89 Mn | 8.95 Mn |
| 8 | LexinFintech Holdings | 251.25 Mn | 251.25 Mn | 73.06 Mn | 71.40 Mn |
| 9 | Jiayin | 76.25 Mn | 2.23 Mn | - | - |
| 10 | Antalpha Platform Holding | 76.02 Mn | -813.69 Mn | 11.94 Mn | 269,558.00 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 71.40 Mn |
| Mar 31, 2026 | 50.55 Mn |
| Dec 31, 2025 | 35.48 Mn |
| Sep 30, 2025 | 37.92 Mn |
| Jun 30, 2025 | 59.45 Mn |
| Mar 31, 2025 | 36.11 Mn |
| Dec 31, 2024 | 48.33 Mn |
| Sep 30, 2024 | 43.90 Mn |
| Jun 30, 2024 | 58.20 Mn |
| Mar 31, 2024 | 32.65 Mn |
| Dec 31, 2023 | 48.46 Mn |
| Sep 30, 2023 | 49.30 Mn |
| Jun 30, 2023 | 64.18 Mn |
| Mar 31, 2023 | 67.92 Mn |
| Dec 31, 2022 | 95.19 Mn |
| Sep 30, 2022 | 74.60 Mn |
| Jun 30, 2022 | 82.32 Mn |
| Mar 31, 2022 | 51.77 Mn |
| Dec 31, 2021 | 72.58 Mn |
| Sep 30, 2021 | 67.82 Mn |