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| Date | Value |
|---|---|
| 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 |