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 has reported Cost of Revenue for 10 years, with the latest figure 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 4.6% 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.
- Over five years, Cost of Revenue peaked at $95.2 million in Q4 2022 and troughed at $32.7 million in Q1 2024.
- A 5-year average of $57.9 million and a median of $58.8 million in 2024 frame the typical range for Cost of Revenue.
- The sharpest annual moves came in 2023 and 2024: Cost of Revenue jumped 31.19% in 2023, then sank 51.93% in 2024.
- Over 5 years, Cost of Revenue stood at $72.6 million in 2021, then soared by 31.15% to $95.2 million in 2022, then sank by 49.09% to $48.5 million in 2023, then fell by 0.28% to $48.3 million in 2024, then slipped by 26.58% to $35.5 million in 2025.
- According to Business Quant data, Cost of Revenue over the past three periods registered $35.5 million, $37.9 million, and $59.5 million for Q4 2025, Q3 2025, and Q2 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Visa | 618.21 Bn | 605.85 Bn | - | - |
| 2 | Mastercard | 506.53 Bn | 493.04 Bn | - | - |
| 3 | American Express | 232.32 Bn | 183.00 Bn | 17.99 Bn | 1.65 Bn |
| 4 | Capital One Financial | 136.19 Bn | 81.48 Bn | - | 1.70 Bn |
| 5 | PayPal Holdings | 52.34 Bn | 41.08 Bn | - | - |
| 6 | Eason Technology | 35.89 Bn | 35.89 Bn | - | - |
| 7 | Synchrony Financial | 26.09 Bn | 9.90 Bn | - | - |
| 8 | Affirm Holdings | 25.93 Bn | 24.20 Bn | - | - |
| 9 | SoFi Technologies | 23.04 Bn | 22.68 Bn | -41.62 Mn | 171.12 Mn |
| 10 | LexinFintech Holdings | 493.16 Mn | 250.97 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 |