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
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