LexinFintech Holdings (LX) Gross Margin (2016 - 2025)
LexinFintech Holdings (LX) posted Gross Margin of 25.77% for Q4 2025, down 26.19% sequentially from 34.91% in Q3 2025, and down 906.0% YoY from 3.2% in Q4 2024.
LexinFintech Holdings (LX) Gross Margin (2016 - 2025) Analysis & Trends
LexinFintech Holdings has reported Gross Margin for 10 years, with the latest figure at 25.77% in Q4 2025.
- Quarterly Gross Margin fell 906.0% year-over-year to 25.77% in Q4 2025, while the trailing twelve-month figure through Dec 2025 was 33.92% (down 145.0% YoY) and the FY2025 annual result came in at 33.98%, down 141.0% from the prior year.
- Gross Margin slipped to 25.77% in Q4 2025 per LX's latest filing, from 34.91% in the prior quarter.
- Over five years, Gross Margin peaked at 55.12% in Q4 2021 and troughed at 25.77% in Q4 2025.
- A 5-year average of 36.92% and a median of 35.19% in 2025 frame the typical range for Gross Margin.
- The sharpest annual moves came in 2021 and 2022: Gross Margin surged 3983 bps in 2021, then tumbled 2458 bps in 2022.
- Over 5 years, Gross Margin stood at 55.12% in 2021, then sank by 38 bps to 34.21% in 2022, then increased by 5 bps to 35.85% in 2023, then decreased by 3 bps to 34.82% in 2024, then fell by 26 bps to 25.77% in 2025.
- According to Business Quant data, Gross Margin over the past three periods registered 25.77%, 34.91%, and 35.48% for Q4 2025, Q3 2025, and Q2 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (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 | 91.60% |
| 4 | Capital One Financial | 136.19 Bn | 81.48 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 | -32.14% |
| 10 | LexinFintech Holdings | 493.16 Mn | 250.97 Mn | 112.12 Mn | 25.77% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 25.77% |
| Sep 30, 2025 | 34.91% |
| Jun 30, 2025 | 35.48% |
| Mar 31, 2025 | 39.27% |
| Dec 31, 2024 | 34.82% |
| Sep 30, 2024 | 32.97% |
| Jun 30, 2024 | 37.03% |
| Mar 31, 2024 | 36.91% |
| Dec 31, 2023 | 35.85% |
| Sep 30, 2023 | 38.65% |
| Jun 30, 2023 | 32.57% |
| Mar 31, 2023 | 30.28% |
| Dec 31, 2022 | 34.21% |
| Sep 30, 2022 | 33.35% |
| Jun 30, 2022 | 26.25% |
| Mar 31, 2022 | 26.91% |
| Dec 31, 2021 | 55.12% |
| Sep 30, 2021 | 50.75% |
| Jun 30, 2021 | 50.83% |
| Mar 31, 2021 | 46.51% |