LexinFintech Holdings (LX) Gross Margin (2016 - 2026)
LexinFintech Holdings' (LX) quarterly Gross Margin came in at 15.55% in Q2 2026, down 1992.0% year-over-year from 0.82% in Q2 2025, and down 38.33% quarter-over-quarter from 25.22% in Q1 2026.
Analysis
LexinFintech Holdings (LX) Gross Margin (2016 - 2026) Analysis & Trends
LexinFintech Holdings has disclosed Gross Margin across 11 years of filings, most recently posting 15.55% for Q2 2026.
- In Q2 2026, Gross Margin fell 1992.0% year-over-year to 15.55%; the TTM figure through Jun 2026 stood at 25.41% (down 1006.0% YoY), while the FY2025 annual figure was 33.98%, down 141.0% from the prior year.
- Gross Margin came in at 15.55% for Q2 2026 at LexinFintech Holdings, down from 25.22% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 39.27% in Q1 2025 to a low of 15.55% in Q2 2026.
- Average Gross Margin over 5 years is 32.0%, with a median of 33.78% recorded in 2022.
- Year-over-year, Gross Margin slumped 2458 bps in 2022 and jumped 663 bps in 2024.
- Over 5 years, Gross Margin stood at 34.21% in 2022, then climbed by 5 bps to 35.85% in 2023, then fell by 3 bps to 34.82% in 2024, then dropped by 26 bps to 25.77% in 2025, then tumbled by 40 bps to 15.55% in 2026.
- Per Business Quant data, the three most recent Gross Margin figures were 15.55% in Q2 2026, 25.22% in Q1 2026, and 25.77% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Upstart Holdings | 2.43 Bn | 1.99 Bn | 303.39 Mn | 83.19% |
| 2 | Pagaya Technologies | 1.70 Bn | 1.51 Bn | 168.33 Mn | 43.49% |
| 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 | 57.43% |
| 6 | Open Lending | 371.20 Mn | 186.25 Mn | 15.64 Mn | 76.31% |
| 7 | Blend Labs | 279.09 Mn | 234.22 Mn | 24.89 Mn | 73.54% |
| 8 | LexinFintech Holdings | 251.25 Mn | 251.25 Mn | 73.06 Mn | 15.55% |
| 9 | Jiayin | 76.25 Mn | 2.23 Mn | - | - |
| 10 | Antalpha Platform Holding | 76.02 Mn | -813.69 Mn | 11.94 Mn | 97.79% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 15.55% |
| Mar 31, 2026 | 25.22% |
| 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% |