LexinFintech Holdings (LX) Operating Expenses (2016 - 2026)
LexinFintech Holdings' (LX) quarterly Operating Expenses came in at -$88.6 million in Q2 2026, up 22.69% year-over-year from -$72.2 million in Q2 2025, and up 19.37% quarter-over-quarter from -$109.9 million in Q1 2026.
Analysis
LexinFintech Holdings (LX) Operating Expenses (2016 - 2026) Analysis & Trends
LexinFintech Holdings has disclosed Operating Expenses across 11 years of filings, most recently posting -$88.6 million for Q2 2026.
- In Q2 2026, Operating Expenses rose 22.69% year-over-year to -$88.6 million; the TTM figure through Jun 2026 stood at -$383.3 million (up 6.85% YoY), while the FY2025 annual figure was -$411.3 million, down 9.56% from the prior year.
- Operating Expenses came in at -$88.6 million for Q2 2026 at LexinFintech Holdings, up from -$109.9 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of -$84.4 million in Q4 2025 to a low of -$114.6 million in Q2 2025.
- Average Operating Expenses over 5 years is -$97.3 million, with a median of -$96.7 million recorded in 2023.
- Year-over-year, Operating Expenses decreased 17.08% in 2025 and climbed 22.69% in 2026.
- Over 5 years, Operating Expenses stood at -$95.1 million in 2022, then climbed by 0.19% to -$94.9 million in 2023, then retreated by 2.61% to -$97.4 million in 2024, then advanced by 13.34% to -$84.4 million in 2025, then declined by 4.99% to -$88.6 million in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were -$88.6 million in Q2 2026, -$109.9 million in Q1 2026, and -$84.4 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Upstart Holdings | 2.43 Bn | 1.99 Bn | 303.39 Mn | 350.07 Mn |
| 2 | Pagaya Technologies | 1.70 Bn | 1.51 Bn | 168.33 Mn | 281.24 Mn |
| 3 | Qfin Holdings | 986.27 Mn | -9.51 Mn | - | 354.54 Mn |
| 4 | FinVolution | 836.54 Mn | -90.46 Mn | - | -423.57 Mn |
| 5 | X Financial | 386.17 Mn | -182.14 Mn | 84.09 Mn | 117.70 Mn |
| 6 | Open Lending | 371.20 Mn | 186.25 Mn | 15.64 Mn | 16.27 Mn |
| 7 | Blend Labs | 279.09 Mn | 234.22 Mn | 24.89 Mn | 26.46 Mn |
| 8 | LexinFintech Holdings | 251.25 Mn | 251.25 Mn | 73.06 Mn | -88.58 Mn |
| 9 | Jiayin | 76.25 Mn | 2.23 Mn | - | -144.96 Mn |
| 10 | Antalpha Platform Holding | 76.02 Mn | -813.69 Mn | 11.94 Mn | 37.28 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -88.58 Mn |
| Mar 31, 2026 | -109.85 Mn |
| Dec 31, 2025 | -84.37 Mn |
| Sep 30, 2025 | -100.55 Mn |
| Jun 30, 2025 | -114.57 Mn |
| Mar 31, 2025 | -103.29 Mn |
| Dec 31, 2024 | -97.36 Mn |
| Sep 30, 2024 | -96.31 Mn |
| Jun 30, 2024 | -97.85 Mn |
| Mar 31, 2024 | -88.97 Mn |
| Dec 31, 2023 | -94.89 Mn |
| Sep 30, 2023 | -85.36 Mn |
| Jun 30, 2023 | -92.53 Mn |
| Mar 31, 2023 | -97.06 Mn |
| Dec 31, 2022 | -95.07 Mn |
| Sep 30, 2022 | -94.12 Mn |
| Jun 30, 2022 | -111.24 Mn |
| Mar 31, 2022 | -99.37 Mn |
| Dec 31, 2021 | -95.65 Mn |
| Sep 30, 2021 | -112.11 Mn |