LexinFintech Holdings (LX) Operating Expenses (2016 - 2025)

LexinFintech Holdings (LX) posted Operating Expenses of -$84.4 million for Q4 2025, up 16.09% sequentially from -$100.5 million in Q3 2025, and up 13.34% YoY from -$74.4 million in Q4 2024.

LexinFintech Holdings (LX) Operating Expenses (2016 - 2025) Analysis & Trends

LexinFintech Holdings (LX) has 10 years of Operating Expenses data on file, last reported at -$84.4 million in Q4 2025.

  • Quarterly Operating Expenses rose 13.34% year-over-year to -$84.4 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was -$402.8 million (down 5.85% YoY) and the FY2025 annual result came in at $411.3 million, up 9.56% from the prior year.
  • Operating Expenses improved to -$84.4 million in Q4 2025 per LX's latest filing, from -$100.5 million in the prior quarter.
  • The five-year high for Operating Expenses was -$84.4 million in Q4 2025, with the low at -$115.6 million in Q2 2021.
  • Average Operating Expenses over 5 years is -$98.4 million, with a median of -$96.7 million recorded in 2023.
  • Year-over-year, Operating Expenses plunged 235.39% in 2021 and increased 16.82% in 2023.
  • LexinFintech Holdings' Operating Expenses stood at -$95.6 million in 2021, then rose by 0.61% to -$95.1 million in 2022, then rose by 0.19% to -$94.9 million in 2023, then dropped by 2.61% to -$97.4 million in 2024, then increased by 13.34% to -$84.4 million in 2025.
  • Business Quant data shows LX's Operating Expenses at -$84.4 million in Q4 2025, -$100.5 million in Q3 2025, and -$114.6 million in Q2 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Visa 587.74 Bn 575.34 Bn - 4.00 Bn
2 Mastercard 465.55 Bn 455.34 Bn - 3.49 Bn
3 American Express 238.39 Bn 184.35 Bn 17.43 Bn 13.88 Bn
4 PayPal Holdings 40.24 Bn 30.89 Bn 7.84 Bn 6.87 Bn
5 Affirm Holdings 28.27 Bn 26.55 Bn 261.64 Mn 950.34 Mn
6 SoFi Technologies 23.54 Bn 20.13 Bn 929.25 Mn 891.92 Mn
7 Ally Financial 14.34 Bn 13.89 Bn 1.98 Bn 1.24 Bn
8 Credit Acceptance 7.51 Bn 7.49 Bn 562.70 Mn 422.90 Mn
9 FinVolution 6.22 Bn 4.97 Bn 311.24 Mn -363.39 Mn
10 LexinFintech Holdings 422,180.00 -142.05 Mn 112.12 Mn -84.37 Mn

Historic Data

Download Data
DateValue
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
Jun 30, 2021 -115.56 Mn
Mar 31, 2021 -91.70 Mn