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| Date | Value |
|---|---|
| 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 |