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 has reported Operating Expenses for 10 years, with the latest figure 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.
- Over five years, Operating Expenses peaked at -$84.4 million in Q4 2025 and troughed at -$115.6 million in Q2 2021.
- A 5-year average of -$98.4 million and a median of -$96.7 million in 2023 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2021 and 2023: Operating Expenses slumped 235.39% in 2021, then climbed 16.82% in 2023.
- Over 5 years, Operating Expenses stood at -$95.6 million in 2021, then increased by 0.61% to -$95.1 million in 2022, then increased by 0.19% to -$94.9 million in 2023, then slipped by 2.61% to -$97.4 million in 2024, then grew by 13.34% to -$84.4 million in 2025.
- According to Business Quant data, Operating Expenses over the past three periods registered -$84.4 million, -$100.5 million, and -$114.6 million for Q4 2025, Q3 2025, and Q2 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Visa | 618.21 Bn | 605.85 Bn | - | 4.76 Bn |
| 2 | Mastercard | 506.53 Bn | 493.04 Bn | - | 3.69 Bn |
| 3 | American Express | 232.32 Bn | 183.00 Bn | 17.99 Bn | 14.48 Bn |
| 4 | Capital One Financial | 136.19 Bn | 81.48 Bn | - | 9.04 Bn |
| 5 | PayPal Holdings | 52.34 Bn | 41.08 Bn | - | 7.26 Bn |
| 6 | Eason Technology | 35.89 Bn | 35.89 Bn | - | - |
| 7 | Synchrony Financial | 26.09 Bn | 9.90 Bn | - | 1.33 Bn |
| 8 | Affirm Holdings | 25.93 Bn | 24.20 Bn | - | 950.34 Mn |
| 9 | SoFi Technologies | 23.04 Bn | 22.68 Bn | -41.62 Mn | 891.92 Mn |
| 10 | LexinFintech Holdings | 493.16 Mn | 250.97 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 |