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
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