LexinFintech Holdings (LX) Operating Margin (2016 - 2026)
LexinFintech Holdings' (LX) quarterly Operating Margin came in at 34.29% in Q2 2026, down 2350.0% year-over-year from 1.52% in Q2 2025, and down 28.45% quarter-over-quarter from 47.92% in Q1 2026.
Analysis
LexinFintech Holdings (LX) Operating Margin (2016 - 2026) Analysis & Trends
LexinFintech Holdings has disclosed Operating Margin across 11 years of filings, most recently posting 34.29% for Q2 2026.
- In Q2 2026, Operating Margin fell 2350.0% year-over-year to 34.29%; the TTM figure through Jun 2026 stood at 45.81% (down 1029.0% YoY), while the FY2025 annual figure was 55.84%, up 28.0% from the prior year.
- Operating Margin came in at 34.29% for Q2 2026 at LexinFintech Holdings, down from 47.92% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 63.62% in Q1 2022 to a low of 34.29% in Q2 2026.
- Average Operating Margin over 5 years is 54.55%, with a median of 56.08% recorded in 2022.
- Year-over-year, Operating Margin sank 2714 bps in 2022 and soared 602 bps in 2025.
- Over 5 years, Operating Margin stood at 55.7% in 2022, then fell by 1 bps to 55.05% in 2023, then slipped by 1 bps to 54.25% in 2024, then fell by 17 bps to 45.15% in 2025, then decreased by 24 bps to 34.29% in 2026.
- Per Business Quant data, the three most recent Operating Margin figures were 34.29% in Q2 2026, 47.92% in Q1 2026, and 45.15% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Upstart Holdings | 2.43 Bn | 1.99 Bn | 303.39 Mn | 4.01% |
| 2 | Pagaya Technologies | 1.70 Bn | 1.51 Bn | 168.33 Mn | 27.34% |
| 3 | Qfin Holdings | 986.27 Mn | -9.51 Mn | - | 32.55% |
| 4 | FinVolution | 836.54 Mn | -90.46 Mn | - | 15.55% |
| 5 | X Financial | 386.17 Mn | -182.14 Mn | 84.09 Mn | 19.62% |
| 6 | Open Lending | 371.20 Mn | 186.25 Mn | 15.64 Mn | -3.09% |
| 7 | Blend Labs | 279.09 Mn | 234.22 Mn | 24.89 Mn | -4.66% |
| 8 | LexinFintech Holdings | 251.25 Mn | 251.25 Mn | 73.06 Mn | 34.29% |
| 9 | Jiayin | 76.25 Mn | 2.23 Mn | - | -33.47% |
| 10 | Antalpha Platform Holding | 76.02 Mn | -813.69 Mn | 11.94 Mn | 205.39% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 34.29% |
| Mar 31, 2026 | 47.92% |
| Dec 31, 2025 | 45.15% |
| Sep 30, 2025 | 55.55% |
| Jun 30, 2025 | 57.79% |
| Mar 31, 2025 | 63.30% |
| Dec 31, 2024 | 54.25% |
| Sep 30, 2024 | 50.35% |
| Jun 30, 2024 | 56.78% |
| Mar 31, 2024 | 57.28% |
| Dec 31, 2023 | 55.05% |
| Sep 30, 2023 | 56.89% |
| Jun 30, 2023 | 56.46% |
| Mar 31, 2023 | 52.83% |
| Dec 31, 2022 | 55.70% |
| Sep 30, 2022 | 60.57% |
| Jun 30, 2022 | 58.03% |
| Mar 31, 2022 | 63.62% |
| Dec 31, 2021 | 82.84% |
| Sep 30, 2021 | 74.78% |