LexinFintech Holdings LX
NASDAQ LX
$1.18 +0.03 (+2.61%)
At close: Aug 28, 2026 · 4:00 PM EDT

LexinFintech Holdings (LX) Research & Development (2016 - 2026)

LexinFintech Holdings (LX) posted Research & Development of -$18.9 million for Q4 2025, up 10.49% sequentially from -$21.1 million in Q3 2025, and up 8.84% YoY from -$17.3 million in Q4 2024.

Analysis

LexinFintech Holdings (LX) Research & Development (2016 - 2026) Analysis & Trends

LexinFintech Holdings has reported Research & Development for 10 years, with the latest figure at -$18.9 million in Q4 2025.

  • Quarterly Research & Development rose 8.84% year-over-year to -$18.9 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was -$83.4 million (down 3.83% YoY) and the FY2025 annual result came in at $274.4 million, up 12.06% from the prior year.
  • Research & Development grew to -$18.9 million in Q4 2025 per LX's latest filing, from -$21.1 million in the prior quarter.
  • Over five years, Research & Development peaked at -$16.7 million in Q2 2023 and troughed at -$25.7 million in Q4 2021.
  • A 5-year average of -$20.4 million and a median of -$20.0 million in 2021 frame the typical range for Research & Development.
  • The sharpest annual moves came in 2021 and 2023: Research & Development plunged 206.36% in 2021, then gained 27.47% in 2023.
  • Over 5 years, Research & Development stood at -$25.7 million in 2021, then climbed by 23.4% to -$19.7 million in 2022, then advanced by 2.74% to -$19.1 million in 2023, then dropped by 8.19% to -$20.7 million in 2024, then increased by 8.84% to -$18.9 million in 2025.
  • According to Business Quant data, Research & Development over the past three periods registered -$18.9 million, -$21.1 million, and -$22.0 million for Q4 2025, Q3 2025, and Q2 2025 respectively.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 Visa 680.39 Bn 668.03 Bn - 280.00 Mn
2 Mastercard 518.33 Bn 504.84 Bn - -
3 American Express 224.91 Bn 175.59 Bn 17.99 Bn 1.76 Bn
4 Capital One Financial 132.31 Bn 77.60 Bn - 489.00 Mn
5 PayPal Holdings 46.25 Bn 35.00 Bn - 849.00 Mn
6 Affirm Holdings 26.22 Bn 24.59 Bn - 92.40 Mn
7 Synchrony Financial 25.37 Bn 9.17 Bn - 248.00 Mn
8 SoFi Technologies 23.30 Bn 20.18 Bn 1.02 Bn 392.40 Mn
9 Ally Financial 12.85 Bn 5.01 Bn 2.08 Bn -
10 LexinFintech Holdings 395.30 Mn -55.80 Mn 121.00 Mn -21.50 Mn
Historic Data

Historic Data

Download Data
DateValue
Mar 31, 2026 -21.50 Mn
Dec 31, 2025 -18.87 Mn
Sep 30, 2025 -21.08 Mn
Jun 30, 2025 -22.01 Mn
Mar 31, 2025 -21.45 Mn
Dec 31, 2024 -20.70 Mn
Sep 30, 2024 -21.22 Mn
Jun 30, 2024 -19.71 Mn
Mar 31, 2024 -18.70 Mn
Dec 31, 2023 -19.13 Mn
Sep 30, 2023 -17.35 Mn
Jun 30, 2023 -16.73 Mn
Mar 31, 2023 -18.86 Mn
Dec 31, 2022 -19.67 Mn
Sep 30, 2022 -19.76 Mn
Jun 30, 2022 -23.07 Mn
Mar 31, 2022 -24.06 Mn
Dec 31, 2021 -25.68 Mn
Sep 30, 2021 -20.33 Mn
Jun 30, 2021 -20.20 Mn