LexinFintech Holdings (LX) Research & Development (2016 - 2025)

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.

LexinFintech Holdings (LX) Research & Development (2016 - 2025) 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 Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 Visa 618.21 Bn 605.85 Bn - 280.00 Mn
2 Mastercard 506.53 Bn 493.04 Bn - -
3 American Express 232.32 Bn 183.00 Bn 17.99 Bn 1.76 Bn
4 Capital One Financial 136.19 Bn 81.48 Bn - 489.00 Mn
5 PayPal Holdings 52.34 Bn 41.08 Bn - 849.00 Mn
6 Eason Technology 35.89 Bn 35.89 Bn - -
7 Synchrony Financial 26.09 Bn 9.90 Bn - 248.00 Mn
8 Affirm Holdings 25.93 Bn 24.20 Bn - 72.85 Mn
9 SoFi Technologies 23.04 Bn 22.68 Bn -41.62 Mn 335.54 Mn
10 LexinFintech Holdings 493.16 Mn 250.97 Mn 112.12 Mn -18.87 Mn

Historic Data

Download Data
DateValue
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
Mar 31, 2021 -18.96 Mn