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

LexinFintech Holdings' (LX) quarterly Research & Development came in at -$18.9 million in Q4 2025, up 8.84% year-on-year from -$17.3 million in Q4 2024, and up 10.49% quarter-over-quarter from -$21.1 million in Q3 2025.

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

LexinFintech Holdings has disclosed Research & Development across 10 years of filings, most recently posting -$18.9 million for Q4 2025.

  • Research & Development for Q4 2025 came in at -$18.9 million, up 8.84% year-over-year; the trailing twelve-month figure through Dec 2025 was -$83.4 million (down 3.83% YoY), and the FY2025 annual result was $85.1 million, up 7.46% from the prior year.
  • Research & Development came in at -$18.9 million for Q4 2025 at LexinFintech Holdings, up from -$21.1 million in the prior quarter.
  • In the past five years, Research & Development ranged from a high of -$16.7 million in Q2 2023 to a low of -$25.7 million in Q4 2021.
  • The 5-year median for Research & Development is -$20.0 million (2021), against an average of -$20.4 million.
  • Across the five-year window, Research & Development plunged 206.36% in 2021 and increased 27.47% in 2023, its largest moves.
  • LexinFintech Holdings' Research & Development stood at -$25.7 million in 2021, then gained by 23.4% to -$19.7 million in 2022, then rose by 2.74% to -$19.1 million in 2023, then decreased by 8.19% to -$20.7 million in 2024, then climbed by 8.84% to -$18.9 million in 2025.
  • The last three Research & Development figures came in at -$18.9 million (Q4 2025), -$21.1 million (Q3 2025), and -$22.0 million (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 Visa 541.66 Bn 529.25 Bn - 260.00 Mn
2 Mastercard 437.55 Bn 427.34 Bn - -
3 American Express 212.80 Bn 158.76 Bn 17.43 Bn 1.59 Bn
4 Capital One Financial 112.47 Bn 35.97 Bn - 496.00 Mn
5 PayPal Holdings 37.70 Bn 28.36 Bn 7.84 Bn 793.00 Mn
6 Synchrony Financial 24.26 Bn 3.70 Bn - 262.00 Mn
7 Affirm Holdings 21.24 Bn 19.51 Bn 261.64 Mn -
8 SoFi Technologies 20.46 Bn 17.06 Bn 929.25 Mn 187.68 Mn
9 Ally Financial 13.30 Bn 12.86 Bn 1.98 Bn -
10 LexinFintech Holdings 98.92 Mn -43.55 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