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
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |