Qfin Holdings (QFIN) Gross Margin (2016 - 2022)
Qfin Holdings (QFIN) posted Gross Margin of 85.46% for Q4 2022, up 1.13% sequentially from 84.51% in Q3 2022, and down 126.0% YoY from 328.7% in Q4 2021.
Analysis
Qfin Holdings (QFIN) Gross Margin (2016 - 2022) Analysis & Trends
Qfin Holdings has reported Gross Margin for 6 years, with the latest figure at 85.46% in Q4 2022.
- Quarterly Gross Margin fell 126.0% year-over-year to 85.46% in Q4 2022, while the trailing twelve-month figure through Dec 2022 was 89.5% (up 611.0% YoY) and the FY2025 annual result came in at 83.19%, up 8.0% from the prior year.
- Gross Margin rose to 85.46% in Q4 2022 per QFIN's latest filing, from 84.51% in the prior quarter.
- Over five years, Gross Margin peaked at 89.08% in Q1 2020 and troughed at 76.6% in Q2 2018.
- A 5-year average of 85.6% and a median of 86.4% in 2019 frame the typical range for Gross Margin.
- The widest YoY moves for Gross Margin: up 975 bps in 2019, down 473 bps in 2019.
- Over 5 years, Gross Margin stood at 85.6% in 2018, then slipped by 6 bps to 80.88% in 2019, then climbed by 7 bps to 86.89% in 2020, then retreated by 0 bps to 86.72% in 2021, then fell by 1 bps to 85.46% in 2022.
- According to Business Quant data, Gross Margin over the past three periods registered 85.46%, 84.51%, and 86.72% for Q4 2022, Q3 2022, and Q4 2021 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Visa | 680.39 Bn | 668.03 Bn | - | - |
| 2 | Mastercard | 518.33 Bn | 504.84 Bn | - | - |
| 3 | American Express | 224.91 Bn | 175.59 Bn | 17.99 Bn | 91.60% |
| 4 | Capital One Financial | 132.31 Bn | 77.60 Bn | - | - |
| 5 | PayPal Holdings | 46.25 Bn | 35.00 Bn | - | - |
| 6 | Affirm Holdings | 26.22 Bn | 24.59 Bn | - | - |
| 7 | Synchrony Financial | 25.37 Bn | 9.17 Bn | - | - |
| 8 | SoFi Technologies | 23.30 Bn | 20.18 Bn | 1.02 Bn | 83.58% |
| 9 | Ally Financial | 12.85 Bn | 5.01 Bn | 2.08 Bn | 90.90% |
| 10 | Qfin Holdings | 1.07 Bn | -390.93 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2022 | 85.46% |
| Sep 30, 2022 | 84.51% |
| Dec 31, 2021 | 86.72% |
| Sep 30, 2021 | 86.46% |
| Dec 31, 2020 | 86.89% |
| Sep 30, 2020 | 88.96% |
| Jun 30, 2020 | 88.03% |
| Mar 31, 2020 | 89.08% |
| Dec 31, 2019 | 80.88% |
| Sep 30, 2019 | 85.51% |
| Jun 30, 2019 | 86.35% |
| Mar 31, 2019 | 88.65% |
| Dec 31, 2018 | 85.60% |
| Sep 30, 2018 | 86.58% |
| Jun 30, 2018 | 76.60% |
| Mar 31, 2018 | 83.37% |
| Dec 31, 2017 | 86.34% |
| Dec 31, 2016 | -694.81% |