Qfin Holdings (QFIN) Gross Margin (2017 - 2025)
Qfin Holdings recorded quarterly Gross Margin of 86.55% in Q4 2025, little changed quarter-over-quarter from 86.76% in Q3 2025, and down 176.0% year-over-year from 113.88% in Q4 2024.
Qfin Holdings' Gross Margin history runs 9 years deep, the most recent figure standing at 86.55% for Q4 2025.
- In Q4 2025, Gross Margin fell 176.0% year-over-year to 86.55%; the TTM figure through Dec 2025 stood at 86.75% (down 292.0% YoY), while the FY2025 annual figure was 85.92%, up 282.0% from the prior year.
- Gross Margin came in at 86.55% for Q4 2025 at Qfin Holdings, roughly flat from 86.76% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 91.99% in Q2 2023 to a low of 84.94% in Q3 2022.
- A 5-year average of 88.09% and a median of 87.62% in 2021 frame the typical range for Gross Margin.
- Across the five-year window, Gross Margin plunged 519 bps in 2021 and soared 535 bps in 2023, its largest moves.
- Qfin Holdings' Gross Margin stood at 85.79% in 2021, then rose by 4 bps to 89.37% in 2022, then dropped by 2 bps to 87.73% in 2023, then increased by 1 bps to 88.31% in 2024, then slipped by 2 bps to 86.55% in 2025.
- According to Business Quant data, Gross Margin over the past three periods registered 86.55%, 86.76%, and 86.46% for Q4 2025, Q3 2025, and Q2 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Visa | 554.71 Bn | 542.31 Bn | - | - |
| 2 | Mastercard | 443.64 Bn | 433.43 Bn | - | - |
| 3 | American Express | 211.69 Bn | 157.65 Bn | 17.43 Bn | 92.17% |
| 4 | Capital One Financial | 115.44 Bn | 38.94 Bn | - | - |
| 5 | PayPal Holdings | 40.47 Bn | 31.13 Bn | 7.84 Bn | 93.80% |
| 6 | Synchrony Financial | 24.65 Bn | 4.09 Bn | - | - |
| 7 | SoFi Technologies | 20.00 Bn | 16.60 Bn | 929.25 Mn | 84.45% |
| 8 | Ally Financial | 13.32 Bn | 12.88 Bn | 1.98 Bn | 94.24% |
| 9 | Eason Technology | 11.55 Bn | 11.54 Bn | - | - |
| 10 | Qfin Holdings | 465.17 Mn | -593.26 Mn | 506.52 Mn | 86.55% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 86.55% |
| Sep 30, 2025 | 86.76% |
| Jun 30, 2025 | 86.46% |
| Mar 31, 2025 | 87.24% |
| Dec 31, 2024 | 88.31% |
| Sep 30, 2024 | 88.51% |
| Jun 30, 2024 | 91.19% |
| Mar 31, 2024 | 90.87% |
| Dec 31, 2023 | 87.73% |
| Sep 30, 2023 | 88.39% |
| Jun 30, 2023 | 91.99% |
| Mar 31, 2023 | 88.61% |
| Dec 31, 2022 | 89.37% |
| Sep 30, 2022 | 84.94% |
| Jun 30, 2022 | 86.64% |
| Mar 31, 2022 | 87.11% |
| Dec 31, 2021 | 85.79% |
| Sep 30, 2021 | 87.49% |
| Jun 30, 2021 | 87.51% |
| Mar 31, 2021 | 90.26% |
| Dec 31, 2020 | 90.52% |
| Sep 30, 2020 | 92.68% |
| Jun 30, 2020 | 91.94% |
| Mar 31, 2020 | 92.99% |
| Dec 31, 2019 | 82.02% |
| Sep 30, 2019 | 65.05% |
| Jun 30, 2019 | 62.34% |
| Mar 31, 2019 | 65.59% |
| Dec 31, 2018 | 69.53% |
| Sep 30, 2018 | 81.47% |
| Jun 30, 2018 | 61.78% |
| Mar 31, 2018 | 61.75% |
| Dec 31, 2017 | 65.67% |