Qfin Holdings QFIN
NASDAQ QFIN
$8.09 -0.20 (-2.41%)
At close: Sep 18, 2026 · 4:00 PM EDT

Qfin Holdings (QFIN) Gross Margin (2016 - 2022)

Qfin Holdings' (QFIN) quarterly Gross Margin came in at 85.46% in Q4 2022, down 126.0% year-over-year from 328.7% in Q4 2021, and up 1.13% quarter-over-quarter from 84.51% in Q3 2022.

Analysis

Qfin Holdings (QFIN) Gross Margin (2016 - 2022) Analysis & Trends

Qfin Holdings has disclosed Gross Margin across 7 years of filings, most recently posting 85.46% for Q4 2022.

  • In Q4 2022, Gross Margin fell 126.0% year-over-year to 85.46%; the TTM figure through Dec 2022 stood at 89.5% (up 611.0% YoY), while the FY2025 annual figure was 83.19%, up 8.0% from the prior year.
  • Gross Margin came in at 85.46% for Q4 2022 at Qfin Holdings, up from 84.51% in the prior quarter.
  • In the past five years, Gross Margin ranged from a high of 89.08% in Q1 2020 to a low of 76.6% in Q2 2018.
  • Average Gross Margin over 5 years is 85.6%, with a median of 86.4% recorded in 2019.
  • The largest YoY upside for Gross Margin was 975 bps in 2019 against a maximum downside of 473 bps in 2019.
  • Over 5 years, Gross Margin stood at 85.6% in 2018, then retreated by 6 bps to 80.88% in 2019, then gained by 7 bps to 86.89% in 2020, then declined by 0 bps to 86.72% in 2021, then dropped by 1 bps to 85.46% in 2022.
  • Per Business Quant data, the three most recent Gross Margin figures were 85.46% in Q4 2022, 84.51% in Q3 2022, and 86.72% in Q4 2021.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 Upstart Holdings 2.43 Bn 1.99 Bn 303.39 Mn 83.19%
2 Pagaya Technologies 1.70 Bn 1.51 Bn 168.33 Mn 43.49%
3 Qfin Holdings 986.27 Mn -9.51 Mn - -
4 FinVolution 836.54 Mn -90.46 Mn - -
5 X Financial 386.17 Mn -182.14 Mn 84.09 Mn 57.43%
6 Open Lending 371.20 Mn 186.25 Mn 15.64 Mn 76.31%
7 Blend Labs 279.09 Mn 234.22 Mn 24.89 Mn 73.54%
8 LexinFintech Holdings 251.25 Mn 251.25 Mn 73.06 Mn 15.55%
9 Jiayin 76.25 Mn 2.23 Mn - -
10 Antalpha Platform Holding 76.02 Mn -813.69 Mn 11.94 Mn 97.79%
Historic Data

Historic Data

Download Data
DateValue
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%