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
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% |