Qfin Holdings (QFIN) Gross Margin (2017 - 2026)
Qfin Holdings (QFIN) posted Gross Margin of 87.97% for Q1 2026, up 1.65% sequentially from 86.55% in Q4 2025, and up 73.0% YoY from 50.85% in Q1 2025.
Qfin Holdings (QFIN) Gross Margin (2017 - 2026) Analysis & Trends
Qfin Holdings (QFIN) has 10 years of Gross Margin data on file, last reported at 87.97% in Q1 2026.
- Quarterly Gross Margin rose 73.0% year-over-year to 87.97% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 86.89% (down 186.0% YoY) and the FY2025 annual result came in at 84.8%, up 170.0% from the prior year.
- Gross Margin rose to 87.97% in Q1 2026 per QFIN's latest filing, from 86.55% in the prior quarter.
- The five-year high for Gross Margin was 91.99% in Q2 2023, with the low at 84.94% in Q3 2022.
- Average Gross Margin over 5 years is 88.15%, with a median of 87.97% recorded in 2026.
- Year-over-year, Gross Margin soared 535 bps in 2023 and sank 474 bps in 2025.
- Qfin Holdings' Gross Margin stood at 89.37% in 2022, then fell by 2 bps to 87.73% in 2023, then gained by 1 bps to 88.31% in 2024, then declined by 2 bps to 86.55% in 2025, then gained by 2 bps to 87.97% in 2026.
- Business Quant data shows QFIN's Gross Margin at 87.97% in Q1 2026, 86.55% in Q4 2025, and 86.76% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Visa | 587.74 Bn | 575.34 Bn | - | - |
| 2 | Mastercard | 465.55 Bn | 455.34 Bn | - | - |
| 3 | American Express | 238.39 Bn | 184.35 Bn | 17.43 Bn | 92.17% |
| 4 | PayPal Holdings | 40.24 Bn | 30.89 Bn | 7.84 Bn | 93.80% |
| 5 | Affirm Holdings | 28.27 Bn | 26.55 Bn | 261.64 Mn | 78.22% |
| 6 | SoFi Technologies | 23.54 Bn | 20.13 Bn | 929.25 Mn | 84.45% |
| 7 | Ally Financial | 14.34 Bn | 13.89 Bn | 1.98 Bn | 94.24% |
| 8 | Credit Acceptance | 7.51 Bn | 7.49 Bn | 562.70 Mn | 97.03% |
| 9 | FinVolution | 6.22 Bn | 4.97 Bn | 311.24 Mn | 71.98% |
| 10 | Qfin Holdings | 3.99 Bn | -935.70 Bn | 498.57 Mn | 87.97% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 87.97% |
| Dec 31, 2025 | 86.55% |
| Sep 30, 2025 | 86.76% |
| Jun 30, 2025 | 86.46% |
| Mar 31, 2025 | 87.39% |
| 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 | 88.27% |
| 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% |