Qfin Holdings (QFIN) Net Margin (2016 - 2026)
Qfin Holdings' (QFIN) quarterly Net Margin came in at 11.38% in Q2 2026, down 2186.0% year-over-year from 0.55% in Q2 2025, and down 49.63% quarter-over-quarter from 22.6% in Q1 2026.
Analysis
Qfin Holdings (QFIN) Net Margin (2016 - 2026) Analysis & Trends
Qfin Holdings has disclosed Net Margin across 11 years of filings, most recently posting 11.38% for Q2 2026.
- In Q2 2026, Net Margin fell 2186.0% year-over-year to 11.38%; the TTM figure through Jun 2026 stood at 22.23% (down 1644.0% YoY), while the FY2025 annual figure was 0.0%, changed 0.0% from the prior year.
- Net Margin came in at 11.38% for Q2 2026 at Qfin Holdings, down from 22.6% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 42.76% in Q4 2024 to a low of 11.38% in Q2 2026.
- Average Net Margin over 5 years is 28.1%, with a median of 26.99% recorded in 2022.
- Year-over-year, Net Margin jumped 1803 bps in 2024 and tumbled 2186 bps in 2026.
- Over 5 years, Net Margin stood at 22.32% in 2022, then rose by 11 bps to 24.73% in 2023, then surged by 73 bps to 42.76% in 2024, then plunged by 42 bps to 24.91% in 2025, then slumped by 54 bps to 11.38% in 2026.
- Per Business Quant data, the three most recent Net Margin figures were 11.38% in Q2 2026, 22.6% in Q1 2026, and 24.91% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Upstart Holdings | 2.43 Bn | 1.99 Bn | 303.39 Mn | 4.53% |
| 2 | Pagaya Technologies | 1.70 Bn | 1.51 Bn | 168.33 Mn | 10.94% |
| 3 | Qfin Holdings | 986.27 Mn | -9.51 Mn | - | 11.38% |
| 4 | FinVolution | 836.54 Mn | -90.46 Mn | - | 19.31% |
| 5 | X Financial | 386.17 Mn | -182.14 Mn | 84.09 Mn | 4.73% |
| 6 | Open Lending | 371.20 Mn | 186.25 Mn | 15.64 Mn | -2.24% |
| 7 | Blend Labs | 279.09 Mn | 234.22 Mn | 24.89 Mn | -18.94% |
| 8 | LexinFintech Holdings | 251.25 Mn | 251.25 Mn | 73.06 Mn | 3.18% |
| 9 | Jiayin | 76.25 Mn | 2.23 Mn | - | -34.35% |
| 10 | Antalpha Platform Holding | 76.02 Mn | -813.69 Mn | 11.94 Mn | -102.75% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 11.38% |
| Mar 31, 2026 | 22.60% |
| Dec 31, 2025 | 24.91% |
| Sep 30, 2025 | 27.58% |
| Jun 30, 2025 | 33.24% |
| Mar 31, 2025 | 38.38% |
| Dec 31, 2024 | 42.76% |
| Sep 30, 2024 | 41.25% |
| Jun 30, 2024 | 33.18% |
| Mar 31, 2024 | 28.03% |
| Dec 31, 2023 | 24.73% |
| Sep 30, 2023 | 26.68% |
| Jun 30, 2023 | 28.04% |
| Mar 31, 2023 | 25.95% |
| Dec 31, 2022 | 22.32% |
| Sep 30, 2022 | 23.96% |
| Jun 30, 2022 | 23.42% |
| Mar 31, 2022 | 27.30% |
| Dec 31, 2021 | 29.91% |
| Sep 30, 2021 | 33.91% |