Qfin Holdings (QFIN) Operating Expenses (2017 - 2026)
Qfin Holdings (QFIN) reported Operating Expenses of $354.54 million for Q2 2026, down 17.5% from $429.91 million a year earlier and down 16.5% from the prior quarter.
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Analysis
Qfin Holdings (QFIN) Operating Expenses (2017 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Qfin Holdings' Operating Expenses came in at $1.73 billion, up 19.0% year-over-year; for FY2025, it was $1.79 billion, up 35.7% from FY2024.
- Operating Expenses has a five-year compound annual growth rate of 3.6% (FY2020 to FY2025).
- By year, Operating Expenses came in at $1.32 billion in FY2024 (-18.0%), $1.61 billion in FY2023 (-8.1%), $1.75 billion in FY2022 (+13.3%) and $1.55 billion in FY2021 (+3.2%).
- The Q2 2026 figure ranks as the lowest quarterly Operating Expenses since Q3 2024.
- Year over year, Operating Expenses gained in four of the last eight quarters, with growth averaging 10.7%.
- The high point for year-over-year Operating Expenses in five years was Q3 2025 (growth of 66.1%); the low point was Q3 2024 (a decline of 25.2%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $424.83 million (Q1 2026), $461.22 million (Q4 2025) and $492.44 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | PayPal Holdings | 50.08 Bn | 8.30 Bn | - | 7.26 Bn |
| 2 | Block | 46.71 Bn | 18.00 Bn | 3.17 Bn | 2.72 Bn |
| 3 | Coinbase Global | 45.00 Bn | 1.80 Bn | - | 1.33 Bn |
| 4 | Corpay | 26.84 Bn | 16.72 Bn | - | 260.40 Mn |
| 5 | Fiserv | 25.68 Bn | 22.36 Bn | 2.90 Bn | 4.28 Bn |
| 6 | Global Payments | 22.94 Bn | 732.47 Mn | 2.03 Bn | 2.98 Bn |
| 7 | Guidewire Software | 15.52 Bn | 12.08 Bn | 269.68 Mn | 207.36 Mn |
| 8 | Bitmine Immersion Technologies | 12.62 Bn | 10.00 Bn | 40.81 Mn | 52.67 Mn |
| 9 | Chime Financial | 11.56 Bn | 7.35 Bn | 594.87 Mn | 573.55 Mn |
| 10 | Qfin Holdings | 726.87 Mn | -3.84 Bn | - | 354.54 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 354.54 Mn |
| Mar 31, 2026 | 424.83 Mn |
| Dec 31, 2025 | 461.22 Mn |
| Sep 30, 2025 | 492.44 Mn |
| Jun 30, 2025 | 429.91 Mn |
| Mar 31, 2025 | 374.27 Mn |
| Dec 31, 2024 | 355.09 Mn |
| Sep 30, 2024 | 296.54 Mn |
| Jun 30, 2024 | 299.30 Mn |
| Mar 31, 2024 | 386.28 Mn |
| Dec 31, 2023 | 452.96 Mn |
| Sep 30, 2023 | 396.40 Mn |
| Jun 30, 2023 | 376.87 Mn |
| Mar 31, 2023 | 377.45 Mn |
| Dec 31, 2022 | 416.56 Mn |
| Sep 30, 2022 | 419.75 Mn |
| Jun 30, 2022 | 473.63 Mn |
| Mar 31, 2022 | 467.05 Mn |
| Dec 31, 2021 | 459.92 Mn |
| Sep 30, 2021 | 422.00 Mn |
API Access
Qfin Holdings Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=QFIN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "QFIN", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=QFIN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();