Qfin Holdings (QFIN) Operating Expenses (2017 - 2026)
Qfin Holdings (QFIN) posted Operating Expenses of $424.8 million for Q1 2026, down 7.89% sequentially from $461.2 million in Q4 2025, and up 13.51% YoY from $374.3 million in Q1 2025.
Qfin Holdings (QFIN) Operating Expenses (2017 - 2026) Analysis & Trends
Qfin Holdings has reported Operating Expenses for 10 years, with the latest figure at $424.8 million in Q1 2026.
- Quarterly Operating Expenses rose 13.51% year-over-year to $424.8 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $1.8 billion (up 36.46% YoY) and the FY2025 annual result came in at $1.8 billion, up 35.68% from the prior year.
- Operating Expenses slipped to $424.8 million in Q1 2026 per QFIN's latest filing, from $461.2 million in the prior quarter.
- Over five years, Operating Expenses peaked at $492.4 million in Q3 2025 and troughed at $296.5 million in Q3 2024.
- A 5-year average of $406.7 million and a median of $419.7 million in 2022 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2024 and 2025: Operating Expenses decreased 25.19% in 2024, then soared 66.06% in 2025.
- Over 5 years, Operating Expenses stood at $429.5 million in 2022, then grew by 5.45% to $453.0 million in 2023, then declined by 21.61% to $355.1 million in 2024, then advanced by 29.89% to $461.2 million in 2025, then declined by 7.89% to $424.8 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $424.8 million, $461.2 million, and $492.4 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Visa | 618.21 Bn | 605.85 Bn | - | 4.76 Bn |
| 2 | Mastercard | 506.53 Bn | 493.04 Bn | - | 3.69 Bn |
| 3 | American Express | 232.32 Bn | 183.00 Bn | 17.99 Bn | 14.48 Bn |
| 4 | Capital One Financial | 136.19 Bn | 81.48 Bn | - | 9.04 Bn |
| 5 | PayPal Holdings | 52.34 Bn | 41.08 Bn | - | 7.26 Bn |
| 6 | Eason Technology | 35.89 Bn | 35.89 Bn | - | - |
| 7 | Synchrony Financial | 26.09 Bn | 9.90 Bn | - | 1.33 Bn |
| 8 | Affirm Holdings | 25.93 Bn | 24.20 Bn | - | 950.34 Mn |
| 9 | SoFi Technologies | 23.04 Bn | 22.68 Bn | -41.62 Mn | 891.92 Mn |
| 10 | Qfin Holdings | 3.17 Bn | -125.16 Bn | - | 424.83 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 | 429.55 Mn |
| Sep 30, 2022 | 419.75 Mn |
| Jun 30, 2022 | 473.63 Mn |
| Mar 31, 2022 | 467.05 Mn |
| Dec 31, 2021 | 461.43 Mn |
| Sep 30, 2021 | 422.00 Mn |
| Jun 30, 2021 | 332.75 Mn |