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 (QFIN) has 10 years of Operating Expenses data on file, last reported 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.
  • The five-year high for Operating Expenses was $492.4 million in Q3 2025, with the low at $296.5 million in Q3 2024.
  • Average Operating Expenses over 5 years is $406.7 million, with a median of $419.7 million recorded in 2022.
  • Year-over-year, Operating Expenses dropped 25.19% in 2024 and surged 66.06% in 2025.
  • Qfin Holdings' Operating Expenses stood at $429.5 million in 2022, then increased by 5.45% to $453.0 million in 2023, then fell by 21.61% to $355.1 million in 2024, then climbed by 29.89% to $461.2 million in 2025, then fell by 7.89% to $424.8 million in 2026.
  • Business Quant data shows QFIN's Operating Expenses at $424.8 million in Q1 2026, $461.2 million in Q4 2025, and $492.4 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Visa 587.74 Bn 575.34 Bn - 4.00 Bn
2 Mastercard 465.55 Bn 455.34 Bn - 3.49 Bn
3 American Express 238.39 Bn 184.35 Bn 17.43 Bn 13.88 Bn
4 PayPal Holdings 40.24 Bn 30.89 Bn 7.84 Bn 6.87 Bn
5 Affirm Holdings 28.27 Bn 26.55 Bn 261.64 Mn 950.34 Mn
6 SoFi Technologies 23.54 Bn 20.13 Bn 929.25 Mn 891.92 Mn
7 Ally Financial 14.34 Bn 13.89 Bn 1.98 Bn 1.24 Bn
8 Credit Acceptance 7.51 Bn 7.49 Bn 562.70 Mn 422.90 Mn
9 FinVolution 6.22 Bn 4.97 Bn 311.24 Mn -363.39 Mn
10 Qfin Holdings 3.99 Bn -935.70 Bn 498.57 Mn 424.83 Mn

Historic Data

Download Data
DateValue
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 332.48 Mn