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
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 332.75 Mn