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| 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 | 332.48 Mn |