Qfin Holdings QFIN
NASDAQ QFIN
$8.09 -0.20 (-2.41%)
At close: Sep 18, 2026 · 4:00 PM EDT

Qfin Holdings (QFIN) Operating Expenses (2016 - 2026)

Qfin Holdings' (QFIN) quarterly Operating Expenses came in at $354.5 million in Q2 2026, down 17.53% year-over-year from $429.9 million in Q2 2025, and down 16.55% quarter-over-quarter from $424.8 million in Q1 2026.

Analysis

Qfin Holdings (QFIN) Operating Expenses (2016 - 2026) Analysis & Trends

Qfin Holdings has disclosed Operating Expenses across 11 years of filings, most recently posting $354.5 million for Q2 2026.

  • In Q2 2026, Operating Expenses fell 17.53% year-over-year to $354.5 million; the TTM figure through Jun 2026 stood at $1.7 billion (up 19.04% YoY), while the FY2025 annual figure was $1.8 billion, up 35.68% from the prior year.
  • Operating Expenses came in at $354.5 million for Q2 2026 at Qfin Holdings, down from $424.8 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $492.4 million in Q3 2025 to a low of $296.5 million in Q3 2024.
  • Average Operating Expenses over 5 years is $403.8 million, with a median of $408.1 million recorded in 2022.
  • Year-over-year, Operating Expenses retreated 25.19% in 2024 and surged 66.06% in 2025.
  • Over 5 years, Operating Expenses stood at $429.5 million in 2022, then advanced by 5.45% to $453.0 million in 2023, then slipped by 21.61% to $355.1 million in 2024, then rose by 29.89% to $461.2 million in 2025, then decreased by 23.13% to $354.5 million in 2026.
  • Per Business Quant data, the three most recent Operating Expenses figures were $354.5 million in Q2 2026, $424.8 million in Q1 2026, and $461.2 million in Q4 2025.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Upstart Holdings 2.43 Bn 1.99 Bn 303.39 Mn 350.07 Mn
2 Pagaya Technologies 1.70 Bn 1.51 Bn 168.33 Mn 281.24 Mn
3 Qfin Holdings 986.27 Mn -9.51 Mn - 354.54 Mn
4 FinVolution 836.54 Mn -90.46 Mn - -423.57 Mn
5 X Financial 386.17 Mn -182.14 Mn 84.09 Mn 117.70 Mn
6 Open Lending 371.20 Mn 186.25 Mn 15.64 Mn 16.27 Mn
7 Blend Labs 279.09 Mn 234.22 Mn 24.89 Mn 26.46 Mn
8 LexinFintech Holdings 251.25 Mn 251.25 Mn 73.06 Mn -88.58 Mn
9 Jiayin 76.25 Mn 2.23 Mn - -144.96 Mn
10 Antalpha Platform Holding 76.02 Mn -813.69 Mn 11.94 Mn 37.28 Mn
Historic Data

Historic Data

Download Data
DateValue
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 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