Qfin Holdings (QFIN) Operating Margin (2017 - 2025)
Qfin Holdings recorded quarterly Operating Margin of 21.19% in Q4 2025, down 35.1% quarter-over-quarter from 32.66% in Q3 2025, and down 2098.0% year-over-year from 1.06% in Q4 2024.
Qfin Holdings' Operating Margin history runs 9 years deep, the most recent figure standing at 21.19% for Q4 2025.
- In Q4 2025, Operating Margin fell 2098.0% year-over-year to 21.19%; the TTM figure through Dec 2025 stood at 34.68% (down 924.0% YoY), while the FY2025 annual figure was 34.77%, down 908.0% from the prior year.
- Operating Margin came in at 21.19% for Q4 2025 at Qfin Holdings, down from 32.66% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 52.38% in Q3 2024 to a low of 21.19% in Q4 2025.
- A 5-year average of 35.15% and a median of 32.75% in 2024 frame the typical range for Operating Margin.
- Across the five-year window, Operating Margin soared 3750 bps in 2021 and slumped 2215 bps in 2022, its largest moves.
- Qfin Holdings' Operating Margin stood at 33.5% in 2021, then fell by 28 bps to 24.16% in 2022, then increased by 18 bps to 28.46% in 2023, then jumped by 48 bps to 42.17% in 2024, then slumped by 50 bps to 21.19% in 2025.
- According to Business Quant data, Operating Margin over the past three periods registered 21.19%, 32.66%, and 40.96% for Q4 2025, Q3 2025, and Q2 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Visa | 554.71 Bn | 542.31 Bn | - | 64.42% |
| 2 | Mastercard | 443.64 Bn | 433.43 Bn | - | 58.43% |
| 3 | American Express | 211.69 Bn | 157.65 Bn | 17.43 Bn | 18.77% |
| 4 | Capital One Financial | 115.44 Bn | 38.94 Bn | - | - |
| 5 | PayPal Holdings | 40.47 Bn | 31.13 Bn | 7.84 Bn | 17.81% |
| 6 | Synchrony Financial | 24.65 Bn | 4.09 Bn | - | - |
| 7 | SoFi Technologies | 20.00 Bn | 16.60 Bn | 929.25 Mn | 3.39% |
| 8 | Ally Financial | 13.32 Bn | 12.88 Bn | 1.98 Bn | 35.49% |
| 9 | Eason Technology | 11.55 Bn | 11.54 Bn | - | - |
| 10 | Qfin Holdings | 465.17 Mn | -593.26 Mn | 506.52 Mn | 21.19% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 21.19% |
| Sep 30, 2025 | 32.66% |
| Jun 30, 2025 | 40.96% |
| Mar 31, 2025 | 42.10% |
| Dec 31, 2024 | 42.17% |
| Sep 30, 2024 | 52.38% |
| Jun 30, 2024 | 47.72% |
| Mar 31, 2024 | 32.84% |
| Dec 31, 2023 | 28.46% |
| Sep 30, 2023 | 32.44% |
| Jun 30, 2023 | 30.18% |
| Mar 31, 2023 | 27.98% |
| Dec 31, 2022 | 24.16% |
| Sep 30, 2022 | 27.95% |
| Jun 30, 2022 | 24.16% |
| Mar 31, 2022 | 31.46% |
| Dec 31, 2021 | 33.50% |
| Sep 30, 2021 | 41.05% |
| Jun 30, 2021 | 46.31% |
| Mar 31, 2021 | 43.28% |
| Dec 31, 2020 | 37.19% |
| Sep 30, 2020 | 37.03% |
| Jun 30, 2020 | 29.74% |
| Mar 31, 2020 | 5.79% |
| Dec 31, 2019 | 10.92% |
| Sep 30, 2019 | 36.48% |
| Jun 30, 2019 | 37.25% |
| Mar 31, 2019 | 42.78% |
| Dec 31, 2018 | 44.37% |
| Sep 30, 2018 | 59.68% |
| Jun 30, 2018 | -4.22% |
| Mar 31, 2018 | 35.61% |
| Dec 31, 2017 | 44.01% |