Qfin Holdings (QFIN) Operating Margin (2017 - 2026)
Qfin Holdings (QFIN) recorded Operating Margin of 32.55% in Q2 2026, down 8.40 percentage points from 40.96% a year earlier but up 7.51 percentage points from the prior quarter.
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Analysis
Qfin Holdings (QFIN) Operating Margin (2017 - 2026) Analysis & Trends
On a TTM basis, Qfin Holdings' Operating Margin came in at 28.06% as of Jun 30, 2026, down 16.19 percentage points year-over-year; for FY2025, it came in at 34.77%, down 9.08 percentage points from FY2024.
- Annual Operating Margin has a five-year change of +6.83 percentage points (FY2020 to FY2025).
- Across earlier years, Operating Margin came in at 43.86% in FY2024 (+14.04 pp), 29.82% in FY2023 (+2.80 pp), 27.02% in FY2022 (-13.78 pp) and 40.79% in FY2021 (+12.85 pp).
- Quarterly Operating Margin has ranged from 21.19% in Q4 2025 to 52.38% in Q3 2024 over the past five years.
- On a year-over-year basis, Operating Margin has declined for five consecutive quarters, with an average year-over-year change of -3.75 percentage points over the last eight quarters.
- Peak year-over-year performance for Operating Margin in the last five years was a gain of 19.94 percentage points in Q3 2024, against a drop of 22.15 percentage points in Q2 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at 25.04% (Q1 2026), 21.19% (Q4 2025) and 32.66% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Block | 52.19 Bn | 23.96 Bn | 3.24 Bn | 6.38% |
| 2 | PayPal Holdings | 50.03 Bn | 8.73 Bn | - | 16.33% |
| 3 | Coinbase Global | 35.13 Bn | -4.52 Bn | - | 5.07% |
| 4 | Fiserv | 33.23 Bn | 30.43 Bn | 2.76 Bn | -105.74% |
| 5 | Corpay | 29.63 Bn | 18.45 Bn | - | 44.96% |
| 6 | Global Payments | 26.81 Bn | 1.63 Bn | 2.01 Bn | 7.45% |
| 7 | Guidewire Software | 13.13 Bn | 9.70 Bn | 269.68 Mn | 15.16% |
| 8 | Chime Financial | 12.34 Bn | 8.03 Bn | 646.07 Mn | 4.78% |
| 9 | Jack Henry & Associates | 12.26 Bn | 12.16 Bn | 273.85 Mn | 21.24% |
| 10 | Qfin Holdings | 736.86 Mn | -3.04 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 32.55% |
| Mar 31, 2026 | 25.04% |
| 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% |
API Access
Qfin Holdings Operating Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-margin&ticker=QFIN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "QFIN", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=QFIN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();