Qfin Holdings (QFIN) Research & Development (2017 - 2026)

Qfin Holdings (QFIN) posted Research & Development of $66.1 million for Q1 2026, down 16.05% sequentially from $78.7 million in Q4 2025, and down 18.91% YoY from $81.5 million in Q1 2025.

Qfin Holdings (QFIN) Research & Development (2017 - 2026) Analysis & Trends

Qfin Holdings has reported Research & Development for 10 years, with the latest figure at $66.1 million in Q1 2026.

  • Quarterly Research & Development fell 18.91% year-over-year to $66.1 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $330.7 million (up 25.49% YoY) and the FY2025 annual result came in at $353.1 million, up 49.35% from the prior year.
  • Research & Development retreated to $66.1 million in Q1 2026 per QFIN's latest filing, from $78.7 million in the prior quarter.
  • Over five years, Research & Development peaked at $93.4 million in Q3 2025 and troughed at $50.4 million in Q2 2024.
  • A 5-year average of $73.6 million and a median of $72.6 million in 2023 frame the typical range for Research & Development.
  • The sharpest annual moves came in 2022 and 2025: Research & Development tumbled 38.93% in 2022, then soared 83.48% in 2025.
  • Over 5 years, Research & Development stood at $60.2 million in 2022, then increased by 29.06% to $77.7 million in 2023, then slipped by 7.61% to $71.8 million in 2024, then climbed by 9.68% to $78.7 million in 2025, then dropped by 16.05% to $66.1 million in 2026.
  • According to Business Quant data, Research & Development over the past three periods registered $66.1 million, $78.7 million, and $93.4 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 Visa 618.21 Bn 605.85 Bn - 280.00 Mn
2 Mastercard 506.53 Bn 493.04 Bn - -
3 American Express 232.32 Bn 183.00 Bn 17.99 Bn 1.76 Bn
4 Capital One Financial 136.19 Bn 81.48 Bn - 489.00 Mn
5 PayPal Holdings 52.34 Bn 41.08 Bn - 849.00 Mn
6 Eason Technology 35.89 Bn 35.89 Bn - -
7 Synchrony Financial 26.09 Bn 9.90 Bn - 248.00 Mn
8 Affirm Holdings 25.93 Bn 24.20 Bn - 72.85 Mn
9 SoFi Technologies 23.04 Bn 22.68 Bn -41.62 Mn 335.54 Mn
10 Qfin Holdings 3.17 Bn -125.16 Bn - 66.10 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 66.10 Mn
Dec 31, 2025 78.73 Mn
Sep 30, 2025 93.39 Mn
Jun 30, 2025 92.51 Mn
Mar 31, 2025 81.51 Mn
Dec 31, 2024 71.78 Mn
Sep 30, 2024 59.84 Mn
Jun 30, 2024 50.42 Mn
Mar 31, 2024 57.56 Mn
Dec 31, 2023 77.69 Mn
Sep 30, 2023 72.59 Mn
Jun 30, 2023 60.19 Mn
Mar 31, 2023 61.47 Mn
Dec 31, 2022 60.20 Mn
Sep 30, 2022 87.74 Mn
Jun 30, 2022 91.83 Mn
Mar 31, 2022 87.17 Mn
Dec 31, 2021 98.57 Mn
Sep 30, 2021 89.59 Mn
Jun 30, 2021 77.43 Mn