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| Date | Value |
|---|---|
| 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 |