Qfin Holdings (QFNHF) Cost of Revenue (2017 - 2026)

Qfin Holdings' (QFNHF) quarterly Cost of Revenue came in at $66.1 million in Q1 2026, down 18.91% year-on-year from $81.5 million in Q1 2025, and down 16.05% quarter-over-quarter from $78.7 million in Q4 2025.

Qfin Holdings (QFNHF) Cost of Revenue (2017 - 2026) Analysis & Trends

Qfin Holdings has disclosed Cost of Revenue across 10 years of filings, most recently posting $66.1 million for Q1 2026.

  • Cost of Revenue for Q1 2026 came in at $66.1 million, down 18.91% year-over-year; the trailing twelve-month figure through Mar 2026 was $330.7 million (up 25.49% YoY), and the FY2025 annual result was $429.3 million, up 8.02% from the prior year.
  • Cost of Revenue came in at $66.1 million for Q1 2026 at Qfin Holdings, down from $78.7 million in the prior quarter.
  • In the past five years, Cost of Revenue ranged from a high of $93.4 million in Q3 2025 to a low of $50.4 million in Q2 2024.
  • The 5-year median for Cost of Revenue is $72.6 million (2023), against an average of $73.6 million.
  • Across the five-year window, Cost of Revenue tumbled 38.93% in 2022 and jumped 83.48% in 2025, its largest moves.
  • Qfin Holdings' Cost of Revenue stood at $60.2 million in 2022, then climbed by 29.06% to $77.7 million in 2023, then retreated by 7.61% to $71.8 million in 2024, then gained by 9.68% to $78.7 million in 2025, then decreased by 16.05% to $66.1 million in 2026.
  • The last three Cost of Revenue figures came in at $66.1 million (Q1 2026), $78.7 million (Q4 2025), and $93.4 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 Visa 541.66 Bn 529.25 Bn - -
2 Mastercard 437.55 Bn 427.34 Bn - -
3 American Express 212.80 Bn 158.76 Bn 17.43 Bn 1.48 Bn
4 Capital One Financial 112.47 Bn 35.97 Bn - 1.50 Bn
5 PayPal Holdings 37.70 Bn 28.36 Bn 7.84 Bn 518.00 Mn
6 Synchrony Financial 24.26 Bn 3.70 Bn - -
7 Affirm Holdings 21.24 Bn 19.51 Bn 261.64 Mn 72.85 Mn
8 SoFi Technologies 20.46 Bn 17.06 Bn 929.25 Mn 171.12 Mn
9 Ally Financial 13.30 Bn 12.86 Bn 1.98 Bn 121.00 Mn
10 Qfin Holdings - - 498.57 Mn 66.10 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 66.10 Mn
Mar 31, 2026 66.10 Mn
Dec 31, 2025 78.73 Mn
Dec 31, 2025 78.73 Mn
Sep 30, 2025 93.39 Mn
Sep 30, 2025 93.39 Mn
Jun 30, 2025 92.51 Mn
Jun 30, 2025 92.51 Mn
Mar 31, 2025 81.51 Mn
Mar 31, 2025 81.51 Mn
Dec 31, 2024 71.78 Mn
Dec 31, 2024 71.78 Mn
Sep 30, 2024 59.84 Mn
Sep 30, 2024 59.84 Mn
Jun 30, 2024 50.42 Mn
Jun 30, 2024 50.42 Mn
Mar 31, 2024 57.56 Mn
Mar 31, 2024 57.56 Mn
Dec 31, 2023 77.69 Mn
Dec 31, 2023 77.69 Mn