Qfin Holdings (QFNHF) Gross Margin (2017 - 2026)
Qfin Holdings' (QFNHF) quarterly Gross Margin came in at 87.97% in Q1 2026, up 73.0% year-on-year from 50.85% in Q1 2025, and up 1.65% quarter-over-quarter from 86.55% in Q4 2025.
Qfin Holdings (QFNHF) Gross Margin (2017 - 2026) Analysis & Trends
Qfin Holdings has disclosed Gross Margin across 10 years of filings, most recently posting 87.97% for Q1 2026.
- Gross Margin for Q1 2026 came in at 87.97%, up 73.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 86.89% (down 186.0% YoY), and the FY2025 annual result was 85.92%, up 282.0% from the prior year.
- Gross Margin came in at 87.97% for Q1 2026 at Qfin Holdings, up from 86.55% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 91.99% in Q2 2023 to a low of 84.94% in Q3 2022.
- The 5-year median for Gross Margin is 87.97% (2026), against an average of 88.15%.
- Across the five-year window, Gross Margin surged 535 bps in 2023 and tumbled 474 bps in 2025, its largest moves.
- Qfin Holdings' Gross Margin stood at 89.37% in 2022, then slipped by 2 bps to 87.73% in 2023, then grew by 1 bps to 88.31% in 2024, then decreased by 2 bps to 86.55% in 2025, then grew by 2 bps to 87.97% in 2026.
- The last three Gross Margin figures came in at 87.97% (Q1 2026), 86.55% (Q4 2025), and 86.76% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (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 | 92.17% |
| 4 | Capital One Financial | 112.47 Bn | 35.97 Bn | - | - |
| 5 | PayPal Holdings | 37.70 Bn | 28.36 Bn | 7.84 Bn | 93.80% |
| 6 | Synchrony Financial | 24.26 Bn | 3.70 Bn | - | - |
| 7 | Affirm Holdings | 21.24 Bn | 19.51 Bn | 261.64 Mn | 78.22% |
| 8 | SoFi Technologies | 20.46 Bn | 17.06 Bn | 929.25 Mn | 84.45% |
| 9 | Ally Financial | 13.30 Bn | 12.86 Bn | 1.98 Bn | 94.24% |
| 10 | Qfin Holdings | - | - | 498.57 Mn | 87.97% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 87.97% |
| Dec 31, 2025 | 86.55% |
| Sep 30, 2025 | 86.76% |
| Jun 30, 2025 | 86.46% |
| Mar 31, 2025 | 87.24% |
| Dec 31, 2024 | 88.31% |
| Sep 30, 2024 | 88.51% |
| Jun 30, 2024 | 91.19% |
| Mar 31, 2024 | 90.87% |
| Dec 31, 2023 | 87.73% |
| Sep 30, 2023 | 88.39% |
| Jun 30, 2023 | 91.99% |
| Mar 31, 2023 | 88.61% |
| Dec 31, 2022 | 89.37% |
| Sep 30, 2022 | 84.94% |
| Jun 30, 2022 | 86.64% |
| Mar 31, 2022 | 87.11% |
| Dec 31, 2021 | 85.79% |
| Sep 30, 2021 | 87.49% |
| Jun 30, 2021 | 87.51% |