Qfin Holdings (QFNHF) Operating Expenses (2017 - 2026)
Qfin Holdings' (QFNHF) quarterly Operating Expenses came in at $424.8 million in Q1 2026, up 13.51% year-on-year from $374.3 million in Q1 2025, and down 7.89% quarter-over-quarter from $461.2 million in Q4 2025.
Qfin Holdings (QFNHF) Operating Expenses (2017 - 2026) Analysis & Trends
Qfin Holdings has disclosed Operating Expenses across 10 years of filings, most recently posting $424.8 million for Q1 2026.
- Operating Expenses for Q1 2026 came in at $424.8 million, up 13.51% year-over-year; the trailing twelve-month figure through Mar 2026 was $1.8 billion (up 36.46% YoY), and the FY2025 annual result was $1.8 billion, up 35.68% from the prior year.
- Operating Expenses came in at $424.8 million for Q1 2026 at Qfin Holdings, down from $461.2 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $492.4 million in Q3 2025 to a low of $296.5 million in Q3 2024.
- The 5-year median for Operating Expenses is $419.7 million (2022), against an average of $406.7 million.
- Across the five-year window, Operating Expenses fell 25.19% in 2024 and jumped 66.06% in 2025, its largest moves.
- Qfin Holdings' Operating Expenses stood at $429.5 million in 2022, then advanced by 5.45% to $453.0 million in 2023, then slipped by 21.61% to $355.1 million in 2024, then rose by 29.89% to $461.2 million in 2025, then slipped by 7.89% to $424.8 million in 2026.
- The last three Operating Expenses figures came in at $424.8 million (Q1 2026), $461.2 million (Q4 2025), and $492.4 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Visa | 541.66 Bn | 529.25 Bn | - | 4.00 Bn |
| 2 | Mastercard | 437.55 Bn | 427.34 Bn | - | 3.49 Bn |
| 3 | American Express | 212.80 Bn | 158.76 Bn | 17.43 Bn | 13.88 Bn |
| 4 | Capital One Financial | 112.47 Bn | 35.97 Bn | - | 8.46 Bn |
| 5 | PayPal Holdings | 37.70 Bn | 28.36 Bn | 7.84 Bn | 6.87 Bn |
| 6 | Synchrony Financial | 24.26 Bn | 3.70 Bn | - | 1.32 Bn |
| 7 | Affirm Holdings | 21.24 Bn | 19.51 Bn | 261.64 Mn | 950.34 Mn |
| 8 | SoFi Technologies | 20.46 Bn | 17.06 Bn | 929.25 Mn | 891.92 Mn |
| 9 | Ally Financial | 13.30 Bn | 12.86 Bn | 1.98 Bn | 1.24 Bn |
| 10 | Qfin Holdings | - | - | 498.57 Mn | 424.83 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 424.83 Mn |
| Dec 31, 2025 | 461.22 Mn |
| Sep 30, 2025 | 492.44 Mn |
| Jun 30, 2025 | 429.91 Mn |
| Mar 31, 2025 | 374.27 Mn |
| Dec 31, 2024 | 355.09 Mn |
| Sep 30, 2024 | 296.54 Mn |
| Jun 30, 2024 | 299.30 Mn |
| Mar 31, 2024 | 386.28 Mn |
| Dec 31, 2023 | 452.96 Mn |
| Sep 30, 2023 | 396.40 Mn |
| Jun 30, 2023 | 376.87 Mn |
| Mar 31, 2023 | 377.45 Mn |
| Dec 31, 2022 | 429.55 Mn |
| Sep 30, 2022 | 419.75 Mn |
| Jun 30, 2022 | 473.63 Mn |
| Mar 31, 2022 | 467.05 Mn |
| Dec 31, 2021 | 461.43 Mn |
| Sep 30, 2021 | 422.00 Mn |
| Jun 30, 2021 | 332.75 Mn |