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
DateValue
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