X Financial (XYF) Cost of Revenue (2017 - 2026)
X Financial's Cost of Revenue was $62.05 million in Q2 2026, down 13.5% from $71.75 million a year earlier and down 11.8% from the prior quarter.
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Analysis
X Financial (XYF) Cost of Revenue (2017 - 2026) Analysis & Trends
On a trailing twelve-month basis, X Financial's Cost of Revenue was $278.77 million through Jun 30, 2026, up 6.3% year-over-year; for FY2025, it came in at $288.93 million, up 21.3% from FY2024.
- Cost of Revenue shows a five-year compound annual growth rate of -1.9% (FY2020 to FY2025).
- In earlier years, Cost of Revenue was $238.12 million in FY2024 (+9.0%), $218.48 million in FY2023 (-29.1%), $308.35 million in FY2022 (+0.1%) and $308.04 million in FY2021 (-3.0%).
- The Q2 2026 figure marks the lowest quarterly Cost of Revenue since Q4 2024.
- Compared with a year earlier, Cost of Revenue was higher in five of the last eight quarters, with an average decline of 2.6%.
- The best year-over-year quarter for Cost of Revenue over five years was Q3 2023 (growth of 46.3%); the worst was Q4 2024 (a decline of 43.5%).
- Per Business Quant data, XYF's Cost of Revenue in the three quarters before Q2 2026 was $70.36 million (Q1 2026), $72.27 million (Q4 2025) and $74.09 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | PayPal Holdings | 49.15 Bn | 7.38 Bn | - | - |
| 2 | Block | 45.94 Bn | 17.20 Bn | 3.17 Bn | 3.45 Bn |
| 3 | Coinbase Global | 43.38 Bn | 184.17 Mn | - | - |
| 4 | Corpay | 26.82 Bn | 17.02 Bn | - | - |
| 5 | Fiserv | 26.51 Bn | 23.21 Bn | 2.90 Bn | 2.40 Bn |
| 6 | Global Payments | 22.01 Bn | 453.00 Mn | 2.03 Bn | 1.29 Bn |
| 7 | Iren | 18.95 Bn | 6.55 Bn | 103.89 Mn | 33.34 Mn |
| 8 | Guidewire Software | 15.50 Bn | 12.06 Bn | 269.68 Mn | 141.41 Mn |
| 9 | Bitmine Immersion Technologies | 12.97 Bn | 10.35 Bn | 40.81 Mn | 5.73 Mn |
| 10 | X Financial | 378.36 Mn | -1.11 Bn | 84.09 Mn | 62.05 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 62.05 Mn |
| Mar 31, 2026 | 70.36 Mn |
| Dec 31, 2025 | 72.27 Mn |
| Sep 30, 2025 | 74.09 Mn |
| Jun 30, 2025 | 71.75 Mn |
| Mar 31, 2025 | 65.28 Mn |
| Dec 31, 2024 | 60.14 Mn |
| Sep 30, 2024 | 65.20 Mn |
| Jun 30, 2024 | 57.12 Mn |
| Mar 31, 2024 | 59.08 Mn |
| Dec 31, 2023 | 106.37 Mn |
| Sep 30, 2023 | 111.17 Mn |
| Jun 30, 2023 | 92.36 Mn |
| Mar 31, 2023 | 92.29 Mn |
| Dec 31, 2022 | 85.36 Mn |
| Sep 30, 2022 | 75.98 Mn |
| Jun 30, 2022 | 79.58 Mn |
| Mar 31, 2022 | 73.27 Mn |
| Dec 31, 2021 | 60.54 Mn |
| Sep 30, 2021 | 75.09 Mn |
API Access
X Financial Cost of Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=XYF&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "XYF", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=XYF&period=max&api_key=YOUR_API_KEY");
const data = await res.json();