X Financial (XYF) Gross Margin (2017 - 2025)

X Financial (XYF) has reported Gross Margin for 9 consecutive years, with 65.57% the latest figure, recorded in Q4 2025.

• In Q4 2025, Gross Margin fell 874.0% year-over-year to 65.57%; the TTM figure through Dec 2025 stood at 73.15% (up 276.0% YoY), while the FY2025 annual figure was 71.57%, up 6.0% from the prior year.
• Gross Margin came in at 65.57% for Q4 2025 at X Financial, down from 72.71% in the prior quarter.
• The five-year high for Gross Margin was 76.65% in Q2 2025, with the low at 35.89% in Q2 2022.
• Average Gross Margin over 5 years is 58.15%, with a median of 63.98% recorded in 2023.
• Across the five-year window, Gross Margin soared 7219 bps in 2021 and sank 1475 bps in 2022, its largest moves.
• Year by year, Gross Margin stood at 53.15% in 2021, then retreated by 28 bps to 38.39% in 2022, then decreased by 4 bps to 36.68% in 2023, then jumped by 103 bps to 74.31% in 2024, then dropped by 12 bps to 65.57% in 2025.
• According to Business Quant data, Gross Margin over the past three periods registered 65.57%, 72.71%, and 76.65% for Q4 2025, Q3 2025, and Q2 2025 respectively.