X Financial (XYF) Gross Margin (2017 - 2026)
X Financial's Gross Margin was 57.43% in Q2 2026, down 19.96 percentage points from 77.39% a year earlier and down 1.06 percentage points from the prior quarter.
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Analysis
X Financial (XYF) Gross Margin (2017 - 2026) Analysis & Trends
On a trailing twelve-month basis, X Financial's Gross Margin was 65.03% through Jun 30, 2026, down 9.84 percentage points year-over-year; for FY2025, it was 71.57%, up 0.06 percentage points from FY2024.
- Gross Margin has now increased for three consecutive years, with a five-year change of +66.33 percentage points (FY2020 to FY2025).
- In earlier years, Gross Margin was 71.51% in FY2024 (+3.73 pp), 67.78% in FY2023 (+27.47 pp), 40.31% in FY2022 (-14.27 pp) and 54.58% in FY2021 (+49.34 pp).
- The Q2 2026 figure marks the lowest quarterly Gross Margin since Q4 2023.
- Compared with a year earlier, Gross Margin has declined for three straight quarters, with an average year-over-year change of +1.41 percentage points over the last eight quarters.
- The best year-over-year quarter for Gross Margin over five years was Q3 2021 (a gain of 50.08 percentage points); the worst was Q2 2026 (a drop of 19.96 percentage points).
- Per Business Quant data, XYF's Gross Margin in the three quarters before Q2 2026 was 58.49% (Q1 2026), 65.57% (Q4 2025) and 72.71% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Block | 52.19 Bn | 23.96 Bn | 3.24 Bn | 48.15% |
| 2 | PayPal Holdings | 50.03 Bn | 8.73 Bn | - | - |
| 3 | Coinbase Global | 35.13 Bn | -4.52 Bn | - | - |
| 4 | Fiserv | 33.23 Bn | 30.43 Bn | 2.76 Bn | 53.06% |
| 5 | Corpay | 29.63 Bn | 18.45 Bn | - | - |
| 6 | Global Payments | 26.81 Bn | 1.63 Bn | 2.01 Bn | 60.78% |
| 7 | Guidewire Software | 13.13 Bn | 9.70 Bn | 269.68 Mn | 65.60% |
| 8 | Chime Financial | 12.34 Bn | 8.03 Bn | 646.07 Mn | 89.98% |
| 9 | Jack Henry & Associates | 12.26 Bn | 12.16 Bn | 273.85 Mn | 42.52% |
| 10 | X Financial | 225.75 Mn | -305.02 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 57.63% |
| Mar 31, 2026 | 58.73% |
| Dec 31, 2025 | 65.57% |
| Sep 30, 2025 | 73.10% |
| Jun 30, 2025 | 77.39% |
| Mar 31, 2025 | 75.55% |
| Dec 31, 2024 | 74.31% |
| Sep 30, 2024 | 71.09% |
| Jun 30, 2024 | 69.76% |
| Mar 31, 2024 | 64.69% |
| Dec 31, 2023 | 36.68% |
| Sep 30, 2023 | 41.94% |
| Jun 30, 2023 | 45.12% |
| Mar 31, 2023 | 36.93% |
| Dec 31, 2022 | 38.39% |
| Sep 30, 2022 | 39.59% |
| Jun 30, 2022 | 35.33% |
| Mar 31, 2022 | 47.71% |
| Dec 31, 2021 | 53.15% |
| Sep 30, 2021 | 49.83% |
API Access
X Financial Gross Margin 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=gross-margin&ticker=XYF&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "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=gross-margin&ticker=XYF&period=max&api_key=YOUR_API_KEY");
const data = await res.json();