X Financial (XYF) Operating Expenses (2017 - 2025)

X Financial's Operating Expenses history runs 9 years deep, the most recent figure standing at $207.0 million for Q4 2025.

• In Q4 2025, Operating Expenses rose 27.68% year-over-year to $207.0 million; the TTM figure through Dec 2025 stood at $842.8 million (up 51.73% YoY), while the FY2025 annual figure was $859.3 million, up 56.89% from the prior year.
• Operating Expenses was $207.0 million for Q4 2025 at X Financial, down from $224.6 million in the prior quarter.
• In the past five years, Operating Expenses ranged from a high of $224.6 million in Q3 2025 to a low of $80.3 million in Q4 2021.
• Historically, Operating Expenses has averaged $129.8 million across 5 years, with a median of $111.1 million in 2023.
• The sharpest annual moves came in 2021 and 2025: Operating Expenses slumped 66.7% in 2021, then soared 78.24% in 2025.
• A 5-year view of Operating Expenses shows it stood at $80.3 million in 2021, then rose by 23.06% to $98.8 million in 2022, then surged by 33.74% to $132.2 million in 2023, then increased by 22.67% to $162.1 million in 2024, then gained by 27.68% to $207.0 million in 2025.
• The last three Operating Expenses figures came in at $207.0 million (Q4 2025), $224.6 million (Q3 2025), and $223.1 million (Q2 2025), per Business Quant data.