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

X Financial (XYF) has reported Operating Expenses for 9 consecutive years, with $207.0 million the latest figure, recorded in 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 came in at $207.0 million for Q4 2025 at X Financial, down from $224.6 million in the prior quarter.
• The five-year high for Operating Expenses was $224.6 million in Q3 2025, with the low at $80.3 million in Q4 2021.
• Average Operating Expenses over 5 years is $129.8 million, with a median of $111.1 million recorded in 2023.
• Across the five-year window, Operating Expenses tumbled 66.7% in 2021 and soared 78.24% in 2025, its largest moves.
• Year by year, Operating Expenses stood at $80.3 million in 2021, then climbed by 23.06% to $98.8 million in 2022, then surged by 33.74% to $132.2 million in 2023, then advanced by 22.67% to $162.1 million in 2024, then grew by 27.68% to $207.0 million in 2025.
• According to Business Quant data, Operating Expenses over the past three periods registered $207.0 million, $224.6 million, and $223.1 million for Q4 2025, Q3 2025, and Q2 2025 respectively.