X Financial XYF
NYSE XYF
$4.94 +0.06 (+1.23%)
At close: Sep 18, 2026 · 4:00 PM EDT

X Financial (XYF) Operating Expenses (2017 - 2026)

X Financial (XYF) posted Operating Expenses of $117.7 million for Q2 2026, down 21.59% on a QoQ basis from $150.1 million in Q1 2026, and down 47.24% year-over-year from $223.1 million in Q2 2025.

Analysis

X Financial (XYF) Operating Expenses (2017 - 2026) Analysis & Trends

X Financial has reported Operating Expenses for 10 years, with the latest figure at $117.7 million in Q2 2026.

  • On a quarterly basis, Operating Expenses fell 47.24% year-over-year to $117.7 million in Q2 2026; TTM through Jun 2026 was $699.4 million, a 3.69% decrease from a year earlier, with the FY2025 full-year figure at $859.3 million, up 56.89% from the prior year.
  • Operating Expenses was $117.7 million for Q2 2026 at X Financial, down from $150.1 million in the prior quarter.
  • The five-year high for Operating Expenses was $224.6 million in Q3 2025, with the low at $83.5 million in Q3 2022.
  • Average Operating Expenses over 5 years is $139.2 million, with a median of $128.5 million recorded in 2023.
  • The sharpest annual moves came in 2022 and 2026: Operating Expenses soared 332.83% in 2022, then plunged 47.24% in 2026.
  • Over 5 years, Operating Expenses stood at $98.8 million in 2022, then soared by 33.74% to $132.2 million in 2023, then rose by 22.67% to $162.1 million in 2024, then advanced by 27.68% to $207.0 million in 2025, then tumbled by 43.14% to $117.7 million in 2026.
  • The last three Operating Expenses figures came in at $117.7 million (Q2 2026), $150.1 million (Q1 2026), and $207.0 million (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Upstart Holdings 2.43 Bn 1.99 Bn 303.39 Mn 350.07 Mn
2 Pagaya Technologies 1.70 Bn 1.51 Bn 168.33 Mn 281.24 Mn
3 Qfin Holdings 986.27 Mn -9.51 Mn - 354.54 Mn
4 FinVolution 836.54 Mn -90.46 Mn - -423.57 Mn
5 X Financial 386.17 Mn -182.14 Mn 84.09 Mn 117.70 Mn
6 Open Lending 371.20 Mn 186.25 Mn 15.64 Mn 16.27 Mn
7 Blend Labs 279.09 Mn 234.22 Mn 24.89 Mn 26.46 Mn
8 LexinFintech Holdings 251.25 Mn 251.25 Mn 73.06 Mn -88.58 Mn
9 Jiayin 76.25 Mn 2.23 Mn - -144.96 Mn
10 Antalpha Platform Holding 76.02 Mn -813.69 Mn 11.94 Mn 37.28 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 117.70 Mn
Mar 31, 2026 150.11 Mn
Dec 31, 2025 207.01 Mn
Sep 30, 2025 224.61 Mn
Jun 30, 2025 223.08 Mn
Mar 31, 2025 188.05 Mn
Dec 31, 2024 162.14 Mn
Sep 30, 2024 152.98 Mn
Jun 30, 2024 125.16 Mn
Mar 31, 2024 115.15 Mn
Dec 31, 2023 132.18 Mn
Sep 30, 2023 131.87 Mn
Jun 30, 2023 106.98 Mn
Mar 31, 2023 102.06 Mn
Dec 31, 2022 98.84 Mn
Sep 30, 2022 83.53 Mn
Jun 30, 2022 94.13 Mn
Mar 31, 2022 90.59 Mn
Dec 31, 2021 22.84 Mn
Sep 30, 2021 43.44 Mn