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

X Financial's Operating Margin history runs 9 years deep, the most recent figure standing at 1.37% for Q4 2025.

• In Q4 2025, Operating Margin fell 2936.0% year-over-year to 1.37%; the TTM figure through Dec 2025 stood at 21.21% (down 1070.0% YoY), while the FY2025 annual figure was 21.34%, down 1057.0% from the prior year.
• Operating Margin for Q4 2025 stood at 1.37%, down from 18.46% in the prior quarter.
• The five-year high for Operating Margin was 42.57% in Q3 2021, with the low at 1.37% in Q4 2025.
• The 5-year median for Operating Margin is 30.93% (2023), against an average of 29.57%.
• Peak annual rise in Operating Margin reached 2445 bps in 2021, while the deepest fall reached 8185 bps in 2021.
• X Financial's Operating Margin stood at 37.84% in 2021, then retreated by 24 bps to 28.67% in 2022, then dropped by 26 bps to 21.31% in 2023, then soared by 44 bps to 30.74% in 2024, then slumped by 96 bps to 1.37% in 2025.
• Business Quant data shows XYF's Operating Margin at 1.37% in Q4 2025, 18.46% in Q3 2025, and 29.7% in Q2 2025.