X Financial (XYF) Operating Margin (2017 - 2026)
X Financial's Operating Margin was 19.62% in Q2 2026, down 10.08 percentage points from 29.70% a year earlier but up 7.66 percentage points from the prior quarter.
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Analysis
X Financial (XYF) Operating Margin (2017 - 2026) Analysis & Trends
On a trailing twelve-month basis, X Financial's Operating Margin was 12.82% through Jun 30, 2026, down 17.61 percentage points year-over-year; for FY2025, it was 21.34%, down 10.57 percentage points from FY2024.
- Operating Margin shows a five-year change of +86.56 percentage points (FY2020 to FY2025).
- In earlier years, Operating Margin was 31.91% in FY2024 (+2.05 pp), 29.86% in FY2023 (-0.52 pp), 30.38% in FY2022 (+0.04 pp) and 30.34% in FY2021 (+95.56 pp).
- Quarterly Operating Margin has moved between 1.37% (Q4 2025) and 42.57% (Q3 2021) over five years.
- Compared with a year earlier, Operating Margin has declined for six straight quarters, with an average year-over-year change of -8.24 percentage points over the last eight quarters.
- The best year-over-year quarter for Operating Margin over five years was Q3 2021 (a gain of 24.45 percentage points); the worst was Q4 2021 (a drop of 81.85 percentage points).
- Per Business Quant data, XYF's Operating Margin in the three quarters before Q2 2026 was 11.96% (Q1 2026), 1.37% (Q4 2025) and 18.46% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Block | 52.19 Bn | 23.96 Bn | 3.24 Bn | 6.38% |
| 2 | PayPal Holdings | 50.03 Bn | 8.73 Bn | - | 16.33% |
| 3 | Coinbase Global | 35.13 Bn | -4.52 Bn | - | 5.07% |
| 4 | Fiserv | 33.23 Bn | 30.43 Bn | 2.76 Bn | -105.74% |
| 5 | Corpay | 29.63 Bn | 18.45 Bn | - | 44.96% |
| 6 | Global Payments | 26.81 Bn | 1.63 Bn | 2.01 Bn | 7.45% |
| 7 | Guidewire Software | 13.13 Bn | 9.70 Bn | 269.68 Mn | 15.16% |
| 8 | Chime Financial | 12.34 Bn | 8.03 Bn | 646.07 Mn | 4.78% |
| 9 | Jack Henry & Associates | 12.26 Bn | 12.16 Bn | 273.85 Mn | 21.24% |
| 10 | X Financial | 225.75 Mn | -305.02 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 19.62% |
| Mar 31, 2026 | 11.96% |
| Dec 31, 2025 | 1.37% |
| Sep 30, 2025 | 18.46% |
| Jun 30, 2025 | 29.70% |
| Mar 31, 2025 | 29.57% |
| Dec 31, 2024 | 30.74% |
| Sep 30, 2024 | 32.16% |
| Jun 30, 2024 | 33.74% |
| Mar 31, 2024 | 31.17% |
| Dec 31, 2023 | 21.31% |
| Sep 30, 2023 | 31.12% |
| Jun 30, 2023 | 36.44% |
| Mar 31, 2023 | 30.25% |
| Dec 31, 2022 | 28.67% |
| Sep 30, 2022 | 33.58% |
| Jun 30, 2022 | 23.51% |
| Mar 31, 2022 | 35.36% |
| Dec 31, 2021 | 37.84% |
| Sep 30, 2021 | 42.57% |
API Access
X Financial Operating 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=operating-margin&ticker=XYF&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-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=operating-margin&ticker=XYF&period=max&api_key=YOUR_API_KEY");
const data = await res.json();