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

X Financial (XYF) has reported Operating Margin for 9 consecutive years, with 1.37% the latest figure, recorded in 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 came in at 1.37% for Q4 2025 at X Financial, 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.
• Average Operating Margin over 5 years is 29.57%, with a median of 30.93% recorded in 2023.
• The largest YoY upside for Operating Margin was 2445 bps in 2021 against a maximum downside of 8185 bps in 2021.
• Year by year, Operating Margin stood at 37.84% in 2021, then declined by 24 bps to 28.67% in 2022, then decreased by 26 bps to 21.31% in 2023, then jumped by 44 bps to 30.74% in 2024, then plunged by 96 bps to 1.37% in 2025.
• According to Business Quant data, Operating Margin over the past three periods registered 1.37%, 18.46%, and 29.7% for Q4 2025, Q3 2025, and Q2 2025 respectively.