LX on Nasdaq

LexinFintech Holdings Ltd.

LexinFintech Holdings Ltd. is a finance services company, Cayman Islands, active since 2013.2 It is headquartered in 深圳市, China.2 Its shares trade on Nasdaq under the symbol LX.2

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Last updated Oct 20, 2026.

Overview

$1.9BRevenue, fiscal 20253
$239.8MNet income, fiscal 20253

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  • TickerLX on Nasdaq2
  • IndustryFinance Services2
  • Headquarters深圳市, China2
  • Incorporated inCayman Islands4
  • Business address27/F, Ces Tower, 3099 Ke Yuan South Road, Nanshan District, Shenzhen4
  • Filer categoryAccelerated filer4
  • Legal formcompany limited by shares2
  • LEI549300F9QU71NQ28CS192
  • StatusActive2
  • LEI statusIssued and current2
  • Registered addressPO Box 309, KY1-1104 George Town, Cayman Islands2
  • Registered withGeneral Registry, OS-2829962

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On December 21, 2017, our ADSs commenced trading on Nasdaq under the symbol “LX.” We raised from our initial public offering of approximately US$108.4 million in net proceeds (including the net proceeds generated from the offering of additional 1,800,000 ADSs upon the underwriters’ exercise of their over-allotment option in full) after deducting underwriting commissions and the offering expenses payable by us.5 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

34.0%Gross margin3
12.8%Net margin3
-3.3%Revenue growth, 20253
14.0%Return on equity3
0.05×Debt to equity3
$466.4MFree cash flow3

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Loan Facilitation And Servicing Fees-Credit Oriented And Performance Based brought in 39% of the revenue LexinFintech Holdings Ltd. broke down this way in fiscal 2025.

  1. Loan Facilitation And Servicing Fees-Credit Oriented And Performance Based5.3B CNY339%down 27% from 2024
  2. Credit Facilitation Service Income5.0B CNY336%down 21% from 2024
  3. Tech-Empowerment Service Income2.1B CNY315%up 11% from 2024
  4. Installment E-Commerce Platform Service Income1.4B CNY310%up 11% from 2024
Products and services by year
Products and services202320242025
Loan Facilitation And Servicing Fees-Credit Oriented And Performance Based6.0B CNY7.2B CNY5.3B CNY
Credit Facilitation Service Income5.0B CNY6.3B CNY5.0B CNY
Tech-Empowerment Service Income1.6B CNY1.9B CNY2.1B CNY
Installment E-Commerce Platform Service Income1.6B CNY1.2B CNY1.4B CNY

Business segments

Credit Facilitation Service Income brought in 73% of the revenue LexinFintech Holdings Ltd. broke down this way in fiscal 2025.

  1. Credit Facilitation Service Income9.6B CNY373%down 13% from 2024
  2. Tech-Empowerment Service Income2.1B CNY316%up 11% from 2024
  3. Installment E-commerce Platform Service1.5B CNY311%up 14% from 2024
Business segments by year
Business segments202320242025
Credit Facilitation Service Income9.7B CNY11.0B CNY9.6B CNY
Tech-Empowerment Service Income1.6B CNY1.9B CNY2.1B CNY
Installment E-commerce Platform Service1.8B CNY1.3B CNY1.5B CNY

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue66¢$1.2B
  • Research and development5¢$85.1M
  • Other costs13¢$253.8M
  • Interest0¢$3.3M
  • Income tax3¢$57.0M
  • Profit13¢$239.8M

Out of $1.9B in revenue.3

Where each dollar of operating cash went, fiscal 2025

  • Capital spending10¢$50.5M
  • Dividends paid11¢$54.8M
  • Share buybacks6¢$28.9M
  • Kept or used elsewhere74¢$382.7M

Out of $516.9M of cash from operations.3

Financial statements

Revenue67891011123$1.9B in 2025+70% since 2018
0$500.0M$1.0B$1.5B$2.0B2018: $1.1B$1.1B20182019: $1.5B$1.5B2019+38%2020: $1.8B$1.8B2020+17%2021: $1.8B$1.8B2021+0%2022: $1.4B$1.4B2022−20%2023: $1.8B$1.8B2023+29%2024: $1.9B$1.9B2024+6%2025: $1.9B$1.9B2025−3%
Gross profit67891011123$639.0M in 2025+46% since 2018
0$250.0M$500.0M$750.0M$1.0B2018: $438.1M$438.1M20182019: $717.4M$717.4M2019+64%2020: $556.8M$556.8M2020−22%2021: $902.2M$902.2M2021+62%2022: $440.0M$440.0M2022−51%2023: $635.7M$635.7M2023+44%2024: $688.6M$688.6M2024+8%2025: $639.0M$639.0M2025−7%
Net income67891011123$239.8M in 2025−17% since 2018
0$100.0M$200.0M$300.0M$400.0M2018: $287.6M$287.6M20182019: $329.6M$329.6M2019+15%2020: $91.2M$91.2M2020−72%2021: $366.3M$366.3M2021+302%2022: $119.7M$119.7M2022−67%2023: $150.1M$150.1M2023+25%2024: $150.8M$150.8M2024+0%2025: $239.8M$239.8M2025+59%

Every line of the income statement as filed: the last 3 fiscal years, latest first.3

Period ending2025-12-312024-12-312023-12-31
Operating revenue13.2B CNY14.2B CNY13.1B CNY
Cost of sales-1.2B CNY-1.3B CNY-1.6B CNY
Funding cost-229.0M CNY-326.5M CNY-513.9M CNY
Processing and servicing cost (including collection service fee from related parties of RMB14,753, RMB35,561 and RMB40,314 for the years ended December 31, 2023, 2024 and 2025, respectively)-2.4B CNY-2.3B CNY-1.9B CNY
Provision for financing receivables-1.0B CNY-865.5M CNY-627.1M CNY
Provision for contract assets and receivables-614.4M CNY-718.4M CNY-629.3M CNY
Provision for contingent guarantee liabilities-3.2B CNY-3.7B CNY-3.2B CNY
Total operating cost-8.7B CNY-9.2B CNY-8.5B CNY
Gross profit4.5B CNY5.0B CNY4.5B CNY
Sales and marketing expenses-1.9B CNY-1.8B CNY-1.7B CNY
Research and development expenses-595.3M CNY-578.2M CNY-513.3M CNY
General and administrative expenses-361.8M CNY-374.5M CNY-387.4M CNY
Total operating expenses-2.9B CNY-2.7B CNY-2.6B CNY
Change in fair value of financial guarantee derivatives and loans at fair value508.2M CNY-979.2M CNY-206.4M CNY
Interest expense, net-22.7M CNY-9.0M CNY-50.5M CNY
Investment loss-21.9M CNY-2.4M CNY-303.2M CNY
Others, net19.5M CNY58.2M CNY7.8M CNY
Income before income tax2.1B CNY1.4B CNY1.3B CNY
Income tax expense-398.5M CNY-253.3M CNY-260.8M CNY
Net income1.7B CNY1.1B CNY1.1B CNY
Net income attributable to ordinary shareholders of the Company1.7B CNY1.1B CNY1.1B CNY
Diluted4.72 CNY3.24 CNY3.17 CNY
Basic338.9M shares331.4M shares328.5M shares
Diluted355.1M shares339.3M shares359.8M shares
Share-based compensation expenses96.2M CNY94.6M CNY117.9M CNY
Collection service fee from a related party40.3M CNY35.6M CNY14.8M CNY
Service fee from a related party13.4M CNY4.4M CNY0 CNY

Compare LexinFintech Holdings Ltd. with another company

Corporate structure

LexinFintech Holdings Ltd. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of LexinFintech Holdings Ltd.

  • Yi Wu Filed SCHEDULE 13D/A on LexinFintech Holdings Ltd., latest Jul 6, 2026 (2 filings since Jan 8, 2024)
  • Wenjie Xiao Filed SCHEDULE 13G/A on LexinFintech Holdings Ltd., latest May 15, 2026 (4 filings since Feb 14, 2022)
  • FIL Ltd Filed SCHEDULE 13G/A on LexinFintech Holdings Ltd., latest May 12, 2025 (4 filings since Feb 9, 2023)
  • KPartners Ltd Filed SC 13D/A on LexinFintech Holdings Ltd., latest Sep 18, 2024 (5 filings since Jul 12, 2023)
  • Pacific Alliance Group Ltd Filed SC 13D/A on LexinFintech Holdings Ltd., latest Nov 17, 2023 (9 filings since Mar 20, 2023)
  • OLP CAPITAL MANAGEMENT Ltd Filed SC 13G/A on LexinFintech Holdings Ltd., latest Feb 14, 2023 (2 filings since Mar 3, 2022)
  • OceanLink Partners Fund, LP Filed SC 13G/A on LexinFintech Holdings Ltd., latest Feb 14, 2022 (2 filings since Feb 14, 2022)
  • LexinFintech Holdings Ltd. 深圳市, China

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What LexinFintech Holdings Ltd. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation1.3B CNY3 Dec 31, 2025992.1M CNY3 Dec 31, 2024+35.0%
Accumulated depreciation444.4M CNY3 Dec 31, 2025379.0M CNY3 Dec 31, 2024+17.3%
Property and equipment, net$128.0M3 Dec 31, 2025$84.0M12 Dec 31, 2024+52.4%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$308.3M3 Dec 31, 2025$322.3M3 Dec 31, 2024−4.4%
Marketable securities, current$11.0M12 Dec 31, 2024$28.2M11 Dec 31, 2023−61.1%
Stakes in other companies (equity method)0 CNY3 Dec 31, 202513.8M CNY3 Dec 31, 2024−100.0%
Long-term investments$34.9M3 Dec 31, 2025$38.9M12 Dec 31, 2024−10.4%

Intangibles and goodwill

ItemLatestA year beforeChange
Intangible assets, net (excluding goodwill)$118.5M3 Dec 31, 2025$118.2M12 Dec 31, 2024+0.2%
Finite-lived intangibles, gross1.0B CNY3 Dec 31, 20251.0B CNY3 Dec 31, 20240%
Accumulated amortization203.5M CNY3 Dec 31, 2025169.1M CNY3 Dec 31, 2024+20.3%
Finite-lived intangibles, net828.5M CNY3 Dec 31, 2025862.9M CNY3 Dec 31, 2024−4.0%

Inventory

ItemLatestA year beforeChange
Inventory, total$3.4M3 Dec 31, 2025$3.1M12 Dec 31, 2024+12.7%

Leadership

Who has led LexinFintech Holdings Ltd., and when. Pick a name to see everywhere that person has worked.

Chief financial officer

  1. James Zheng2026–now
Board members and other officers (5)

Timeline

  1. Nov 22, 2013Founded LexinFintech Holdings Ltd. is founded2

Calendar

Coming up

  1. Nov 23, 2026Reports results for the quarter ending Sep/202617

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

88 filings to the SEC since October 2021: 5 annual reports, 11 insider forms, 28 large holders, 44 other. The latest 20:

  1. Aug 31, 20266-K EDGAR
  2. Aug 21, 20264 EDGAR
  3. Jul 6, 2026SCHEDULE 13D/A EDGAR
  4. May 26, 20266-K EDGAR
  5. May 15, 2026SCHEDULE 13G/A EDGAR
  6. Apr 29, 202620-F EDGAR
  7. Apr 27, 20263/A EDGAR
  8. Apr 27, 20263/A EDGAR
  9. Apr 27, 20263/A EDGAR
  10. Mar 19, 20266-K EDGAR
  11. Mar 18, 20263 EDGAR
  12. Mar 18, 20263 EDGAR
  13. Mar 18, 20263 EDGAR
  14. Mar 18, 20263 EDGAR
  15. Mar 18, 20263 EDGAR
  16. Mar 18, 20263 EDGAR
  17. Mar 18, 20263 EDGAR
  18. Nov 26, 2025144 EDGAR
  19. Nov 24, 20256-K EDGAR
  20. Sep 19, 2025144 EDGAR

The 88 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 80. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Brilliance Asset Management Ltd3,800,265$7.5M2.2%No change
Principal Financial Group Inc3,339,172$6.6M0.0%−39,937
Goldman Sachs Group Inc3,273,385$6.4M0.0%−253,151
BlackRock, Inc.3,142,508$6.2M0.0%−81,556
Vanguard Capital Management LLC3,099,498$6.1M0.0%−609,923
Bank Of America Corp /de/2,525,696$5.0M0.0%−1,128,195
Two Sigma Investments, LP2,283,689$4.5M0.0%−67,500
Oasis Management Co Ltd.1,744,075$3.4M0.4%No change
Nomura Holdings Inc1,714,073$3.4M0.0%No change
D. E. Shaw & Co., Inc.1,668,076$3.3M0.0%−1,143,748
Dimensional Fund Advisors LP1,477,906$2.9M0.0%−301,833
Manufacturers Life Insurance Company, The1,287,000$2.5M0.0%No change
American Century Companies Inc855,997$1.7M0.0%+33,120
Vanguard Fiduciary Trust Co789,304$1.6M0.0%−195,137
Barclays PLC719,918$1.4M0.0%−663,079
Allianz Asset Management GmbH637,722$1.4M0.0%No change
Millennium Management LLC697,025$1.4M0.0%+635,467
UBS Group AG585,275$1.2M0.0%+99,961
Marshall Wace, Llp574,521$1.1M0.0%+109,832
Citadel Advisors LLC331,004$652.1K0.0%+282,819
Morgan Stanley308,772$608.3K0.0%−390,053
Susquehanna International Group, Llp267,293$526.6K0.0%+11,881
Renaissance Technologies LLC264,100$520.3K0.0%−1,064,162
California Public Employees Retirement System248,473$489.5K0.0%+117,144
State Street Corp204,540$402.9K0.0%−921,670

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How LexinFintech Holdings Ltd. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARLexinFintech Holdings Ltd.1
  • CIK0001708259
  • Filer statusAccelerated filer not an emerging growth company; not a shell company5
  • Incorporated inCayman Islands5
  • Fiscal year endsDecember 311
  • Industry code (SIC)6199 Finance Services1
  • SEC reviewing officeOffice of Finance, Division of Corporation Finance1
  • Business address27/F, Ces Tower, 3099 Ke Yuan South Road, Nanshan District, Shenzhen, China1
  • Phone86755336887881
  • Shares outstanding335,001,831 Common Stock shares; 263,659,604 Common Class A shares; 71,342,227 Common Class B shares as of Dec 31, 20255
  • AuditorPricewaterhouseCoopers Zhong Tian LLP, Beijing PCAOB ID 1424; it also attests to the company’s internal control over financial reporting5
  • On EDGAR sinceJul 18, 20171
  • Filings181 in all: 6-K (61), SC 13G/A (18), SC 13D/A (16), UPLOAD (11), CORRESP (10), 20-F (9), 144 (8), SC 13G (8)1
    All 24 form types

    3 (7), DRSLTR (5), F-1/A (5), DRS/A (4), 3/A (3), SC 13D (3), SCHEDULE 13G/A (3), S-8 (2), 4 (1), 424B4 (1), 8-A12B (1), CERT (1), DRS (1), EFFECT (1), F-1 (1), SCHEDULE 13D/A (1)

  • Latest filingsAnnual report (20-F) Apr 29, 2026

Securities registered for trading

ClassSymbolExchange
American depositary shares (one American depositary share representing two Class A ordinary shares, par value US$0.0001 per share)LXThe Nasdaq Stock Market LLC
Class A ordinary shares, par value US$0.0001 per share*LXThe Nasdaq Stock Market LLC

From the cover page of the 20-F filed Apr 29, 2026 (Section 12(b) of the Exchange Act).5

Sources

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