Skip to content
ES
MARKETS / NASDAQ / QFIN
NASDAQ · FINANCE SERVICES · LARGE CAP

Qfin Holdings, Inc. QFIN

9 fiscal years on record · CNY · FY2025 reported · SEC filings only
CNY 19.2B
▲ 11.9% YoY
CNY 6.0B
▼ 4.4% YoY
CNY 10.8B
▲ 18.0% YoY
In brief

What this company does

The company provides technology solutions that help financial institutions identify the credit needs of consumers and small and medium-sized enterprises, access prospective borrowers, assess credit risk, and manage collections. As of December 31, 2025, the company had cumulatively facilitated approximately RMB2,539.1 billion (US$363.1 billion) of loans to 38.9 million borrowers, and had 63.6 million users with approved credit lines. It matches users with credit demand to a pool of financial institutions with credit to supply, through both credit-driven services and platform services. Under its credit-driven services, it matches prospective borrowers with financial institutions and supports those institutions in borrower acquisition, credit assessment, fund matching and post-facilitation services. Its platform services include loan facilitation and post-facilitation services through its capital-light model, intelligent marketing services to financial institution partners, referral services and other technology solutions. The company was established in 2016 and operates a Credit-Tech platform in China, with the Qifu Jietiao app as its primary user interface.

Written from the business description in Qfin Holdings, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 27 April 2026. Every sentence was checked against that document before publication.

Growth
CNY 19.2B
Revenue, FY2025 · full 9-year series below
Revenue CNY B Net income CNY B
FY2025 · Revenue 19.2 · Net income 6.0
8B16B201720182019202020212022202320242025
Compound annual growth
+5.1%
+7.2%
+14.3%
+11.3%
+20.8%
+14.1%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +7.2% a year over five years — but profit grew faster: net income at +11.3%, earnings per share at +14.1%.

The share count fell from 0.30B to 0.24B — the buyback concentrates the same profit into fewer slices.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
31 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 34.8% · Net 31.1%
20%40%201720182019202020212022202320242025
ROE
FY2025 · ROE 24.7%
20%40%201720182019202020212022202320242025
Gross margin84.4%
Operating margin34.8%
Net margin31.1%
Return on assets11.4%
EBITDACNY 6.7B

Each CNY of equity produced 25 cents of profit this year.

Cash & shareholders
CNY 4.8B
returned in FY2025 · dividends + net buybacks
Free cash flow CNY B
FY2025 · FCF 10.8
4B8B201720182019202020212022202320242025
Net buybacks CNY B Dividends CNY B
FY2025 · Dividends — · Net buybacks 4.8
2B4B202320242025
Dividends paid—
Net buybacksCNY 4.8B
Share of profit81.1%
Consecutive raises—

CNY 4.8B in buybacks — 81% of the year's profit went back to shareholders.

Total assetsCNY 56.9B
EquityCNY 24.1B
CashCNY 4.7B
Current ratio2.43×

Equity funds 42% of total assets.

The 9-year record
9 fiscal years
Every figure from documents filed with the SEC · CNY

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 202520242023202220212020201920182017
Revenue CNY B19.217.216.316.616.613.69.24.40.8
Operating income CNY B6.77.54.94.56.83.82.91.60.2
EBITDA CNY B6.77.64.94.56.93.82.91.6·
Income tax CNY B1.41.61.00.71.30.60.50.50.0
Net income CNY B6.06.24.34.05.83.52.51.20.2
Free cash flow CNY B10.89.27.05.95.85.32.90.3−0.1
EPS, diluted CNY 22.0120.6413.0412.5017.9911.408.31−9.39·
Dividend / sh CNY ·········
Payout %·········
ROE %24.727.120.923.546.741.942.946.146.2
Shares out B0.240.280.320.320.310.300.290.29·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Compare

This company against its peers

Qfin Holdings, Inc.vsFinVolution GroupSame industry: Finance ServicesQfin Holdings, Inc.vsLufax Holding Ltd.Same industry: Finance ServicesQfin Holdings, Inc.vsLexinFintech Holdings Ltd.Same industry: Finance ServicesQfin Holdings, Inc.vsX FinancialSame industry: Finance ServicesQfin Holdings, Inc.vsJiayin Group Inc.Same industry: Finance ServicesQfin Holdings, Inc.vsHigh Templar Tech Ltd.Same industry: Finance ServicesQfin Holdings, Inc.vsYiren Digital Ltd.Same industry: Finance Services
Provenance
Company facts, as filed
How we verify · 1 failures in 36 reconciliationsAUDITED

Reconciled in 9 of 19 fiscal years. 50 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente1 failures
ActivityFinance Services
Listed onNASDAQ
Incorporated inoutside the United States — SEC code E9
Fiscal year endsDecember 31
Data on record since2016

Share this section

Download image