LexinFintech Holdings (LX) investor relations material

Executive summary

• Revenue rose 16% quarter over quarter to RMB3.6 billion, with net income up 19% sequentially and 126% year over year to RMB511 million, the highest in 14 quarters.

• Total loan origination/GMV reached RMB53 billion, a 2.4% quarter-over-quarter increase.

• Management reaffirmed full-year guidance for strong year-over-year net income growth, emphasizing asset quality and profitability.

• Dividend payout ratio will increase to 30% of net income for H2 2025, with a US$50–60 million share repurchase and CEO's personal share purchase up to US$10 million.

• Achieved high-quality growth with a business model focused on data analytics, risk management, and refined operations, despite macroeconomic uncertainties.

Financial highlights

• Net income attributable to shareholders was RMB511 million, up 126% year over year; adjusted net income was RMB541 million, up 116%.

• Total operating revenue was RMB3,587 million, down 1.5% year over year; gross profit was RMB1,273 million, down from RMB1,348 million.

• Credit facilitation service income fell 15% year over year to RMB2,270 million; tech-empowerment service income rose 55.3% to RMB830 million; e-commerce platform service income rose 11.5% to RMB487 million.

• Change in fair value of financial guarantee derivatives and loans at fair value was a gain of RMB184 million, compared to a loss of RMB368 million a year ago.

• E-commerce GMV grew 80% quarter over quarter and more than doubled year over year; e-commerce gross profit up 71% to RMB97 million.

Outlook and guidance

• Maintains full-year guidance for significant year-over-year profit growth despite macroeconomic uncertainties.

• Expects stable business scale, further risk reduction, and sustained profit growth in Q3.

• Focus remains on asset quality, ecosystem synergy, and operational refinement to sustain profitability recovery.

• Anticipates strong sequential GMV growth for e-commerce business.