LexinFintech Holdings Ltd., a leading technology-empowered personal financial service enabler in China, has announced its unaudited financial results for the quarter ended March 31, 2025. The Company’s unaudited financial results show that net income for the first quarter exceeded RMB430 million, surpassing its highest level for the past 13 quarters. This strong growth is a result of the Company’s continued improvement across key performance indicators, including risk management and refined operations. Mr. Jay Wenjie Xiao, Chairman and Chief Executive Officer of Lexin, commented, “The continued improvement across key performance indicators marks the success of our transformation towards a business model driven by data analytics, risk management, and refined operations.”
The Company’s user base has continued to grow, with a total number of registered users reaching 232 million as of March 31, 2025, representing an increase of 8.1% from 215 million as of March 31, 2024. Lexin’s loan facilitation business has also seen significant growth, with total loan originations reaching RMB1,376.7 billion as of March 31, 2025, an increase of 17.6% from RMB1,171.1 billion as of March 31, 2024. The Company’s credit performance has also improved, with a 90-day+ delinquency ratio of 3.3% as of March 31, 2025, as compared with 3.6% as of December 31, 2024. In addition to its financial performance, Lexin has also made significant progress in its technology empowerment service, with over 95 business customers served as of March 31, 2025. The Company’s installment e-commerce platform service has also seen growth, with GMV reaching RMB1,126 million in the first quarter of 2025, representing an increase of 24.7% from RMB903 million in the first quarter of 2024. **First Quarter 2025 Operational Highlights**
* **User Base**: Total number of registered users reached 232 million as of March 31, 2025, representing an increase of 8.1% from 215 million as of March 31, 2024. * **Loan Facilitation Business**: Total loan originations reached RMB1,376.7 billion as of March 31, 2025, an increase of 17.6% from RMB1,171.1 billion as of March 31, 2024. * **Credit Performance**: 90-day+ delinquency ratio was 3.3% as of March 31, 2025, as compared with 3.6% as of December 31, 2024. * **Technology Empowerment Service**: Over 95 business customers served as of March 31, 2025. * **Installment E-commerce Platform Service**: GMV reached RMB1,126 million in the first quarter of 2025, representing an increase of 24.7% from RMB903 million in the first quarter of 2024. LexinFintech Holdings Ltd. has announced its unaudited financial results for the quarter ended March 31, 2025. The Company’s unaudited financial results show that net income for the first quarter exceeded RMB430 million, surpassing its highest level for the past 13 quarters. This strong growth is a result of the Company’s continued improvement across key performance indicators, including risk management and refined operations. Mr. Jay Wenjie Xiao, Chairman and Chief Executive Officer of Lexin, commented, “The continued improvement across key performance indicators marks the success of our transformation towards a business model driven by data analytics, risk management, and refined operations.”
The Company’s user base has continued to grow, with a total number of registered users reaching 232 million as of March 31, 2025, representing an increase of 8.1% from 215 million as of March 31, 2024. Lexin’s loan facilitation business has also seen significant growth, with total loan originations reaching RMB1,376.7 billion as of March 31, 2025, an increase of 17.6% from RMB1,171.1 billion as of March 31, 2024. The Company’s credit performance has also improved, with a 90-day+ delinquency ratio of 3.3% as of March 31, 2025, as compared with 3.6% as of December 31, 2024. In addition to its financial performance, Lexin has also made significant progress in its technology empowerment service, with over 95 business customers served as of March 31, 2025. The Company’s installment e-commerce platform service has also seen growth, with GMV reaching RMB1,126 million in the first quarter of 2025, representing an increase of 24.7% from RMB903 million in the first quarter of 2024. ###
LexinFintech Holdings Ltd. Announces Cash Dividend Payout Ratio Increase
LexinFintech Holdings Ltd. has announced an increase in its cash dividend payout ratio from 25% to 30% of total net income, effective from the second half of 2025. The Company’s management has consistently attached great importance to delivering value to shareholders through various approaches. In November 2024, the board raised the cash dividend payout ratio from 20% to 25% of total net income. ###
Business Outlook
Despite the challenging macroeconomic environment, evolving industry landscape, and geopolitical uncertainties, Lexin remains confident in achieving a significant year-over-year growth in net income. The Company’s management has prioritized customer-centric approaches, elevating customer experience and boosting the competitiveness of its offers, strengthening the business synergies across its ecosystem, and driving technological innovation — particularly in the application of AI. ###
Conference Call
LexinFintech Holdings Ltd. will host an earnings conference call at 10:00 PM U.S. Eastern time on May 21, 2025 (10:00 AM Beijing/Hong Kong time on May 22, 2025). ###
About LexinFintech Holdings Ltd.
LexinFintech Holdings Ltd. is a leading technology-empowered personal financial service enabler in China. The Company’s mission is to use technology and risk management expertise to make financing more accessible for young generation consumers. Lexin has a unique model that includes online and offline channels, installment consumption platform, big data and AI-driven credit risk management capabilities, as well as smart user and loan management systems. The Company also empowers financial institutions by providing cutting-edge proprietary technology solutions to meet their needs of financial digital transformation. For more information, please visit