LexinFintech posts 52% profit surge in 2025 as e-commerce GMV doubles

LexinFintech Holdings (NASDAQ:LX) today announced its unaudited financial results for the fourth quarter and full fiscal year ended December 31, 2025.

The company reported a 52.4% year-over-year surge in annual net income to RMB 1.7 billion, demonstrating significant operational resilience even as it adapted to a tightening regulatory landscape in China's personal finance sector.

While full-year net profit climbed sharply, total operating revenue for 2025 was RMB 13,152 million, a 7.4% decrease compared to 2024.

This top-line contraction reflects a strategic de-emphasis on on-balance sheet loan growth in favor of capital-light tech services and e-commerce.

In the fourth quarter, net income stood at RMB 214 million, as the company moved all new loan originations to a maximum 24% annual interest rate to comply with new industry-wide pricing caps.

The standout performer of the year was Lexin’s installment e-commerce platform.

For the full year, e-commerce Gross Merchandise Volume (GMV) reached RMB 7.62 billion, a 110% increase from 2024.

In the fourth quarter alone, e-commerce GMV surged 122% year-over-year.

This growth in the Fenqile marketplace has become a critical engine for user engagement, particularly as the company's total outstanding loan principal balance declined by 12.4% to RMB 96.6 billion by year-end.

Elsewhere, Lexin continued to prioritize shareholder returns, with the board approving a dividend of $0.188 per ADS, representing 30% of the company's net income for the second half of 2025.