LexinFintech reports RMB101 million Q2 profit

• LexinFintech Holdings reported RMB3,187 million in second quarter 2026 operating revenue, with net income falling 80.2% year over year to RMB101 million.
• Loan originations increased 4.8% to RMB55.4 billion, while outstanding principal declined 11.4% to RMB93.7 billion.
• LexinFintech Holdings said it will focus on shareholder returns and expects lower third quarter loan originations due to sector conditions.

LexinFintech Holdings (NASDAQ:LX) reported second quarter 2026 operating revenue of RMB3,187 million, down 11.2% year over year, while net income attributable to ordinary shareholders fell 80.2% to RMB101 million.

The results followed mixed business performance, with total loan originations rising 4.8% to RMB55.4 billion despite outstanding principal declining 11.4% to RMB93.7 billion.

LexinFintech Holdings reported adjusted net income of RMB127 million, down 76.4% year over year, as technology-empowerment service income declined 43.0% and credit facilitation service income dropped 15.0%.

The company’s installment e-commerce platform service income increased 60.8% to RMB784 million, supported by 15.5% growth in gross merchandise value, while the company repurchased US$39 million of ADSs under its US$50 million program and adopted a dividend policy targeting 30% of annual net income from fiscal 2026.

LexinFintech Holdings said it expects significantly lower third quarter loan originations and warned that it could report a net loss due to sector headwinds.

LexinFintech Holdings operates a fintech platform focused on installment e-commerce services, credit facilitation, and technology services, with its latest quarter showing stronger e-commerce platform performance but weaker revenue from other service areas.

The company’s recent shareholder actions include its ADS repurchase program and new dividend policy, while its latest results reflect changing conditions across China’s consumer finance sector.