LexinFintech revenue rises amid surge in e-commerce segments
LexinFintech Holdings (NASDAQ:LX) announced its unaudited financial results for the first quarter ended March 31, 2026, delivering steady top-line growth driven by an accelerating e-commerce sector, despite a substantial year-over-year contraction in net profit.
The Chinese digital consumer-tech platform posted total operating revenue of RMB3,309 million, representing a 6.6% increase compared to the first quarter of fiscal 2025.
Total loan originations for the period reached RMB57.9 billion, climbing 12.2% year-over-year and demonstrating robust sequential momentum with a 15.9% expansion quarter-over-quarter.
Net income attributable to shareholders stood at RMB201 million.
While this metric remained relatively stable on a quarter-over-quarter basis, it marked a sharp 53.2% decline from the corresponding prior-year period.
The annualized profit compression reflects higher operational buffers and ongoing structural recalibrations across the company's core consumer credit segments.
The financial results underscore a pivoting revenue model within the company's broader business ecosystem.
Service income from Lexin’s installment e-commerce platform surged 81.9% year-over-year, emerging as a major engine of growth.
Conversely, tech-empowerment service revenue faced a 11.5% retraction compared to the first quarter of 2025.
Reflecting a deliberate risk-management posture, the platform's outstanding loan principal also experienced a 10.1% decline over the twelve-month period.
Capital allocation also remained focused on boosting shareholder value amid shifting equity market valuations.
During the quarter, Lexin aggressively executed its share repurchase framework, buying back 9.6 million American Depositary Shares (ADSs), which accounts for approximately 5.9% of the company's outstanding equity.
