Lexinfintech Holdings earnings date
Lexinfintech Holdings (1LFA) Q2 2026 Earnings Report
DE:1LFA Q2 2026 EPS Results
- Actual EPS
- EUR 0.04
- Consensus EPS
- ―
- Beat/Miss
- ―
- One Year Ago EPS
- EUR 0.19
DE:1LFA Q2 2026 Revenue Results
- Actual Revenue
- EUR 425.64M
- Expected Revenue
- ―
- Beat/Miss
- ―
- YoY Revenue Growth
- -4.76%
Earnings Announcement Details
- Quarter
- Q2 2026
- Date
- 08/31/2026
- Time
- Before Open
- Conference Call
- Monday, August 31, 2026
Lexinfintech Holdings's next earnings date is estimated for November 30, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
The call was dominated by significant industry-wide funding constraints, rising delinquency and credit costs, declining credit-business revenue and an expected third-quarter net loss. The company highlighted strong liquidity, compliance, cost reductions, AI capabilities, e-commerce profitability and progress toward a technology-empowered model, but these positives were outweighed by near-term financial pressure and limited visibility.
Management expects funding supply to remain tight, new loan originations to “decline materially” and the 90 days plus delinquency ratio to “rise further” in the third quarter, while collection rate will “also see a decline”; revenue is expected to further decrease, credit risks and costs to trend upward, and the company to record a net loss in the third quarter, with one-time expenses primarily recognized in the third quarter. AI adoption is expected to deliver further cost reductions in the third quarter, and management costs are expected to come down by 30% to 40%; the company is not providing any specific financial guidance for the second half, will update business and financial guidance for Q4 as it gets more clarity on the regulatory front, and potential dividend declarations for 2026 will be assessed when it announces fourth quarter results in early 2027 after changing dividend distribution from a semiannual to an annual schedule.
- Q2 Business Generated RMB 55.43 Billion in Loan VolumeLexin achieved loan volume of RMB 55.43 billion in the second quarter, generated revenue of RMB 3.19 billion and recorded net profit of RMB 101 million.
- Strong Liquidity and Capital PositionAs of June 30, cash, cash equivalents and restricted cash totaled approximately RMB 2.5 billion, while shareholders' equity remained solid at about RMB 12 billion. Management said the cash position provides a financial buffer for navigating industry volatility and supporting steady operations.
- Compliance and Operational ResilienceManagement emphasized that compliance is its operational bottom line, that it has not engaged in similar noncompliant practices as certain industry players, and that the business can withstand strict scrutiny. The company also stated that it maintains organic cash generation capability and operational safety.
- Operating Expense Reduction Through Efficiency and AIOperating expenses decreased 17.6% quarter-over-quarter, or RMB 244 million, to approximately RMB 1.1 billion. The reduction was mainly driven by a RMB 165 million decrease in sales and marketing expenses. More than 100 AI agent roles have been deployed across areas including strategy generation, compliance checks, post-loan management and customer service, and management expects further cost reductions in the third quarter.
- Organizational Streamlining Expected to Reduce Management CostsThe company rolled out organizational streamlining, headcount optimization and efficiency measures. Management expects management costs to come down by 30% to 40%, while also reporting faster decision-making and higher productivity per employee.
- Fintech Empowerment Business Continued to GrowFintech empowerment loan volume grew 8% quarter-over-quarter despite the overall decline in loan origination volume. The business achieved profitability in the second quarter, continues to satisfy licensed institutions' demand for high-quality assets and accounted, together with e-commerce, for 45% of loan volume contribution.
- Continued Investment in Technology-Empowered ServicesLexin is accelerating its transition from a guarantee-backed loan facilitation model to a tech-empowered model and plans to continue increasing investment in fintech empowerment, particularly technology-empowered services for corporate clients and financial institutions.
- Installment E-Commerce Business Delivered Strong Profitability ImprovementInstallment e-commerce loan volume remained stable at RMB 2.3 billion. Net revenue increased by RMB 122 million to RMB 329 million, while gross profit reached RMB 329 million, representing a 58.7% increase. Gross margin expanded from 9.4% in the prior quarter to 14.1%.
- E-Commerce Positioned as a Revenue and Profit ContributorManagement said the e-commerce business maintained steady momentum, continued to contribute profit and served as a reliable stabilizer for the broader portfolio. The company expects favorable policies, growing consumer demand and its integration with consumption scenarios to support healthy growth.
- New-Loan Underwriting TightenedLexin proactively raised underwriting standards in the second quarter. This limited the quarter-over-quarter uptick in FPD30 to a minor level of around 4.6%, and the company plans to maintain tight entry criteria and strengthen assessment of borrowers with cross-platform debt.
- Risk-Control AI Produced Quantified ImprovementsLexin's credit assessment agent has progressed from assisting human reviewers to making autonomous decisions. Its risk detection capability was stated to be 3x that of manual review for autonomous rejections and 1.2x for review recommendations. The internal risk-control agent platform has increased the output efficiency of general risk models and routine strategies by over 5x.
- Provision Coverage Remained RobustDespite adopting a more conservative provisioning approach, the provision coverage ratio remained robust at 230%. Management said adequate provisioning is in place to support an orderly runoff of existing risk assets.
- Funding-Partner Relationships Remain AvailableManagement stated that Lexin remains on the whitelist of major funding partners, which it expects will allow the company to resume loan origination as soon as market conditions permit.
- Diversification and Transformation Strategy AdvancedThe company is prioritizing non-loan facilitation businesses such as e-commerce and technology empowerment, while leveraging its ecosystem, traffic, risk-management, AI and operational capabilities to support financial institutions' compliant lending activities.
DE:1LFA Earnings History
| Report Date | Fiscal Quarter | Forecast / EPS | Last Year's EPS | EPS YoY Change | Press Release |
|---|---|---|---|---|---|
| Nov 30, 2026 | 2026 (Q3) | ―- | 0.2 | ― | ― |
| Aug 31, 2026 | 2026 (Q2) | ―0.04 | 0.19 | -79.02% (-0.15) | |
| May 25, 2026 | 2026 (Q1) | ―0.08 | 0.16 | -50.00% (-0.08) | |
| Mar 19, 2026 | 2025 (Q4) | ―0.08 | 0.14 | -39.81% (-0.06) | |
| Nov 24, 2025 | 2025 (Q3) | ―0.20 | 0.12 | 58.70% (+0.07) | |
| Aug 07, 2025 | 2025 (Q2) | 1.290.19 | 0.09 | 110.29% (+0.10) | |
| May 21, 2025 | 2025 (Q1) | ―0.16 | 0.08 | 100.00% (+0.08) | |
| Mar 18, 2025 | 2024 (Q4) | ―0.14 | 0.01 | 2475.00% (+0.13) | |
| Nov 25, 2024 | 2024 (Q3) | ―0.12 | 0.15 | -16.36% (-0.02) | |
| Aug 27, 2024 | 2024 (Q2) | ―0.09 | 0.14 | -33.33% (-0.05) |
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
