Lexinfintech (LX)
NASDAQ:LX
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Lexinfintech Holdings
(NASDAQ:LX)
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Rating:76Outperform
Price Target:
$3.00
▼(-9.09% Downside)
Action:Reiterated
Date:05/28/26
The score is driven primarily by improved financial fundamentals (better profitability, leverage, and 2025 cash-flow rebound) and very compelling valuation (low P/E and high dividend yield). Offsetting these positives are only moderately supportive technicals (short-term strength but longer-term downtrend signals) and a cautious earnings outlook that includes expense pressure and uncertainty despite improving risk indicators and diversification progress.
Positive Factors
Diversified ecosystem contribution
Lexin’s shift toward installment e‑commerce, offline inclusive finance and fintech empowerment (nearly half of loan volume) meaningfully reduces reliance on volatile online consumer lending. Structural diversification supports more stable fee incomes, broader customer channels and higher-quality loan mix over the medium term.
Negative Factors
Revenue contraction and volatility
Top‑line weakness and volatile revenue undermine scalability of platform economics and make long‑term planning harder. Even with better margins, declining originations or revenue swings can limit reinvestment capacity and compress long‑term growth potential if diversification doesn’t fully offset online declines.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified ecosystem contribution
Lexin’s shift toward installment e‑commerce, offline inclusive finance and fintech empowerment (nearly half of loan volume) meaningfully reduces reliance on volatile online consumer lending. Structural diversification supports more stable fee incomes, broader customer channels and higher-quality loan mix over the medium term.
Read all positive factors
Lexinfintech Holdings (LX) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$368.50M
Dividend Yield8.86%
Average Volume (3M)1.76M
Price to Earnings (P/E)1.7
Beta (1Y)1.49
Revenue Growth-3.40%
EPS Growth8.62%
CountryUS
Employees4,667
SectorFinancial
Sector Strength70
IndustryFinancial - Credit Services
Share Statistics
EPS (TTM)9.60
Shares Outstanding146,889,050
10 Day Avg. Volume2,619,334
30 Day Avg. Volume1,764,488
Financial Highlights & Ratios
PEG Ratio0.05
Price to Book (P/B)0.32
Price to Sales (P/S)0.30
P/FCF Ratio1.19
Enterprise Value/Market Cap9.34
Enterprise Value/Revenue0.25
Enterprise Value/Gross Profit0.69
Enterprise Value/Ebitda1.91
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)5.12
Revenue Forecast (FY)$12.67B
Lexinfintech Holdings Business Overview & Revenue Model
Company Description
LexinFintech Holdings Ltd., through its subsidiaries, offers online consumer finance services in the People's Republic of China. The company operates Fenqile.com, an online consumption and consumer finance platform that offers installment purchase...
How the Company Makes Money
LexinFintech primarily makes money by facilitating consumer credit transactions through its platform and earning fees for the services it provides in the process. Key revenue streams include: (1) Loan facilitation and related service fees earned w...
Lexinfintech Holdings Earnings Call Summary
Earnings Call Date:May 25, 2026
(Q1-2026)
| Next Earnings Date:Sep 01, 2026
Earnings Call Sentiment Positive
The call highlights a clear and constructive transition toward a more diversified, ecosystem-driven business model with strong user growth, meaningful loan volume expansion, improvements in risk indicators, and rising contribution from fintech empowerment and installment e-commerce. These positives offset near-term headwinds in the traditional online consumer finance segment, a modest sequential decline in net income, higher operating expenses and lingering macro/regulatory uncertainty. Overall, the company portrays operational resilience and cautious optimism while maintaining a prudent posture on capital and risk.Positive Updates
Total Loan Volume Growth
Total loan volume reached RMB 57.9 billion in Q1 2026, up 15.9% quarter-over-quarter and 12.2% year-over-year.
Negative Updates
Online Consumer Finance Contraction
Credit facilitation (capital-heavy online consumer finance) revenue declined ~10% QoQ (down RMB 253 million), reflecting volume and pricing headwinds in the online consumer finance business.
Read all updates
Q1-2026 Updates
Positive
Negative
Total Loan Volume Growth
Total loan volume reached RMB 57.9 billion in Q1 2026, up 15.9% quarter-over-quarter and 12.2% year-over-year.
Read all positive updates
Company Guidance
Management guided a prudent, steady recovery into Q2 while accelerating its diversified ecosystem — installment e‑commerce, offline inclusive finance and fintech empowerment — which already accounted for nearly 50% of total loan volume (Q1 loan volume RMB57.9bn, +15.9% QoQ, +12.2% YoY) and helped non‑online consumer finance GMV rise to ~50% of total GMV (up 42% sequentially). They expect total loan originations to remain relatively stable in Q2, continued expansion of prime segments (Q1 loan volume from prime white‑collar customers +56% QoQ; prime small‑and‑micro business customers +30% QoQ), and further asset‑quality improvement (day‑1 delinquency down ~7% QoQ, FPD30 for Q1 new loans expected to decline ~6%, 30‑day collection rates improved). Management also said credit costs should trend lower from Q1’s RMB1.3bn (up 0.8% QoQ) while keeping conservative provisioning (gross provision ratio for new capital‑heavy loans ~7.2%; coverage ratio 258%), continuing targeted investments in customer experience (operating expenses RMB1.4bn, +13.8% QoQ) and preserving liquidity (cash ~RMB3.3bn).Lexinfintech Holdings Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
78
Positive
Cash Flow
70
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 14.01B | 12.79B | 14.20B | 13.06B | 9.87B | 11.38B |
| Gross Profit | 4.97B | 9.24B | 5.03B | 4.51B | 3.03B | 5.75B |
| EBITDA | 1.81B | 2.37B | 1.51B | 1.52B | 1.23B | 2.98B |
| Net Income | 1.61B | 1.63B | 1.10B | 1.07B | 819.75M | 2.33B |
Balance Sheet | ||||||
| Total Assets | 22.51B | 23.18B | 22.24B | 23.14B | 22.77B | 21.03B |
| Cash, Cash Equivalents and Short-Term Investments | 2.08B | 3.95B | 2.33B | 2.82B | 1.76B | 2.66B |
| Total Debt | 4.88B | 4.80B | 5.27B | 5.51B | 9.26B | 7.67B |
| Total Liabilities | 10.91B | 11.22B | 11.50B | 13.43B | 14.12B | 12.96B |
| Stockholders Equity | 11.60B | 11.96B | 10.74B | 9.71B | 8.65B | 8.03B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 3.26B | 834.40M | 2.56B | -49.97M | 2.55B |
| Operating Cash Flow | 0.00 | 3.61B | 1.08B | 2.79B | 98.84M | 2.67B |
| Investing Cash Flow | 0.00 | -2.61B | -904.88M | 2.33B | -2.41B | 414.62M |
| Financing Cash Flow | 0.00 | -1.03B | -387.28M | -3.85B | 1.11B | -1.78B |
Lexinfintech Holdings Technical Analysis
Negative
3.30
Price Trends
2.10
Negative
2.37
Negative
3.32
Negative
Market Momentum
0.02
Negative
46.64
Neutral
41.94
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For LX, the sentiment is Negative. The current price of 3.3 is above the 20-day moving average (MA) of 2.11, above the 50-day MA of 2.10, and below the 200-day MA of 3.32, indicating a bearish trend. The MACD of 0.02 indicates Negative momentum. The RSI at 46.64 is Neutral, neither overbought nor oversold. The STOCH value of 41.94 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for LX.
Lexinfintech Holdings Risk Analysis
Lexinfintech Holdings disclosed 106 risk factors in its most recent earnings report. Lexinfintech Holdings reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Lexinfintech Holdings Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | $1.24B | 3.62 | 13.57% | 5.20% | 0.84% | -12.02% | |
80 Outperform | $1.85B | 1.19 | 20.86% | 7.30% | 5.63% | -16.83% | |
76 Outperform | $368.50M | 1.74 | 12.17% | 8.86% | -3.40% | 8.62% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
60 Neutral | $107.43M | 6.82 | 0.54% | 10.37% | -1.41% | -98.13% | |
| ― | $2.33B | -2.08 | -2.37% | ― | ― | ― |
* Financial Sector Average
LX
Lexinfintech Holdings
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Lexinfintech Holdings Corporate Events
LexinFintech Posts Q1 2026 Revenue Growth but Sharp Profit Drop Amid Strategic Shift
May 26, 2026
LexinFintech reported unaudited first-quarter 2026 results on May 25, 2026, showing solid operational growth amid a challenging macro environment, with total loan originations rising 12.2% year-on-year to RMB57.9 billion and registered users climb...
LexinFintech Delivers Higher 2025 Profit on Lower Revenue as It Tightens Risk in China Consumer Finance
Mar 19, 2026
LexinFintech reported unaudited fourth-quarter and full-year 2025 results on March 19, 2026, showing solid annual profitability despite regulatory shifts and macro headwinds. Full-year 2025 net income attributable to ordinary shareholders jumped 5...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.