EarningsQ2 2026 Earnings Report
MX:QFINN Q2 2026 EPS Results
Actual EPS$8.89
Consensus EPS$19.44
Beat/MissMissed by -$10.55
One Year Ago EPS$34.60
MX:QFINN Q2 2026 Revenue Results
Actual Revenue$9.52B
Expected Revenue$10.36B
Beat/MissMissed by -$836.46M
YoY Revenue Growth-27.34%
Earnings Announcement Details
QuarterQ2 2026
Date08/25/2026
TimeAfter Close
Conference CallTuesday, August 25, 2026
MX:QFINN Upcoming Earnings
Qifu Technology's next earnings date is estimated for November 18, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:QFINN Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Negative
The call presents a mixed picture: Q2 showed operational resilience with improved short-term risk metrics, funding mix optimization (including a 90% sequential increase in ABS issuance), strong growth in the tech solutions business (loan volume +515% YoY) and continued AI and overseas progress. However, an industry liquidity shock in late June, escalating regulatory actions (particularly against collection practices), materially weaker revenue and profit (non-GAAP net profit down sharply year-over-year), elevated provisioning (new provision ratio at a historical high of 5.36%), a one-off tax expense (~RMB 500M) and renewed risk deterioration in August create significant near-term headwinds. Management is prioritizing risk control, cost discipline and capital preservation, and expects subdued origination and higher funding costs in H2. On balance, the near-term negatives (sizeable revenue/profit declines and renewed risk/funding pressure) outweigh the positive strategic progress and Q2 operational improvements.Company Guidance
Platform Scale and Reach
AI-powered credit decision engine and asset distribution platform served 168 financial institutions and delivered digital credit services to over 65 million cumulative credit line users as of end of Q2.
Loan Volume (Q2)
Total loan facilitation and origination volume reached approximately RMB 63.4 billion in Q2 (down 2.5% sequentially), demonstrating scale amid industry contraction.
Tech Solutions Rapid Growth
Tech solutions business enabled loan volume of RMB 10.5 billion in Q2, up ~515% year-over-year; outstanding loan balance ~RMB 16.1 billion at quarter end, up ~313% year-over-year.
Improving Short-Term Risk Metrics in Q2
C2M2 ratio declined 17% sequentially to 0.66%; 30-day collection rate averaged 88.1% in Q2, up 2.3 percentage points sequentially; 90-day delinquency improved to 2.83% from 3.5% in Q1; Day 1 delinquency steady at 5.6% (5.7% in Q1).
Funding Mix Optimization
ABS issuance increased 90% sequentially to RMB 5.5 billion in Q2 and issuance costs decreased by ~20 basis points; overall funding costs declined ~10 basis points sequentially in Q2 due to higher ABS contribution and optimization of funding mix.
Cost Discipline and Acquisition Efficiency
Customer acquisition expenses decreased ~13% sequentially and ~40% year-over-year; management prioritized higher-quality users, leading to improved ROA for API channels (~+1.87 percentage points) and reduced reliance on lower-quality long-tail API channels.
Cash Generation and Shareholder Return
Generated ~CNY 1.09 billion cash from operations in Q2 and Board approved dividend of USD 0.23 per Class A share / USD 0.46 per ADS for H1 2026 (payout ratio ~30%); executed ADS repurchases of ~463,000 ADS for ~USD 7 million before suspending in late June.
AI and Overseas Progress
Secured two AI agent development projects with banks (marketing growth and credit risk management) and reported encouraging early model performance in select European and Latin American markets; continued licensing and partnership efforts in Southeast Asia.
MX:QFINN Earnings History
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.
Beat
Missed