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LexinFintech Holdings Ltd. (LX) 10-Year Financial Performance & Capital Metrics

LX • • Banking & Credit
Financial ServicesCredit ServicesFintech Platforms & Digital LendingChinese Fintech Platforms
AboutLexinFintech 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 and personal installment loans, as well as provides online direct sales with installment payment terms; and Le Hua Card, a scenario-based lending. It also provides technology-driven platform services to increase revenues, manage financial risks, enhance operating efficiency and service quality, enhance collections, and reduce overall costs; Maiya application, a location-based services shopping experience with buy-now and pay-later options; and Juzi Licai, an online investment platform. In addition, the company offers technical support and consulting, software development, financing guarantee, and financial technology services. The company was formerly known as Staging Finance Holding Ltd. and changed its name to LexinFintech Holdings Ltd. in March 2017. LexinFintech Holdings Ltd. was incorporated in 2013 and is headquartered in Shenzhen, the People's Republic of China.Show more
  • Net Interest Income -$9M +82.2%
  • Total Revenue $14.2B +8.8%
  • Net Income $1.1B +3.2%
  • Return on Equity 10.76% -7.3%
  • Net Interest Margin -0.04% +81.4%
  • Efficiency Ratio 19.29% -4.4%
  • ROA 4.85% +4.4%
  • Equity / Assets 48.29% +15.1%
  • Book Value per Share 63.31 +17.3%
  • Tangible BV/Share 58.23 +18.9%
  • Debt/Equity 0.49 -13.6%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Strong Piotroski F-Score: 8/9
  • ✓Efficient operations: 19.3% efficiency ratio
  • ✓Well capitalized: 48.3% equity/assets
  • ✓Share count reduced 5.7% through buybacks
  • ✓Diversified revenue: 100.0% from non-interest income
  • ✓Trading at only 0.0x book value

✗Weaknesses

  • ✗Profits declining 13.7% over 5 years
  • ✗Weak NIM of -0.0%
  • ✗Weak momentum: RS Rating 6 (bottom 6%)
  • ✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y6.02%
3Y7.67%
TTM-

Profit (Net Income) CAGR

10Y-
5Y-13.67%
3Y-22.17%
TTM99.05%

EPS CAGR

10Y-
5Y-11.86%
3Y-17.22%
TTM89.51%

ROCE

10Y Avg5.25%
5Y Avg18.96%
3Y Avg15.53%
Latest25.62%

Peer Comparison

Chinese Fintech Platforms
Select Columns
Size & Scale
Valuation
Per Share
Growth
Profitability
Quality & Returns
Safety & Leverage
TTM Growth
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Momentum & Returns
Total Return (DRIP)
Technical
Volume & Trading
Shares & Dilution
Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
QDQudian Inc.304.91M3.006.1271.31%42.38%4.56%0.07
NISNNisun International Enterprise Development Group Co., Ltd5.73M1.205.20-12.17%0.27%8.76%0.04
LULufax Holding Ltd2.25B2.600.84-39.62%2.13%-3.92%100%0.48
FINVFinVolution Group736.79M5.260.583.69%18.24%16.74%100%0.00
LXLexinFintech Holdings Ltd.415.01M3.130.488.78%7.75%13.91%100%0.49
QFINQfin Holdings, Inc.2.2B16.890.205.38%36.49%28.34%100%0.07
YRDYiren Digital Ltd.343.9M3.980.1118.59%27.25%12.13%100%0.00
XYFX Financial136.82M6.000.0379.16%26.23%22.61%100%0.05

Profit & Loss

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Net Interest Income+-1.93M-48.34M-75.52M-23.06M-39.22M-77.54M-63.13M-55.64M-50.48M-9.01M
NII Growth %--24.05%-0.56%0.69%-0.7%-0.98%0.19%0.12%0.09%0.82%
Net Interest Margin %----------
Interest Income0000000000
Interest Expense1.93M48.34M75.52M23.06M39.22M77.54M63.13M55.64M50.48M9.01M
Loan Loss Provision2.6B3.69B4.19B4.56B5.57B7.93B5.57B6.78B8.49B8.45B
Non-Interest Income+2.52B4.34B5.58B7.6B10.6B11.65B11.38B9.87B13.06B14.2B
Non-Interest Income %----------
Total Revenue+2.52B4.34B5.58B7.6B10.6B11.65B11.38B9.87B13.06B14.2B
Revenue Growth %-0.72%0.29%0.36%0.4%0.1%-0.02%-0.13%0.32%0.09%
Non-Interest Expense324.87M590.99M844.43M1.19B2.37B2.2B2.68B2.7B2.63B2.74B
Efficiency Ratio----------
Operating Income+-397.32M11.04M475.66M1.82B2.63B1.43B3.07B334.45M1.88B3B
Operating Margin %----------
Operating Income Growth %-1.03%42.09%2.83%0.44%-0.45%1.14%-0.89%4.62%0.6%
Pretax Income+-399.13M-59.68M474.58M2.11B2.71B685.61M2.77B1.03B1.33B1.35B
Pretax Margin %----------
Income Tax+-88.93M58.26M234.23M132.22M411.96M90.63M435.42M202.64M260.84M253.28M
Effective Tax Rate %----------
Net Income+-310.19M-117.94M240.35M1.98B2.29B594.98M2.33B819.75M1.07B1.1B
Net Margin %----------
Net Income Growth %-0.62%3.04%7.23%0.16%-0.74%2.92%-0.65%0.3%0.03%
Net Income (Continuing)-310.19M-117.94M240.35M1.98B2.29B594.98M2.33B825.93M1.07B1.1B
EPS (Diluted)+-5.60-0.711.4010.9012.223.1211.464.426.346.50
EPS Growth %-0.87%2.97%6.79%0.12%-0.74%2.67%-0.61%0.43%0.03%
EPS (Basic)-5.60-0.781.4610.9012.903.2612.664.726.486.64
Diluted Shares Outstanding55.32M165.39M172.29M181.38M187.92M205.61M207.5M196.38M179.91M169.63M

Balance Sheet

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash & Short Term Investments+1000K1000K1000K1000K1000K1000K1000K1000K1000K1000K
Cash & Due from Banks135.37M479.61M1.13B1.15B2.09B1.56B2.66B1.49B2.62B2.25B
Short Term Investments00000001000K1000K1000K
Total Investments+11.58M24.89M23.48M186.07M511.61M521.8M469.06M618.38M455M364.2M
Investments Growth %-1.15%-0.06%6.92%1.75%0.02%-0.1%0.32%-0.26%-0.2%
Long-Term Investments11.58M24.89M23.48M186.07M511.61M521.8M469.06M348.38M255M284.2M
Accounts Receivables1000K1000K1000K1000K1000K1000K1000K1000K1000K1000K
Goodwill & Intangibles+----------
Goodwill0000000000
Intangible Assets00001.42B1B966.07M931.67M897.27M862.87M
PP&E (Net)11.95M41.75M63.13M82.42M92.55M125.69M195.33M284.59M446.64M613.11M
Other Assets320.96M1.07B1.87B1.8B545.31M1.53B1.56B2.28B1.81B1.03B
Total Current Assets3.38B7.54B12.74B10.3B16.51B16.42B16.66B17.78B18.5B17.91B
Total Non-Current Assets433.94M1.18B1.99B2.17B2.73B3.93B4.37B4.99B4.64B4.33B
Total Assets+3.82B8.72B14.73B12.47B19.24B20.35B21.03B22.77B23.14B22.24B
Asset Growth %-1.28%0.69%-0.15%0.54%0.06%0.03%0.08%0.02%-0.04%
Return on Assets (ROA)-0.08%-0.02%0.02%0.15%0.14%0.03%0.11%0.04%0.05%0.05%
Accounts Payable32.28M326M647.3M1.17B1.24B713.9M441.47M408.51M1.12B74.44M
Total Debt+3.19B7.76B10.86B5.24B8.3B9.33B7.67B9.26B5.51B5.27B
Net Debt3.05B7.28B9.73B4.09B6.22B7.77B5.01B7.76B2.89B3.01B
Long-Term Debt31.08M720.96M166.92M157.89M2.5B2.75B2.58B1.48B980.07M1.78B
Short-Term Debt3.16B7.04B10.69B5.08B5.73B6.51B4.9B7.62B4.49B3.45B
Other Liabilities0000000050.7M91.38M
Total Current Liabilities3.59B7.99B12.86B8.02B9.8B12.02B10.19B12.48B12.32B9.6B
Total Non-Current Liabilities31.08M720.96M166.92M345.07M2.83B2.79B2.77B1.64B1.11B1.9B
Total Liabilities3.62B8.71B13.03B8.36B12.64B14.81B12.96B14.12B13.43B11.5B
Total Equity+193.87M13.92M1.7B4.11B6.6B5.53B8.07B8.65B9.71B10.74B
Equity Growth %--0.93%121.24%1.41%0.61%-0.16%0.46%0.07%0.12%0.11%
Equity / Assets (Capital Ratio)----------
Return on Equity (ROE)-1.6%-1.14%0.28%0.68%0.43%0.1%0.34%0.1%0.12%0.11%
Book Value per Share3.500.089.8822.6435.1226.9038.8844.0453.9763.31
Tangible BV per Share----------
Common Stock1.26M68K210K226K231K234K237K238K240K246K
Additional Paid-in Capital002.11B2.33B2.52B2.72B2.92B3.08B3.2B3.31B
Retained Earnings-429.85M-630.66M-450.55M1.59B3.73B2.11B4.2B4.89B5.74B7.78B
Accumulated OCI15.14M18.95M40.91M185.95M345.02M652.54M912.6M1B1.09B-29.56M
Treasury Stock0000000-328.76M-328.76M-328.76M
Preferred Stock607.32M625.57M00000000

Cash Flow

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+-1.49B379.84M1.66B2.79B-778.5M-211.02M2.67B98.84M2.79B1.08B
Operating CF Growth %-1.26%3.38%0.68%-1.28%0.73%13.64%-0.96%27.2%-0.61%
Net Income-310.19M-117.94M240.35M1.98B2.29B594.98M2.33B825.93M1.07B1.1B
Depreciation & Amortization1.39M4.59M18.86M30.4M87.84M107.29M145.3M148.14M145.14M0
Deferred Taxes-89.46M47.05M3.56M58.18M59.92M-503.52M-396.26M33.34M-67.55M-292.71M
Other Non-Cash Items70.09M311.2M651.76M617.3M775.8M4.84B1.9B1.72B5.72B6.36B
Working Capital Changes-1.17B110.94M672.06M-11.11M-4.17B-5.45B-1.5B-2.78B-4.19B-6.18B
Cash from Investing+-1.59B-4.5B-5.42B3.6B-783.58M-2.14B414.62M-2.41B2.33B-904.88M
Purchase of Investments-11.13M-13.33M-2.83M-120M-387.7M-7.16B-3.89B-4.3B-5.15B-4.59B
Sale/Maturity of Investments00001000K1000K1000K1000K00
Net Investment Activity----------
Acquisitions000000051.91M00
Other Investing-1.57B-4.46B-5.38B3.78B-355.01M5.07B4.36B1.98B7.72B3.93B
Cash from Financing+3.03B4.46B4.41B-5.62B3.06B1.23B-1.78B1.11B-3.85B-387.28M
Dividends Paid00000000-135.62M-164.43M
Share Repurchases0-87.92M0-171.24M-339.53M00-326.94M00
Stock Issued00651.25M0000000
Net Stock Activity----------
Debt Issuance (Net)1000K1000K1000K-1000K1000K1000K-1000K1000K-1000K-1000K
Other Financing-3.65M-108.98M-1.7M56.1M-13.08M47.97M7.12M15.17M5.88M19.25M
Net Change in Cash+-26.21M344.23M646.87M761.85M1.49B-1.15B1.28B-1.19B1.27B-209.62M
Exchange Rate Effect1000K1000K-1000K-1000K-1000K-1000K-1000K1000K1000K1000K
Cash at Beginning161.58M135.37M479.61M1.74B2.5B3.99B2.84B4.12B2.93B4.2B
Cash at End135.37M479.61M1.13B2.5B3.99B2.84B4.12B2.93B4.2B3.99B
Interest Paid004.58M25.47M32.25M120.13M96.84M80.41M86.41M45.16M
Income Taxes Paid0057.92M185.01M222.41M300.23M522.91M614.4M255.58M413.84M
Free Cash Flow+-1.5B347.69M1.62B2.74B-828.37M-297.59M2.55B-49.97M2.56B834.4M
FCF Growth %-1.23%3.67%0.69%-1.3%0.64%9.55%-1.02%52.18%-0.67%

Banking Ratios

Metric2015201620172018201920202021202220232024
Return on Equity (ROE)-160%-113.52%28.02%68.09%42.86%9.81%34.33%9.81%11.61%10.76%
Return on Assets (ROA)-8.13%-1.88%2.05%14.54%14.47%3.01%11.28%3.74%4.64%4.85%
Net Interest Margin-0.05%-0.55%-0.51%-0.18%-0.2%-0.38%-0.3%-0.24%-0.22%-0.04%
Efficiency Ratio12.87%13.62%15.13%15.66%22.32%18.89%23.54%27.37%20.17%19.29%
Equity / Assets5.08%0.16%11.55%32.93%34.31%27.18%38.37%37.98%41.96%48.29%
Book Value / Share3.50.089.8822.6435.1226.938.8844.0453.9763.31
NII Growth--2404.82%-56.21%69.47%-70.06%-97.74%18.59%11.86%9.26%82.16%
Dividend Payout--------12.72%14.94%

Revenue by Segment

2018201920202021202220232024
Service2.6B3.83B--2.06B1.75B1.32B
Service Growth-47.23%----14.86%-24.46%
Service, Other---86.3M58.23M164.88M85.61M
Service, Other Growth-----32.53%183.17%-48.08%
Membership Services--113.11M107.9M---
Membership Services Growth----4.60%---
Loan Facilitation And Servicing Fees Volume Based--106.01M----
Loan Facilitation And Servicing Fees Volume Based Growth-------
Service Other203.91M204.85M68.89M----
Service Other Growth-0.46%-66.37%----
Loan Facilitation And Servicing Fees Revenue-5.63B-----
Loan Facilitation And Servicing Fees Revenue Growth-------
Online Direct Sales2.4B3.62B-----
Online Direct Sales Growth-51.21%-----
Interest And Financial Services Income-1.13B-----
Interest And Financial Services Income Growth-------
Financial Service Other177.84M12.04M-----
Financial Service Other Growth--93.23%-----

Frequently Asked Questions

Valuation & Price

LexinFintech Holdings Ltd. (LX) has a price-to-earnings (P/E) ratio of 0.5x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

LexinFintech Holdings Ltd. (LX) grew revenue by 8.8% over the past year. This is steady growth.

Yes, LexinFintech Holdings Ltd. (LX) is profitable, generating $1.61B in net income for fiscal year 2024 (7.7% net margin).

Dividend & Returns

Yes, LexinFintech Holdings Ltd. (LX) pays a dividend with a yield of 30.97%. This makes it attractive for income-focused investors.

LexinFintech Holdings Ltd. (LX) has a return on equity (ROE) of 10.8%. This is reasonable for most industries.

Industry Metrics

LexinFintech Holdings Ltd. (LX) has a net interest margin (NIM) of -0.0%. NIM has been under pressure due to interest rate environment.

LexinFintech Holdings Ltd. (LX) has an efficiency ratio of 19.3%. This is excellent, indicating strong cost control.

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