Last 18 quarters of trend data · Financial Services · Financial - Credit Services
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
LexinFintech Holdings Ltd.'s quarterly P/E stands at 0.6x, up 107.8% year-over-year — indicating the stock has re-rated higher or earnings have softened. EV/EBITDA has expanded 70.1% YoY to 2.3x, reflecting rising market expectations or slowing EBITDA growth.
| Metric | TTM | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 1.48 | 0.63 | 1.05 | 0.70 | 0.37 | 0.30 | 0.38 | 5.75 | 0.25 | 0.28 | 0.37 | 0.28 | 0.29 |
| — | +107.8% | +180.3% | -87.8% | +47.2% | +8.1% | +1.8% | +1933.7% | -14.4% | -71.5% | -70.9% | -78.8% | -95.1% | |
| P/S Ratio | 0.18 | 0.09 | 0.15 | 0.07 | 0.03 | 0.02 | 0.02 | 0.02 | 0.03 | 0.04 | 0.04 | 0.03 | 0.03 |
| — | +374.3% | +531.1% | +220.2% | +11.7% | -45.8% | -45.5% | -25.0% | -6.7% | -68.6% | -77.0% | -87.1% | -92.0% | |
| P/B Ratio | 0.20 | 0.11 | 0.16 | 0.09 | 0.04 | 0.03 | 0.03 | 0.03 | 0.04 | 0.05 | 0.06 | 0.04 | 0.04 |
| — | +306.4% | +435.8% | +201.8% | +9.3% | -40.1% | -46.3% | -23.2% | +4.1% | -84.0% | -88.3% | -90.5% | -97.3% | |
| P/FCF | 0.70 | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| EV / EBITDA | 1.35 | 2.26 | 1.88 | 2.33 | 1.85 | 1.33 | 3.57 | 64.26 | 2.25 | 4.75 | 5.07 | 5.31 | 5.26 |
| — | +70.1% | -47.4% | -96.4% | -17.9% | -72.0% | -29.7% | +1109.4% | -57.2% | -21.0% | -5.1% | +75.3% | -64.0% | |
| EV / EBIT | 1.41 | 2.26 | 1.88 | 2.33 | 1.85 | 1.33 | 3.57 | 64.26 | 2.25 | 4.75 | 5.07 | 5.31 | 5.26 |
| — | +70.1% | -47.4% | -96.4% | -17.9% | -72.0% | -29.7% | +1109.4% | -57.2% | -20.0% | -5.1% | +72.9% | -64.8% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
LexinFintech Holdings Ltd.'s operating margin was 12.6% in Q2 2025, down 2.5 pp QoQ and down 4.9 pp YoY. This marks the 3rd consecutive quarter of margin compression, signaling a persistent pressure on profitability that investors should monitor. The trailing four-quarter average of 14.4% exceeds the current quarter, suggesting the latest result may reflect seasonal weakness or a one-off headwind. Gross margin contracted 4.2% YoY, suggesting cost inflation or competitive pricing pressure.
| Metric | TTM | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 72.3% | 35.5% | 39.3% | 34.8% | 33.0% | 37.0% | 36.9% | 35.8% | 38.7% | 32.6% | 30.3% | 34.2% | 33.4% |
| — | -4.2% | +6.4% | -2.9% | -14.7% | +13.7% | +21.9% | +4.8% | +15.9% | +5.0% | -7.5% | -27.1% | +22.5% | |
| Operating Margin | 17.7% | 12.6% | 15.1% | 15.4% | 14.5% | 17.5% | 17.1% | 16.7% | 20.9% | 10.6% | 7.9% | 12.7% | 8.5% |
| — | -28.0% | -11.6% | -7.5% | -30.6% | +64.8% | +115.5% | +31.0% | +146.9% | -15.7% | -40.1% | -45.7% | -33.4% | |
| Net Margin | 12.8% | 14.3% | 13.9% | 9.9% | 8.5% | 6.2% | 6.2% | 0.3% | 10.6% | 11.6% | 11.0% | 9.9% | 10.2% |
| — | +129.1% | +122.9% | +2776.2% | -20.0% | -46.6% | -43.4% | -96.5% | +3.2% | +6.5% | -22.5% | -39.9% | +62.5% |
| Metric | TTM | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 14.4% | 4.5% | 3.9% | 3.4% | 3.0% | 2.3% | 2.1% | 0.1% | 3.9% | 3.9% | 3.7% | 3.5% | 4.1% |
| — | +98.2% | +91.1% | +2660.1% | -22.1% | -41.5% | -44.7% | -96.5% | -6.7% | -47.0% | -50.8% | -71.6% | -44.8% | |
| ROA | 7.2% | 2.3% | 1.9% | 1.6% | 1.4% | 1.0% | 0.9% | 0.1% | 1.6% | 1.5% | 1.4% | 1.3% | 1.2% |
| — | +131.6% | +120.9% | +3040.9% | -12.7% | -33.3% | -37.2% | -96.1% | +27.0% | -6.2% | -32.1% | -56.6% | +66.7% | |
| ROIC | 10.4% | 2.0% | 2.2% | 2.7% | 2.6% | 3.1% | 2.7% | 2.8% | 3.2% | 1.3% | 1.0% | 1.6% | 1.0% |
| — | -34.4% | -20.7% | -1.4% | -18.3% | +136.2% | +183.3% | +69.7% | +208.3% | -34.5% | -51.8% | -59.5% | -18.1% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
LexinFintech Holdings Ltd.'s Debt/EBITDA ratio is 10.8x, up from 10.0x last quarter — elevated, raising questions about debt serviceability. The current ratio has improved 6.3% YoY to 1.89x, strengthening the short-term liquidity position. Debt/Equity has declined for 3 consecutive quarters, reflecting a deleveraging trend.
| Metric | TTM | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.40 | 0.42 | 0.48 | 0.49 | 0.44 | 0.52 | 0.54 | 0.57 | 0.68 | 0.89 | 1.11 | 1.07 | 1.13 |
| — | -18.6% | -10.5% | -14.4% | -35.8% | -42.2% | -51.7% | -46.5% | -39.7% | -56.0% | -50.1% | -14.9% | -82.3% | |
| Debt / EBITDA | 2.03 | 10.79 | 10.04 | 12.17 | 11.79 | 8.17 | 20.59 | 440.90 | 13.28 | 25.79 | 24.69 | 24.24 | 25.98 |
| — | +32.0% | -51.2% | -97.2% | -11.2% | -68.3% | -16.6% | +1718.8% | -48.9% | +5.2% | +27.2% | +118.0% | -50.3% | |
| Current Ratio | 4.10 | 1.89 | 1.85 | 1.86 | 1.66 | 1.77 | 1.72 | 1.50 | 1.47 | 1.57 | 1.47 | 1.42 | 1.47 |
| — | +6.3% | +7.4% | +24.2% | +13.1% | +12.7% | +17.1% | +5.4% | +0.3% | +19.1% | +16.2% | -15.4% | +48.3% | |
| Quick Ratio | 4.10 | 1.89 | 1.85 | 1.86 | 1.66 | 1.77 | 1.72 | 1.50 | 1.47 | 1.57 | 1.47 | 1.42 | 1.47 |
| — | +6.3% | +7.4% | +24.2% | +13.1% | +12.7% | +17.1% | +5.4% | +0.3% | +19.1% | +16.2% | -15.4% | +48.3% | |
| Interest Coverage | 9.25 | — | 114.03 | 169.12 | 85.25 | — | 66.33 | 1.23 | 34.87 | 14.88 | 99.48 | 46.63 | 22.39 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 18 years · Updated daily
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Quick answers to the most common questions about buying LX stock.
LexinFintech Holdings Ltd.'s current P/E is 1.5x. The average P/E over the last 4 quarters is 0.7x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
LexinFintech Holdings Ltd.'s current operating margin is 17.7%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking LexinFintech Holdings Ltd.'s business trajectory between earnings reports.