Qudian Inc.(QD)Earnings, Financials & Key Ratios

QD•NYSE•Banking & Credit

38.2× P/E·Price updated Jun 8, 2026

SectorFinancial Services IndustryCredit Services Sub-IndustryConsumer Credit Issuers and Installment Lenders

AboutQudian Inc. operates as a consumer-oriented technology company in the People's Republic of China. The company provides small cash credit products to consumers; and financial leasing and financing guarantee services, as well as technology development and services. It also offers ready-to-cook meal products for working-class consumers. The company was founded in 2014 and is headquartered in Xiamen, the People's Republic of China.Show more

Net Interest Income$146M+31.5%
Total Revenue$216M+71.3%
Net Income$92M+134.4%
Return on Equity0.8%+142.1%
Net Interest Margin1.17%+31.7%
Efficiency Ratio149.5%-36.5%
ROA0.74%+137.1%
Equity / Assets90.59%-3.3%
Book Value per Share60.13+13.4%

QD Key Insights

Qudian Inc. (QD) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

✓Company is almost debt free
✓Well capitalized: 90.6% equity/assets
✓Share count reduced 14.8% through buybacks
✓Diversified revenue: 32.7% from non-interest income
✓Trading at only 0.3x book value

✗Weaknesses

✗Profits declining 51.1% over 5 years
✗Weak NIM of 1.2%
✗High cost structure: 149.5% efficiency ratio
✗Weak momentum: RS Rating 16 (bottom 16%)
✗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.

Get notified when QD posts new earnings or crosses analyst targets

Free. No account needed. Unsubscribe any time.

QD Price & Volume

Qudian Inc. (QD) stock price & volume — 10-year historical chart

Loading chart...

QD Growth Metrics

Qudian Inc. (QD) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years21%

5 Years-52.38%

3 Years-49.23%

TTM-

Profit CAGR

10 Years-

5 Years-51.05%

3 Years-46.2%

TTM293.82%

EPS CAGR

10 Years-

5 Years-46.19%

3 Years-40.01%

TTM343.55%

Return on Capital

10 Years18.72%

5 Years1.06%

3 Years-2.67%

Last Year-2.67%

QD Recent Earnings

Qudian Inc. (QD) EPS & revenue vs analyst estimates — last 4 quarters

Full history →

●Beat Revenue 3/12 qtrs (100%)

Q4 2025Latest

Nov 24, 2025

Metric

Actual

Est

EPS

$0.35

—

Rev

$1M

—

Q3 2025

Aug 13, 2025

Metric

Actual

Est

EPS

$0.26

—

Rev

$486,680

—

Q2 2025

May 30, 2025

Metric

Actual

Est

EPS

$0.12

—

Rev

$4M

—

Q2 2025

Mar 20, 2025

Metric

Actual

Est

EPS

$0.05

—

Rev

$7M

—

Quarter	Date	EPS (Act vs Est)	Revenue (Act vs Est)
Q4 2025Latest	Nov 24, 2025	$0.35	$1M
Q3 2025	Aug 13, 2025	$0.26	$486,680
Q2 2025	May 30, 2025	$0.12	$4M
Q2 2025	Mar 20, 2025	$0.05	$7M

Based on last 12 quarters of dataView full earnings history →

Company	Market Cap	Stock Price	P/E Ratio (TTM)	Revenue Growth 1Y	Net Margin	Return on Equity (ROE)	Debt / Equity
FINVFinVolution GroupDirect Competitor	1.18B	4.67	3.38	1.03%	18.75%	6.05%	0.08
LXLexinFintech Holdings Ltd.Direct Competitor	337.33M	2.00	1.48	-9.94%	11.52%	14.68%	0.40
QFINQfin Holdings, Inc.Direct Competitor	1.98B	15.21	1.20	8.83%	33.86%	24.95%	0.16
CNFCNFinance Holdings LimitedDirect Competitor	1.04M	3.09	-0.02	-60.88%	-14.04%	-1.25%	1.18
LULufax Holding LtdProduct Competitor	524.09M	1.25	-1.78	-32.51%	-10.59%	-3.8%	0.99
JFINJiayin Group Inc.Product Competitor	209.42M	4.01	6.52	-85.08%	24.72%	37.66%	0.16
NTESNetEase, Inc.Product Competitor	77.46B	121.33	15.70	6.96%	29.84%	21.02%	0.04
BABAAlibaba Group Holding LimitedSupply Chain	249.84B	107.06	16.45	2.74%	10.12%	9.35%	0.23

Compare QD vs Peers

Qudian Inc. (QD) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs FINV

Most directly comparable listed peer for QD.

Scale Benchmark

vs BABA

Larger-name benchmark to compare QD against a more recognizable public peer.

Peer Set

Compare Top 5

vs FINV, LX, QFIN, CNF

QD Income Statement

Qudian Inc. (QD) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily

Metric	Dec'16	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	TTM
Net Interest Income	3.26M	21.36M	35.78M	20.18M	622.41M	23.7M	61.38M	110.75M	145.62M	607.89M
NII Growth %	53.29%	555.97%	67.49%	-43.59%	2983.82%	-96.19%	159.01%	80.42%	31.49%	-2627.23%
Net Interest Margin %	0.05%	0.11%	0.22%	0.11%	4.65%	0.17%	0.48%	0.89%	1.17%	4.77%
Interest Income	3.26M	21.36M	35.78M	20.87M	649.51M	39.68M	64.82M	110.75M	145.62M	834.36M
Interest Expense	0	0	0	23.93M	27.11M	15.98M	3.44M	0	0	226.47M
Loan Loss Provision	267.86M	880.85M	2.74B	877.85M	835.25M	282.74M	379.65M	160.11M	201.02M	-100.54M
Non-Interest Income	1.44B	4.75B	7.66B	8.82B	3.04B	1.61B	512.67M	15.59M	70.81M	-697.83M
Non-Interest Income %	99.77%	99.55%	99.53%	99.76%	82.39%	97.6%	88.78%	12.34%	32.72%	-511.12%
Total Revenue	1.44B▲ 0%	4.78B▲ 231.0%	7.69B▲ 61.1%	8.84B▲ 14.9%	3.69B▼ 58.3%	1.65B▼ 55.2%	577.49M▼ 65.1%	126.34M▼ 78.1%	216.43M▲ 71.3%	136.53M▲ 0%
Revenue Growth %	513.96%	230.97%	61.08%	14.92%	-58.28%	-55.15%	-65.09%	-78.12%	71.31%	-79.52%
Non-Interest Expense	461.91M	1.47B	2.27B	4.09B	1.96B	432.62M	523.9M	297.23M	323.55M	368.2M
Efficiency Ratio	32.01%	30.85%	29.48%	46.26%	53.15%	26.16%	90.72%	235.27%	149.5%	269.68%
Operating Income	713.07M▲ 0%	2.42B▲ 239.5%	2.69B▲ 11.1%	3.85B▲ 43.1%	865.6M▼ 77.5%	922.7M▲ 6.6%	-329.5M▼ 135.7%	-331.01M▼ 0.5%	-308.15M▲ 6.9%	-357.6M▲ 0%
Operating Margin %	49.42%	50.7%	34.96%	43.54%	23.47%	55.78%	-57.06%	-262%	-142.38%	-261.92%
Operating Income Growth %	408.59%	239.55%	11.07%	43.11%	-77.51%	6.6%	-135.71%	-0.46%	6.91%	-
Pretax Income	703.49M▲ 0%	2.42B▲ 244.0%	2.65B▲ 9.5%	3.89B▲ 46.9%	1.22B▼ 68.6%	846.41M▼ 30.7%	-269.62M▼ 131.9%	101.47M▲ 137.6%	157.54M▲ 55.2%	611.3M▲ 0%
Pretax Margin %	48.76%	50.68%	34.44%	44.01%	33.1%	51.17%	-46.69%	80.32%	72.79%	447.74%
Income Tax	126.84M	255.55M	157.73M	626.23M	261.98M	260.48M	92.43M	62.34M	65.81M	83.88M
Effective Tax Rate %	18.03%	10.56%	5.95%	16.1%	21.46%	30.77%	-34.28%	61.43%	41.77%	13.72%
Net Income	576.65M▲ 0%	2.16B▲ 275.3%	2.49B▲ 15.1%	3.26B▲ 31.0%	958.82M▼ 70.6%	589.07M▼ 38.6%	-361.96M▼ 161.4%	39.13M▲ 110.8%	91.73M▲ 134.4%	527.42M▲ 0%
Net Margin %	39.97%	45.33%	32.39%	36.93%	26%	35.61%	-62.68%	30.98%	42.38%	386.3%
Net Income Growth %	347.32%	275.35%	15.1%	31.03%	-70.63%	-38.56%	-161.45%	110.81%	134.41%	293.82%
Net Income (Continuing)	576.65M	2.16B	2.49B	3.26B	958.82M	585.93M	-362.05M	39.13M	91.73M	527.42M
EPS (Diluted)	1.75▲ 0%	7.09▲ 305.1%	7.74▲ 9.2%	10.86▲ 40.3%	3.59▼ 66.9%	2.27▼ 36.8%	-1.47▼ 164.8%	0.18▲ 112.2%	0.49▲ 172.2%	3.15▲ 0%
EPS Growth %	159.52%	305.14%	9.17%	40.31%	-66.94%	-36.77%	-164.76%	112.24%	172.22%	343.55%
EPS (Basic)	1.75	7.12	7.82	11.72	3.78	2.32	-1.47	0.18	0.50	-
Diluted Shares Outstanding	329.86M	305.22M	321.96M	300.46M	274.33M	266.29M	246.04M	220.46M	187.78M	167.46M

QD Balance Sheet

Qudian Inc. (QD) balance sheet — assets, liabilities & shareholders' equity

Metric	Dec'16	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	TTM
Cash & Short Term Investments	1.22B	7.13B	2.5B	3.09B	6.58B	7.99B	8.88B	9.4B	7.39B	31.81B
Cash & Due from Banks	785.77M	6.83B	2.5B	2.86B	1.54B	2.07B	3.5B	7.21B	4.26B	4.03B
Short Term Investments	430.2M	300M	0	231.13M	5.04B	5.93B	5.38B	2.2B	3.13B	4.61B
Total Investments	495.39M	344.52M	33.2M	499.07M	5.6B	6.3B	5.73B	2.54B	3.35B	4.83B
Investments Growth %	911.01%	-30.46%	-90.36%	1403.25%	1022.38%	12.44%	-9.05%	-55.58%	31.77%	105.45%
Long-Term Investments	65.19M	44.52M	33.2M	267.94M	559.14M	371.65M	350.1M	347.4M	225.09M	906.21M
Accounts Receivables	4.81B	8.75B	8.4B	7.94B	56.48M	2.2B	1.38M	-90.98M	34.28M	9.22M
Goodwill & Intangibles	128.3K	5.91M	113.81M	6.8M	8.48M	0	9.7M	0	2.21M	1.92M
Goodwill	0	0	0	0	0	0	258	0	0	0
Intangible Assets	128.3K	5.91M	113.81M	6.8M	8.48M	0	9.7M	0	2.21M	1.92M
PP&E (Net)	4.89M	4.61M	26.22M	241.67M	513.87M	959.71M	877.03M	1.47B	1.74B	1.85B
Other Assets	100.66M	24.34M	1.35B	531.42M	471.11M	443.38M	451.08M	498.84M	353.37M	280.12M
Total Current Assets	6.93B	19.19B	14.49B	17.02B	11.69B	12.22B	11.06B	10.16B	10.14B	10.39B
Total Non-Current Assets	188.66M	194.84M	1.76B	1.34B	1.71B	1.87B	1.69B	2.32B	2.32B	2.35B
Total Assets	7.12B▲ 0%	19.38B▲ 172.3%	16.25B▼ 16.1%	18.36B▲ 13.0%	13.4B▼ 27.0%	14.09B▲ 5.2%	12.75B▼ 9.5%	12.48B▼ 2.1%	12.46B▼ 0.1%	12.75B▲ 0%
Asset Growth %	166.02%	172.29%	-16.14%	12.97%	-27.03%	5.17%	-9.54%	-2.07%	-0.14%	8.2%
Return on Assets (ROA)	11.78%	16.34%	13.98%	18.86%	6.04%	4.29%	-2.7%	0.31%	0.74%	4.18%
Accounts Payable	91.51M	130.89M	109.8M	88.91M	50.37M	109.76M	107.88M	135.61M	135.24M	0
Total Debt	4.26B	8.49B	4.27B	3.43B	1.03B	1.03B	152.05M	69.7M	787.4M	732.48M
Net Debt	3.47B	1.66B	1.77B	571.8M	-509.14M	-1.03B	-3.35B	-7.14B	-3.48B	-3.3B
Long-Term Debt	76.05M	510.02M	413.4M	2.34B	924.42M	826.71M	116.25M	0	0	0
Short-Term Debt	4.18B	7.98B	3.86B	1.05B	0	0	29.06M	0	720M	720M
Other Liabilities	5.94B	0	0	0	0	10.01M	-233	0	0	0
Total Current Liabilities	4.53B	9.33B	5.02B	3.9B	472.61M	493.52M	584.93M	754.49M	1.12B	1.14B
Total Non-Current Liabilities	6.02B	510.02M	413.4M	2.54B	1.02B	1.07B	118.79M	39.76M	48.71M	32.55M
Total Liabilities	10.55B	9.84B	5.43B	6.44B	1.49B	1.57B	703.72M	794.24M	1.17B	1.17B
Total Equity	-3.43B▲ 0%	9.54B▲ 378.1%	10.82B▲ 13.4%	11.92B▲ 10.2%	11.91B▼ 0.1%	12.52B▲ 5.2%	12.04B▼ 3.8%	11.69B▼ 2.9%	11.29B▼ 3.4%	11.58B▲ 0%
Equity Growth %	47.83%	378.11%	13.42%	10.2%	-0.12%	5.15%	-3.84%	-2.95%	-3.39%	-7.29%
Equity / Assets (Capital Ratio)	-48.2%	49.23%	66.57%	64.94%	88.89%	88.88%	94.48%	93.64%	90.59%	90.82%
Return on Equity (ROE)	-	70.85%	24.47%	28.7%	8.05%	4.82%	-2.95%	0.33%	0.8%	4.62%
Book Value per Share	-10.40	31.26	33.61	39.69	43.41	47.03	48.95	53.02	60.13	69.14
Tangible BV per Share	-10.40	31.24	33.26	39.66	43.38	47.03	48.91	53.02	60.12	69.13
Common Stock	54.75K	220.98K	205.28K	175.47K	176K	175.89K	176K	175.89K	175.89K	176K
Additional Paid-in Capital	80.46M	7.57B	6.16B	3.97B	4.01B	4.02B	4.04B	4.03B	4.03B	4.03B
Retained Earnings	-3.51B	2.47B	5.07B	8.33B	8.32B	8.9B	8.54B	8.58B	8.67B	9.13B
Accumulated OCI	0	-77.95M	-44.86M	-12.97M	-51.42M	-59M	-45.96M	-24.13M	13.75M	-7.46M
Treasury Stock	0	-421.16M	-362.13M	-362.13M	-371.55M	-346.32M	-486.95M	-899.63M	-1.42B	-1.57B
Preferred Stock	0	0	0	0	471	0	0	0	0	0

QD Cash Flow Statement

Qudian Inc. (QD) cash flow — operating, investing & free cash flow history

Metric	Dec'16	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	TTM
Cash from Operations	794.06M	3.08B	3.33B	5.5B	2.47B	922.07M	260.87M	352.02M	-111M	0
Operating CF Growth %	876.06%	287.39%	8.33%	65.15%	-55.09%	-62.7%	-71.71%	34.94%	-131.53%	-100%
Net Income	576.65M	2.16B	2.49B	3.26B	958.82M	585.93M	-362.05M	39.13M	91.73M	527.42M
Depreciation & Amortization	1.5M	5.79M	12.07M	46.2M	43.95M	99.47M	64.33M	41.27M	55.47M	0
Deferred Taxes	146.63M	-97.67B	-127.95B	2.28B	1.34B	204.68M	0	0	0	0
Other Non-Cash Items	24.6M	98.31B	129.22B	23.93M	27.11M	15.98M	258.53M	-120.89M	-48.91M	-529.57M
Working Capital Changes	22.54M	208.72M	-499.88M	-194.94M	52.28M	-19.35M	276.01M	387.57M	-211.54M	0
Cash from Investing	-3.6B	-705.57M	-2.79B	-929.56M	-3.27B	-246.58M	1.88B	3.9B	-2.34B	0
Purchase of Investments	-4.91B	-1.16B	-1.35B	-676.94M	-16.88B	-19.86B	-15.54B	-19.22B	-12.6B	0
Sale/Maturity of Investments	4.53B	1.29B	1.66B	457.82M	11.87B	18.8B	16.06B	23.75B	10.59B	0
Net Investment Activity	-381.2M	130.2M	310.12M	-219.13M	-5.01B	-1.06B	519.34M	4.54B	-2.01B	0
Acquisitions	-70M	-400	0	-15M	-738.76M	0	-32.15M	0	-14M	0
Other Investing	-3.14B	-824.47M	-2.96B	-619.04M	2.7B	1.29B	1.67B	-77.57M	-4.92M	0
Cash from Financing	3.38B	3.75B	-6.73B	-3.37B	-1.59B	-84.19M	-834.99M	-565.97M	186.84M	0
Dividends Paid	-838.43M	0	0	0	0	0	0	0	0	0
Share Repurchases	0	-421.16M	-1.41B	-2.09B	-15.53M	0	-145.87M	-420.66M	-533.16M	0
Stock Issued	0	5.34B	0	0	10M	0	0	0	0	0
Net Stock Activity	0	4.92B	-1.41B	-2.09B	-5.53M	0	-145.87M	-420.66M	-533.16M	0
Debt Issuance (Net)	1000K	1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	1000K	0
Other Financing	1.63B	-5.33B	63.6M	-423.93M	209.79M	-7.72M	141	213	0	0
Net Change in Cash	575.66M▲ 0%	6.05B▲ 950.4%	-6.24B▼ 203.3%	1.28B▲ 120.5%	-2.45B▼ 291.4%	570.46M▲ 123.3%	1.33B▲ 133.0%	3.69B▲ 177.9%	-2.22B▼ 160.2%	0▲ 0%
Exchange Rate Effect	0	-77.95M	-57.68M	76.08M	-56.19M	-20.84M	18.62M	12.54M	46.24M	0
Cash at Beginning	210.11M	785.77M	9.08B	2.84B	4.12B	1.67B	2.24B	3.57B	7.27B	0
Cash at End	785.77M	6.83B	2.84B	4.12B	1.67B	2.24B	3.57B	7.27B	5.04B	0
Interest Paid	193.35M	565.45M	609.83M	361.72M	26.08M	7.72M	1.71M	0	0	0
Income Taxes Paid	54.37M	231.13M	208.64M	263.97M	638.41M	137.55M	59.11M	43.37M	144.22M	0
Free Cash Flow	789.46M▲ 0%	3.06B▲ 288.2%	3.19B▲ 4.1%	5.43B▲ 70.0%	2.25B▼ 58.5%	443.63M▼ 80.3%	-12.76M▼ 102.9%	-213.01M▼ 1569.9%	-429M▼ 101.4%	0▲ 0%
FCF Growth %	860.33%	288.22%	4.15%	70.02%	-58.54%	-80.28%	-102.88%	-1569.91%	-101.4%	-100%

QD Banking Ratios

Qudian Inc. (QD) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	TTM
Return on Equity (ROE)	-	70.85%	24.47%	28.7%	8.05%	4.82%	-2.95%	0.33%	0.8%	4.62%
Return on Assets (ROA)	11.78%	16.34%	13.98%	18.86%	6.04%	4.29%	-2.7%	0.31%	0.74%	4.18%
Net Interest Margin	0.05%	0.11%	0.22%	0.11%	4.65%	0.17%	0.48%	0.89%	1.17%	4.77%
Efficiency Ratio	32.01%	30.85%	29.48%	46.26%	53.15%	26.16%	90.72%	235.27%	149.5%	269.68%
Equity / Assets	-48.2%	49.23%	66.57%	64.94%	88.89%	88.88%	94.48%	93.64%	90.59%	90.82%
Book Value / Share	-10.4	31.26	33.61	39.69	43.41	47.03	48.95	53.02	60.13	69.14
NII Growth	53.29%	555.97%	67.49%	-43.59%	2983.82%	-96.19%	159.01%	80.42%	31.49%	302.79%
Dividend Payout	145.4%	-	-	-	-	-	-	-	-	0%

QD Frequently Asked Questions

Qudian Inc. (QD) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Qudian Inc. (QD) grew revenue by 71.3% over the past year. This is strong growth.

Yes, Qudian Inc. (QD) is profitable, generating $527.4M in net income for fiscal year 2024 (42.4% net margin).

Dividend & Returns

Qudian Inc. (QD) has a return on equity (ROE) of 0.8%. This is below average, suggesting room for improvement.

Industry Metrics

Qudian Inc. (QD) has a net interest margin (NIM) of 1.2%. NIM has been under pressure due to interest rate environment.

Qudian Inc. (QD) has an efficiency ratio of 149.5%. This is higher than peers, suggesting room for cost optimization.

What if you invested $1,000 in QD back in 2014?

Total return calculator · dividends reinvested · 12+ years of data

See returns →

How much would $100/month in QD be worth today?

Dollar cost averaging calculator · DCA vs lump sum

Calculate →

Qudian Inc.(QD)Earnings, Financials & Key Ratios

QD•NYSE•Banking & Credit

38.2× P/E·Price updated Jun 8, 2026

SectorFinancial Services IndustryCredit Services Sub-IndustryConsumer Credit Issuers and Installment Lenders

Net Interest Income$146M+31.5%
Total Revenue$216M+71.3%
Net Income$92M+134.4%
Return on Equity0.8%+142.1%
Net Interest Margin1.17%+31.7%
Efficiency Ratio149.5%-36.5%
ROA0.74%+137.1%
Equity / Assets90.59%-3.3%
Book Value per Share60.13+13.4%