Qudian Inc. (QD) Revenue History
Annual and quarterly revenue from 2014 to 2024
Compound Annual Growth Rate (CAGR)
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QD Revenue Growth
Revenue Breakdown (FY 2024)
QD's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
QD Revenue Analysis (2014–2024)
As of May 8, 2026, Qudian Inc. (QD) generated trailing twelve-month (TTM) revenue of $136.5 million, reflecting significant decline in growth of -93.5% year-over-year. The most recent quarter (Q2 2025) recorded $3.5 million in revenue, down 86.5% sequentially.
Looking at the longer-term picture, QD's 5-year compound annual growth rate (CAGR) stands at -52.4%, indicating revenue contraction over this period. The company achieved its highest annual revenue of $8.84 billion in 2019.
Revenue diversification analysis shows QD's business is primarily driven by Sales Income (100%). With over half of revenue concentrated in Sales Income, the company maintains significant focus in this area while developing other growth vectors.
When compared to Financial Services sector peers including FINV, LX, and QFIN. Compare QD vs FINV →
QD Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| QDCurrent | $137M | -93.5% | -52.4% | -142.4% | |
 FINV | $13.1B | - | - | 19.4% | |
 LX | $14.2B | - | - | 16.1% | |
 QFIN | $17.2B | - | - | 43.9% | |
 CNF | $626M | - | - | -11.2% | |
 LU | $28.1B | - | - | -1.6% |
QD Historical Revenue Data (2014–2024)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $216.4M | - | $15.4M | 7.1% | $-308,148,000 | -142.4% |
| 2023 | $126.3M | - | $-33,775,516 | -26.7% | $-331,008,547 | -262.0% |
| 2022 | $577.5M | - | $194.4M | 33.7% | $-329,501,188 | -57.1% |
| 2021 | $1.65B | - | $1.36B | 81.9% | $922.7M | 55.8% |
| 2020 | $3.69B | - | $2.83B | 76.6% | $865.6M | 23.5% |
| 2019 | $8.84B | - | $7.94B | 89.8% | $3.85B | 43.5% |
| 2018 | $7.69B | - | $4.96B | 64.4% | $2.69B | 35.0% |
| 2017 | $4.78B | - | $3.89B | 81.6% | $2.42B | 50.7% |
| 2016 | $1.44B | - | $1.17B | 81.4% | $713.1M | 49.4% |
| 2015 | $235.0M | - | $86.6M | 36.8% | $-231,078,478 | -98.3% |
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Start ComparisonQD — Frequently Asked Questions
Quick answers to the most common questions about buying QD stock.
Is QD's revenue growth accelerating or slowing?
QD revenue declined -93.5% year-over-year, contrasting with the 5-year CAGR of -52.4%. TTM revenue fell to $137M. This reverses the prior growth trend.
What is QD's long-term revenue growth rate?
Qudian Inc.'s 5-year revenue CAGR of -52.4% reflects the variable expansion pattern. Current YoY growth of -93.5% is below this long-term average.
How is QD's revenue distributed by segment?
QD reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2024 are available for download. Segment mix reveals concentration and diversification trends.