Qfin Holdings, Inc. (QFIN) Revenue History
Annual and quarterly revenue from 2016 to present
QFIN Revenue Over Time (2016–2025)
QFIN Revenue Growth History
7 of 9 years with positive growth- FY2016 revenue growth
- N/A
- FY2017 revenue growth
- +16343.8%
- FY2018 revenue growth
- +469.2%
- FY2019 revenue growth
- +92.6%
- FY2020 revenue growth
- +89.1%
- FY2021 revenue growth
- +22.6%
- FY2022 revenue growth
- -0.5%
- FY2023 revenue growth
- -1.6%
- FY2024 revenue growth
- +5.4%
- FY2025 revenue growth
- +8.8%
| Quarter | Revenue | YoY |
|---|---|---|
| Q4 2025 | $4.04B | — |
| Q3 2025 | $5.21B | — |
| Q2 2025 | $4.33B | — |
| Q1 2025 | $4.06B | — |
| Q4 2024 | $4.48B | — |
| Q3 2024 | $4.37B | — |
| Q2 2024 | $4.16B | — |
| Q1 2024 | $4.15B | — |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2025)
QFIN's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
QFIN Revenue Analysis (2016–2025)
Current Revenue & Growth
As of June 21, 2026, Qfin Holdings, Inc. (QFIN) generated trailing twelve-month (TTM) revenue of $17.63 billion, reflecting moderate decline in growth of -10.0% year-over-year. The most recent quarter (Q4 2025) recorded $4.04 billion in revenue, down 22.5% sequentially.
Historical Growth Trajectory
QFIN's 5-year compound annual growth rate (CAGR) stands at +6.6%, indicating steady revenue expansion. The 3-year CAGR of +4.1% is below the 5-year average, signalling a growth deceleration in recent years. Qfin Holdings, Inc.'s highest annual revenue of $18.68 billion was recorded in 2025, an all-time high.
Revenue by Segment
QFIN's revenue is primarily driven by Credit Risk Taking Model (35%), Financial Service (21%), and Platform Service (13%). The diversified mix across segments reduces dependence on any single product line, which can support more resilient revenue in downturns.
Peer Comparison
Compared to Financial Services sector peers — including LX, FINV, and CNF. Compare QFIN vs LX →
QFIN Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| QFINCurrent | $17.6B | -10.0% | +6.6% | 33.9% | |
 LX | $12.8B | - | - | 17.7% | |
 FINV | $13.2B | - | - | 21.8% | |
 CNF | $626M | - | - | -11.2% | |
 UPST | $1.1B | - | - | 5.1% | |
 LC | $1.3B | - | - | 25.0% |
QFIN Historical Revenue Data (2016–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $18.68B | - | $15.23B | 81.5% | $6.33B | 33.9% |
| 2024 | $17.17B | - | $10.60B | 61.8% | $7.53B | 43.9% |
| 2023 | $16.29B | - | $10.45B | 64.1% | $4.86B | 29.8% |
| 2022 | $16.55B | - | $11.70B | 70.7% | $4.47B | 27.0% |
| 2021 | $16.64B | - | $12.84B | 77.2% | $6.79B | 40.8% |
| 2020 | $13.56B | - | $10.36B | 76.4% | $3.79B | 27.9% |
| 2019 | $7.17B | - | $6.25B | 87.1% | $2.97B | 41.4% |
| 2018 | $3.72B | - | $3.47B | 93.2% | $1.66B | 44.6% |
| 2017 | $654.3M | - | $590.0M | 90.2% | $213.0M | 32.6% |
| 2016 | $4.0M | - | $-27,648,000 | -694.8% | $-68,743,200 | -1727.6% |
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
10+ years return with dividends reinvested.
DCA Calculator
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Peer Comparison
Compare growth, multiples, and margins vs sector.
QFIN — Frequently Asked Questions
Quick answers to the most common questions about buying QFIN stock.
Is QFIN's revenue growth accelerating or slowing?
QFIN revenue is declining -10.0% year-over-year. TTM revenue fell to $17.6B, contrasting with the 5-year CAGR of +6.6%. The reversal reflects either macro headwinds or company-specific challenges.
What is QFIN's revenue history from 2016 to 2026?
Qfin Holdings, Inc. (QFIN) revenue history spans 2016 to 2026. TTM revenue as of 2026 is $17.6B, growing at -10.0% YoY. The 5-year CAGR is +6.6%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is QFIN's long-term revenue growth rate (CAGR)?
Qfin Holdings, Inc.'s 5-year revenue CAGR of +6.6% reflects the variable nature of its business expansion. As of 2026, the current YoY growth rate of -10.0% is below this long-term average. CAGR is the most reliable measure of sustained revenue momentum for QFIN.
Why does QFIN's quarterly revenue fluctuate?
QFIN quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. Qfin Holdings, Inc.'s revenue data from 2016 to 2026 shows full historical quarterly detail on this page.
How is QFIN's revenue distributed by segment?
QFIN reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does QFIN's revenue compare to industry peers?
Qfin Holdings, Inc. (QFIN) with TTM revenue of $17.6B and -10.0% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.