Q1 2026 Lexinfintech Holdings Ltd Earnings Call Transcript
Key Points
- LexinFintech Holdings Ltd (LX) demonstrated strong operational resilience despite macroeconomic and industry challenges.
- The company's diversified business ecosystem, including installment e-commerce, offline inclusive finance, and Fintech empowerment businesses, accounted for nearly 50% of the total loan volume, becoming new growth drivers.
- Loan volume increased by 15.9% quarter-over-quarter and 12.2% year-over-year, reaching RMB57.9 billion.
- The number of active users rose by 14.1% quarter-over-quarter and 8.6% year-over-year, with new active users increasing by 63.3% quarter-over-quarter and 101.6% year-over-year.
- LexinFintech Holdings Ltd (LX) achieved a net profit of RMB201 million, with key risk indicators showing improvement and maintaining a stable trend.
- The online consumer finance business faced pressure due to macro uncertainties, impacting overall revenue growth.
- Operating expenses increased by 13.8% or RMB169 million, driven by higher sales and marketing expenses.
- Net income decreased by 5.9% or RMB13 million quarter-over-quarter, despite revenue growth.
- The company temporarily suspended new share repurchases due to ongoing macro uncertainties.
- The credit facilitation service income, a capital-heavy business, declined by about 10% or RMB253 million, reflecting volume and pricing headwinds.
Good day and thank you for standing by. Welcome to Lexin first quarter 2026 earnings conference call. (Operator Instructions) Please be advised that today's conference is being recorded.
I'd now like to hand the conference over to your first speaker today, Will Tan, IR Director of the company. Please go ahead.
Thank you, operator. Hello, everyone. Welcome to our first quarter 2026 earnings conference call. Our results were released earlier today and concurrently available on our IR website. Today, you will hear from our Chairman and CEO, Mr. Jay Wenjie Xiao, who will provide an update on our overall performance and the strategies of our business. Our CFO, Mr. Arvin Zhanwen Qiao, will then provide more details on our risk management initiatives and updates. Lastly, our CFO, Mr. James Zheng, will discuss our financial performance.
Before we continue, I would like to refer you to our safe harbor statement in our earnings press release, which also applies to this call as we will be
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