LexinFintech Holdings (NAS:LX) Gross Profit

: $503 Mil (TTM As of Mar. 2023)

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LexinFintech Holdings's gross profit for the three months ended in Mar. 2023 was $131 Mil. LexinFintech Holdings's gross profit for the trailing twelve months (TTM) ended in Mar. 2023 was $503 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. LexinFintech Holdings's gross profit for the three months ended in Mar. 2023 was $131 Mil. LexinFintech Holdings's Revenue for the three months ended in Mar. 2023 was $433 Mil. Therefore, LexinFintech Holdings's Gross Margin % for the quarter that ended in Mar. 2023 was 30.28%.

LexinFintech Holdings had a gross margin of 30.28% for the quarter that ended in Mar. 2023 => Competition eroding margins

During the past 8 years, the highest Gross Margin % of LexinFintech Holdings was 50.52%. The lowest was -2.87%. And the median was 30.98%.

LexinFintech Holdings Gross Profit Historical Data

The historical data trend for LexinFintech Holdings's Gross Profit can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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LexinFintech Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Gross Profit

437.55

712.05

555.57

902.65

435.29

LexinFintech Holdings Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Gross Profit																72.63	94.59	127.82	149.66	131.07

Competitive Comparison

For the Credit Services subindustry, LexinFintech Holdings's Gross Profit, along with its competitors' market caps and Gross Profit data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Annual Data Quarterly Data

LexinFintech Holdings Gross Profit Distribution

For the Credit Services industry and Financial Services sector, LexinFintech Holdings's Gross Profit distribution charts can be found below:

* The bar in red indicates where LexinFintech Holdings's Gross Profit falls in comparison to its industry or sector. The grey bar indicates the Gross Profit's extreme value range as defined by GuruFocus.

LexinFintech Holdings Gross Profit Calculation

Gross Profit is the different between the sale prices and the cost of buying or producing the goods.

LexinFintech Holdings's Gross Profit for the fiscal year that ended in Dec. 2022 is calculated as

Gross Profit (A: Dec. 2022 )	=	Revenue	-	Cost of Goods Sold
	=	1415.123	-	979.832
	=	435

LexinFintech Holdings's Gross Profit for the quarter that ended in Mar. 2023 is calculated as

Gross Profit (Q: Mar. 2023 )	=	Revenue	-	Cost of Goods Sold
	=	432.875	-	301.802
	=	131

Gross Profit for the trailing twelve months (TTM) ended in Mar. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $503 Mil.

Gross Profit is the numerator in the calculation of Gross Margin.

LexinFintech Holdings's Gross Margin % for the quarter that ended in Mar. 2023 is calculated as

Gross Margin % (Q: Mar. 2023 )	=	Gross Profit (Q: Mar. 2023 )	/	Revenue (Q: Mar. 2023 )
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	131	/	432.875
	=	30.28 %

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

LexinFintech Holdings (NAS:LX) Gross Profit Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

LexinFintech Holdings had a gross margin of 30.28% for the quarter that ended in Mar. 2023 => Competition eroding margins

LexinFintech Holdings Gross Profit Related Terms

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LexinFintech Holdings (NAS:LX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » LexinFintech Holdings Ltd (NAS:LX) » Definitions » Gross Profit

Comparable Companies

Traded in Other Exchanges

1LFA:Germany

Address

No. 3099 Keyuan South Road, 27th Floor, China Energy Storage Tower, Nanshan District, Shenzhen, CHN, 518057

Website

http://ir.lexin.com

LexinFintech Holdings Ltd is an online consumer finance platform and a technology-driven service provider in China. The group is engaged primarily in online direct sales services and online consumer financial services for its customers in China. It offers online direct sales with installment payment terms and offers installment purchase loans and personal installment loans mainly through its retail and online consumer finance platform www.fenqile.com, and its mobile application to young adults between the age of 18 and 36 in the People's Republic of China. The company also finances the loans with proceeds from partnering peer-to-peer lending platforms, commercial banks, and other financial institutions. Geographically, it derives revenue from China.