On November 24, Beijing time, LexinFintech (NASDAQ: LX), a prominent Chinese digital technology service provider focused on new consumption, released its unaudited financial results for the third quarter of 2025. Despite ongoing pressures from a complex macroeconomic environment and cyclical industry challenges, Lexin’s well-established ecosystem business model continued to show strong resilience. Overall performance in Q3 remained steady, with revenue reaching CNY 3.42 billion and Non-GAAP EBIT totaling CNY 675 million, marking a 1.5% quarter-on-quarter increase. These results highlight Lexin’s commitment to long-term growth, its user-first philosophy, and the strength of its differentiated competitive positioning.
From a scale perspective, the company achieved a transaction volume of CNY 50.89 billion during the quarter, while managed loan balances stood at CNY 101.84 billion. Total users reached 240 million, representing a 7.7% year-on-year increase, underscoring continued expansion of its user base.
In terms of asset quality, Lexin delivered further improvements. The overall 90-day-plus non-performing loan (NPL) ratio declined by 15 basis points compared with the previous quarter and by 74 basis points year-on-year, reflecting sustained strength in risk management and credit quality.
Financial performance indicators also showed consistent progress. The net profit take rate rose to 2%, improving by 9 basis points quarter-over-quarter and 92 basis points year-on-year, marking the seventh consecutive quarter of steady enhancement.
Alongside stable operational results, Lexin continued to emphasize shareholder value. The company distributed its first-half dividend during the third quarter. For the second half of the year, the dividend payout ratio has been raised from 25% to 30%, in line with prior guidance. Additionally, more than half of the previously announced US$60 million share repurchase and share accumulation program has already been completed.
Commenting on the results, LexinFintech CEO Xiao Wenjie said: “With the rollout of new regulatory measures, the industry is moving toward a healthier and more standardized development path. We will continue to broaden our coverage across diverse consumer scenarios, deepen our services for micro and small enterprises, and increase investment in financial technology. Our multi-business ecosystem will further showcase its differentiated competitive advantages. At the same time, we remain committed to strengthening our user-centric operating framework, with greater focus on user experience and consumer protection, ensuring Lexin is well prepared for long-term sustainable growth.”