Earnings release
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LexinFintech Holdings Ltd. Reports Second Quarter 2026 Unaudited Financial Results August 31, 2026 at 1:00 AM EDT SHENZHEN, China, Aug. 31, 2026 (GLOBE NEWSWIRE) -- LexinFintech Holdings Ltd. (“Lexin” or the “Company”) (NASDAQ: LX), a leading technology- empowered personal financial service enabler in China, today announced its unaudited financial results for the quarter ended June 30, 2026. Mr. Jay Wenjie Xiao, Chairman and Chief Executive Officer of Lexin, commented, "During the second quarter, the industry environment remained complex. Nevertheless, by prioritizing regulatory compliance and leveraging our diversified business ecosystem, we maintained our operational resilience. For the quarter, our GMV reached 55.4 billion, with total revenue of 3.2 billion and net income of 101 million. In late June, risk events involving certain industry peers led to a sector-wide tightening of funding supply, impacting broader market sentiment and loan volume. In response, we have taken a disciplined approach to fortify our position: carefully managing our cost structure to enhance operational resilience, refining our risk parameters to safeguard asset quality, optimizing liquidity management for capital efficiency, and advancing our business diversification. While near-term market uncertainty may persist for some time, our diversified business ecosystem provides a foundation for long-term sustainable operations and tech-empowerment transformation. We remain confident in the long-term fundamentals of our business. Looking ahead, given the ongoing industry uncertainties, the Board has made a prudent decision to adjust our dividend policy to an annual evaluation cycle to preserve liquidity and maintain a financial buffer to support our business transformation. When market conditions stabilize and our operational performance recovers, the Board will actively evaluate options, including potential share repurchases, to enhance shareholder returns," Mr. Xiao concluded. Mr. James Zheng, Chief Financial Officer of Lexin, commented, "During the second quarter, we continued to advance our business transformation under the new regulatory framework that took effect in the fourth quarter of last year, achieving progress that largely met our expectations. The recent risk events involving certain industry players have sector-wide effects, and we have been correspondingly impacted by these headwinds. While we are taking proactive measures to mitigate these uncertainties, our near-term performance will foreseeably remain under considerable pressure. As we manage through this industry transition, we remain highly disciplined, scaling back volume to prioritize asset quality. Our immediate focus is to safeguard our liquidity, fortify our balance sheet, and position the Company to resume sustainable growth once market conditions normalize." Second Quarter Operational Highlights: User Base Total number of registered users across our platform reached 253 million as of June 30, 2026, representing an increase of 7.2% from 236 million as of June 30, 2025. Number of active users1 in the second quarter of 2026 was 5.0 million, representing an increase of 6.1% from 4.7 million in the second quarter of 2025. Number of cumulative borrowers with successful drawdown was 39.2 million as of June 30, 2026, an increase of 11.4% from 35.2 million as of June 30, 2025. Loan Facilitation Business As of June 30, 2026, we cumulatively originated RMB1,644 billion in loans, an increase of 15.0% from RMB1,430 billion as of June 30, 2025. Total loan originations2 in the second quarter of 2026 was RMB55.4 billion, an increase of 4.8% from RMB52.9 billion in the second quarter of 2025. Total outstanding principal balance of loans3 was RMB93.7 billion as of June 30, 2026, representing a decrease of 11.4% from RMB106 billion as of June 30, 2025. Credit Performance4 90 day+ delinquency ratio5 was 3.6% as of June 30, 2026, as compared with 3.5% as of March 31, 2026. First payment default rate (30 day+) for new loan originations was below 1% as of June 30, 2026. Installment E-commerce Platform Service GMV6 in the second quarter of 2026 for our installment e-commerce platform service was RMB2,342 million, representing an increase of 15.5% from RMB2,029 million in the second quarter of 2025. In the second quarter of 2026, our installment e-commerce platform service served over 700,000 users. Other Operational Highlights The weighted average tenor of loans originated in the second quarter of 2026 was approximately 10.7 months, as compared with 13.2 months in the second quarter of 2025. Repeated borrowersʼ contribution7 of loans across our platform for the second quarter of 2026 was 85.7%. Second Quarter 2026 Financial Highlights: Total operating revenue was RMB3,187 million, representing a decrease of 11.2% from the second quarter of 2025. Credit facilitation service income was RMB1,930 million, representing a decrease of 15.0% from the second quarter of 2025. Tech-empowerment service income was RMB473 million, representing a decrease of 43.0% from the second quarter of 2025. Installment e-commerce platform service income was RMB784 million, representing an increase of 60.8% from the second quarter of 2025. Net income attributable to ordinary shareholders of the Company was RMB101 million, representing a decrease of 80.2% from the second quarter of 2025. Net income per ADS attributable to ordinary shareholders of the Company was RMB0.61 on a fully diluted basis. Adjusted net income attributable to ordinary shareholders of the Company8 was RMB127 million, representing a decrease of 76.4% from the second quarter of 2025. Adjusted net income per ADS attributable to ordinary shareholders of the Company8 was RMB0.76 on a fully diluted basis. __________________________ 1. Active users refer to, for a specified period, users who made at least one transaction during that period through our platform or through our third-party partnersʼ platforms using the credit line granted by us. 2. Total loan originations refer to the total principal amount of loans originated during the given period through our platform or through our third-party partners' platforms.
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3. Total outstanding principal balance of loans refers to the total amount of principal outstanding for loans facilitated and originated at the end of each period, including loans guaranteed by our financial guarantee companies and the loans facilitated across third party platforms that we bear principal risk and excluding loans delinquent for more than 180 days that are charged-off. 4. Loans under Intelligent Credit Platform are excluded from the calculation of credit performance. Intelligent Credit Platform (ICP) is an intelligent platform on our “Fenqile” app, under which we match borrowers and financial institutions through big data and cloud computing technology. For loans facilitated through ICP, the Company does not bear principal risk. 5. “90 day+ delinquency rate” refers to the outstanding principal balance of on- and off-balance sheet loans that were 91 to 180 calendar days past due as a percentage of the total outstanding principal balance of on- and off-balance sheet loans across our platform and those loans across third party platforms that we bear principle risk as of a specific date. Loans that are charged-off and loans under “ICP”, E-commerce business and overseas are not included in the delinquency rate calculation. 6. GMV refers to the total value of transactions completed for products purchased on our e-commerce and Maiya channel, net of returns. 7. Repeated borrowersʼ contribution for a given period refers to the principal amount of loans borrowed during that period by borrowers who had previously made at least one successful drawdown as a percentage of the total loan facilitation and origination volume through our platform during that period. 8. Adjusted net income attributable to ordinary shareholders of the Company, adjusted net income per ordinary share and per ADS attributable to ordinary shareholders of the Company are non-GAAP financial measures. For more information on non-GAAP financial measures, please see the section of “Use of Non-GAAP Financial Measures Statement” and the tables captioned “Unaudited Reconciliations of GAAP and Non-GAAP Results” set forth at the end of this press release. Second Quarter 2026 Financial Results: Operating revenue was RMB3,187 million in the second quarter of 2026, as compared to RMB3,587 million in the second quarter of 2025. Credit facilitation service income was RMB1,930 million in the second quarter of 2026, as compared to RMB2,270 million in the second quarter of 2025. The decrease was due to the decrease in loan facilitation and servicing fees-credit oriented revenue, as well as financing income. Loan facilitation and servicing fees-credit oriented was RMB738 million in the second quarter of 2026, as compared to RMB1,131 million in the second quarter of 2025. The decrease was primarily due to the decrease in the APR of off-balance sheet loans and the decrease in origination of off-balance sheet loans. Guarantee income was RMB759 million in the second quarter of 2026, as compared to RMB571 million in the second quarter of 2025. The increase was primarily due to the increase of outstanding balances in the off-balance sheet loans funded by certain institutional funding partners, which are accounted for under ASC 460, Guarantees. Financing income was RMB433 million in the second quarter of 2026, as compared to RMB568 million in the second quarter of 2025.The decrease was primarily driven by the decrease in the outstanding balances of on-balance sheet loans. Tech-empowerment service income was RMB473 million in the second quarter of 2026, as compared to RMB830 million in the second quarter of 2025. The decrease was primarily due to the decrease of loan facilitation volume through ICP. Installment e-commerce platform service income was RMB784 million in the second quarter of 2026, as compared to RMB487 million in the second quarter of 2025. The increase was primarily driven by the increase in transaction volume. Cost of sales consisted of cost of inventory sold and other costs. Cost of sales was RMB484 million in the second quarter of 2026, as compared to RMB426 million in the second quarter of 2025. The increase was primarily driven by the increase in transaction volume of online direct sales which is recorded on a gross basis. Funding cost was RMB24.5 million in the second quarter of 2026, as compared to RMB59.9 million in the second quarter of 2025. The decrease was primarily driven by the decrease in funding rates and balance of funding debts to fund the on-balance sheet loans. Processing and servicing costs was RMB546 million in the second quarter of 2026, as compared to RMB606 million in the second quarter of 2025. Provision for financing receivables was RMB410 million in the second quarter of 2026, as compared to RMB257 million in the second quarter of 2025. The increase was primarily due to the decrease in performance of the on-balance sheet loans. Provision for contract assets and receivables was RMB174 million in the second quarter of 2026, as compared to RMB164 million in the second quarter of 2025. Provision for contingent guarantee liabilities was RMB1,052 million in the second quarter of 2026, as compared to RMB802 million in the second quarter of 2025. The increase was primarily due to the increase of outstanding balances in the off-balance sheet loans funded by certain institutional funding partners, which are accounted for under ASC 460, Guarantees. Gross profit was RMB496 million in the second quarter of 2026, as compared to RMB1,273 million in the second quarter of 2025. Sales and marketing expenses was RMB347 million in the second quarter of 2026, as compared to RMB567 million in the second quarter of 2025. The decrease was primarily driven by the decrease in advertising fees. Research and development expenses was RMB147 million in the second quarter of 2026, as compared to RMB158 million in the second quarter of 2025. General and administrative expenses was RMB107 million in the second quarter of 2026, as compared to RMB96.0 million in the second quarter of 2025. Change in fair value of financial guarantee derivatives and loans at fair value was a gain of RMB238 million in the second quarter of 2026, as compared to a gain of RMB184 million in the second quarter of 2025. The change was primarily driven by the fair value gains realized as a result of the release of guarantee obligation as loans are repaid, partially offset by the fair value loss from the re-measurement of the expected loss rates. Income tax expense was RMB53.5 million in the second quarter of 2026, as compared to RMB120 million in the second quarter of 2025. The decrease was primarily due to the decrease in income before income tax expense. Net income was RMB101 million in the second quarter of 2026, as compared to RMB511 million in the second quarter of 2025. Recent Development
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Update of Share Repurchase Program Pursuant to the Companyʼs share repurchase program of up to US$50 million adopted in July 2025, the Company repurchased a total of approximately 9.6 million ADSs (equivalent to 19.2 million Class A ordinary shares) for approximately US$39 million. The total number of shares repurchased by the Company since the adoption of the share repurchase program amounted to approximately 5.8% of its total ordinary shares outstanding as of June 30, 2026. Updated Dividend Policy On August 31, 2026, the Board approved an updated dividend policy, under which the Company will distribute 30% of total net income as cash dividends on an annual basis, effective from fiscal year 2026. This represents a change from the previous semi-annual distribution. Any potential dividend for fiscal year 2026 will be determined in conjunction with the announcement of the Company's full-year results in early 2027. Business Outlook Looking ahead, given the ongoing industry and regulatory uncertainties, we anticipate total loan origination for the third quarter of 2026 to decrease significantly on a quarter-over-quarter basis and we may incur a net loss for the quarter. This forecast reflects our current preliminary views, which are subject to the impact of macroeconomic factors. The Company may adjust its performance outlook as appropriate based on evolving circumstances. Conference Call The Companyʼs management will host an earnings conference call at 7:00 AM U.S. Eastern time on August 31, 2026 (7:00 PM Beijing/Hong Kong time on August 31, 2026). Participants who wish to join the conference call should register online at: https://register-conf.media-server.com/register/BI1de4908791bd49b8b7d1448ef38c027a Once registration is completed, each participant will receive the dial-in number and a unique access PIN for the conference call. Participants joining the conference call should dial in at least 10 minutes before the scheduled start time. A live and archived webcast of the conference call will also be available at the Company's investor relations website at http://ir.lexin.com. About LexinFintech Holdings Ltd. We are a leading credit technology-empowered personal financial service enabler. Our mission is to use technology and risk management expertise to make financing more accessible for young generation consumers. We strive to achieve this mission by connecting consumers with financial institutions, where we facilitate through a unique model that includes online and offline channels, installment consumption platform, big data and AI driven credit risk management capabilities, as well as smart user and loan management systems. We also empower financial institutions by providing cutting-edge proprietary technology solutions to meet their needs of financial digital transformation. For more information, please visit http://ir.lexin.com. To follow us on Twitter, please go to: https://twitter.com/LexinFintech. Use of Non-GAAP Financial Measures Statement In evaluating our business, we consider and use adjusted net income attributable to ordinary shareholders of the Company, non-GAAP EBIT, adjusted net income per ordinary share and per ADS attributable to ordinary shareholders of the Company, four non-GAAP measures, as supplemental measures to review and assess our operating performance. The presentation of the non-GAAP financial measures is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with U.S. GAAP. We define adjusted net income attributable to ordinary shareholders of the Company as net income attributable to ordinary shareholders of the Company excluding share-based compensation expenses, interest expense associated with convertible notes, and investment income/(loss) and we define non-GAAP EBIT as net income excluding income tax expense, share-based compensation expenses, interest expense, net, and investment income/(loss). We present these non-GAAP financial measures because they are used by our management to evaluate our operating performance and formulate business plans. Adjusted net income attributable to ordinary shareholders of the Company enables our management to assess our operating results without considering the impact of share-based compensation expenses, interest expense associated with convertible notes, and investment income/(loss). Non- GAAP EBIT, on the other hand, enables our management to assess our operating results without considering the impact of income tax expense, share-based compensation expenses, interest expense, net, and investment income/(loss). We also believe that the use of these non-GAAP financial measures facilitates investorsʼ assessment of our operating performance. These non-GAAP financial measures are not defined under U.S. GAAP and are not presented in accordance with U.S. GAAP. These non-GAAP financial measures have limitations as an analytical tool. One of the key limitations of using adjusted net income attributable to ordinary shareholders of the Company and non-GAAP EBIT is that they do not reflect all items of income and expense that affect our operations. Share-based compensation expenses, interest expense associated with convertible notes, income tax expense, interest expense, net, and investment income/(loss) have been and may continue to be incurred in our business and are not reflected in the presentation of adjusted net income attributable to ordinary shareholders of the Company and non-GAAP EBIT. Further, these non-GAAP financial measures may differ from the non-GAAP financial information used by other companies, including peer companies, and therefore their comparability may be limited. We compensate for these limitations by reconciling each of the non-GAAP financial measures to the most directly comparable U.S. GAAP financial measure, which should be considered when evaluating our performance. We encourage you to review our financial information in its entirety and not rely on a single financial measure. Exchange Rate Information Statement This announcement contains translations of certain RMB amounts into U.S. dollars (“US$”) at specified rates solely for the convenience of the reader. Unless otherwise stated, all translations from RMB to US$ were made at the rate of RMB6.7851 to US$1.00, the exchange rate set forth in the H.10 statistical release of the Federal Reserve Board on June 30, 2026. The Company makes no representation that the RMB or US$ amounts referred could be converted into US$ or RMB, as the case may be, at any particular rate or at all.
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Safe Harbor Statement This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about Lexinʼs beliefs and expectations, are forward-looking statements. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident” and similar statements. Among other things, the expectation of the collection efficiency and delinquency, business outlook and quotations from management in this announcement, contain forward-looking statements. Lexin may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the “SEC”), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Lexinʼs goal and strategies; Lexinʼs expansion plans; Lexinʼs future business development, financial condition and results of operations; Lexinʼs expectation regarding demand for, and market acceptance of, its credit and investment management products; Lexinʼs expectations regarding keeping and strengthening its relationship with borrowers, institutional funding partners, merchandise suppliers and other parties it collaborates with; general economic and business conditions; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in Lexinʼs filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and Lexin does not undertake any obligation to update any forward-looking statement, except as required under applicable law. For investor and media inquiries, please contact: LexinFintech Holdings Ltd. IR inquiries: Will Tan Tel: +86 (755) 3637-8888 ext. 6258 E-mail: willtan@lexin.com Media inquiries: Ruifeng Xu Tel: +86 (755) 3637-8888 ext. 6993 E-mail: media@lexin.com SOURCE LexinFintech Holdings Ltd.
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LexinFintech Holdings Ltd. Unaudited Condensed Consolidated Balance Sheets As of (In thousands) December 31, 2025 June 30, 2026 RMB RMB US$ ASSETS Current Assets Cash and cash equivalents 2,156,133 1,232,362 181,628 Restricted cash 1,717,773 1,164,978 171,697 Restricted term deposit and short-term investments 78,458 51,671 7,615 Short-term financing receivables, net(1) 5,450,418 4,749,246 699,952 Short-term contract assets and receivables, net(1) 3,763,096 3,699,274 545,206 Deposits to insurance companies and guarantee companies 2,187,609 2,234,221 329,283 Prepayments and other current assets 2,858,054 4,323,650 637,227 Amounts due from related parties 84,531 132,320 19,502 Inventories, net 24,119 26,321 3,879 Total Current Assets 18,320,191 17,614,043 2,595,989 Non-current Assets Restricted cash 91,937 82,831 12,208 Long-term financing receivables, net(1) 167,378 108,331 15,966 Long-term contract assets and receivables, net(1) 317,496 215,181 31,714 Property, equipment and software, net 895,046 1,018,803 150,153 Land use rights, net 828,467 811,267 119,566 Long-term investments 243,971 243,960 35,955 Deferred tax assets 1,763,235 1,857,317 273,735 Other assets 535,242 430,349 63,426 Total Non-current Assets 4,842,772 4,768,039 702,723 TOTAL ASSETS 23,162,963 22,382,082 3,298,712 LIABILITIES Current liabilities Accounts payable 101,178 148,155 21,835 Amounts due to related parties 8,708 9,172 1,352 Short-term borrowings and current portion of long-term borrowings 905,791 839,501 123,727 Short-term funding debts 2,440,685 998,347 147,138 Deferred guarantee income 1,305,911 1,558,203 229,651 Contingent guarantee liabilities 544,191 571,066 84,165 Accruals and other current liabilities 4,371,484 4,314,904 635,938 Total Current Liabilities 9,677,948 8,439,348 1,243,806 Non-current Liabilities Long-term borrowings 566,015 639,695 94,279 Long-term funding debts 850,590 1,209,872 178,313 Deferred tax liabilities 105,212 81,401 11,997 Other long-term liabilities 10,567 10,550 1,555 Total Non-current Liabilities 1,532,384 1,941,518 286,144 TOTAL LIABILITIES 11,210,332 10,380,866 1,529,950 Shareholdersʼ equity: Class A Ordinary Shares 209 184 28 Class B Ordinary Shares 41 41 7 Treasury stock (493,846) (269,850) (39,771 ) Additional paid-in capital 3,396,667 3,142,342 463,124 Statutory reserves 1,260,923 1,260,923 185,837 Accumulated other comprehensive income (27,597) (27,342) (4,030) Retained earnings 7,816,234 7,894,918 1,163,567 Total shareholdersʼ equity 11,952,631 12,001,216 1,768,762 TOTAL LIABILITIES AND SHAREHOLDERSʼ EQUITY 23,162,963 22,382,082 3,298,712 __________________________ (1) Short-term financing receivables, net of allowance for credit losses of RMB198,694 and RMB264,769 as of December 31, 2025 and June 30, 2026, respectively. Short-term contract assets and receivables, net of allowance for credit losses of RMB259,054 and RMB294,664 as of December 31, 2025 and June 30, 2026, respectively. Long-term financing receivables, net of allowance for credit losses of RMB3,723 and RMB3,691 as of December 31, 2025 and June 30, 2026, respectively. Long-term contract assets and receivables, net of allowance for credit losses of RMB14,569 and RMB4,598 as of December 31, 2025 and June 30, 2026, respectively.
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LexinFintech Holdings Ltd. Unaudited Condensed Consolidated Statements of Operations For the Three Months Ended June 30, For the Six Months Ended June 30, (In thousands, except for share and per share data) 2025 2026 2025 2026 RMB RMB US$ RMB RMB US$ Operating revenue: Credit facilitation service income 2,269,846 1,930,271 284,487 4,460,712 4,161,942 613,394 Loan facilitation and servicing fees-credit oriented 1,130,734 738,377 108,823 2,266,963 1,776,306 261,795 Guarantee income 571,181 758,525 111,793 1,118,995 1,485,601 218,950 Financing income 567,931 433,369 63,871 1,074,754 900,035 132,649 Tech-empowerment service income 830,124 473,053 69,719 1,454,974 1,025,853 151,192 Installment e-commerce platform service income 487,444 783,684 115,501 775,827 1,308,351 192,827 Total operating revenue 3,587,414 3,187,008 469,707 6,691,513 6,496,146 957,413 Operating cost Cost of sales (425,900) (484,419) (71,395) (687,932) (833,118) (122,786) Funding cost (59,940) (24,504) (3,611 ) (142,944) (80,146) (11,812) Processing and servicing cost (605,652) (546,287) (80,513) (1,156,793) (1,180,137) (173,931 ) Provision for financing receivables (256,857) (410,100) (60,441 ) (439,006) (750,760) (110,648) Provision for contract assets and receivables (164,224) (173,689) (25,599) (293,909) (310,198) (45,718) Provision for contingent guarantee liabilities (802,157) (1,052,289) (155,088) (1,479,337) (2,011,441 ) (296,450) Total operating cost (2,314,730) (2,691,288) (396,647) (4,199,921) (5,165,800) (761,345) Gross profit 1,272,684 495,720 73,060 2,491,592 1,330,346 196,068 Operating expenses: Sales and marketing expenses (567,025) (346,996) (51,141 ) (1,060,153) (858,952) (126,594) Research and development expenses (157,680) (146,681 ) (21,618) (313,306) (294,973) (43,474) General and administrative expenses (96,010) (107,320) (15,817) (196,763) (204,825) (30,187) Total operating expenses (820,715) (600,997) (88,576) (1,570,222) (1,358,750) (200,255) Change in fair value of financial guarantee derivatives and loans at fair value 184,089 238,381 35,133 258,728 399,600 58,894 Interest expense, net (4,621 ) (6,395) (943) (9,323) (11,703) (1,725) Investment loss (5,126) (4,138) (610) (16,825) (7,646) (1,127) Others, net 4,997 32,211 4,747 8,829 72,341 10,662 Income before income tax expense 631,308 154,782 22,811 1,162,779 424,188 62,517 Income tax expense (119,907) (53,467) (7,880) (221,054) (121,433) (17,897) Net income 511,401 101,315 14,931 941,725 302,755 44,620 Net income attributable to ordinary shareholders of the Company 511,401 101,315 14,931 941,725 302,755 44,620 Net income per ordinary share attributable to ordinary shareholders of the Company Basic 1.50 0.31 0.05 2.78 0.91 0.13 Diluted 1.43 0.30 0.04 2.62 0.90 0.13 Net income per ADS attributable to ordinary shareholders of the Company Basic 3.00 0.61 0.09 5.55 1.83 0.27 Diluted 2.85 0.61 0.09 5.25 1.81 0.27 Weighted average ordinary shares outstanding Basic 340,489,44 7 330,298,99 8 330,298,99 8 339,288,25 8 330,946,36 9 330,946,36 9 Diluted 358,475,57 5 333,417,48 3 333,417,48 3 359,067,91 1 335,031,82 0 335,031,82 0 LexinFintech Holdings Ltd. Unaudited Condensed Consolidated Statements of Comprehensive Income For the Three Months Ended June 30, For the Six Months Ended June 30, (In thousands) 2025 2026 2025 2026 RMB RMB US$ RMB RMB US$ Net income 511,401 101,315 14,931 941,725 302,755 44,620 Other comprehensive income Foreign currency translation adjustment, net of nil tax 7,695 (2,707) (399) 5,436 255 38 Total comprehensive income 519,096 98,608 14,532 947,161 303,010 44,658 Total comprehensive income attributable to ordinary shareholders of the Company 519,096 98,608 14,532 947,161 303,010 44,658
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LexinFintech Holdings Ltd. Unaudited Reconciliations of GAAP and Non-GAAP Results For the Three Months Ended June 30, For the Six Months Ended June 30, (In thousands, except for share and per share data) 2025 2026 2025 2026 RMB RMB US$ RMB RMB US$ Reconciliation of Adjusted net income attributable to ordinary shareholders of the Company to Net income attributable to ordinary shareholders of the Company Net income attributable to ordinary shareholders of the Company 511,401 101,315 14,931 941,725 302,755 44,620 Add: Share-based compensation expenses 24,183 22,022 3,246 53,724 45,128 6,651 Investment loss 5,126 4,138 610 16,825 7,646 1,127 Adjusted net income attributable to ordinary shareholders of the Company 540,710 127,475 18,787 1,012,274 355,529 52,398 Adjusted net income per ordinary share attributable to ordinary shareholders of the Company Basic 1.59 0.39 0.06 2.98 1.07 0.16 Diluted 1.51 0.38 0.06 2.82 1.06 0.16 Adjusted net income per ADS attributable to ordinary shareholders of the Company Basic 3.18 0.77 0.11 5.97 2.15 0.32 Diluted 3.02 0.76 0.11 5.64 2.12 0.31 Weighted average shares used in calculating net income per ordinary share for non-GAAP EPS Basic 340,489,44 7 330,298,99 8 330,298,99 8 339,288,25 8 330,946,36 9 330,946,36 9 Diluted 358,475,57 5 333,417,48 3 333,417,48 3 359,067,911 335,031,82 0 335,031,82 0 Reconciliations of Non-GAAP EBIT to Net income Net income 511,401 101,315 14,931 941,725 302,755 44,620 Add: Income tax expense 119,907 53,467 7,880 221,054 121,433 17,897 Share-based compensation expenses 24,183 22,022 3,246 53,724 45,128 6,651 Interest expense, net 4,621 6,395 943 9,323 11,703 1,725 Investment loss 5,126 4,138 610 16,825 7,646 1,127 Non-GAAP EBIT 665,238 187,337 27,610 1,242,651 488,665 72,020 Additional Credit Information Vintage Charge Off Curve1 Dpd30+/GMV by Performance Windows1
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First Payment Default 30+1 1. Loans facilitated under ICP and E-commerce business are excluded from the charts. Vintage Charge Off Curve¹ Vintage Charge Off Curve¹ Dpd30+/GMV by Performance Windows¹ Dpd30+/GMV by Performance Windows¹ First Payment Default 30+¹ First Payment Default 30+¹ Source: LexinFintech Holdings Ltd.