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LexinFintech (LX) Revenue & Revenue Breakdown

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LexinFintech Revenue Highlights

Latest Revenue (Y)

$13.06B

Latest Revenue (Q)

$3.24B

Main Segment (Y)

Service

LexinFintech Revenue by Period

LexinFintech Revenue by Year

DateRevenueChange
2023-12-31$13.06B32.35%
2022-12-31$9.87B-13.31%
2021-12-31$11.38B-2.27%
2020-12-31$11.65B9.82%
2019-12-31$10.60B39.58%
2018-12-31$7.60B36.09%
2017-12-31$5.58B28.66%
2016-12-31$4.34B71.83%
2015-12-31$2.52B-

LexinFintech generated $13.06B in revenue during NA 2023, up 32.35% compared to the previous quarter, and up 171.87% compared to the same period a year ago.

LexinFintech Revenue by Quarter

DateRevenueChange
2024-03-31$3.24B-7.62%
2023-12-31$3.51B0.01%
2023-09-30$3.51B14.83%
2023-06-30$3.06B2.44%
2023-03-31$2.98B-2.21%
2022-12-31$3.05B13.38%
2022-09-30$2.69B11.50%
2022-06-30$2.41B40.91%
2022-03-31$1.71B-22.14%
2021-12-31$2.20B-25.92%
2021-09-30$2.97B-9.18%
2021-06-30$3.27B11.05%
2021-03-31$2.94B-2.95%
2020-12-31$3.03B-3.83%
2020-09-30$3.15B6.63%
2020-06-30$2.96B18.32%
2020-03-31$2.50B-20.58%
2019-12-31$3.15B-1.25%
2019-09-30$3.19B27.88%
2019-06-30$2.49B26.58%
2019-03-31$1.97B-5.93%
2018-12-31$2.09B23.58%
2018-09-30$1.69B-4.98%
2018-06-30$1.78B13.53%
2018-03-31$1.57B-1.45%
2017-12-31$1.59B9.70%
2017-09-30$1.45B10.30%
2017-06-30$1.32B8.09%
2017-03-31$1.22B-12.33%
2016-12-31$1.39B-

LexinFintech generated $3.24B in revenue during Q1 2024, up -7.62% compared to the previous quarter, and up 106.28% compared to the same period a year ago.

LexinFintech Revenue Breakdown

LexinFintech Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 24Dec 23Dec 22Dec 21Dec 20
Service, Other$85.61M$164.88M$58.23M$86.30M-
Service$1.32B$1.75B$2.06B$1.86B$2.08B
Membership Services---$107.90M$113.11M
Online Direct Sales---$1.66B$1.90B
Credit Oriented Services Income----$7.53B
Guarantees----$2.32B
Interest And Financial Services Income And Other Revenues----$1.42B
Loan Facilitation And Servicing Fees Credit Oriented----$3.79B
Loan Facilitation And Servicing Fees Performance Based----$1.93B
Loan Facilitation And Servicing Fees Volume Based----$106.01M
Platform Based Services Income----$2.04B
Service Other----$68.89M

LexinFintech's latest annual revenue breakdown by segment (product or service), as of Dec 24: Service (93.92%), and Service, Other (6.08%).

LexinFintech Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
LULufax$28.12B$5.58B
QFINQifu$16.29B$3.32B
LXLexinFintech$13.06B$3.24B
FINVFinVolution Group$12.55B$3.17B
YRDYiren Digital$4.90B$1.27B
XYFX Financial$4.81B$578.58M
NAVINavient$3.81B$948.00M
ENVAEnova$2.66B$689.92M
ATLCAtlanticus$299.40M$350.95M
LCLendingClub$252.97M$335.61M
QDQudian$126.34M$55.02M
SNTGSentage$146.55K$146.47K

LX Revenue FAQ

What is LexinFintech’s yearly revenue?

LexinFintech's yearly revenue for 2023 was $13.06B, representing an increase of 32.35% compared to 2022. The company's yearly revenue for 2022 was $9.87B, representing a decrease of -13.31% compared to 2021. LX's yearly revenue for 2021 was $11.38B, representing a decrease of -2.27% compared to 2020.

What is LexinFintech’s quarterly revenue?

LexinFintech's quarterly revenue for Q1 2024 was $3.24B, a -7.62% decrease from the previous quarter (Q4 2023), and a 8.68% increase year-over-year (Q1 2023). The company's quarterly revenue for Q4 2023 was $3.51B, a 0.01% increase from the previous quarter (Q3 2023), and a 15.05% increase year-over-year (Q4 2022). LX's quarterly revenue for Q3 2023 was $3.51B, a 14.83% increase from the previous quarter (Q2 2023), and a 30.43% increase year-over-year (Q3 2022).

What is LexinFintech’s revenue growth rate?

LexinFintech's revenue growth rate for the last 3 years (2021-2023) was 14.73%, and for the last 5 years (2019-2023) was 23.14%.

What are LexinFintech’s revenue streams?

LexinFintech's revenue streams in c 24 are Service, Other, and Service. Service, Other generated $85.61M in revenue, accounting 6.08% of the company's total revenue, down -48.08% year-over-year. Service generated $1.32B in revenue, accounting 93.92% of the company's total revenue, down -24.46% year-over-year.

What is LexinFintech’s main source of revenue?

For the fiscal year ending Dec 24, the largest source of revenue of LexinFintech was Service. This segment made a revenue of $1.32B, representing 93.92% of the company's total revenue.