LexinFintech Holdings Ltd., a leading technology-empowered personal financial service enabler in China, announced its unaudited financial results for the quarter ended March 31, 2026.

Mr. Jay Wenjie Xiao, Chairman and Chief Executive Officer of Lexin, commented, “In the first quarter, despite the complex macroeconomic and industry environment, the diversified business ecosystem we have established demonstrated solid operational resilience. Total loan originations reached RMB57.9 billion, representing an increase of 15.9% quarter-over-quarter. This momentum was primarily driven by our non-Consumer Finance business—including Installment E-commerce, Offline Inclusive Financing, and Fintech-empowerment services—which accounted for nearly 50% of our total loan origination.

During the period, net income remained relatively steady quarter-over-quarter at RMB201 million. This bottom-line performance underscores the fundamental strength and diversity of our core business model. Underpinning these results, we achieved consistent improvements in asset quality by refining our risk management strategies and optimizing our product matrix.

We also continued to step up our investments in consumer rights protection and customer experience enhancements. Looking ahead, we remain fully committed to compliant operations. Leveraging our business ecosystem, we will continuously enhance our operational resilience to navigate evolving market dynamics, achieve sustainable growth, and deliver long-term returns for our shareholders.”

Mr. James Zheng, Chief Financial Officer of Lexin, commented, “Building on the resilience of our business ecosystem, we have proactively optimized our business mix this quarter to focus on high-quality growth. While the strategic shift in our consumer finance business and the broader macro environment moderated our current growth, our expanding business ecosystem provided a structural buffer. In the first quarter, our total revenue was RMB3.3 billion, representing an 8.7% increase quarter-over-quarter.

With a focus on long-term sustainability, we increased our investments in ecosystem user engagement and upgraded our customer service infrastructure. We also further bolstered our financial foundation with ample provisioning. As a result, our net income stood at RMB201 million, remaining relatively stable quarter-over-quarter.

Looking ahead, while staying vigilant regarding persistent macro uncertainties, we will advance our diversified business ecosystem to ensure steady progress across market cycles and continue to deliver value to our shareholders.”

First Quarter Operational Highlights:

User Base

• Total number of registered users across our platform reached 250 million as of March 31, 2026, representing an increase of 7.6% from 232 million as of March 31, 2025.
• Number of active users in the first quarter of 2026 was 5.2 million, representing an increase of 8.6% from 4.8 million in the first quarter of 2025.
• Number of cumulative borrowers with successful drawdown was 38.2 million as of March 31, 2026, an increase of 10.8% from 34.5 million as of March 31, 2025.

Loan Facilitation Business

• As of March 31, 2026, we cumulatively originated RMB1,588 billion in loans, an increase of 15.4% from RMB1,377 billion as of March 31, 2025.

• Total loan originations in the first quarter of 2026 was RMB57.9 billion, an increase of 12.2% from RMB51.6 billion in the first quarter of 2025.
• Total outstanding principal balance of loans was RMB96.5 billion as of March 31, 2026, representing a decrease of 10.1% from RMB107 billion as of March 31, 2025.

Credit Performance

• 90 day+ delinquency ratio was 3.5% as of March 31, 2026, as compared with 3.1% as of December 31, 2025.
• First payment default rate (30 day+) for new loan originations was below 1% as of March 31, 2026.

Installment E-commerce Platform Service

• GMV in the first quarter of 2026 for our installment e-commerce platform service was RMB2,198 million, representing an increase of 95% from RMB1,126 million in the first quarter of 2025.
• In the first quarter of 2026, our installment e-commerce platform service served over 600,000 users.

Other Operational Highlights

• The weighted average tenor of loans originated in the first quarter of 2026 was approximately 11.4 months, as compared with 13.4 months in the first quarter of 2025.
• Repeated borrowers’ contribution of loans across our platform for the first quarter of 2026 was 89.9%.