What is Qfin Holdings, Inc.'s earnings per share (EPS)?

Qfin Holdings, Inc. (QFIN) reported diluted earnings per share of $3.15 for fiscal year 2025. This represents a 11.3% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Qfin Holdings, Inc. Financials

QFIN

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Qfin Holdings, Inc. (QFIN) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 8 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI QFIN FY2025 2026-04-27

Cash conversion and minimal reinvestment needs let this business turn operating earnings into deployable capital faster than profit suggests.

Over the last three years, free cash flow margin rose from 43.2% to 56.5% even as net margin did not follow the same upward path. That gap points to a business whose cash output is constrained less by reinvestment—capex was only $34M—than by how balance-sheet assets and liabilities are managed.

Buybacks reached $693M, helping cut shares outstanding by roughly 22.7% over two years. Because the model is light on fixed investment, that cash could shrink the share base instead of being tied up in maintenance spending.

FY2025 showed a mixed operating shape: higher revenue came with operating margin down to 34.8% from 43.9%. Liquidity still looks comfortable at 2.4x current ratio, but cash of $672M means that comfort rests on the wider current asset base, not on cash alone.

Financial Health Signals

Financial Profile 72/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of Qfin Holdings, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

100

Qfin Holdings, Inc. has an operating margin of 34.8%, meaning the company retains $35 of operating profit per $100 of revenue. This strong profitability earns a score of 100/100, reflecting efficient cost management and pricing power. This is down from 43.9% the prior year.

Growth

Qfin Holdings, Inc.'s revenue surged 16.8% year-over-year to $2.7B, reflecting rapid business expansion. This strong growth earns a score of 49/100.

Leverage

Qfin Holdings, Inc. carries a low D/E ratio of 1.36, meaning only $1.36 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 74/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Qfin Holdings, Inc.'s current ratio of 2.43 indicates adequate short-term liquidity, earning a score of 45/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow

100

Qfin Holdings, Inc. converts 56.5% of revenue into free cash flow ($1.6B). This strong cash generation earns a score of 100/100.

Returns

Qfin Holdings, Inc. earns a strong 24.8% return on equity (ROE), meaning it generates $25 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 65/100. This is down from 25.8% the prior year.

Altman Z-Score Grey Zone

2.14

Qfin Holdings, Inc. scores 2.14, placing it in the grey zone between 1.81 and 2.99. This signals moderate financial risk that warrants monitoring.

Piotroski F-Score Neutral

5/9

Qfin Holdings, Inc. passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Cash-Backed

1.85x

For every $1 of reported earnings, Qfin Holdings, Inc. generates $1.85 in operating cash flow ($1.6B OCF vs $854.5M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue

$2.7B

YoY+16.8%

5Y CAGR+5.7%

Qfin Holdings, Inc. generated $2.7B in revenue in fiscal year 2025. This represents an increase of 16.8% from the prior year.

EBITDA

$964.7M

YoY-7.4%

5Y CAGR+10.5%

Qfin Holdings, Inc.'s EBITDA was $964.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 7.4% from the prior year.

Net Income

$854.5M

YoY-0.2%

5Y CAGR+9.8%

Qfin Holdings, Inc. reported $854.5M in net income in fiscal year 2025. This represents a decrease of 0.2% from the prior year.

EPS (Diluted)

$3.15

YoY+11.3%

5Y CAGR+12.5%

Qfin Holdings, Inc. earned $3.15 per diluted share (EPS) in fiscal year 2025. This represents an increase of 11.3% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$1.6B

YoY+23.2%

5Y CAGR+13.8%

Qfin Holdings, Inc. generated $1.6B in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 23.2% from the prior year.

Cash & Debt

$671.6M

YoY+10.1%

5Y CAGR-0.2%

Qfin Holdings, Inc. held $671.6M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

$0.39

Qfin Holdings, Inc. paid $0.39 per share in dividends in fiscal year 2025.

Shares Outstanding

244M

YoY-14.1%

5Y CAGR-4.3%

Qfin Holdings, Inc. had 244M shares outstanding in fiscal year 2025. This represents a decrease of 14.1% from the prior year.

Margins & Returns

Gross Margin

84.4%

YoY+1.3pp

5Y CAGR-3.8pp

Qfin Holdings, Inc.'s gross margin was 84.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 1.3 percentage points from the prior year.

Operating Margin

34.8%

YoY-9.1pp

5Y CAGR+6.8pp

Qfin Holdings, Inc.'s operating margin was 34.8% in fiscal year 2025, reflecting core business profitability. This is down 9.1 percentage points from the prior year.

Net Margin

31.1%

YoY-5.3pp

5Y CAGR+5.3pp

Qfin Holdings, Inc.'s net profit margin was 31.1% in fiscal year 2025, showing the share of revenue converted to profit. This is down 5.3 percentage points from the prior year.

Return on Equity

24.8%

YoY-1.0pp

5Y CAGR-12.1pp

Qfin Holdings, Inc.'s ROE was 24.8% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 1.0 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

$693.3M

YoY+70.2%

Qfin Holdings, Inc. spent $693.3M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 70.2% from the prior year.

Capital Expenditures

$34.4M

YoY+63.9%

5Y CAGR+71.2%

Qfin Holdings, Inc. invested $34.4M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 63.9% from the prior year.

QFIN Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$2.7B+16.8%	$2.4B+2.5%	$2.3B-4.4%	$2.4B-8.1%	$2.6B+25.6%	$2.1B
Cost of Revenue	$429.3M+8.0%	$397.4M+6.1%	$374.6M+8.9%	$344.1M-2.6%	$353.4M+44.1%	$245.3M
Gross Profit	$2.3B+18.6%	$2.0B+1.8%	$1.9B-6.6%	$2.1B-8.9%	$2.3B+23.1%	$1.8B
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$94.2M+53.0%	$61.6M+3.8%	$59.3M-0.9%	$59.9M-31.6%	$87.5M+25.1%	$69.9M
Operating Income	$955.0M-7.4%	$1.0B+50.8%	$684.1M+5.5%	$648.4M-39.1%	$1.1B+83.3%	$580.9M
Interest Expense	N/A	N/A	N/A	N/A	$19.8M+67.5%	$11.8M
Income Tax	$200.3M-11.1%	$225.3M+58.5%	$142.1M+33.0%	$106.8M-45.9%	$197.4M+119.8%	$89.8M
Net Income	$854.5M-0.2%	$856.0M+42.4%	$601.2M+3.5%	$580.8M-35.8%	$904.6M+68.8%	$535.7M
EPS (Diluted)	$3.15+11.3%	$2.83+53.8%	$1.84+1.7%	$1.81-35.8%	$2.82+61.1%	$1.75

Metric	Q4'25	Q4'24	Q4'23	Q4'22	Q3'22	Q2'22	Q4'21	Q4'20
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

QFIN Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$8.1B+23.5%	$6.6B+2.2%	$6.5B+10.3%	$5.8B+11.3%	$5.3B+40.7%	$3.7B
Current Assets	$7.1B+20.7%	$5.9B+4.6%	$5.6B+13.4%	$4.9B+13.5%	$4.4B+29.9%	$3.4B
Cash & Equivalents	$671.6M+10.1%	$610.0M+3.7%	$588.4M-43.4%	$1.0B+8.2%	$959.8M+41.7%	$677.2M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$6.5M+11.2%	$5.8M+0.1%	$5.8M	N/A	N/A	N/A
Total Liabilities	$4.7B+43.3%	$3.3B-2.4%	$3.4B+8.0%	$3.1B+8.2%	$2.9B+25.6%	$2.3B
Current Liabilities	$2.9B+21.6%	$2.4B-14.6%	$2.8B+15.4%	$2.4B+9.4%	$2.2B+8.2%	$2.1B
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$3.4B+4.1%	$3.3B+7.3%	$3.1B+13.1%	$2.7B+14.5%	$2.4B+64.2%	$1.5B
Retained Earnings	$3.5B+22.1%	$2.9B+25.1%	$2.3B+23.7%	$1.9B+22.7%	$1.5B+138.6%	$634.1M

Metric	Q4'25	Q4'24	Q4'23	Q4'22	Q3'22	Q2'22	Q4'21	Q4'20
Total Assets	$8.1B+23.5%	$6.6B+2.2%	$6.5B+10.3%	$5.8B+4.1%	$5.6B-0.1%	$5.6B+7.0%	$5.3B+40.7%	$3.7B
Current Assets	$7.1B+20.7%	$5.9B+4.6%	$5.6B+13.4%	$4.9B+5.7%	$4.7B+1.7%	$4.6B+5.6%	$4.4B+29.9%	$3.4B
Cash & Equivalents	$671.6M+10.1%	$610.0M+3.7%	$588.4M-43.4%	$1.0B+2.4%	$1.0B-2.4%	$1.0B+8.3%	$959.8M+41.7%	$677.2M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$6.5M+11.2%	$5.8M+0.1%	$5.8M	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$4.7B+43.3%	$3.3B-2.4%	$3.4B+8.0%	$3.1B+0.5%	$3.1B+0.2%	$3.1B+7.4%	$2.9B+25.6%	$2.3B
Current Liabilities	$2.9B+21.6%	$2.4B-14.6%	$2.8B+15.4%	$2.4B-3.7%	$2.5B+0.4%	$2.5B+13.2%	$2.2B+8.2%	$2.1B
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$3.4B+4.1%	$3.3B+7.3%	$3.1B+13.1%	$2.7B+8.6%	$2.5B-1.0%	$2.5B+6.5%	$2.4B+64.2%	$1.5B
Retained Earnings	$3.5B+22.1%	$2.9B+25.1%	$2.3B+23.7%	$1.9B+9.0%	$1.7B+0.8%	$1.7B+11.6%	$1.5B+138.6%	$634.1M

QFIN Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$1.6B+23.8%	$1.3B+27.7%	$1.0B+16.8%	$858.7M-5.5%	$908.5M+11.3%	$816.2M
Capital Expenditures	$34.4M+63.9%	$21.0M+76.2%	$11.9M+204.5%	$3.9M-1.5%	$4.0M+69.6%	$2.3M
Free Cash Flow	$1.6B+23.2%	$1.3B+27.1%	$990.7M+15.9%	$854.8M-5.5%	$904.6M+11.1%	$813.9M
Investing Cash Flow	-$1.9B-70.8%	-$1.1B+30.2%	-$1.6B-47.2%	-$1.1B-12.1%	-$951.6M-795.5%	$136.8M
Financing Cash Flow	$398.1M+237.4%	-$289.7M-292.9%	$150.2M-67.7%	$464.5M+30.8%	$355.2M+170.6%	-$503.1M
Dividends Paid	$197.1M	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$693.3M+70.2%	$407.3M+354.6%	$89.6M	N/A	N/A	N/A

Metric	Q4'25	Q4'24	Q4'23	Q4'22	Q3'22	Q2'22	Q4'21	Q4'20
Operating Cash Flow	N/A	N/A	N/A	$278.1M+37.9%	$201.7M	N/A	N/A	N/A
Capital Expenditures	N/A	N/A	N/A	$2.1M+76.7%	$1.2M	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	$276.0M+37.7%	$200.5M	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	-$268.6M+32.1%	-$395.6M	N/A	N/A	N/A
Financing Cash Flow	N/A	N/A	N/A	$41.4M-60.7%	$105.3M	N/A	N/A	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

QFIN Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	84.4%+1.3pp	83.1%-0.6pp	83.7%-2.0pp	85.7%-0.8pp	86.5%-1.7pp	88.2%
Operating Margin	34.8%-9.1pp	43.9%+14.0pp	29.8%+2.8pp	27.0%-13.8pp	40.8%+12.8pp	27.9%
Net Margin	31.1%-5.3pp	36.4%+10.2pp	26.2%+2.0pp	24.2%-10.4pp	34.6%+8.9pp	25.8%
Return on Equity	24.8%-1.0pp	25.8%+6.4pp	19.5%-1.8pp	21.3%-16.7pp	37.9%+1.0pp	36.9%
Return on Assets	10.5%-2.5pp	13.0%+3.7pp	9.3%-0.6pp	9.9%-7.3pp	17.2%+2.9pp	14.3%
Current Ratio	2.43-0.0	2.45+0.4	2.00-0.0	2.04+0.1	1.96+0.3	1.63
Debt-to-Equity	1.36+0.4	0.99-0.1	1.09-0.1	1.14-0.1	1.20-0.4	1.57
FCF Margin	56.5%+2.9pp	53.5%+10.4pp	43.2%+7.6pp	35.6%+1.0pp	34.6%-4.5pp	39.1%

Metric	Q4'25	Q4'24	Q4'23	Q4'22	Q3'22	Q2'22	Q4'21	Q4'20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Current Ratio	2.43-0.0	2.45+0.4	2.00-0.0	2.04+0.2	1.85+0.0	1.83-0.1	1.96+0.3	1.63
Debt-to-Equity	1.36+0.4	0.99-0.1	1.09-0.1	1.14-0.1	1.23+0.0	1.21+0.0	1.20-0.4	1.57
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is Qfin Holdings, Inc.'s annual revenue?

Qfin Holdings, Inc. (QFIN) reported $2.7B in total revenue for fiscal year 2025. This represents a 16.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Qfin Holdings, Inc.'s revenue growing?

Qfin Holdings, Inc. (QFIN) revenue grew by 16.8% year-over-year, from $2.4B to $2.7B in fiscal year 2025.

Is Qfin Holdings, Inc. profitable?

Yes, Qfin Holdings, Inc. (QFIN) reported a net income of $854.5M in fiscal year 2025, with a net profit margin of 31.1%.

What is Qfin Holdings, Inc.'s EBITDA?

Qfin Holdings, Inc. (QFIN) had EBITDA of $964.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is Qfin Holdings, Inc.'s gross margin?

Qfin Holdings, Inc. (QFIN) had a gross margin of 84.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Qfin Holdings, Inc.'s operating margin?

Qfin Holdings, Inc. (QFIN) had an operating margin of 34.8% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Qfin Holdings, Inc.'s net profit margin?

Qfin Holdings, Inc. (QFIN) had a net profit margin of 31.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Qfin Holdings, Inc. pay dividends?

Yes, Qfin Holdings, Inc. (QFIN) paid $0.39 per share in dividends during fiscal year 2025.

What is Qfin Holdings, Inc.'s return on equity (ROE)?

Qfin Holdings, Inc. (QFIN) has a return on equity of 24.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Qfin Holdings, Inc.'s free cash flow?

Qfin Holdings, Inc. (QFIN) generated $1.6B in free cash flow during fiscal year 2025. This represents a 23.2% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Qfin Holdings, Inc.'s operating cash flow?

Qfin Holdings, Inc. (QFIN) generated $1.6B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Qfin Holdings, Inc.'s total assets?

Qfin Holdings, Inc. (QFIN) had $8.1B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Qfin Holdings, Inc.'s capital expenditures?

Qfin Holdings, Inc. (QFIN) invested $34.4M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Does Qfin Holdings, Inc. buy back shares?

Yes, Qfin Holdings, Inc. (QFIN) spent $693.3M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Qfin Holdings, Inc. have outstanding?

Qfin Holdings, Inc. (QFIN) had 244M shares outstanding as of fiscal year 2025.

What is Qfin Holdings, Inc.'s current ratio?

Qfin Holdings, Inc. (QFIN) had a current ratio of 2.43 as of fiscal year 2025, which is generally considered healthy.

What is Qfin Holdings, Inc.'s debt-to-equity ratio?

Qfin Holdings, Inc. (QFIN) had a debt-to-equity ratio of 1.36 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Qfin Holdings, Inc.'s return on assets (ROA)?

Qfin Holdings, Inc. (QFIN) had a return on assets of 10.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Qfin Holdings, Inc.'s Altman Z-Score?

Qfin Holdings, Inc. (QFIN) has an Altman Z-Score of 2.14, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Qfin Holdings, Inc.'s Piotroski F-Score?

Qfin Holdings, Inc. (QFIN) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Qfin Holdings, Inc.'s earnings high quality?

Qfin Holdings, Inc. (QFIN) has an earnings quality ratio of 1.85x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Qfin Holdings, Inc.?

Qfin Holdings, Inc. (QFIN) scores 72 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.