FinVolution Group Reports First Quarter 2026 Unaudited Financial Results
Rhea-AI Summary
FinVolution (NYSE: FINV) reported first quarter 2026 net revenue of RMB3,210.1 million and net profit of RMB421.1 million, both lower year over year. Total transaction volume fell to RMB42.6 billion, as Chinese Mainland activity declined while overseas volume and revenue grew strongly.
Overseas net revenue rose 34.5% to RMB948.9 million, contributing 29.6% of total revenue. The company repurchased US$39.4 million of shares and paid a dividend of US$0.306 per ADS, and reaffirmed 2026 revenue guidance of RMB11.5–12.9 billion.
AI-generated analysis. Not financial advice.
Positive
- Overseas net revenue rose 34.5% YoY to RMB948.9 million, 29.6% of total
- Overseas operating profit increased to RMB45.8 million, up 87.7% year over year
- Net interest income doubled to RMB484.7 million from RMB241.6 million YoY
- Overseas unique borrowers reached 4.5 million, up 155.4% year over year
- Share repurchases totaled US$39.4 million in the first quarter of 2026
- Annual dividend of US$0.306 per ADS, up 10.5% year over year
Negative
- Group net revenue declined to RMB3,210.1 million from RMB3,481.0 million YoY
- Net profit fell to RMB421.1 million from RMB737.6 million year over year
- Chinese Mainland transaction volume dropped 21.6% YoY to RMB38.5 billion
- Chinese Mainland unique borrowers decreased 22.7% YoY to 1.7 million
- Operating profit declined to RMB546.8 million from RMB883.2 million YoY
- Provision for loans receivable rose to RMB218.1 million from RMB85.4 million YoY
Key Figures
Market Reality Check
Peers on Argus
FINV fell 6.07% while key peers like LX rose (6.52% today, and flagged in momentum at +2.55%). Other peers (NAVI, ATLC, EZPW, WRLD) were modestly positive, pointing to stock‑specific pressure rather than a sector-wide move.
Previous Earnings Reports
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Mar 16 | Q4/FY25 earnings | Positive | +12.6% | Full-year 2025 revenue and profit growth with strong international expansion. |
| Nov 19 | Q3 2025 earnings | Positive | -13.9% | Q3 2025 revenue and profit growth but market reacted negatively. |
| Aug 20 | Q2 2025 earnings | Positive | +5.5% | Strong Q2 2025 growth, especially internationally, plus solid liquidity. |
| May 20 | Q1 2025 earnings | Positive | -0.5% | Strong Q1 2025 growth across metrics but slight share price decline. |
| Mar 17 | Q4/FY24 earnings | Positive | +17.5% | Q4 2024 revenue and profit growth plus significant shareholder returns. |
Earnings releases have often been received positively, but there are notable cases where strong fundamentals coincided with negative price reactions, indicating mixed and sometimes contrarian post‑earnings trading.
Recent earnings releases for FINV have highlighted steady revenue and net profit growth through 2024–2025, with expanding international contribution and consistent capital returns via buybacks and dividends. Market reactions have been mixed: some quarters (e.g., Q4 2024, Q2 2025, Q4 2025) saw strong gains, while others (Q1 and Q3 2025) sold off despite positive operating trends. Today’s Q1 2026 report fits into this sequence as another key checkpoint on growth vs. profitability and regional mix.
Historical Comparison
Past 5 earnings releases saw an average move of 4.26% with mixed direction. Today’s -6.07% reaction is weaker than typical, but still within the historically wide range of post‑earnings outcomes.
Earnings reports show a progression from strong 2024–2025 growth, led by international expansion, into 2026 where management had already guided for softer revenues amid a tougher China environment.
Market Pulse Summary
This announcement details Q1 2026 results showing declining group net revenue and net profit, alongside continued expansion in overseas markets and ongoing capital returns via buybacks and a higher dividend. Compared with prior earnings, the mix is shifting further overseas while the Chinese Mainland business normalizes from earlier growth. Key items to watch include credit metrics such as the 3.11% 90‑day+ delinquency ratio, loan mix between risk-bearing and capital-light models, and management’s reiterated 2026 revenue guidance.
Key Terms
ads financial
non-gaap financial
ebitda financial
capital-light model financial
on-balance sheet loans financial
quality assurance commitment financial
gaap financial
AI-generated analysis. Not financial advice.
For the Three Months Ended/As of | YoY Change | ||
March 31, 2025 | March 31, 2026 | ||
Total Transaction Volume (RMB in billions)1 | 52.1 | 42.6 | -18.2 % |
- Chinese Mainland2 | 49.1 | 38.5 | -21.6 % |
- Overseas Markets3 | 3.0 | 4.1 | 36.7 % |
Total Outstanding Loan Balance (RMB in billions) | 74.1 | 67.7 | -8.6 % |
- Chinese Mainland4 | 72.2 | 65.1 | -9.8 % |
- Overseas Markets5 | 1.9 | 2.6 | 36.8 % |
First Quarter 2026 Highlights
Chinese Mainland Market
- Cumulative registered users reached 190.0 million as of March 31, 2026, an increase of
7.2% compared with March 31, 2025. - Cumulative borrowers reached 29.6 million as of March 31, 2026, an increase of
8.4% compared with March 31, 2025. - Number of unique borrowers6 for the first quarter of 2026 was 1.7 million, a decrease of
22.7% compared with the same period of 2025. - Transaction volume2 was
RMB38.5 billion for the first quarter of 2026, a decrease of21.6% compared with the same period of 2025. - Transaction volume facilitated for repeat individual borrowers7 for the first quarter of 2026 was
RMB31.4 billion , a decrease of26.3% compared with the same period of 2025. - Outstanding loan balance4 was
RMB65.1 billion as of March 31, 2026, a decrease of9.8% compared with March 31, 2025. - Average loan size was
RMB12,098 for the first quarter of 2026, compared withRMB10,494 for the same period of 2025. - Average loan tenure was 8.5 months for the first quarter of 2026, compared with 8.2 months for the same period of 2025.
- 90 day+ delinquency ratio8 was
3.11% as of March 31, 2026. - Net revenue9 was
RMB2,216.1 million (US ) for the first quarter of 2026, compared with$321.3 million RMB2,770.2 million for the same period of 2025. U.S. GAAP operating profit10 wasRMB598.7 million (US ) for the first quarter of 2026, compared with$86.8 million RMB913.1 million for the same period of 2025.- Non-GAAP adjusted EBITDA11, which excludes depreciation and amortization and share-based compensation expenses from operating profit, was
RMB614.9 million (US ) for the first quarter of 2026, compared with$89.1 million RMB930.1 million for the same period of 2025.
Overseas Markets
- Cumulative registered users reached 56.5 million as of March 31, 2026, an increase of
45.2% compared with March 31, 2025. - Cumulative borrowers reached 13.4 million as of March 31, 2026, an increase of
76.3% compared with March 31, 2025. - Number of unique borrowers12 for the first quarter of 2026 was 4.5 million, an increase of
155.4% compared with the same period of 2025. - Number of new borrowers13 for the first quarter of 2026 was 1.7 million, an increase of
160.0% compared with the same period of 2025. - Transaction volume3 reached
RMB4.1 billion for the first quarter of 2026, an increase of36.7% compared with the same period of 2025. - Outstanding loan balance5 reached
RMB2.6 billion as of March 31, 2026, an increase of36.8% compared with March 31, 2025. - Net revenue14 was
RMB948.9 million (US ) for the first quarter of 2026, an increase of$137.6 million 34.5% compared with the same period of 2025, representing29.6% of total revenue for the first quarter of 2026. U.S. GAAP operating profit10 wasRMB45.8 million (US ) for the first quarter of 2026, compared with$6.6 million RMB24.4 million for the same period of 2025.- Non-GAAP adjusted EBITDA11, which excludes depreciation and amortization and share-based compensation expenses from operating profit, was
RMB47.5 million (US ) for the first quarter of 2026, compared with$6.9 million RMB25.5 million for the same period of 2025.
Group Financial Highlights
- Net revenue was
RMB3,210.1 million (US ) for the first quarter of 2026, compared with$465.4 million RMB3,481.0 million for the same period of 2025. - Net profit was
RMB421.1 million (US ) for the first quarter of 2026, compared with$61.0 million RMB737.6 million for the same period of 2025. U.S. GAAP operating profit wasRMB546.8 million (US ) for the first quarter of 2026, compared with$79.3 million RMB883.2 million for the same period of 2025.- Non-GAAP adjusted operating profit15, which excludes share-based compensation expenses before tax, was
RMB585.0 million (US ) for the first quarter of 2026, compared with$84.8 million RMB917.9 million for the same period of 2025. - Diluted net profit per American depositary share ("ADS") was
RMB1.65 (US ) and diluted net profit per share was$0.24 RMB0.33 (US ) for the first quarter of 2026, compared with$0.05 RMB2.84 andRMB0.57 for the same period of 2025, respectively. - Non-GAAP diluted net profit per ADS was
RMB1.80 (US ) and non-GAAP diluted net profit per share was$0.26 RMB0.36 (US ) for the first quarter of 2026, compared with$0.05 RMB2.97 andRMB0.59 for the same period of 2025, respectively. Each ADS of the Company represents five Class A ordinary shares of the Company.
________________________________________________________________
1 Represents the total transaction volume facilitated in the Chinese Mainland and overseas markets on the Company's platform during the period presented. |
2 Represents our transaction volume facilitated in the Chinese Mainland during the period presented. During the first quarter, |
3 Represents our transaction volume facilitated in |
4 Outstanding loan balance as of any date refers to the balance of outstanding loans in the Chinese Mainland market excluding loans delinquent for more than 180 days from such date. As of March 31, 2026, |
5 Outstanding loan balance as of any date refers to the balance of outstanding loans in |
6 Represents the total number of borrowers in the Chinese Mainland who successfully borrowed on the Company's platform during the period presented. |
7 Represents the transaction volume facilitated for borrowers who had historically completed a transaction on the Company's platform in the Chinese Mainland during the period presented. |
8 "90 day+ delinquency ratio" refers to the outstanding principal balance of loans, excluding loans facilitated under the capital-light model, that were 90 to 179 calendar days past due as a percentage of the total outstanding principal balance of loans, excluding loans facilitated under the capital-light model on the Company's platform as of a specific date. Loans that originated outside the Chinese Mainland are not included in the calculation. |
9 Represents revenue from the Chinese Mainland. Prior period segment results from the Chinese Mainland have been recast to conform to the current period presentation. Please refer to the "Selected Segment Information" tables at the end of this release for a breakdown by segment for the periods presented. |
10 Please refer to the "Selected Segment Information" tables at the end of this release for reconciliation between Operating Segment Profit/(Loss) and GAAP operating profit. |
11 Please refer to the "Selected Segment Information" tables at the end of this release for reconciliation between GAAP operating profit and Non-GAAP adjusted EBITDA. |
12 Represents the total number of borrowers in |
13 Represents the total number of new borrowers in |
14 Represents revenue from overseas markets outside the Chinese Mainland, namely |
15 Please refer to "UNAUDITED Reconciliation of GAAP and Non-GAAP Results" for reconciliation between GAAP and Non-GAAP adjusted operating profit. |
Mr. Tiezheng Li, Vice Chairman and Chief Executive Officer of FinVolution, commented, "In the first quarter, we delivered continued growth in our overseas business and a resilient performance in the Chinese Mainland segment against an evolving regulatory backdrop, demonstrating the strength of our two-engine model. Beginning this quarter, we are reporting our overseas business as a separate reportable segment, reflecting our strategic trajectory and the earnings power of our diversified business.
"In our Chinese Mainland segment, we executed with discipline, acquiring approximately 0.6 million new borrowers while prioritizing asset quality, customer quality and unit economics. The segment remained stable and profitable, reinforcing its role as the anchor of our operating cash flow.
"Our Overseas Markets segment delivered robust year-over-year revenue growth, contributing
"Looking ahead, we will continue to manage our
Mr. Jiayuan Xu, Chief Financial Officer of FinVolution, continued, "Total net revenues for the first quarter were
"Meanwhile, we continued to return capital to our shareholders, executing share repurchases totaling
First Quarter 2026 Financial Results
Net revenue for the first quarter of 2026 was RMB3,210.1 million (
Loan facilitation service fees were RMB1,181.3 million (
Post-facilitation service fees were RMB348.3 million (
Guarantee income was RMB886.1 million (
Net interest income was RMB484.7 million (
Other revenue was RMB309.7 million (
Origination, servicing expenses and other costs of revenue were RMB745.2 million (
Sales and marketing expenses were RMB492.4 million (
Research and development expenses were RMB125.5 million (
General and administrative expenses were RMB113.8 million (
Provision for accounts receivable and contract assets was
Provision for loans receivable was RMB218.1 million (
Credit losses for quality assurance commitment were RMB856.6 million (
Operating profit was RMB546.8 million (
Non-GAAP adjusted operating profit, which excludes share-based compensation expenses before tax, was
Other income/(expenses) was an expense of
Income tax expense was
Net profit was
Net profit attributable to ordinary shareholders of the Company was
Diluted net profit per ADS was
Non-GAAP diluted net profit per ADS was
As of March 31, 2026, the Company had cash and cash equivalents of
The following chart shows the historical cumulative 30-day plus past due delinquency rates by loan origination vintage for loan products facilitated through the Company's platform in the Chinese Mainland as of March 31, 2026. Loans facilitated under the capital-light model, for which the Company does not bear principal risk, are excluded from the chart.
Click here to view the chart.
Shares Repurchase Update
For the first quarter of 2026, the Company deployed approximately
Business Outlook
Strong execution of the Company's 'Local Excellence, Global Outlook+' Strategy drove a resilient first quarter performance despite domestic macro headwinds and seasonal softness. The Company reiterates its full-year 2026 total revenue guidance to be in the range of approximately
The above forecast is based on the current market conditions and reflects the Company's current preliminary views and expectations on market and operational conditions and the regulatory and operating environment, as well as customers' and institutional partners' demands, all of which are subject to change.
Conference Call
The Company's management will host an earnings conference call at 8:30 PM
Participants should complete online registration using the link provided below at least 15 minutes before the scheduled start time. Upon registration, participants will receive the conference call access information, including dial-in numbers, a personal PIN and an e-mail with detailed instructions to join the conference call.
Participant Online Registration:
https://register-conf.media-server.com/register/BIf9feb90f9176441083910b143e67c48d
Additionally, a live and archived webcast of the conference call will be available on the Company's investor relations website at https://ir.finvgroup.com.
About FinVolution Group
FinVolution Group is a leading fintech platform with strong brand recognition across China and overseas markets, connecting borrowers of the young generation with financial institutions. Established in 2007, the Company is a pioneer in
For more information, please visit https://ir.finvgroup.com
Use of Non-GAAP Financial Measures
We use non-GAAP adjusted operating profit, non-GAAP operating margin, non-GAAP adjusted EBITDA, non-GAAP net profit, non-GAAP net profit attributable to FinVolution Group, and non-GAAP basic and diluted net profit per share and per ADS which are non-GAAP financial measures, in evaluating our operating results and for financial and operational decision-making purposes. We believe that these non-GAAP financial measures help identify underlying trends in our business by excluding the impact of share-based compensation expenses and expected discretionary measures. We believe that non-GAAP financial measures provide useful information about our operating results, enhance the overall understanding of our past performance and future prospects and allow for greater visibility with respect to key metrics used by our management in its financial and operational decision-making.
Non-GAAP adjusted operating profit, non-GAAP operating margin, non-GAAP adjusted EBITDA, non-GAAP net profit, non-GAAP net profit attributable to FinVolution Group, and non-GAAP basic and diluted net profit per share and per ADS are not defined under
For more information on this non-GAAP financial measure, please see the table captioned "Reconciliations of GAAP and Non-GAAP results" set forth at the end of this press release.
Exchange Rate Information
This announcement contains translations of certain RMB amounts into
Safe Harbor Statement
This press release contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the
For investor and media inquiries, please contact:
In
FinVolution Group
Head of Capital Markets
Yam Cheng
Tel: +86 (21) 8030-3200 Ext. 8601
E-mail: ir@xinye.com
Piacente Financial Communications
Jenny Cai
Tel: +86 (10) 6508-0677
E-mail: finv@tpg-ir.com
In
Piacente Financial Communications
Brandi Piacente
Tel: +1-212-481-2050
E-mail: finv@tpg-ir.com
FinVolution Group | ||||
UNAUDITED INTERIM CONDENSED CONSOLIDATED BALANCE SHEETS | ||||
(All amounts in thousands, except share data, or otherwise noted) | ||||
As of December 31, | As of March 31, | |||
2025 | 2026 | |||
RMB | RMB | USD | ||
Assets | ||||
Cash and cash equivalents | 4,285,121 | 4,687,773 | 679,584 | |
Restricted cash | 1,912,850 | 1,862,880 | 270,061 | |
Short-term investments | 3,015,226 | 2,643,817 | 383,273 | |
Investments | 1,141,816 | 1,142,087 | 165,568 | |
Quality assurance receivable, net of credit loss allowance for | 1,315,184 |
1,376,678 |
199,576 | |
Intangible assets | 270,246 | 270,246 | 39,177 | |
Property, equipment and software, net | 641,316 | 625,456 | 90,672 | |
Loans receivable, net of credit loss allowance for loans receivable | 6,471,619 |
6,963,186 |
1,009,450 | |
Accounts receivable and contract assets, net of credit loss | 2,028,585 | 1,599,215 | 231,838 | |
Deferred tax assets | 2,992,071 | 3,219,281 | 466,698 | |
Right of use assets | 52,020 | 50,340 | 7,298 | |
Prepaid expenses and other assets | 1,207,791 | 1,168,487 | 169,395 | |
Goodwill | 79,759 | 79,759 | 11,563 | |
Total assets | 25,413,604 | 25,689,205 | 3,724,153 | |
Deferred guarantee income | 1,119,004 | 1,130,264 | 163,854 | |
Liability from quality assurance commitment | 2,574,842 | 2,374,176 | 344,183 | |
Payroll and welfare payable | 361,188 | 186,742 | 27,072 | |
Taxes payable | 177,064 | 428,808 | 62,164 | |
Short-term borrowings | 170,408 | 192,101 | 27,849 | |
Funds payable to investors of consolidated trusts | 778,531 | 974,768 | 141,312 | |
Contract liability | 226 | - | - | |
Deferred tax liabilities | 786,556 | 787,615 | 114,180 | |
Accrued expenses and other liabilities | 1,448,231 | 1,380,470 | 200,126 | |
Leasing liabilities | 44,711 | 44,760 | 6,489 | |
Dividends payable | - | 506,708 | 73,457 | |
Convertible senior notes | 1,019,266 | 1,005,162 | 145,718 | |
Long-term borrowings | 89,590 | 132,118 | 19,153 | |
Total liabilities | 8,569,617 | 9,143,692 | 1,325,557 | |
Commitments and contingencies | ||||
FinVolution Group Shareholders' equity | ||||
Ordinary shares | 103 | 103 | 15 | |
Additional paid-in capital | 5,908,586 | 5,942,443 | 861,473 | |
Treasury stock | (2,465,259) | (2,736,995) | (396,781) | |
Statutory reserves | 1,042,312 | 1,042,312 | 151,104 | |
Accumulated other comprehensive income | 13,027 | 38,083 | 5,521 | |
Retained Earnings | 12,051,332 | 11,959,686 | 1,733,790 | |
Total FinVolution Group shareholders' equity | 16,550,101 | 16,245,632 | 2,355,122 | |
Non-controlling interest | 293,886 | 299,881 | 43,474 | |
Total shareholders' equity | 16,843,987 | 16,545,513 | 2,398,596 | |
Total liabilities and shareholders' equity | 25,413,604 | 25,689,205 | 3,724,153 | |
FinVolution Group | ||||
UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME | ||||
(All amounts in thousands, except share data, or otherwise noted) | ||||
For the Three Months Ended March 31, | ||||
2025 | 2026 | |||
RMB | RMB | USD | ||
Operating revenue: | ||||
Loan facilitation service fees | 1,477,798 | 1,181,314 | 171,255 | |
Post-facilitation service fees | 380,614 | 348,343 | 50,499 | |
Guarantee income | 1,099,514 | 886,069 | 128,453 | |
Net interest income | 241,614 | 484,681 | 70,264 | |
Other revenue | 281,501 | 309,655 | 44,890 | |
Net revenue | 3,481,041 | 3,210,062 | 465,361 | |
Operating expenses: | ||||
Origination, servicing expenses and other costs of revenue | (620,465) | (745,172) | (108,027) | |
Sales and marketing expenses | (529,703) | (492,447) | (71,390) | |
Research and development expenses | (126,041) | (125,459) | (18,188) | |
General and administrative expenses | (106,894) | (113,843) | (16,504) | |
Provision for accounts receivable and contract assets | (117,718) | (111,514) | (16,166) | |
Provision for loans receivable | (85,414) | (218,148) | (31,625) | |
Credit losses for quality assurance commitment | (1,011,615) | (856,637) | (124,186) | |
Total operating expenses | (2,597,850) | (2,663,220) | (386,086) | |
Operating profit | 883,191 | 546,842 | 79,275 | |
Interest expenses | (652) | (17,147) | (2,486) | |
Other income/(expenses), net | 9,033 | (15,521) | (2,250) | |
Profit before income tax expense | 891,572 | 514,174 | 74,539 | |
Income tax expenses | (153,931) | (93,117) | (13,499) | |
Net profit | 737,641 | 421,057 | 61,040 | |
Less: Net (loss)/profit attributable to non-controlling interest shareholders | (8,765) | 5,995 | 869 | |
Net profit attributable to FinVolution Group | 746,406 | 415,062 | 60,171 | |
Foreign currency translation adjustment, net of nil tax | (16,273) | 25,056 | 3,632 | |
Total comprehensive income attributable to FinVolution Group | 730,133 | 440,118 | 63,803 | |
Weighted average number of ordinary shares used in computing net profit per share | ||||
Basic | 1,265,759,932 | 1,194,294,986 | 1,194,294,986 | |
Diluted | 1,315,948,116 | 1,283,838,301 | 1,283,838,301 | |
Net profit per share attributable to FinVolution Group's ordinary shareholders | ||||
Basic | 0.59 | 0.35 | 0.05 | |
Diluted | 0.57 | 0.33 | 0.05 | |
Net profit per ADS attributable to FinVolution Group's ordinary shareholders (one ADS equals five ordinary shares) | ||||
Basic | 2.95 | 1.74 | 0.25 | |
Diluted | 2.84 | 1.65 | 0.24 | |
FinVolution Group | |||||
UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS | |||||
(All amounts in thousands, except share data, or otherwise noted) | |||||
Three Months Ended March 31, | |||||
2025 | 2026 | ||||
RMB | RMB | USD | |||
Net cash provided by operating activities | 522,335 | 225,990 | 32,760 | ||
Net cash provided by investing activities | 365,196 | 146,022 | 21,168 | ||
Net cash (used in)/provided by financing activities | (198,331) | 9,418 | 1,366 | ||
Effect of exchange rate changes on cash and cash equivalents | (11,265) | (28,748) | (4,166) | ||
Net increase in cash, cash equivalents and restricted cash | 677,935 | 352,682 | 51,128 | ||
Cash, cash equivalents and restricted cash at beginning of period | 6,747,072 | 6,197,971 | 898,517 | ||
Cash, cash equivalents and restricted cash at end of period | 7,425,007 | 6,550,653 | 949,645 | ||
FinVolution Group | ||||
UNAUDITED Reconciliation of GAAP and Non-GAAP Results | ||||
(All amounts in thousands, except share data, or otherwise noted) | ||||
For the Three Months Ended March 31, | ||||
2025 | 2026 | |||
RMB | RMB | USD | ||
Net Revenue | 3,481,041 | 3,210,062 | 465,361 | |
Less: total operating expenses | (2,597,850) | (2,663,220) | (386,086) | |
Operating Profit | 883,191 | 546,842 | 79,275 | |
Add: share-based compensation expenses | 34,679 | 38,173 | 5,534 | |
Non-GAAP adjusted operating profit | 917,870 | 585,015 | 84,809 | |
Operating Margin | 25.4 % | 17.0 % | 17.0 % | |
Non-GAAP operating margin | 26.4 % | 18.2 % | 18.2 % | |
Non-GAAP adjusted operating profit | 917,870 | 585,015 | 84,809 | |
Less: interest expenses | (652) | (17,147) | (2,486) | |
Add: other income/(expenses), net | 9,033 | (15,521) | (2,250) | |
Less: income tax expenses | (153,931) | (93,117) | (13,499) | |
Non-GAAP net profit | 772,320 | 459,230 | 66,574 | |
Less: Net (loss)/profit attributable to non-controlling interest shareholders | (8,765) | 5,995 | 869 | |
Non-GAAP net profit attributable to FinVolution Group | 781,085 | 453,235 | 65,705 | |
Weighted average number of ordinary shares used in computing net profit per share | ||||
Basic | 1,265,759,932 | 1,194,294,986 | 1,194,294,986 | |
Diluted | 1,315,948,116 | 1,283,838,301 | 1,283,838,301 | |
Non-GAAP net profit per share attributable to FinVolution Group's ordinary shareholders | ||||
Basic | 0.62 | 0.38 | 0.06 | |
Diluted | 0.59 | 0.36 | 0.05 | |
Non-GAAP net profit per ADS attributable to FinVolution Group's ordinary shareholders (one ADS equals | ||||
Basic | 3.09 | 1.90 | 0.28 | |
Diluted | 2.97 | 1.80 | 0.26 | |
FinVolution Group | |||||
Selected Segment Information | |||||
(All amounts in thousands, except share data, or otherwise noted) | |||||
For the Three Months Ended March 31, 2026 | |||||
Chinese Mainland | Overseas Markets(1) | Others(2) | Elimination | Total | |
RMB | RMB | RMB | RMB | RMB | |
Net Revenue | 2,216,096 | 948,946 | 50,148 | (5,128) | 3,210,062 |
Less(3): Operating Expenses (4) | (1,617,349) | (903,196) | (88,761) | 5,128 | (2,604,178) |
Operating Segment Profit/(Loss) | 598,747 | 45,750 | (38,613) | - | 605,884 |
Less: Unallocated expenses(5) | (59,042) | ||||
Operating profit | 546,842 | ||||
For the Three Months Ended March 31, 2025 | |||||
Chinese Mainland | Overseas Markets(1) | Others(2) | Elimination | Total | |
RMB | RMB | RMB | RMB | RMB | |
Net Revenue | 2,770,160 | 705,343 | 8,250 | (2,712) | 3,481,041 |
Less(3): Operating Expenses (4) | (1,857,018) | (680,964) | (27,901) | 2,712 | (2,563,171) |
Operating Segment Profit/(Loss) | 913,142 | 24,379 | (19,651) | - | 917,870 |
Less: Unallocated expenses(5) | (34,679) | ||||
Operating profit | 883,191 | ||||
Notes: | |||||
(1): "Overseas Markets" includes | |||||
(2): "Others" includes a combination of multiple business activities that each does not meet the quantitative thresholds to qualify as reportable segments. | |||||
(3): The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM. | |||||
(4): "Operating Expenses" includes Origination, servicing expenses and other costs of revenue, Sales and marketing expenses, General and | |||||
(5): Unallocated expenses are mainly related to share-based compensation, impairment of goodwill of prior acquisitions, and other miscellaneous items that | |||||
FinVolution Group | |||||
Selected Segment Information | |||||
(All amounts in thousands, except share data, or otherwise noted) | |||||
For the Three Months Ended March 31, 2026 | |||||
Chinese Mainland | Overseas Markets | Others | Unallocated expenses | Total | |
RMB | RMB | RMB | RMB | RMB | |
Operating profit | 598,747 | 45,750 | (38,613) | (59,042) | 546,842 |
Add: Depreciation and amortization | 16,180 | 1,785 | 116 | - | 18,081 |
Add: Share-based compensation expenses | - | - | - | 38,173 | 38,173 |
Non-GAAP Adjusted EBITDA | 614,927 | 47,535 | (38,497) | (20,869) | 603,096 |
For the Three Months Ended March 31, 2025 | |||||
Chinese Mainland | Overseas Markets | Others | Unallocated expenses | Total | |
RMB | RMB | RMB | RMB | RMB | |
Operating profit | 913,142 | 24,379 | (19,651) | (34,679) | 883,191 |
Add: Depreciation and amortization | 16,919 | 1,104 | 11 | - | 18,034 |
Add: Share-based compensation expenses | - | - | - | 34,679 | 34,679 |
Non-GAAP Adjusted EBITDA | 930,061 | 25,483 | (19,640) | - | 935,904 |
Note: | |||||
"Non-GAAP Adjusted EBITDA" represents operating profit (loss) plus (a) depreciation and amortization expenses and (b) share-based compensation expenses. | |||||
View original content:https://www.prnewswire.com/news-releases/finvolution-group-reports-first-quarter-2026-unaudited-financial-results-302781329.html
SOURCE FinVolution Group