360 DigiTech, Inc.

360 DigiTech, Inc. Earnings Recaps

QFIN Financials 3 recaps
Next earnings: August 13, 2026 (estimated) · full calendar
Q1 2026 May 29, 2026

Qfin Holdings shares surged 22.1% after reporting better-than-expected risk management progress and operational efficiencies amid a challenging consumer credit environment, reassuring investors despite ongoing volume declines.

Key takeaways
  • Total loan facilitation and origination volume declined approximately 7.5% sequentially to RMB 65 billion, reflecting continued softness in consumer credit demand.
  • Non-GAAP net income decreased 11.6% sequentially to about RMB 950 million; non-GAAP diluted EPADS fell 6.4% to RMB 7.70.
  • Significant risk metric improvements: FPD 7 declined ~20% sequentially, and the C2M2 delinquency ratio fell 17% sequentially to 0.8%.
  • Enhanced credit decisioning and collection scorecards led to a 1.8 percentage point sequential increase in the 30-day collection rate, reaching 85.8%.
  • Funding costs improved with a 10 basis point sequential reduction, supported by a 16% increase in ABS issuance to RMB 2.9 billion and optimized funding mix.
Full recap
Q3 2025 Nov 20, 2025

Qfin Holdings delivered stable financial results in Q3 2025 amid challenging market conditions, demonstrating strong risk management and sustained operational resilience.

Key takeaways
  • Non-GAAP net income reached RMB 1.51 billion, with non-GAAP EPADS at RMB 11.36, reflecting solid profitability.
  • Loan facilitation and origination volumes totaled RMB 83.3 billion, consistent with Q2 levels despite ongoing industry headwinds.
  • User acquisition improved with new credit line users increasing by 9% and average cost per user declining by 8%, bolstered by diversified channels and partnerships.
Full recap
Q2 2025 Aug 15, 2025

Qfin Holdings reported robust Q2 2025 performance, with a 30.8% increase in non-GAAP net income and a 16% rise in loan facilitation volume year-over-year, demonstrating resilience amid external challenges.

Key takeaways
  • Total loan facilitation volume reached RMB 84.6 billion, up 16% year-over-year.
  • Non-GAAP net income grew 30.8% to RMB 1.85 billion, with non-GAAP EPADS rising 48.8% to RMB 13.63.
  • The company enhanced its risk management approach, achieving a 5% reduction in First Payment Default rates for new loans from May to June.
  • New credit line users surged 40% year-over-year to 1.79 million, primarily driven by embedded finance initiatives.
  • Qfin's ABS issuance rose 70% year-over-year to RMB 7.8 billion, contributing to lower overall funding costs.
Full recap