Lexinfintech Holdings Ltd. · NASDAQ:LX
Lexinfintech — Q2 2026 Earnings Presentation
25 slides from Lexinfintech's earnings presentation, 2026
Slide 1: Investor Presentation Second Quarter 2026 Results
Investor Presentation Second Quarter 2026 Results
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by LexinFintech Holdings Ltd (the “Company”) pursuant to Section 5(d) of the U.S. Securities Act of 1933, as amended (the “Securities Act”) solely for informational purposes and is not an offer to buy or sell or a solicitation of an offer to buy or sell
Slide 3: Company Overview
01 Company Overview
Slide 4: Addressing the Market with Different Focuses
Addressing the Market with Different Focuses Core business supported by new growth opportunities Tech- Installment Credit Facilitation Empowerment E-commerce Service Service Platform Service 04
Slide 5: Commitment to 2C2B2F
Commitment to 2C2B2F Connecting consumers to business and financial institutions 2B&2F 2C (Business and Financial Institutions) (Consumers) • 186 funding partners1 • Over 253 million registered users1 1. As of June 30, 2026, or accumulative 05
Slide 6: A Seamless Experience for New-Generation Consumers
A Seamless Experience for New-Generation Consumers Omni-channels and multiple access for our users Consumer credit Maiya E-commerce 06
Slide 7: Empowering the Digitalization of Financial Institutions
Empowering the Digitalization of Financial Institutions Supporting financial institutions in building in-house capabilities and competitiveness Local Fintech deployment upgrade Channel co-building Digital infrastructure Product design Quality assets Risk management Operational efficiency Customer ma
Slide 8: Priorities Unchanged in Execution
Priorities Unchanged in Execution Staying compliant and competitive • All new loans originated have • Enhanced risk identification and been priced at or below an annual modeling interest rate of 24% Risk • Dynamic credit approval process Compliance • Constant dialogue with regulators Management • Ef
Slide 9: Optimize Customer Development Strategy to Deal with External Uncertainty
Optimize Customer Development Strategy to Deal 工作不足 with External 明年计划 Uncertainty Premium Customer Focused • Increase the mix of premium customers & control the access of high-risk customers • Strike a balance between scale and risk • Stable risk performance & high quality of new loan originations
Slide 10: Core Capabilities of Lexin
Core Capabilities of Lexin Customer Service and Risk Management A Operation A • Rich internal data & high-quality B external data • Customer operation by segment • Model upgrade • Customer profile and credit • AB Testing identification • Tailor-made products and services D B Technology and Data Coop
Slide 11: Lexin Smart Business Engine
Lexin Smart Business Engine Credit Application Approving Smart Business Alert Engine Customer Label Transaction Acquisition Summa- rize Acquisition Promoting Process Auto-Matching & Connecting Simulate IDSS Big Data Verify Insight Post Lending Collection & Quality Controlling 11
Slide 12: Lexin Eco-System
Lexin Eco-System Acquiring high-quality customers through multi-scenarios Huge funding pool & diverse consumption Larger scale & higher scenarios Lexin profitability Eco-System Empowering financial institutions Rich data, optimized models and merchants & technology capabilities LePartner 12
Slide 13: Operational and Financial Data
02 Operational and Financial Data
Slide 14: 2Q26 Key Metrics
2Q26 Key Metrics Loan origination Net income Net income take rate 55.4 billion 101 million 0.43% -4.3% QoQ -49.7% QoQ -0.41 ppts QoQ 14
Slide 15: Key Financials
Key Financials (RMB 000) 2Q25 1Q26 2Q26 QoQ YoY Credit facilitation service income 2,269,846 2,231,671 1,930,271 -13.5% -15.0% Tech-empowerment service income 830,124 552,800 473,053 -14.4% -43.0% Installment e-commerce platform service income 487,444 524,667 783,684 49.4% 60.8% Total operating reve
Slide 16: User Base
User Base Registered Users Cumulative Active Users (mn) (mn) QoQ QoQ +1.4% +2.6% 253 250 39.2 245 38.2 240 36.7 236 35.8 35.2 2Q25 3Q25 4Q25 1Q26 2Q26 2Q25 3Q25 4Q25 1Q26 2Q26 16
Slide 17: Loan Volume and Loan Balance
Loan Volume and Loan Balance Loan Originations1 Loan Balance2 (RMB bn) (RMB bn) QoQ QoQ -4.3% -3.0% 105.8 57.9 101.8 55.4 52.9 96.6 96.5 50.9 93.7 50.0 2Q25 3Q25 4Q25 1Q26 2Q26 2Q25 3Q25 4Q25 1Q26 2Q26 1. Loan originations refer to the total principal amount of loans originated during the given peri
Slide 18: Revenue and Operating Expenses
Revenue and Operating Expenses Operating Revenue Operating Expenses (RMB mn) (RMB mn) QoQ QoQ -3.7% -20.7% 821 716 590 758 601 3,587 3,417 3,043 3,309 3,187 12% 13% 12% 13% 18% 14% 10% 13% 16% 25% 19% 13% 5% 21% 22% 20% 23% 17% 24% 15% 77% 82% 69% 66% 66% 67% 63% 67% 58% 60% 2Q25 3Q25 4Q25 1Q26 2Q26
Slide 19: Profit
Profit Net Profit Net Margin (RMB mn) QoQ QoQ -49.7% -2.9 ppts 511 521 15.3% 14.3% 214 7.0% 201 6.1% 101 3.2% 2Q25 3Q25 4Q25 1Q26 2Q26 2Q25 3Q25 4Q25 1Q26 2Q26 19
Slide 20: Risk Performance
Risk Performance Delinquency Ratio (90 days +) First Payment Default 30+1 3.7% 3.7% 3.6% 3.6% 3.5% 1.20% 3.3% 1.00% 3.1% 3.1% 3.0% 0.80% 3.0% 2.9% 0.60% 2.7% 2.6% 2.5% 0.40% 0.20% 0.00% Jul-22 Jul-23 Jul-24 Jul-25 Jan-22 May-22 Nov-22 Mar-23 May-23 Nov-23 May-24 Nov-24 May-25 Nov-25 Mar-22 Sep-22 Ja
Slide 21: Understanding Our Financial Reports
Understanding Our Financial Reports ◼ Audit Financial Report Presentation Format ◼ Recommended Analysis Framework (RMB mn) 26Q1 26Q2 QoQ QoQ % (RMB mn) 26Q1 26Q2 QoQ QoQ % Credit facilitation service income 2,232 1,930 -301 -14% Net Revenue Tech-empowerment service income 553 473 -80 -14% Capital-he
Slide 22: Appendix
Appendix
Slide 23: P&L Statement
P&L Statement For the Three Months Ended June 30, (In thousands, except for share and per share data) 2025 2026 RMB RMB US$ Operating revenue: Credit facilitation service income 2,269,846 1,930,271 284,487 Loan facilitation and servicing fees-credit oriented 1,130,734 738,377 108,823 Guarantee incom
Slide 24: Balance Sheet (1)
Balance Sheet (1) As of (In thousands) December 31, 2025 June 30, 2026 RMB RMB US$ ASSETS Current Assets Cash and cash equivalents 2,156,133 1,232,362 181,628 Restricted cash 1,717,773 1,164,978 171,697 Restricted term deposit and short-term investments 78,458 51,671 7,615 Short-term financing recei
Slide 25: Balance Sheet (2)
Balance Sheet (2) As of (In thousands) December 31, 2025 June 30, 2026 RMB RMB US$ LIABILITIES Current liabilities Accounts payable 101,178 148,155 21,835 Amounts due to related parties 8,708 9,172 1,352 Short-term borrowings and current portion of long-term borrowings 905,791 839,501 123,727 Short-
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