Lexinfintech Holdings Ltd. · NASDAQ:LX
Lexinfintech — Q3 2025 Earnings Presentation
25 slides from Lexinfintech's earnings presentation, Nov 24, 2025
Slide 1: Investor Presentation Third Quarter 2025 Results
Investor Presentation Third Quarter 2025 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 01
Slide 5: Commitment to 2C2B2F
Commitment to 2C2B2F Connecting consumers to business and financial institutions 2B&2F 2C (Business and Financial Institutions) (Consumers) • 182 funding partners1 • Over 240 million registered users1 1. As of September 30, 2025, or accumulative 02
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 03
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 • Self-examination following the • Enhanced risk identification and same requirements as the 13 modeling platforms Risk • Dynamic credit approval process Compliance • Constant dialogue with regulators Management • Effective matching
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 08
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 09
Slide 13: Operational and Financial Data
02 Operational and Financial Data
Slide 14: 3Q25 Key Metrics
3Q25 Key Metrics Loan origination Net income Net income take rate 50.9 billion 521 million 2.01% -3.7% QoQ +1.9% QoQ +9 bps QoQ 10
Slide 15: Key Financials
Key Financials (RMB 000) 3Q24 2Q25 3Q25 QoQ YoY Credit facilitation service income 2,970,294 2,269,846 2,616,805 15.3% -11.9% Tech-empowerment service income 383,592 830,124 456,044 -45.1% 18.9% Installment e-commerce platform service income 308,257 487,444 344,649 -29.3% 11.8% Total operating reven
Slide 16: User Base
User Base Registered Users Cumulative Active Users (mn) (mn) QoQ QoQ +1.7% +1.9% 240 236 35.8 35.2 232 34.5 228 33.8 223 33.1 3Q24 4Q24 1Q25 2Q25 3Q25 3Q24 4Q24 1Q25 2Q25 3Q25 12
Slide 17: Loan Volume and Loan Balance
Loan Volume and Loan Balance Loan Originations Loan Balance (RMB bn) (RMB bn) QoQ QoQ -3.7% -3.7% 111.2 110.3 52.9 107.3 105.8 52.0 51.6 101.8 51.0 50.9 3Q24 4Q24 1Q25 2Q25 3Q25 3Q24 4Q24 1Q25 2Q25 3Q25 1. Loan originations represent the total principal amount of loans facilitated and originated dur
Slide 18: Revenue and Operating Expenses
Revenue and Operating Expenses Operating Revenue Operating Expenses (RMB mn) (RMB mn) QoQ QoQ -4.7% -12.8% 676 711 750 820 715 3,662 3,659 3,104 3,587 3,417 13% 13% 13% 12% 13% 8% 9% 9% 14% 10% 10% 13% 22% 21% 21% 19% 21% 16% 20% 23% 81% 74% 77% 69% 71% 65% 65% 66% 66% 63% 3Q24 4Q24 1Q25 2Q25 3Q25 3
Slide 19: Profit
Profit Net Profit1 Net Margin1 (RMB mn) QoQ QoQ +1.9% +1.0ppt 511 521 15.3% 13.9% 14.3% 430 363 310 9.9% 8.5% 3Q24 4Q24 1Q25 2Q25 3Q25 3Q24 4Q24 1Q25 2Q25 3Q25 1. Excluding after-tax impact of investment-related impairment losses. 15
Slide 20: Risk Performance
Risk Performance Delinquency Ratio (90 days +) First Payment Default 30+1 1.20% 3.7% 3.7% 3.6% 1.00% 3.3% 0.80% 3.1% 3.0% 2.9% 3.0% 0.60% 2.7% 2.5% 2.6% 0.40% 0.20% 0.00% 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 1. Loans facilitate
Slide 21: Understanding Our Financial Reports
Understanding Our Financial Reports ◼ Audit Financial Report Presentation Format ◼ Recommended Analysis Framework (RMB mn) 25Q2 25Q3 QoQ QoQ % (RMB mn) 25Q2 25Q3 QoQ QoQ % Credit facilitation service income 2,270 2,617 347 15% Net Revenue Tech-empowerment service income 830 456 -374 -45% Capital-hea
Slide 22: Appendix
Appendix
Slide 23: P&L Statement
P&L Statement For the Three Months Ended September 30, (In thousands, except for share and per share data) 2024 2025 RMB RMB US$ Operating revenue: Credit facilitation service income 2,970,294 2,616,805 367,580 Loan facilitation and servicing fees-credit oriented 1,850,850 1,428,159 200,612 Guarante
Slide 24: Balance Sheet (1)
Balance Sheet (1) As of (In thousands) December 31, 2024 September 30, 2025 RMB RMB US$ ASSETS Current Assets Cash and cash equivalents 2,254,213 2,191,291 307,809 Restricted cash 1,638,479 1,823,593 256,159 Restricted term deposit and short-term investments 138,497 177,982 25,001 Short-term financi
Slide 25: Balance Sheet (2)
Balance Sheet (2) As of (In thousands) December 31, 2024 September 30, 2025 RMB RMB US$ LIABILITIES Current liabilities Accounts payable 74,443 49,067 6,892 Amounts due to related parties 10,927 7,908 1,111 Short-term borrowings and current portion of long-term borrowings 690,772 932,296 130,959 Sho
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