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Qfin Holdings Announces Second Quarter and Interim 2026 Unaudited Financial Results and Declares Semi-Annual Dividend

QFIN
  • Qfin Holdings reported Q2 2026 total net revenue of RMB3,566.6 million (US$525.6 million), a decrease from RMB3,909.3 million in the prior quarter and RMB5,215.9 million in the same period of 2025.
  • Net income for the second quarter was RMB401.4 million (US$59.2 million), compared to RMB879.8 million in the prior quarter and RMB1,730.5 million in the same period of 2025.
  • Non-GAAP net income for Q2 2026 was RMB454.9 million (US$67.0 million), down from RMB945.9 million in the prior quarter.
  • Cumulative platform users with approved credit lines reached 65.6 million as of June 30, 2026, an increase of 9.0% year-over-year.
  • Cumulative borrowers with successful drawdowns totaled 39.9 million as of June 30, 2026, up 8.5% from the prior year.
  • Total facilitation loan volume in Q2 2026 was RMB63,377 million, a 25.1% decrease from the same period in 2025.
  • Total outstanding loan balance decreased to RMB107,562 million as of June 30, 2026, a 23.2% drop from RMB140,080 million a year earlier.
  • The 90-day+ delinquency rate for loans originated by financial institutions was 2.83% as of June 30, 2026.
  • Repeat borrower contribution to loan volume in Q2 2026 was 89.4%.
  • The company declared a semi-annual dividend of US$0.23 per Class A ordinary share (US$0.46 per ADS) for the first half of 2026, with payment expected in late September or early October 2026.
  • Prof. Dong Lou was appointed as an independent director effective August 25, 2026.
  • As of August 25, 2026, the company had repurchased approximately 5.6 million ADSs for a total of US$234 million under its March 2025 share repurchase plan.
  • Cash from operations for the quarter was RMB1.1 billion, with total cash and short-term investments standing at approximately RMB10.6 billion at the end of Q2.
  • The company accrued a non-recurring tax-related expense of approximately RMB500 million in Q2 2026 due to updated tax regulations.
  • For Q3 2026, the company forecasts net income between RMB360 million and RMB460 million, representing a year-over-year decline of 67% to 73%.