Qfin Holdings, Inc. (QFIN) Earnings Call Transcripts
Qfin Holdings, Inc.'s Latest Earnings Call - Q1 FY2026
In Q1 2026, Qfin Holdings, Inc. reported total net revenue of RMB 3.91 billion, down from RMB 4.09 billion in Q4 2025 and RMB 4.69 billion year-over-year. Non-GAAP net income decreased to RMB 946 million, reflecting a significant year-on-year decline primarily due to lower loan volumes and pricing pressures. Management provided cautious guidance for Q2 2026, expecting non-GAAP net income between RMB 900 million and RMB 980 million, indicating a year-on-year decline of 47% to 51%. The company's focus remains on risk management and optimizing its user mix amidst a challenging regulatory environment.
Reported metrics
| Metric | Value |
|---|---|
| Total Net Revenue | RMB 3.91 billion (miss) |
| Non-GAAP Net Income | RMB 946 million (miss) |
| C2M2 Ratio | 0.8% (positive) |
| Sales and Marketing Expenses | Decreased by 17% (positive) |
| New Credit Line Users | 1.19 million (miss) |
| 30-Day Collection Rate | 85.8% (positive) |
Guidance from management
Management expects Q2 2026 non-GAAP net income to be between RMB 900 million and RMB 980 million, reflecting a significant year-on-year decline of 47% to 51%. They emphasized a cautious approach in business planning due to ongoing macro uncertainties.
What analysts pressed on
Analysts expressed concerns regarding the ongoing regulatory pressures and their impact on loan growth. They questioned the company's ability to increase risk appetite and whether loan volumes would return to growth in the coming quarters.
Main topics on the call
- Revenue Decline — Total net revenue fell to RMB 3.91 billion, down 16.5% year-over-year. Management noted, "The year-on-year decline was mainly due to decrease in off-balance sheet loan volume more than offsetting the increase in on-balan...
- Improved Risk Metrics — Management highlighted a significant improvement in risk indicators, with the C2M2 ratio decreasing by 17% sequentially to 0.8%. This was attributed to "continuous optimization of risk strategies and the iteration of our...
- Cost Management — Sales and marketing expenses decreased by 17% quarter-over-quarter, reflecting a disciplined approach to customer acquisition. Management stated, "We kept prudent marketing spending while reallocating resources."
- Focus on High-Quality Users — Management increased spending on high-quality user acquisition by approximately 40% sequentially, indicating a strategic shift. They noted, "High-quality users tend to carry much lower risk than regular segments with hig...
Read the full Qfin Holdings, Inc. transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.
About Qfin Holdings, Inc.
Qfin Holdings, Inc. (QFIN) is a publicly listed company in the Consumer Finance industry, within the Financials sector. It trades on NasdaqGS and is based in US. EarningsCalls.dev maintains a free, full-text archive of its earnings call transcripts — 26 calls on record spanning March 27, 2020 to May 27, 2026. Every transcript is split into speaker-by-speaker segments with headline metrics, free to read or available through our REST API.
Earnings Call History
EarningsCalls.dev has 26 Qfin Holdings, Inc. earnings call transcripts on record, spanning March 27, 2020 to May 27, 2026. Based on this history, Qfin Holdings, Inc. reports quarterly. The most recent call on file is dated May 27, 2026. The full list is below — each row opens the complete, free-to-read transcript.
- Ticker
- QFIN
- Exchange
- NasdaqGS
- Country
- US
- Sector
- Financials
- Industry
- Consumer Finance
- Calls on record
- 26
- First call
- March 27, 2020
- Most recent
- May 27, 2026
- Reporting cadence
- quarterly