X Financial (XYF) Earnings Call Transcripts
X Financial's Latest Earnings Call - Q1 FY2026
In the first quarter of fiscal year 2026, X Financial (XYF:US) reported a significant decline in both revenue and earnings, with total net revenue at RMB 1.18 billion, down 39.3% year-over-year. The company emphasized a strategic pullback in loan origination, facilitating RMB 14.63 billion in loans, a 58.4% decrease from the previous year. Management signaled a cautious outlook, maintaining a focus on credit quality and regulatory compliance, while projecting loan origination for Q2 2026 in the range of RMB 11.5 billion to RMB 12.5 billion.
Reported metrics
| Metric | Value |
|---|---|
| Total Net Revenue | RMB 1.18 billion (miss) |
| Loan Origination | RMB 14.63 billion (miss) |
| Operating Income | RMB 140.7 million (miss) |
| Operating Margin | 12% (positive) |
| Net Income | RMB 37.9 million (miss) |
| Return on Equity | 1.9% (miss) |
Guidance from management
Management maintained a cautious outlook, projecting Q2 2026 loan origination between RMB 11.5 billion and RMB 12.5 billion, focusing on quality over volume amidst regulatory challenges.
What management said
Okay. Thank you, everyone, for joining us today. If you have additional questions, please reach out to our Investor Relations team directly. We appreciate your interest and look forward to speaking with you again. Thank you. Operator, back to you.
What analysts pressed on
Analysts expressed concerns regarding the ongoing regulatory pressures and their potential impact on profitability and operational flexibility. There were also questions about the sustainability of credit quality improvements and the effectiveness of the company's cost control measures.
Main topics on the call
- Revenue Decline — Total net revenue for Q1 2026 was RMB 1.18 billion, representing a 39.3% decline year-over-year and a 19.9% decline sequentially. Management stated, 'The decline was driven primarily by the significant reduction in loan ...
- Loan Origination Strategy — The company facilitated RMB 14.63 billion in loans, a 58.4% decrease year-over-year. Kan Li noted, 'We continue to place greater priority on portfolio integrity and long-term balance sheet stability over near-term origin...
- Credit Quality Concerns — The 31- to 60-day delinquency rate improved slightly to 2.61%, but the 91- to 180-day delinquency rate increased to 9.95%. Management acknowledged, 'Credit conditions remained under pressure in the first quarter.'
- Cost Management — Total operating costs were RMB 1.04 billion, down 28.5% sequentially, driven by reduced borrower acquisition and marketing spend. Noah Kauffman highlighted, 'We maintained tight control on discretionary spending.'
Read the full X Financial transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.
About X Financial
X Financial (XYF) is a publicly listed company in the Consumer Finance industry, within the Financials sector. It trades on NYSE and is based in US. EarningsCalls.dev maintains a free, full-text archive of its earnings call transcripts — 26 calls on record spanning April 28, 2020 to May 28, 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 X Financial earnings call transcripts on record, spanning April 28, 2020 to May 28, 2026. Based on this history, X Financial reports quarterly. The most recent call on file is dated May 28, 2026. The full list is below — each row opens the complete, free-to-read transcript.
- Ticker
- XYF
- Exchange
- NYSE
- Country
- US
- Sector
- Financials
- Industry
- Consumer Finance
- Calls on record
- 26
- First call
- April 28, 2020
- Most recent
- May 28, 2026
- Reporting cadence
- quarterly