Lexin Hits Stride with Diversified Business Ecosystem in Q1 2026
Lexin, a leading fintech company in China, has reported strong operational resilience in its first quarter of 2026, despite macroeconomic and industry challenges. In a recent conference call, the company's Chairman and CEO, Mr. Jay Wenjie Xiao, highlighted the success of its diversified business ecosystem, which accounted for nearly 50% of the total loan volume during the quarter.
According to Mr. Xiao, the installment e-commerce, offline inclusive finance, and fintech empowerment businesses grew faster than the online loan facilitation business, becoming the company's new growth drivers. This indicates a significant shift in the company's strategy towards diversified development, with a focus on healthy and sustainable growth.
The company achieved a loan volume of RMB 57.9 billion during the quarter, representing a 15.9% increase from Q4 2025 and a 12.2% year-over-year increase. Revenue reached RMB 3.3 billion, with the number of active users standing at 5.17 million, a 14.1% rise from Q4 2025 and an 8.6% year-over-year increase.
Notably, the number of new active users was 1.44 million, up 63.3% quarter-over-quarter and 101.6% year-over-year. Net profit reached RMB 201 million during the quarter, while a number of key risk indicators continued to show improvement, maintaining a stable trend.
Mr. Xiao emphasized that the company's diversified ecosystem businesses have unlocked new growth space for its B2B business by efficiently connecting with internet traffic platforms and financial institutions. The fintech empowerment business has also begun to grow rapidly, leveraging the company's technological capabilities and operational experience to build resource collaboration between Lexin, internet traffic platforms, and various financial institutions.
The installment e-commerce business continued to deepen its presence in different consumption scenarios, refine the supply chain system, and enrich product offerings across categories. The company added nearly 150 well-known brands during the quarter, launching an outlet channel for select merchants and signing more than 20 domestic and international fashion and sports brands.
Total transaction volume of participating brands increased by 43% quarter-over-quarter, fully meeting users' demand for quality consumption. The company's promotional campaigns during key consumption periods, such as New Year's Day and Chinese Spring Festival Gift Fair, consistently drove consumption growth.
Lexin's Q1 2026 results demonstrate the company's progress towards diversified development and its commitment to healthy and sustainable growth. As the fintech landscape continues to evolve, Lexin is well-positioned to leverage its unique business ecosystem to drive future success.
