LexinFintech Achieves Strong Q3 with Profit Surge

Lexinfintech Holdings (LX) has released an update.

LexinFintech Holdings reported a strong financial performance in the third quarter of 2024, with net profit surging by 36.7% to RMB310 million despite a decline in loan origination. The company’s operating revenue grew by 4.4% year-over-year to RMB3.7 billion, driven by improved asset quality and reduced funding costs. Lexin remains optimistic about its ongoing transformation strategies and has increased its dividend payout policy to 25% of net profit starting in 2025.

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