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FinVolution Group (FINV)
NYSE:FINV
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Earnings Data
Report Date
Mar 12, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 18, 2024
|% Change Since: 12.44%
|Next Earnings Date:Mar 12, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted strong international growth and technological advancements, alongside a commitment to ESG initiatives and shareholder returns. However, challenges in the Chinese market and future funding cost reductions were noted as concerns.Company Guidance
During the third quarter of 2024 earnings call for FinVolution Group, several key metrics and strategic insights were discussed. The company reported a total transaction volume of RMB 52.2 billion and an outstanding loan balance of RMB 68.1 billion, showing year-over-year increases of 1.8% and 3.3%, respectively. International revenue contribution is expected to reach around 20% in 2024, up from 10.3% in 2022, with a strategic goal of achieving 50% by 2030. The international transaction volume grew to RMB 7.2 billion, a 29% year-over-year increase. FinVolution served 32.6 million borrowers, with 2.1 million from international markets in the first nine months of 2024. The company's funding costs improved by 190 basis points since the year's start, and the loan collection recovery rate rebounded to 88.5%. Additionally, FinVolution deployed USD 81.1 million for share repurchases in the first nine months, highlighting its commitment to enhancing shareholder value.International Revenue Growth
International revenue contribution increased significantly from 3.7% in 2020 to 10.3% in 2022, and expected to be around 20% in 2024. The number of new international borrowers reached 671,000, up 60% year-over-year and 43% quarter-over-quarter.
Technological Innovations
FinVolution presented its detection solutions for combating deepfake voice command scams and integrated larger-language models into its loan collection recovery process, improving the recovery rate and saving millions of dollars.
ESG Efforts and Small Business Loans
Empowered 447,000 small business owners with loans totaling RMB 15.4 billion during the quarter, up 25% year-over-year.
Operational Excellence in the Philippines
Transaction volume in the Philippines grew 137% year-over-year and 24% sequentially to RMB 838 million.
Shareholder Returns
Deployed USD 24.3 million to repurchase around 4.6 million ADS, with a total return of USD 686.1 million to shareholders through share repurchases and dividends.
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FINV Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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FINV Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 18, 2024 | $6.03 | $6.23 | +3.32% |
| Aug 20, 2024 | $5.70 | $5.50 | -3.51% |
| May 15, 2024 | $5.16 | $5.05 | -2.13% |
| Mar 18, 2024 | $4.77 | $4.64 | -2.73% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does FinVolution Group (FINV) report earnings?
FinVolution Group (FINV) is schdueled to report earning on Mar 12, 2025, TBA Not Confirmed.
What is FinVolution Group (FINV) earnings time?
FinVolution Group (FINV) earnings time is at Mar 12, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is FINV EPS forecast?
Currently, no data Available
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