FinVolution's Q1 2026 net revenue fell 7.8% YoY to RMB3.21 billion and net profit dropped 42.9% to RMB421.1 million as Mainland transaction volume slid 21.6% to RMB38.5 billion. Overseas markets offset weakness with transaction volume up 36.7% to RMB4.1 billion and revenue rising 34.5% to RMB948.9 million.
For the quarter ended March 31, 2026, FinVolution’s Chinese Mainland transaction volume fell 21.6% YoY to RMB38.5 billion and outstanding loan balance declined 9.8% YoY to RMB65.1 billion. Mainland net revenue dropped to RMB2,216.1 million from RMB2,770.2 million, and U.S. GAAP operating profit fell to RMB598.7 million from RMB913.1 million.
Overseas transaction volume rose 36.7% YoY to RMB4.1 billion, driving outstanding loan balance up 36.8% to RMB2.6 billion. Overseas net revenue increased 34.5% to RMB948.9 million, accounting for 29.6% of total revenue, and U.S. GAAP operating profit grew to RMB45.8 million from RMB24.4 million.
Consolidated net revenue contracted 7.8% YoY to RMB3,210.1 million while net profit fell 42.9% to RMB421.1 million. Non-GAAP adjusted EBITDA declined to RMB585.0 million, reflecting pressure from slower growth in the core Mainland business.
