Qfin Holdings Q1 Users Up 11% While Loan Volume Drops 26.8%
QFIN•Qfin Holdings connected 297.5 million consumers and 167 institutional partners as of March 31, 2026, up 11.0%, while approved credit lines rose to 64.8 million users, an increase of 10.9%. Total loan volume fell 26.8% to RMB65,034 million, and net revenue declined to RMB3,909.3 million in Q1 2026.
1. Business Growth and Loan Metrics
As of March 31, 2026, Qfin Holdings platform connected 167 financial institutional partners and 297.5 million consumers, up 11.0% year-over-year. Cumulative users with approved credit lines reached 64.8 million, an increase of 10.9%, while total facilitation and origination loan volume declined 26.8% to RMB65,034 million.
2. Financial Results
In Q1 2026, net revenue totaled RMB3,909.3 million, down from RMB4,092.7 million in the prior quarter. Net income decreased to RMB879.8 million, and non-GAAP net income was RMB945.9 million, with diluted net income per ADS at RMB7.16 on a GAAP basis and RMB7.70 non-GAAP.
3. Credit Quality and Standards
The weighted average loan tenor increased to 11.3 months, while the 90-day+ delinquency rate stood at 3.50%. Repeat borrower contribution reached 86.8%, reflecting efforts to tighten credit standards during regulatory adjustments.
