On Tuesday, March 31st, Eastern Time, the US stock market closed with a significant rally. Driven by the broader market surge and its impressive Q1 2026 performance, LexinFintech Holdings Ltd. (LX.US), a leading new consumption digital technology service provider in China, saw its stock price rise by 13.18%. The stock closed at $2.23, with a daily trading volume of $11.997 million. This 13.18% gain marked the stock's highest single-day increase in the past six months, while the trading volume also hit a two-and-a-half-month high.
On the broader market front, US stocks resumed trading after the holiday, continuing the momentum where semiconductor and AI-related stocks collectively surged. Both the S&P 500 and the Nasdaq Composite reached new intraday and all-time closing highs. At the close, the S&P 500 was up 0.61%, the Nasdaq Composite gained 1.19%, and the Dow Jones Industrial Average dipped 0.23%. The Nasdaq Golden Dragon China Index closed up 0.57% on Tuesday. By the market close, NetEase was up 5.83%, Bilibili rose 3.19%, and Pony.ai gained nearly 5%.
On May 25th, LexinFintech released its unaudited financial results for the first quarter of 2026. Facing macroeconomic and industry challenges, the company's installment retail, offline inclusive services, and To B digital intelligence technology businesses now account for nearly 50% of total transaction volume. The growth rate of these ecosystem businesses has surpassed that of its online loan facilitation business, forming a new growth curve and indicating a preliminary completion of the transition between old and new business drivers.
Specifically, for Q1, the company reported revenue of RMB 3.309 billion; profit (Non-GAAP EBIT) of RMB 301 million; managed loan balance of RMB 96.541 billion; transaction volume of RMB 57.898 billion, representing a 15.9% quarter-over-quarter increase and a 12.2% year-over-year increase; active users reached 5.167 million, up 14.1% quarter-over-quarter and 8.6% year-over-year; and new active users numbered 1.444 million, surging 63.3% quarter-over-quarter and 101.6% year-over-year.
From the Fenqile Mall's transaction volume doubling year-over-year, to the rapid growth of its To B digital intelligence technology business, and the continued deepening of its offline inclusive services into the real economy, LexinFintech's role has evolved into a facilitator of consumption growth, a practitioner of inclusive finance, and a connector of traffic and financial services.
Founded in August 2013 and headquartered in Shenzhen, China, LexinFintech has consistently worked to bridge vast online and offline consumption scenarios through its platforms. With the brand philosophy of "Easy Consumption, Flexible Liquidity," it connects hundreds of millions of young Chinese consumers with new consumer brands. The company officially listed on the Nasdaq in the United States in December 2017.
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