-Full Year 2025 Revenue reached RMB13.6 billion, up 3.8% year-over-year-
-Full Year 2025 International Transaction Volume reached RMB14.0 billion, up 38.6% year-over-year-
- Full Year International Revenues reached RMB3.3 billion, up 32.0% year-over-year and representing 24.6% of total net revenues-
SHANGHAI, March 16, 2026 /PRNewswire/ -- FinVolution Group ("FinVolution" or the "Company") $(FINV)$, a leading fintech platform across China and international markets, today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2025.
For the Full
For the Three Year Ended /
Months Ended/As As of December YoY
of 31, Change
------------------
December December
31, 31, YoY
2024 2025 Change 2024 2025
---------------------- -------- -------- ------- ------- -------
Total Transaction
Volume (RMB in
billions)(1) 56.9 42.8 -24.8 % 206.2 200.3 -2.9 %
Transaction Volume
(China's
Mainland)(2) 54.0 38.7 -28.3 % 196.1 186.3 -5.0 %
Transaction Volume
(International)(3) 2.9 4.1 41.4 % 10.1 14.0 38.6 %
Total Outstanding Loan
Balance (RMB in
billions) 71.5 70.9 -0.8 % 71.5 70.9 -0.8 %
Outstanding Loan
Balance (China's
Mainland)(4) 69.8 68.3 -2.1 % 69.8 68.3 -2.1 %
Outstanding Loan
Balance
(International)(5) 1.7 2.6 52.9 % 1.7 2.6 52.9 %
---------------------- -------- -------- ------- ------- ------- -------
Fourth Quarter 2025 China Market Operational Highlights
-- Cumulative registered users6 reached 187.4 million as of December 31,
2025, an increase of 8.6% compared with December 31, 2024.
-- Cumulative borrowers7 reached 29.0 million as of December 31, 2025, an
increase of 8.2% compared with December 31, 2024.
-- Number of unique borrowers8 for the fourth quarter of 2025 was 1.5
million, a decrease of 28.6% compared with the same period of 2024.
-- Transaction volume2 was RMB38.7 billion for the fourth quarter of 2025, a
decrease of 28.3% compared with the same period of 2024.
-- Transaction volume facilitated for repeat individual borrowers9 for the
fourth quarter of 2025 was RMB30.8 billion, a decrease of 34.0% compared
with the same period of 2024.
-- Outstanding loan balance4 was RMB68.3 billion as of December 31, 2025, a
decrease of 2.1% compared with December 31, 2024.
-- Average loan size10 was RMB12,877 for the fourth quarter of 2025,
compared with RMB11,466 for the same period of 2024.
-- Average loan tenure11 was 8.2 months for the fourth quarter of 2025,
compared with 8.0 months for the same period of 2024.
-- 90 day+ delinquency ratio12 was 2.85% as of December 31, 2025.
Fourth Quarter 2025 International Market Operational Highlights
-- Cumulative registered users13 reached 52.1 million as of December 31,
2025, an increase of 45.9% compared with December 31, 2024.
-- Cumulative borrowers14 for the international markets reached 11.7 million
as of December 31, 2025, an increase of 67.1% compared with December 31,
2024.
-- Number of unique borrowers15 for the fourth quarter of 2025 was 3.8
million, an increase of 133.8% compared with the same period of 2024.
-- Number of new borrowers16 for the fourth quarter of 2025 was 1.6 million,
an increase of 117.3% compared with the same period of 2024.
-- Transaction volume3 reached RMB4.1 billion for the fourth quarter of
2025, an increase of 41.4% compared with the same period of 2024.
-- Outstanding loan balance5 reached RMB2.6 billion as of December 31, 2025,
an increase of 52.9% compared with December 31, 2024.
-- International business revenue was RMB950.9 million (US$136.0 million)
for the fourth quarter of 2025, an increase of 28.6% compared with the
same period of 2024, representing 31.4% of total revenue for the fourth
quarter of 2025.
Fourth Quarter 2025 Financial Highlights
-- Net revenue was RMB3,023.9 million (US$432.4 million) for the fourth
quarter of 2025, compared with RMB3,456.7 million for the same period of
2024.
-- Net profit was RMB415.5 million (US$59.4 million) for the fourth quarter
of 2025, compared with RMB680.8 million for the same period of 2024.
-- Non-GAAP adjusted operating income,17 which excludes share-based
compensation expenses before tax, was RMB519.8 million (US$74.3 million)
for the fourth quarter of 2025, compared with RMB822.0 million for the
same period of 2024.
-- Diluted net profit per American depositary share ("ADS") was RMB1.63
(US$0.23) and diluted net profit per share was RMB0.33 (US$0.05) for the
fourth quarter of 2025, compared with RMB2.61 and RMB0.52 for the same
period of 2024, respectively.
-- Non-GAAP diluted net profit per ADS was RMB1.77 (US$0.25) and non-GAAP
diluted net profit per share was RMB0.35 (US$0.05) for the fourth quarter
of 2025, compared with RMB2.74 and RMB0.55 for the same period of 2024,
respectively. Each ADS of the Company represents five Class A ordinary
shares of the Company.
________________________________________________________________
1 Represents the total transaction volume facilitated in China's Mainland and the international markets on the Company's platforms during the period presented. (2) Represents our transaction volume facilitated in China's Mainland during the period presented. During the fourth quarter, RMB19.0 billion was facilitated under the capital-light model, for which the Company does not bear principal risk. (3) Represents our transaction volume facilitated in markets outside China's Mainland during the period presented. These operating data include those of Fundo Loans Pty Ltd, an Australian company acquired in October 2025, for the period after its acquisition. (4) Outstanding loan balance (China's Mainland) as of any date refers to the balance of outstanding loans in China's Mainland market excluding loans delinquent for more than 180 days from such date. As of December 31, 2025, RMB37.8 billion was facilitated under the capital-light model, for which the Company does not bear principal risk. (5) Outstanding loan balance (international) as of any date refers to the balance of outstanding loans in the international markets excluding loans delinquent for more than 30 days from such date. These operating data include those of Fundo Loans Pty Ltd, an Australian company acquired in October 2025, as of December 31, 2025, covering both pre- and post-acquisition periods. (6) On a cumulative basis, the total number of users in China's Mainland market registered on the Company's platform as of December 31, 2025. (7) On a cumulative basis, the total number of borrowers in China's Mainland market registered on the Company's platform as of December 31, 2025. (8) Represents the total number of borrowers in China's Mainland who successfully borrowed on the Company's platform during the period presented. (9) Represents the transaction volume facilitated for repeat borrowers in China's Mainland who successfully completed a transaction on the Company's platform during the period presented. (10) Represents the average loan size on the Company's platform in China's Mainland during the period presented. (11) Represents the average loan tenor on the Company's platform in China's Mainland during the period presented. (12) "90 day+ delinquency ratio" refers to the outstanding principal balance of loans, excluding loans facilitated under the capital-light model, that were 90 to 179 calendar days past due as a percentage of the total outstanding principal balance of loans, excluding loans facilitated under the capital-light model on the Company's platform as of a specific date. Loans that originated outside China's Mainland are not included in the calculation. (13) On a cumulative basis, the total number of users registered on the Company's platforms outside China's Mainland market, as of December 31, 2025. These operating data include those of Fundo Loans Pty Ltd, an Australian company acquired in October 2025, as of December 31, 2025, covering both pre- and post-acquisition periods. (14) On a cumulative basis, the total number of borrowers on the Company's platforms outside China's Mainland market, as of December 31, 2025. These operating data include those of Fundo Loans Pty Ltd, an Australian company acquired in October 2025, as of December 31, 2025, covering both pre- and post-acquisition periods. (15) Represents the total number of borrowers outside China's Mainland who successfully borrowed on the Company platforms during the period presented. These operating data include those of Fundo Loans Pty Ltd, an Australian company acquired in October 2025, for the period after its acquisition. (16) Represents the total number of new borrowers outside China's Mainland whose transactions were facilitated on the Company's platforms during the period presented. These operating data include those of Fundo Loans Pty Ltd, an Australian company acquired in October 2025, for the period after its acquisition. (17) Please refer to "UNAUDITED Reconciliation of GAAP and Non-GAAP Results" for reconciliation between GAAP and Non-GAAP adjusted operating income.
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