FinVolution Group (FINV) Q4 2025 earnings summary

Executive summary

• Full-year 2025 revenue reached RMB 13.6 billion, up 3.8–4% year-over-year, with net profit rising 6.6–7% to RMB 2.5 billion.

• International expansion accelerated, with international revenue growing 32% to RMB 3.3 billion and contributing 24.6–31% of total revenue; international transaction volume surged 38.6–41.4% to RMB 14.0 billion.

• Achieved full-year profitability in Indonesia and the Philippines, and entered the Australian market via Fundo acquisition.

• User base grew to 10.5 million unique borrowers, a 51% increase year-over-year, with 6.7 million new borrowers onboarded in 2025.

• Celebrated 18th anniversary, marking transition to a regional platform bridging credit gaps across Asia.

Financial highlights

• Full-year transaction volume was RMB 200–200.3 billion, with a loan balance of RMB 68.3–70.9 billion.

• Q4 2025 net revenue was RMB 3.0–3.02 billion; Q4 net profit was RMB 415.5 million.

• International Q4 transaction volume reached RMB 4.1 billion, up 14–41.4% year-over-year; unique borrowers in international markets grew 108–133.8% to 3.8–5.9 million.

• Dividend per share/ADS increased 10.5% to $0.306, with total payout of $74.5 million and a payout ratio of 49–50%.

• Shareholder returns included US$107–107.2 million in share repurchases, with a record US$40.7 million in Q4.

Outlook and guidance

• 2026 group revenue is expected to decline 5–15% year-over-year due to regulatory changes in China, with guidance of RMB 11.5–12.9 billion.

• Targeting 50% of revenue from international markets by 2030; international revenue to account for roughly 30% of 2026 total.

• Continued focus on international market growth, product diversification, and high-quality, compliant operations in China.