8 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 5.7% per year over the past 5 years.
Net income has grown faster than revenue (9.8% vs 5.7% per year).
Operating margin has expanded, at 34.8% in the latest year.
Free cash flow has grown 13.8% per year over the past 5 years.
Financial health
Total debt has grown faster than revenue (272.3% vs 5.7% per year).
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$2.7B
$855M
84.4%
34.8%
$1.6B
—
$672M
2024
$2.4B
$856M
83.1%
43.9%
$1.3B
$247M
$610M
2023
$2.3B
$601M
83.7%
29.8%
$991M
$91M
$588M
2022
$2.4B
$581M
85.7%
27.0%
$855M
$18M
$1.0B
2021
$2.6B
$905M
86.5%
40.8%
$905M
—
$960M
2020
$2.1B
$536M
88.2%
27.9%
$814M
—
$677M
2019
$1.3B
$359M
88.2%
31.4%
$423M
—
$303M
2018
$647M
$174M
83.6%
37.0%
$40M
—
$210M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Dec '22
$622M
$140M
85.1%
24.5%
$276M
$18M
$1.0B
Sep '22
$508M
$120M
84.9%
28.0%
$201M
—
$1.0B
Valuation over time
How the market has priced QFIN against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has fallen from 9.1× (Mar '23) to 4.8× (Jun '26).
The price-to-sales ratio has fallen from 2.2× (Mar '23) to 1.5× (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Frequently asked questions
Is QFIN growing its revenue and profit?
Over the past 5 years, Qfin Holdings, Inc.'s revenue has grown 5.7% per year, and net income grown 9.8% per year. These are computed facts, not advice.
How much debt does QFIN have?
As of FY2025, Qfin Holdings, Inc. reported — of total debt against $672M of cash.
What is QFIN's profit margin?
In FY2025, gross margin was 84.4%, operating margin 34.8%, and net margin 31.1%.
What is QFIN's P/E ratio?
As of Jun '26, Qfin Holdings, Inc. traded at a price-to-earnings ratio of about 4.8× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.