Qfin Reports Significant Decline in Second-Quarter Financial Performance

NEW YORK, Sept. 3, 2026 /CourierPR/ -- On August 25, 2026, Qfin released its second-quarter financial results for the year, revealing a significant decline in its financial performance. The company reported a 31.6% year-over-year decrease in total net revenue to RMB 3.57 billion, well below consensus estimates. Additionally, net income dropped by 76.8% year-over-year, primarily due to an unexpected RMB 500 million tax expense. Qfin’s management also provided a bleak outlook for the third quarter, projecting a 67% to 73% year-over-year decline in non-GAAP net income, citing rising funding costs and systemic liquidity challenges in the Chinese consumer credit market.

The news sent a shockwave through the market. Qfin’s American Depositary Receipt (ADR) price fell $2.18 per ADR, or 18.91%, closing at $9.35 per ADR on August 26, 2026.

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