The company is expected to report revenue of about 470 million dollars. Beyond the top-line numbers, the focus remains on the growth of its international business in markets like Indonesia and the Philippines. This expansion is a key part of the company's effort to diversify its earnings away from the stricter regulatory environment in China.
Management has established a reliable pattern of setting conservative targets and clearing them. This makes their forecasts easy to trust as they pivot the business toward new markets.
Earnings history
EstimateBeatMiss
FinVolution past earnings results
Expected
Actual
Surprise
EPS
$0.23
$0.26
+11.4%
Revenue
$439M
$465M
+6.0%
Key highlights
International revenue rising: Overseas sales grew 34.5% to RMB948.9 million, making up 29.6% of total revenue compared to 20.3% a year ago. This shift shows the company successfully finding growth outside of its home market in China to balance domestic challenges.
International borrower growth accelerating: The number of unique overseas borrowers surged 155.4% to 4.5 million, while new international borrowers jumped 160% to 1.7 million. This rapid expansion in Indonesia, the Philippines, and Australia is a clear sign the company can export its lending technology to new regions.
China business slowing: Transaction volume in mainland China fell 21.6% to RMB38.5 billion as management pulled back to focus on higher quality loans during a period of regulatory change. The number of unique borrowers in China dropped 22.7% to 1.7 million, showing the company is being more selective about who it lends to.
Mainland delinquency rate rising: The 90 day plus delinquency ratio, which measures loans that are three to six months past due, rose to 3.11% from 2.85% in the previous quarter. This is a concerning trend because it sits above the company target of 3.0%, suggesting the lending environment in China is becoming more difficult.
Cash returned to owners: FinVolution spent $39.4 million on share repurchases and paid a dividend of $0.306 per share, which was a 10.5% increase over last year. Consistent buybacks and higher dividends show the business still generates significant cash even while the main China segment shrinks.
Full year outlook maintained: Management expects total revenue for the full year to be between RMB11.5 billion and RMB12.9 billion. This guidance suggests revenue could potentially grow compared to the RMB12.5 billion earned in 2025, depending on how quickly the China market stabilizes.
Our take: A mixed quarter that highlights the growing gap between the company shrinking China business and its booming international segments. While the rise in China delinquency rates above 3% is a clear negative, the 155% growth in overseas borrowers proves the expansion strategy works. This report strengthens the case for the stock as an international growth story rather than just a China play.
FinVolution’s next earnings date
Q2 2026
AUG
27
Expectation
EPS
—
Revenue
$470M
Metrics we are tracking
Metric
Expectations
Status
International Revenue Mix
Reaching 35% of total revenue within 18 months
31.4% in Q4 2025
90-Day Delinquency Rate
Holding China delinquencies below 3.0% of the portfolio
2.85% in Q4 2025
International Unique Borrowers
Growth staying above 20% year over year
133.8% YoY in Q4 2025
Free Cash Flow Margin
Sustaining FCF margin above 12% of revenue
14.1% for FY2025
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