Qfin Holdings stock reports a 31.6 percent revenue drop

Qfin Holdings reported Q2 2026 revenue of RMB 3.57 billion, down 31.6 percent from the prior year, while management guided for another sharp profit decline. On September 29, 2026, MarketBeat reported a consensus Reduce rating and an average 12-month target of USD 12.29.

Q2 revenue falls 31.6 percent

According to PR Newswire on August 25, 2026, Qfin's Q2 2026 total net revenue fell 31.6 percent year over year to RMB 3.57 billion. Net income declined 76.8 percent year over year, with an unexpected RMB 500 million tax expense weighing on the result.

The comparison is material because revenue and earnings moved in the same negative direction, but the tax item amplified the earnings decline. The reporting period covered the quarter ended June 30, 2026, keeping the figures inside the current interim reporting window.

Guidance points to another reset

Management projected Q3 2026 non-GAAP net income of RMB 400 million to RMB 500 million, a year-over-year decline of 67 percent to 73 percent, according to the August 25 release cited by Investing.com. The range implies a further earnings contraction after the Q2 result, with funding costs and consumer-credit liquidity identified as pressure points.

BofA Securities lowered its Qifu Technology target to USD 11.00 from USD 13.74 on September 10, 2026, while retaining a Neutral rating. MarketBeat's broader survey showed four sell ratings, three holds and one buy among eight analysts, putting the USD 12.29 average target above the individual BofA target.

Market value stays below yearly range

QFIN was last at USD 6.76 on Nasdaq on September 29, 2026 at 4:00 p.m. EDT. Its 52-week range was USD 6.72 to USD 31.08, and its market capitalization was USD 880.1 million on the same date.

For investors, the central issue is the distance between the Q2 revenue decline, the Q3 non-GAAP guidance and the analyst target reset. Qfin's credit-tech model remains tied to funding conditions, risk controls and the pace of consumer lending demand.