Education
About Us
Working with TipRanks
Follow Us
Finvolution Group (FINV)
NYSE:FINV
Top Page
FinVolution Group
(NYSE:FINV)
Select Model
Select Model
Rating:71Outperform
Price Target:
$6.00
▲(19.05% Upside)
Action:ReiteratedDate:11/26/25
FinVolution Group's strong financial performance and attractive valuation are key strengths, but bearish technical indicators and regulatory challenges in China present risks. The company's international growth and technological advancements provide a positive outlook, though tempered by increased delinquency rates.
Positive Factors
International Business Expansion
The significant growth in international markets, now contributing 25% of total revenue, indicates successful geographic diversification and potential for sustained growth.
Technological Advancements
Continued investment in AI and technology enhances operational efficiency and customer satisfaction, strengthening competitive advantage.
Strong Financial Health
A low debt-to-equity ratio indicates minimal leverage risk, providing financial stability and flexibility for future investments.
Negative Factors
Regulatory Challenges in China
Regulatory changes in China may impact revenue and risk metrics, posing a challenge to domestic operations and requiring strategic adjustments.
Increased Delinquency Rates
Rising delinquency rates could affect loan performance and profitability, necessitating enhanced risk management strategies.
Decline in Free Cash Flow Growth
A decline in free cash flow growth may constrain liquidity and limit the company's ability to fund new initiatives or weather economic downturns.
FinVolution Group (FINV) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.42B
Dividend Yield5.2%
Average Volume (3M)1.07M
Price to Earnings (P/E)3.7
Beta (1Y)0.77
Revenue Growth9.32%
EPS Growth29.40%
CountryUS
Employees3,623
SectorFinancial
Sector Strength70
IndustryFinancial - Credit Services
Share Statistics
EPS (TTM)0.24
Shares Outstanding140,073,870
10 Day Avg. Volume1,139,438
30 Day Avg. Volume1,073,893
Financial Highlights & Ratios
PEG Ratio0.62
Price to Book (P/B)0.86
Price to Sales (P/S)1.00
P/FCF Ratio4.55
Enterprise Value/Market Cap3.42
Enterprise Value/Revenue0.35
Enterprise Value/Gross Profit0.43
Enterprise Value/Ebitda1.47
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)8.11
Revenue Forecast (FY)$12.49B
FinVolution Group Business Overview & Revenue Model
Company DescriptionFinVolution Group operates fintech platform that connects underserved individual borrowers with financial institutions in China. It operates in online consumer finance industry. The company's platform empowered by proprietary technologies, features automated loan transaction process, which enables a user experience. As of March 31, 2022, it had approximately 145.3 million cumulative registered users. The company was formerly known as PPDAI Group Inc. and changed its name to FinVolution Group in November 2019. FinVolution Group was founded in 2007 and is headquartered in Shanghai, the People's Republic of China.
How the Company Makes MoneyFinVolution generates revenue primarily through interest income from the loans it issues to consumers and small businesses. The company's revenue model is built on charging interest on these loans, as well as fees associated with loan origination and processing. Additionally, FinVolution may earn income from partnerships with financial institutions and other service providers, including referral fees for directing clients to partner services. The use of technology and data analytics allows FinVolution to optimize its lending processes and manage risk effectively, contributing to its profitability.
FinVolution Group Earnings Call Summary
Earnings Call Date:Mar 16, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Jun 03, 2026
Earnings Call Sentiment Positive
The call presented a resilient performance with modest group revenue and profit growth, strong and fast-growing international results (notably higher revenue share and profitability in Indonesia/Philippines and a strategic entry into Australia), meaningful shareholder returns, and improved funding costs. Offsetting these positives are regulatory headwinds in China that drove moderated origination and higher short-term credit metrics, plus guidance for a 5%–15% revenue decline in 2026. Overall, the company emphasizes diversification and execution to offset China uncertainty.Q4-2025 Updates
Positive Updates
Full-Year Revenue and Net Profit Growth
Group full year revenue of RMB 13.6 billion, up 3.8% year-over-year; net profit rose to RMB 2.5 billion, up 6.6% year-over-year.
Strong International Expansion
International transaction volume increased 38.6% year-over-year and international revenue rose 32.0% year-over-year; international contributed 31% of revenue for the quarter (vs. 21% a year ago); Q4 international transaction volume RMB 4.1 billion (USD 0.6 billion), up 41% YoY; unique borrowers reached 3.8 million, up 133.8% YoY; Indonesia and the Philippines delivered combined operating profit > USD 15 million and unique users across those markets doubled to 5.9 million for the full year.
Successful Entry into a Developed Market via M&A
Acquired Australian lending platform Fundo (holds ACL license) to enter Australia’s unsecured personal loan market (~AUD 33 billion); Fundo described as profitable and relatively digitalized, providing a fast, compliant path into a developed market.
Shareholder Returns and Management Confidence
Executed USD 107 million in share buybacks in 2025 (USD 40.7 million in Q4); additional USD 38 million repurchased in Q1 so far; Chairman and management repurchased USD 1.9 million personally; announced ~USD 74.5 million dividend for 2025 and increased dividend per share by 10.5% to USD 0.306; total shareholder return ~USD 182 million (~50% payout).
Funding Cost Improvement and Stable Take Rate
Funding cost reduced by 20 basis points quarter-over-quarter to 3.4%; overall take rate held steady at ~3%; China revenue for the quarter RMB 2.1 billion and group Q4 net revenue RMB 3.0 billion.
Customer Acquisition and Product Traction
Added 1.6 million new borrowers in the quarter, up 26% quarter-over-quarter; new borrower growth in key markets (e.g., Indonesia new borrower base grew >3x YoY); Buy Now, Pay Later and embedded e-commerce partnerships drove deeper penetration (Philippines embedded e-commerce contribution cited at ~43% of that market's volume vs ~30% a year ago).
Operational and ESG Wins
Launched tech-driven UX improvements that improved completion/conversion rates; executed humanitarian response in Indonesia benefiting ~1,800 residents; S&P CSA score improved for seven consecutive years, reinforcing ESG progress.
Negative Updates
China Regulatory Headwinds and Volume Moderation
Regulatory uncertainty in China tempered full year transaction volume to RMB 200 billion, down 2.9% year-over-year; Q4 China loan origination moderated to RMB 38.7 billion and loan balance was RMB 68.3 billion as the company prioritized risk over origination.
Rising Credit Risk Metrics
Vintage loss for newly originated cohorts stabilized around 3.0%; early risk indicators rose from ~5.0% to ~5.5% in Q4; 30-day collection rate fell from 88% to 86%; CM2 increased from 0.61% to 0.77% quarter-over-quarter; day-1 delinquency later reported around 5%—signs of elevated portfolio stress before partial stabilization in early 2026.
Guidance for Revenue Contraction in 2026
Company expects full year 2026 group revenue to decline between 5% and 15% year-over-year due to the impact of recent regulatory changes in China.
Near-Term Impact from Runoff of Legacy Loans
Management is running down legacy higher-risk loans and tightening underwriting, which reduces near-term origination volumes and will pressure short-term growth and cash generation until the portfolio rebalances.
Regulatory Changes in Key International Markets
Upcoming Philippines interest rate cap effective April 2026 may cause short-term moderation in that market; company expects the change to favor technology-enabled players but still anticipates some near-term disruption.
Company Guidance
Management guided FY2026 group revenue to decline 5%–15% year‑over‑year while expecting international revenue to be roughly 30% of full‑year revenue (vs. 31% of quarterly revenue and 21% a year ago) and reiterated a long‑term target of 50% international mix by 2030, with international profitability expected to scale meaningfully above the >USD15 million combined operating profit delivered by Indonesia and the Philippines in 2025. They said China will be run with patience and higher credit standards after Q4 originations of RMB 38.7 billion and a loan balance of RMB 68.3 billion, noting vintage loss for new cohorts stabilized around 3%, CM2 rose from 0.61% to 0.77%, Q4 30‑day collection fell to 86% (from 88%), and day‑1 delinquency has trended down to ~5% in Jan/Feb. Key reported metrics included FY2025 group revenue RMB 13.6 billion (+3.8% YoY), net profit RMB 2.5 billion (+6.6%), FY transaction volume RMB 200 billion (‑2.9% YoY), Q4 international volume RMB 4.1 billion/US$0.6 billion (+41% YoY) with 3.8 million unique borrowers (+133.8% YoY) and a full‑year Indonesia/Philippines user base of 5.9 million, funding cost down 20 bps QoQ to 3.4%, take‑rate ~3%, and continued shareholder returns (USD 107 million buybacks in 2025, USD 40.7 million in Q4, ~USD 38 million in Q1 so far, ~USD 74 million remaining under a USD 150 million program), a ~USD 74.5 million dividend (DPS USD 0.306, +10.5%) and total shareholder return of ~USD 182 million (~50% payout).FinVolution Group Financial Statement Overview
Summary
FinVolution Group demonstrates strong profitability with high margins and a robust balance sheet with minimal leverage. However, the decline in free cash flow growth is a concern, slightly offsetting the overall financial health.Income Statement
FinVolution Group demonstrates strong profitability with a high gross profit margin of 80.14% and a solid net profit margin of 19.99% for TTM. Revenue growth is modest at 1.53% TTM, indicating stability but limited expansion. EBIT and EBITDA margins are healthy, reflecting efficient operations.85
Very Positive
Balance Sheet
The company maintains a strong balance sheet with a low debt-to-equity ratio of 0.07, indicating minimal leverage. Return on equity is robust at 17.81%, showcasing effective use of equity to generate profits. The equity ratio is solid, reflecting a strong capital structure.90
Very Positive
Cash Flow
Cash flow analysis shows a decline in free cash flow growth by 31.72% TTM, which could be a concern. However, the operating cash flow to net income ratio is reasonable at 0.33, and free cash flow to net income ratio is high at 97.58%, indicating efficient cash conversion.70
Positive
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 14.00B | 13.07B | 12.60B | 11.28B | 9.54B | 7.56B |
| Gross Profit | 11.22B | 10.36B | 9.90B | 9.10B | 7.63B | 6.24B |
| EBITDA | 3.29B | 2.62B | 2.45B | 2.58B | 2.68B | 2.40B |
| Net Income | 2.80B | 2.38B | 2.34B | 2.27B | 2.51B | 1.97B |
Balance Sheet | ||||||
| Total Assets | 26.29B | 23.61B | 21.29B | 21.38B | 18.14B | 14.88B |
| Cash, Cash Equivalents and Short-Term Investments | 7.04B | 7.51B | 7.93B | 7.06B | 5.62B | 4.60B |
| Total Debt | 1.15B | 34.36M | 41.63M | 176.99M | 33.36M | 43.30M |
| Total Liabilities | 9.58B | 8.05B | 7.42B | 8.94B | 7.43B | 6.45B |
| Stockholders Equity | 16.40B | 15.20B | 13.75B | 12.37B | 10.66B | 8.36B |
Cash Flow | ||||||
| Free Cash Flow | 1.52B | 2.87B | 875.33M | 216.06M | 574.96M | 2.17B |
| Operating Cash Flow | 1.56B | 2.89B | 1.41B | 268.83M | 630.23M | 2.21B |
| Investing Cash Flow | -2.60B | -2.30B | 1.41B | -1.55B | 1.99B | 1.04B |
| Financing Cash Flow | 738.11M | -622.72M | -2.56B | -795.86M | -239.80M | -3.09B |
FinVolution Group Technical Analysis
Neutral
5.04
Price Trends
5.37
Positive
5.43
Positive
6.97
Negative
Market Momentum
0.07
Negative
52.08
Neutral
66.67
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FINV, the sentiment is Neutral. The current price of 5.04 is below the 20-day moving average (MA) of 5.52, below the 50-day MA of 5.37, and below the 200-day MA of 6.97, indicating a neutral trend. The MACD of 0.07 indicates Negative momentum. The RSI at 52.08 is Neutral, neither overbought nor oversold. The STOCH value of 66.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for FINV.
FinVolution Group Risk Analysis
FinVolution Group disclosed 91 risk factors in its most recent earnings report. FinVolution Group reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 3 New Risks
1.
We bear credit risks for a substantial majority of the loans funded by institutional funding partners to borrowers we introduced. If we fail to effectively manage credit risk of our loans and our overdue loans increase, our business, financial condition and results of operations may be materially adversely affected. Q4, 2023
2.
We face indirect technology, cybersecurity and operational risks relating to third parties. Q4, 2023
3.
We face uncertainties with respect to the implementation of the Foreign Investment Law of the PRC and how it may impact the viability of our current corporate structure, corporate governance and business operations. Q4, 2023
FinVolution Group Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | $175.41M | 2.91 | 12.66% | 10.37% | 10.48% | -30.67% | |
71 Outperform | $1.42B | 3.73 | 15.80% | 5.20% | 9.32% | 29.40% | |
69 Neutral | $429.07M | 3.01 | 16.09% | 8.86% | -0.60% | 135.15% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
52 Neutral | $2.33B | -2.82 | 0.96% | ― | ― | ― | |
45 Neutral | $2.07B | ― | -67.59% | ― | 510.69% | -145.92% |
* Financial Sector Average
FINV
FinVolution Group
5.59
-4.06
-42.08%
YRD
Yiren Digital
2.03
-4.39
-68.38%
AHG
Akso Health Group Sponsored ADR
2.42
1.16
92.06%
LX
Lexinfintech Holdings
2.55
-7.59
-74.85%
LU
Lufax Holding
2.20
-0.81
-26.91%
FinVolution Group Corporate Events
FinVolution Group’s Q3 2025 Financial Results Show Strong International Growth
Nov 20, 2025
FinVolution Group reported its unaudited financial results for the third quarter of 2025, showing a 6.4% year-over-year increase in revenue to RMB3,486.6 million. The company’s international revenues grew significantly by 37.4%, accounting for 25% of the total net revenues. Despite a slight decline in total transaction volume in China’s mainland, the international market saw a substantial increase in transaction volume and outstanding loan balance. The company’s net profit also saw a modest increase, reflecting its expanding footprint in international markets.
The most recent analyst rating on (FINV) stock is a Buy with a $6.50 price target. To see the full list of analyst forecasts on FinVolution Group stock, see the FINV Stock Forecast page.
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.