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NEW YORK - FinVolution Group (NYSE:FINV) reported first quarter earnings that beat analyst expectations on Wednesday.
The company’s stock was up 1.97% in pre-market trading following the release.
The Chinese fintech company posted adjusted earnings per share of RMB2.97 ($0.41), compared to no earnings in the same quarter last year. Revenue rose 10% year-over-year to RMB3.48 billion ($479.7 million).
FinVolution’s total transaction volume increased 7.9% to RMB52.1 billion in Q1, while its outstanding loan balance grew 13.5% to RMB74.1 billion. The company’s international business continued to show strong momentum, with revenues rising 19.5% to RMB710.5 million, accounting for 20.4% of total revenue.
"We delivered strong first quarter results in 2025 despite seasonal softness," said Tiezheng Li, Vice Chairman and CEO of FinVolution. "This performance demonstrates the continued strong execution of our Local Excellence, Global Outlook strategy."
The company reiterated its full-year 2025 revenue guidance of RMB14.4 billion to RMB15.0 billion, representing year-over-year growth of approximately 10% to 15%.
FinVolution’s net profit jumped 38.7% YoY to RMB737.6 million in Q1. The company maintained a strong liquidity position with cash and short-term investments totaling RMB8.5 billion as of March 31, 2025.
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