Qfin Holdings stock trades at USD 6.46 after weak Q2 results

Published on 10/04/2026 at 14:47 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Qfin Holdings stock was last at USD 6.46 on October 2 after Q2 revenue fell 31.6 percent year over year. Analysts set a USD 12.29 average target.

QFIN, KYG8851G1001, Illustration mit AI erstellt.

Qfin Holdings stock was last at USD 6.46 on Nasdaq on October 2, 2026, while the company works through a sharp second-quarter earnings reset. Q2 revenue fell 31.6 percent year over year to RMB 3.57 billion, and GlobeNewswire reported the figures in an October 2, 2026 shareholder notice. The dated market picture is subdued, but the analyst target gap remains substantial.

Q2 revenue fell 31.6 percent

Qfin Holdings generated RMB 3.57 billion in total net revenue in Q2 2026, compared with RMB 5.22 billion a year earlier. Net income declined 76.8 percent year over year to RMB 401.4 million, including an unexpected RMB 500 million tax expense tied to a change in tax treatment, according to GlobeNewswire.

The earnings mix matters more than the headline revenue decline. Management guided Q3 2026 non-GAAP net income to RMB 400 million to RMB 500 million, implying a 67 percent to 73 percent year-over-year decline, while higher funding costs and liquidity pressure weighed on the outlook, Investing.com reported on September 10, 2026.

Analysts see a wide target gap

MarketBeat reported on September 29, 2026, that eight analysts carried a Reduce consensus: four Sell ratings, three Hold ratings and one Buy rating. The average 12-month price target was USD 12.29, placing the price target 90.2 percent above the October 2 Nasdaq price of USD 6.46.

That consensus does not erase the recent estimate reset. BofA Securities cut its target to USD 11.00 from USD 13.74 while keeping a Neutral rating, and Jefferies cut its target to USD 15.40 from USD 20.40 while retaining Buy, according to Investing.com. Morgan Stanley also reduced its target to USD 13.00 from USD 25.00 and moved from Overweight to Equalweight.

Leadership adds a strategic angle

Qfin Holdings appointed Yan Zheng as chief executive officer and director effective September 21, 2026, replacing Haisheng Wu. Wu is shifting his attention toward international business development, while Zheng brings 18 years of consumer finance risk-management experience, according to FT.com on September 20, 2026. For investors, the key test is whether the new leadership can stabilize earnings while funding and regulatory pressures remain visible in the Q3 guidance.

Qfin Holdings stock stays under pressure

Qfin Holdings stock was last at USD 6.46 on Nasdaq on October 2, 2026 at 4:00 p.m. ET, down USD 0.01, or 0.08 percent, from the prior close. The same session showed a USD 6.25 low, a USD 6.55 high and volume of 2,649,912 shares, while the 52-week range was USD 6.25 to USD 30.58.