FinVolution Group Q1 2026 Earnings Release and Share Repurchase Program Announcement

FinVolution Group reported its unaudited financial results for the first quarter ended March 31, 2026. The company announced a new share repurchase program of up to US$150 million, effective May 30, 2026, through May 29, 2028. In Q1 2026, total transaction volume decreased by 18.2% year-over-year to RMB 42.6 billion, with a 21.6% decrease in the Chinese Mainland and a 36.7% increase in overseas markets. Total outstanding loan balance decreased by 8.6% to RMB 67.7 billion. Net revenue for Q1 2026 was RMB 3,210.1 million, a decrease from RMB 3,481.0 million in Q1 2025. Net profit decreased to RMB 421.1 million from RMB 737.6 million in the prior year period. The company reiterated its full-year 2026 revenue guidance of RMB 11.5 billion to RMB 12.9 billion. The company repurchased US$39.4 million of its shares in Q1 2026 and has cumulatively repurchased approximately US$516.7 million since 2018.