# EDGAR Filing Document

**Accession Number:** 0001691445
**File Stem:** 0001493152-26-025134
**Filing Date:** 2026-5
**Character Count:** 47370
**Document Hash:** 6bb2c9ac709571dd41135e0f494533fc
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001493152-26-025134.hdr.sgml**: 20260526

**ACCESSION NUMBER**: 0001493152-26-025134

**CONFORMED SUBMISSION TYPE**: 6-K

**PUBLIC DOCUMENT COUNT**: 4

**CONFORMED PERIOD OF REPORT**: 20260526

**FILED AS OF DATE**: 20260526

**DATE AS OF CHANGE**: 20260526

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FinVolution Group
- **CENTRAL INDEX KEY:** 0001691445
- **STANDARD INDUSTRIAL CLASSIFICATION:** LOAN BROKERS [6163]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 000000000
- **STATE OF INCORPORATION:** E9
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 6-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-38269
- **FILM NUMBER:** 261015820

**BUSINESS ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** BUILDING G1, NO. 999 DANGUI ROAD
- **STREET 2:** PUDONG NEW DISTRICT
- **CITY:** SHANGHAI
- **PROVINCE COUNTRY:** F4
- **BUSINESS PHONE:** 86 21 80303200-8601

**MAIL ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** BUILDING G1, NO. 999 DANGUI ROAD
- **STREET 2:** PUDONG NEW DISTRICT
- **CITY:** SHANGHAI
- **PROVINCE COUNTRY:** F4

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PPDAI Group Inc.
- **DATE OF NAME CHANGE:** 20161202

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**WASHINGTON, D.C. 20549**

**FORM 6-K**

**REPORT OF FOREIGN PRIVATE ISSUER**

**PURSUANT TO RULE 13a-16 OR 15d-16 UNDER**

**THE SECURITIES EXCHANGE ACT OF 1934**

For the month of May 2026

Commission File Number: 001-38269

**FinVolution Group**

Building G1, No. 999 Dangui Road

Pudong New District, Shanghai 201203

The People's Republic of China

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F ☒ Form 40-F ☐

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

---

| | |
|:---|:---|
| **FinVolution Group** | **FinVolution Group** |
| By: | /s/ Jiayuan Xu |
| Name: | Jiayuan Xu |
| Title: | Chief Financial Officer |

---

Date: May 26, 2026

<u>Exhibit Index</u>

[Exhibit 99.1—Press Release—FinVolution Group Reports First Quarter 2026 Unaudited Financial Results](ex99-1.htm)

[Exhibit 99.2—Press Release—FinVolution Group Announces New Share Repurchase Program of Up to US$150 million](ex99-2.htm)

## Exhibit 99.1

**Exhibit 99.1**

**FinVolution Group Reports First Quarter 2026 Unaudited Financial Results**

SHANGHAI, May 25, 2026 /PRNewswire/ — FinVolution Group ("FinVolution" or the "Company") (NYSE: FINV), a leading fintech platform across China and overseas markets, today announced its unaudited financial results for the first quarter ended March 31, 2026.

---

| | | | |
|:---|:---|:---|:---|
|  | **For the Three Months Ended/As of** | **For the Three Months Ended/As of** | |
|  | **March 31, 2025** | **March 31, 2026** | **YoY**<br>**Change** |
| **Total Transaction Volume (RMB in billions)<sup>1</sup>** | **52.1** | **42.6** | **-18.2%** |
| - Chinese Mainland<sup>2</sup> | 49.1 | 38.5 | -21.6% |
| - Overseas Markets<sup>3</sup> | 3.0 | 4.1 | 36.7% |
| **Total Outstanding Loan Balance (RMB in billions)** | **74.1** | **67.7** | **-8.6%** |
| - Chinese Mainland<sup>4</sup> | 72.2 | 65.1 | -9.8% |
| - Overseas Markets<sup>5</sup> | 1.9 | 2.6 | 36.8% |

---

**First Quarter 2026 Highlights**

**<u>Chinese Mainland Market</u>**

● Cumulative
 registered users reached 190.0 million as of March 31, 2026, an increase of 7.2% compared with March 31, 2025.

● Cumulative
 borrowers reached 29.6 million as of March 31, 2026, an increase of 8.4% compared with March 31, 2025.

● Number
 of unique borrowers<sup>6</sup> for the first quarter of 2026 was 1.7 million, a decrease of 22.7% compared with the same period
 of 2025.

● Transaction
 volume<sup>2</sup> was RMB38.5 billion for the first quarter of 2026, a decrease of 21.6% compared with the same period of 2025.

● Transaction
 volume facilitated for repeat individual borrowers<sup>7</sup> for the first quarter of 2026 was RMB31.4 billion, a decrease of 26.3%
 compared with the same period of 2025.

● Outstanding
 loan balance<sup>4</sup> was RMB65.1 billion as of March 31, 2026, a decrease of 9.8% compared with March 31, 2025.

● Average
 loan size was RMB12,098 for the first quarter of 2026, compared with RMB10,494 for the same period of 2025.

● Average
 loan tenure was 8.5 months for the first quarter of 2026, compared with 8.2 months for the same period of 2025.

● 90
 day+ delinquency ratio<sup>8</sup> was 3.11% as of March 31, 2026.

● Net
 revenue<sup>9</sup> was RMB2,216.1 million (US$321.3 million) for the first quarter of 2026, compared with RMB2,770.2 million for
 the same period of 2025.

● U.S.
 GAAP operating profit<sup>10</sup> was RMB598.7 million (US$86.8 million) for the first quarter of 2026, compared with RMB913.1 million
 for the same period of 2025.

● Non-GAAP
 adjusted EBITDA<sup>11</sup>, which excludes depreciation and amortization and share-based compensation expenses from operating profit,
 was RMB614.9 million (US$89.1 million) for the first quarter of 2026, compared with RMB930.1 million for the same period of 2025.

**<u>Overseas Markets</u>**

● Cumulative
 registered users reached 56.5 million as of March 31, 2026, an increase of 45.2% compared with March 31, 2025.

● Cumulative
 borrowers reached 13.4 million as of March 31, 2026, an increase of 76.3% compared with March 31, 2025.

● Number
 of unique borrowers<sup>12</sup> for the first quarter of 2026 was 4.5 million, an increase of 155.4% compared with the same period
 of 2025.

● Number
 of new borrowers<sup>13</sup> for the first quarter of 2026 was 1.7 million, an increase of 160.0% compared with the same period
 of 2025.

● Transaction
 volume<sup>3</sup> reached RMB4.1 billion for the first quarter of 2026, an increase of 36.7% compared with the same period of 2025.

● Outstanding
 loan balance<sup>5</sup> reached RMB2.6 billion as of March 31, 2026, an increase of 36.8% compared with March 31, 2025.

● Net
 revenue<sup>14</sup>was RMB948.9 million (US$137.6 million) for the first quarter of 2026, an increase of 34.5% compared with the
 same period of 2025, representing 29.6% of total revenue for the first quarter of 2026.

● U.S.
 GAAP operating profit<sup>10</sup> was RMB45.8 million (US$6.6 million) for the first quarter of 2026, compared with RMB24.4 million
 for the same period of 2025.

● Non-GAAP
 adjusted EBITDA<sup>11</sup>, which excludes depreciation and amortization and share-based compensation expenses from operating profit,
 was RMB47.5 million (US$6.9 million) for the first quarter of 2026, compared with RMB25.5 million for the same period of 2025.

**Group Financial Highlights**

● Net
 revenue was RMB3,210.1 million (US$465.4 million) for the first quarter of 2026, compared with RMB3,481.0 million for the same period
 of 2025.

● Net
 profit was RMB421.1 million (US$61.0 million) for the first quarter of 2026, compared with RMB737.6 million for the same period of
 2025.

● U.S.
 GAAP operating profit was RMB546.8 million (US$79.3 million) for the first quarter of 2026, compared with RMB883.2 million for the
 same period of 2025.

● Non-GAAP
 adjusted operating profit<sup>15</sup>, which excludes share-based compensation expenses before tax, was RMB585.0 million (US$84.8
 million) for the first quarter of 2026, compared with RMB917.9 million for the same period of 2025.

● Diluted
 net profit per American depositary share ("ADS") was RMB1.65 (US$0.24) and diluted net profit per share was RMB0.33 (US$0.05)
 for the first quarter of 2026, compared with RMB2.84 and RMB0.57 for the same period of 2025, respectively.

● Non-GAAP
 diluted net profit per ADS was RMB1.80 (US$0.26) and non-GAAP diluted net profit per share was RMB0.36 (US$0.05) for the first quarter
 of 2026, compared with RMB2.97 and RMB0.59 for the same period of 2025, respectively. Each ADS of the Company represents five Class
 A ordinary shares of the Company.

<sup>1</sup> Represents the total transaction volume facilitated in the Chinese Mainland and overseas markets on the Company's platform during the period presented.

<sup>2</sup> Represents our transaction volume facilitated in the Chinese Mainland during the period presented. During the first quarter, RMB15.5 billion was facilitated under the capital-light model, for which the Company does not bear principal risk.

<sup>3</sup> Represents our transaction volume facilitated in Indonesia, the Philippines and Australia during the period presented.

<sup>4</sup> Outstanding loan balance as of any date refers to the balance of outstanding loans in the Chinese Mainland market excluding loans delinquent for more than 180 days from such date. As of March 31, 2026, RMB35.0 billion was facilitated under the capital-light model, for which the Company does not bear principal risk.

<sup>5</sup> Outstanding loan balance as of any date refers to the balance of outstanding loans in Indonesia, the Philippines and Australia excluding loans delinquent for more than 30 days from such date.

<sup>6</sup> Represents the total number of borrowers in the Chinese Mainland who successfully borrowed on the Company's platform during the period presented.

<sup>7</sup> Represents the transaction volume facilitated for borrowers who had historically completed a transaction on the Company's platform in the Chinese Mainland during the period presented.

<sup>8</sup> "90 day+ delinquency ratio" refers to the outstanding principal balance of loans, excluding loans facilitated under the capital-light model, that were 90 to 179 calendar days past due as a percentage of the total outstanding principal balance of loans, excluding loans facilitated under the capital-light model on the Company's platform as of a specific date. Loans that originated outside the Chinese Mainland are not included in the calculation.

<sup>9</sup> Represents revenue from the Chinese Mainland. Prior period segment results from the Chinese Mainland have been recast to conform to the current period presentation. Please refer to the "Selected Segment Information" tables at the end of this release for a breakdown by segment for the periods presented.

<sup>10</sup> Please refer to the "Selected Segment Information" tables at the end of this release for reconciliation between Operating Segment Profit/(Loss) and GAAP operating profit.

<sup>11</sup> Please refer to the "Selected Segment Information" tables at the end of this release for reconciliation between GAAP operating profit and Non-GAAP adjusted EBITDA.

<sup>12</sup> Represents the total number of borrowers in Indonesia, the Philippines and Australia who successfully borrowed on the Company's platforms during the period presented.

<sup>13</sup> Represents the total number of new borrowers in Indonesia, the Philippines and Australia whose transactions were facilitated on the Company's platforms during the period presented.

<sup>14</sup> Represents revenue from overseas markets outside the Chinese Mainland, namely Indonesia, the Philippines, and Australia. Prior period segment results from overseas markets have been recast to conform to the current period presentation. Please refer to "Selected Segment Information" for a breakdown by segment for the periods presented.

<sup>15</sup> Please refer to "UNAUDITED Reconciliation of GAAP and Non-GAAP Results" for reconciliation between GAAP and Non-GAAP adjusted operating profit.

Mr. Tiezheng Li, Vice Chairman and Chief Executive Officer of FinVolution, commented, "In the first quarter, we delivered continued growth in our overseas business and a resilient performance in the Chinese Mainland segment against an evolving regulatory backdrop, demonstrating the strength of our two-engine model. Beginning this quarter, we are reporting our overseas business as a separate reportable segment, reflecting our strategic trajectory and the earnings power of our diversified business.

"In our Chinese Mainland segment, we executed with discipline, acquiring approximately 0.6 million new borrowers while prioritizing asset quality, customer quality and unit economics. The segment remained stable and profitable, reinforcing its role as the anchor of our operating cash flow.

"Our Overseas Markets segment delivered robust year-over-year revenue growth, contributing 29.6% of our total first quarter revenue. Our 'Local Excellence, Global Outlook+' strategy of transferring proven risk management and operational capabilities across regions drove strong year-over-year loan volume growth and more than doubled our unique overseas borrowers, underscoring our accelerating global traction.

"Looking ahead, we will continue to manage our China business prudently while expanding our overseas platform with deeper integration into the local ecosystems. Supported by strong technology advantages and a healthy balance sheet, we are well-positioned to continue creating durable value for customers and delivering sustainable financial returns for our stakeholders," concluded Mr. Li.

Mr. Jiayuan Xu, Chief Financial Officer of FinVolution, continued, "Total net revenues for the first quarter were RMB3.2 billion, up 6.2% sequentially. Early signs of credit recovery in our Chinese Mainland business supported a recovery in loan origination volume to RMB38.5 billion, driving a 6.9% sequential increase in Chinese Mainland net revenue to RMB2.2 billion. In our overseas markets, revenue grew 34.5% year over year to RMB948.9 million, and operating profit reached RMB45.8 million, up 87.7% year over year, highlighting our overseas platform's scalability and growing operating leverage.

"Meanwhile, we continued to return capital to our shareholders, executing share repurchases totaling US$39.4 million in the first quarter alongside our 8th annual dividend of US$0.306 per ADS in May, a 10.5% increase year over year. We reiterate our full-year 2026 revenue guidance of approximately RMB11.5 billion to RMB12.9 billion, which reflects the expected near-term impact of China's regulatory environment. We remain confident in the resilience of our model and committed to long-term value creation," concluded Mr. Xu.

**First Quarter 2026 Financial Results**

**Net revenue** for the first quarter of 2026 was RMB3,210.1 million (US$465.4 million), compared with RMB3,481.0 million for the same period of 2025. This decrease was primarily due to decreases in loan facilitation service fees, post-facilitation service fees and guarantee income, partially offset by increases in net interest income and other revenue.

*Loan facilitation service fees* were RMB1,181.3 million (US$171.3 million) for the first quarter of 2026, compared with RMB1,477.8 million for the same period of 2025. The decrease was primarily due to decreases in the transaction volume and average rate of transaction service fees in the Chinese Mainland market, partially offset by the increase in transaction volume in overseas markets.

*Post-facilitation service fees* were RMB348.3 million (US$50.5 million) for the first quarter of 2026, compared with RMB380.6 million for the same period of 2025. This decrease was primarily due to the rolling impact of deferred transaction fees.

*Guarantee income* was RMB886.1 million (US$128.5 million) for the first quarter of 2026, compared with RMB1,099.5 million for the same period of 2025. This decrease was primarily due to the decrease in risk-bearing loans in the Chinese Mainland market, as well as the rolling impact of deferred guarantee income. The fair value of quality assurance commitment upon loan origination is released as guarantee income systematically over the term of the loans subject to quality assurance commitment.

*Net interest income* was RMB484.7 million (US$70.3 million) for the first quarter of 2026, compared with RMB241.6 million for the same period of 2025. This increase mainly resulted from the increase in the average outstanding loan balances of on-balance sheet loans in both the Chinese Mainland and overseas markets, partially offset by the decrease in interest yield in the Chinese Mainland market.

*Other revenue* was RMB309.7 million (US$44.9 million) for the first quarter of 2026, compared with RMB281.5 million for the same period of 2025. This increase was primarily due to the increase in the contributions from other revenue streams, including other value-added services.

**Origination, servicing expenses and other costs of revenue** were RMB745.2 million (US$108.0 million) for the first quarter of 2026, compared with RMB620.5 million for the same period of 2025. This increase was primarily driven by the increase in employee expenditures and higher loan collection expenses in both the Chinese Mainland and overseas markets.

**Sales and marketing expenses** were RMB492.4 million (US$71.4 million) for the first quarter of 2026, compared with RMB529.7 million for the same period of 2025. This decrease was primarily due to improved efficiency and decreased investment in marketing activities in the Chinese Mainland market.

**Research and development expenses** were RMB125.5 million (US$18.2 million) for the first quarter of 2026, compared with RMB126.0 million for the same period of 2025. This decrease was primarily due to efficiency improvements in technology development.

**General and administrative expenses** were RMB113.8 million (US$16.5 million) for the first quarter of 2026, compared with RMB106.9 million for the same period of 2025, primarily due to an increase in office expenses.

**Provision for accounts receivable and contract assets** was RMB111.5 million (US$16.2 million) for the first quarter of 2026, compared with RMB117.7 million for the same period of 2025. The decrease was primarily due to decreased transaction volume of off-balance sheet loans in the Chinese Mainland market, partially offset by the increase in volume of off-balance sheet loans in overseas markets.

**Provision for loans receivable** was RMB218.1 million (US$31.6 million) for the first quarter of 2026, compared with RMB85.4 million for the same period of 2025. This increase was primarily due to the increase in the outstanding loan balance of on-balance sheet loans in the Chinese Mainland and overseas markets.

**Credit losses for quality assurance commitment** were RMB856.6 million (US$124.2 million) for the first quarter of 2026, compared with RMB1,011.6 million for the same period of 2025. The decrease was primarily due to the decrease in risk-bearing loans in the Chinese Mainland market.

**Operating profit** was RMB546.8 million (US$79.3 million) for the first quarter of 2026, compared with RMB883.2 million for the same period of 2025.

**Non-GAAP adjusted operating profit**, which excludes share-based compensation expenses before tax, was RMB585.0 million (US$84.8 million) for the first quarter of 2026, compared with RMB917.9 million for the same period of 2025.

**Other income/(expenses)** was an expense of RMB15.5 million (US$2.3 million) for the first quarter of 2026, compared with income of RMB9.0 million for the same period of 2025. The decrease was mainly due to foreign exchange losses.

**Income tax expense** was RMB93.1 million (US$13.5 million) for the first quarter of 2026, compared with RMB153.9 million for the same period of 2025. This decrease was mainly due to the decrease in pre-tax profit.

**Net profit** was RMB421.1 million (US$61.0 million) for the first quarter of 2026, compared with RMB737.6 million for the same period of 2025.

**Net profit attributable to ordinary shareholders of the Company** was RMB415.1 million (US$60.2 million) for the first quarter of 2026, compared with RMB746.4 million for the same period of 2025.

**Diluted net profit per ADS** was RMB1.65 (US$0.24) and **diluted net profit per share** was RMB0.33 (US$0.05) for the first quarter of 2026, compared with RMB2.84 and RMB0.57 for the same period of 2025, respectively.

**Non-GAAP diluted net profit per ADS** was RMB1.80 (US$0.26) and **non-GAAP diluted net profit per share** was RMB0.36 (US$0.05) for the first quarter of 2026, compared with RMB2.97 and RMB0.59 for the same period of 2025, respectively. Each ADS represents five Class A ordinary shares of the Company.

As of March 31, 2026, the Company had cash and cash equivalents of RMB4,687.8 million (US$679.6 million) and short-term investments, mainly in wealth management products and term deposits, of RMB2,643.8 million (US$383.3 million).

The following chart shows the historical cumulative 30-day plus past due delinquency rates by loan origination vintage for loan products facilitated through the Company's platform in the Chinese Mainland as of March 31, 2026. Loans facilitated under the capital-light model, for which the Company does not bear principal risk, are excluded from the chart.

![](ex99-1_001.jpg)

**Shares Repurchase Update**

For the first quarter of 2026, the Company deployed approximately US$39.4 million to repurchase its own Class A ordinary shares in the form of ADSs. As of March 31, 2026, in combination with the Company's historical and existing share repurchase programs, the Company had cumulatively repurchased its own Class A ordinary shares in the form of ADSs with a total aggregate value of approximately US$516.7 million since 2018.

**Business Outlook**

Strong execution of the Company's 'Local Excellence, Global Outlook+' Strategy drove a resilient first quarter performance despite domestic macro headwinds and seasonal softness. The Company reiterates its full-year 2026 total revenue guidance to be in the range of approximately RMB11.5 billion to RMB12.9 billion.

The above forecast is based on the current market conditions and reflects the Company's current preliminary views and expectations on market and operational conditions and the regulatory and operating environment, as well as customers' and institutional partners' demands, all of which are subject to change.

**Conference Call**

The Company's management will host an earnings conference call at 8:30 PM U.S. Eastern Time on May 25, 2026 (8:30 AM Beijing/Hong Kong Time on May 26, 2026).

Participants should complete online registration using the link provided below at least 15 minutes before the scheduled start time. Upon registration, participants will receive the conference call access information, including dial-in numbers, a personal PIN and an e-mail with detailed instructions to join the conference call.

Participant Online Registration:

<u>https://register-conf.media-server.com/register/BIf9feb90f9176441083910b143e67c48d</u>

Additionally, a live and archived webcast of the conference call will be available on the Company's investor relations website at <u>https://ir.finvgroup.com</u>.

**About FinVolution Group** 

For more information, please visit <u>https://ir.finvgroup.com</u>

**Use of Non-GAAP Financial Measures**

We use non-GAAP adjusted operating profit, non-GAAP operating margin, non-GAAP adjusted EBITDA, non-GAAP net profit, non-GAAP net profit attributable to FinVolution Group, and non-GAAP basic and diluted net profit per share and per ADS which are non-GAAP financial measures, in evaluating our operating results and for financial and operational decision-making purposes. We believe that these non-GAAP financial measures help identify underlying trends in our business by excluding the impact of share-based compensation expenses and expected discretionary measures. We believe that non-GAAP financial measures provide useful information about our operating results, enhance the overall understanding of our past performance and future prospects and allow for greater visibility with respect to key metrics used by our management in its financial and operational decision-making.

Non-GAAP adjusted operating profit, non-GAAP operating margin, non-GAAP adjusted EBITDA, non-GAAP net profit, non-GAAP net profit attributable to FinVolution Group, and non-GAAP basic and diluted net profit per share and per ADS are not defined under U.S. GAAP and are not presented in accordance with U.S. GAAP. These non-GAAP financial measures have limitations as analytical tool, and when assessing our operating performance, cash flows or our liquidity, investors should not consider it in isolation, or as a substitute for net income, cash flows provided by operating activities or other consolidated statements of operation and cash flow data prepared in accordance with U.S. GAAP. The Company encourages investors and others to review our financial information in its entirety and not rely on a single financial measure.

For more information on this non-GAAP financial measure, please see the table captioned "Reconciliations of GAAP and Non-GAAP results" set forth at the end of this press release.

**Exchange Rate Information**

This announcement contains translations of certain RMB amounts into U.S. dollars at a specified rate solely for the convenience of the reader. Unless otherwise noted, all translations from RMB to U.S. dollars are made at a rate of RMB6.8980 to US$1.00, the rate in effect as of March 31, 2026 as certified for customs purposes by the Federal Reserve Bank of New York.

**Safe Harbor Statement**

This press release contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "target," "confident" and similar statements. Such statements are based upon management's current expectations and current market and operating conditions and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company's control. Forward-looking statements involve risks, uncertainties and other factors that could cause actual results to differ materially from those contained in any such statements. Potential risks and uncertainties include, but are not limited to, uncertainties as to the Company's ability to attract and retain borrowers and investors on its marketplace, its ability to increase volume of loans facilitated through the Company's marketplace, its ability to introduce new loan products and platform enhancements, its ability to compete effectively, laws, regulations and governmental policies relating to the online consumer finance industry in China, general economic conditions in China, and the Company's ability to meet the standards necessary to maintain listing of its ADSs on the NYSE, including its ability to cure any non-compliance with the NYSE's continued listing criteria. Further information regarding these and other risks, uncertainties or factors is included in the Company's filings with the U.S. Securities and Exchange Commission. All information provided in this press release is as of the date of this press release, and FinVolution does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.

**For investor and media inquiries, please contact:** 

In China:

FinVolution Group

Head of Capital Markets

Yam Cheng

Tel: +86 (21) 8030-3200 Ext. 8601

E-mail: <u>ir@xinye.com</u>

Piacente Financial Communications

Jenny Cai

Tel: +86 (10) 6508-0677

E-mail: <u>finv@tpg-ir.com</u>

In the United States:

Piacente Financial Communications

Brandi Piacente

Tel: +1-212-481-2050

E-mail: <u>finv@tpg-ir.com</u>

**FinVolution Group**

**UNAUDITED INTERIM CONDENSED CONSOLIDATED BALANCE SHEETS**

**(All amounts in thousands, except share data, or otherwise noted)**

---

| | | | |
|:---|:---|:---|:---|
|  | **As of December 31,** | **As of March 31,** | **As of March 31,** |
|  | **2025** | **2026** | **2026** |
|  | **RMB** | **RMB** | **USD** |
| **Assets** |  |  |  |
| &nbsp;&nbsp;&nbsp;Cash and cash equivalents | 4285121 | 4687773 | 679584 |
| &nbsp;&nbsp;&nbsp;Restricted cash | 1912850 | 1862880 | 270061 |
| &nbsp;&nbsp;&nbsp;Short-term investments | 3015226 | 2643817 | 383273 |
| &nbsp;&nbsp;&nbsp;Investments | 1141816 | 1142087 | 165568 |
| &nbsp;&nbsp;&nbsp;Quality assurance receivable, net of credit loss allowance for quality assurance receivable of RMB581,475 and RMB616,214 as of December 31, 2025 and March 31, 2026, respectively | 1315184 | 1376678 | 199576 |
| &nbsp;&nbsp;&nbsp;Intangible assets | 270246 | 270246 | 39177 |
| &nbsp;&nbsp;&nbsp;Property, equipment and software, net | 641316 | 625456 | 90672 |
| &nbsp;&nbsp;&nbsp;Loans receivable, net of credit loss allowance for loans receivable of RMB544,905 and RMB572,937 as of December 31, 2025 and March 31, 2026, respectively | 6471619 | 6963186 | 1009450 |
| &nbsp;&nbsp;&nbsp;Accounts receivable and contract assets, net of credit loss allowance for accounts receivable and contract assets of RMB340,816 and RMB349,157 as of December 31, 2025 and March 31, 2026, respectively | 2028585 | 1599215 | 231838 |
| &nbsp;&nbsp;&nbsp;Deferred tax assets | 2992071 | 3219281 | 466698 |
| &nbsp;&nbsp;&nbsp;Right of use assets | 52020 | 50340 | 7298 |
| &nbsp;&nbsp;&nbsp;Prepaid expenses and other assets | 1207791 | 1168487 | 169395 |
| &nbsp;&nbsp;&nbsp;Goodwill | 79759 | 79759 | 11563 |
| **Total assets** | 25413604 | 25689205 | 3724153 |
| &nbsp;&nbsp;&nbsp;Deferred guarantee income | 1119004 | 1130264 | 163854 |
| &nbsp;&nbsp;&nbsp;Liability from quality assurance commitment | 2574842 | 2374176 | 344183 |
| &nbsp;&nbsp;&nbsp;Payroll and welfare payable | 361188 | 186742 | 27072 |
| &nbsp;&nbsp;&nbsp;Taxes payable | 177064 | 428808 | 62164 |
| &nbsp;&nbsp;&nbsp;Short-term borrowings | 170408 | 192101 | 27849 |
| &nbsp;&nbsp;&nbsp;Funds payable to investors of consolidated trusts | 778531 | 974768 | 141312 |
| &nbsp;&nbsp;&nbsp;Contract liability | 226 |  |  |
| &nbsp;&nbsp;&nbsp;Deferred tax liabilities | 786556 | 787615 | 114180 |
| &nbsp;&nbsp;&nbsp;Accrued expenses and other liabilities | 1448231 | 1380470 | 200126 |
| &nbsp;&nbsp;&nbsp;Leasing liabilities | 44711 | 44760 | 6489 |
| &nbsp;&nbsp;&nbsp;Dividends payable |  | 506708 | 73457 |
| &nbsp;&nbsp;&nbsp;Convertible senior notes | 1019266 | 1005162 | 145718 |
| &nbsp;&nbsp;&nbsp;Long-term borrowings | 89590 | 132118 | 19153 |
| **Total liabilities** | 8569617 | 9143692 | 1325557 |
| **Commitments and contingencies** |  |  |  |
| **FinVolution Group Shareholders' equity** |  |  |  |
| &nbsp;&nbsp;&nbsp;Ordinary shares | 103 | 103 | 15 |
| &nbsp;&nbsp;&nbsp;Additional paid-in capital | 5908586 | 5942443 | 861473 |
| &nbsp;&nbsp;&nbsp;Treasury stock | (2465259) | (2736995) | (396781) |
| &nbsp;&nbsp;&nbsp;Statutory reserves | 1042312 | 1042312 | 151104 |
| &nbsp;&nbsp;&nbsp;Accumulated other comprehensive income | 13027 | 38083 | 5521 |
| &nbsp;&nbsp;&nbsp;Retained Earnings | 12051332 | 11959686 | 1733790 |
| **Total FinVolution Group shareholders' equity** | 16550101 | 16245632 | 2355122 |
| &nbsp;&nbsp;&nbsp;Non-controlling interest | 293886 | 299881 | 43474 |
| **Total shareholders' equity** | 16843987 | 16545513 | 2398596 |
| **Total liabilities and shareholders' equity** | 25413604 | 25689205 | 3724153 |

---

**FinVolution Group** 

**UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME**

**(All amounts in thousands, except share data, or otherwise noted)**

---

| | | | |
|:---|:---|:---|:---|
|  | **For the Three Months Ended March 31,** | **For the Three Months Ended March 31,** | **For the Three Months Ended March 31,** |
|  | **2025** | **2026** | **2026** |
|  | **RMB** | **RMB** | **USD** |
| **Operating revenue:** |  |  |  |
| &nbsp;&nbsp;&nbsp;Loan facilitation service fees | 1477798 | 1181314 | 171255 |
| &nbsp;&nbsp;&nbsp;Post-facilitation service fees | 380614 | 348343 | 50499 |
| &nbsp;&nbsp;&nbsp;Guarantee income | 1099514 | 886069 | 128453 |
| &nbsp;&nbsp;&nbsp;Net interest income | 241614 | 484681 | 70264 |
| &nbsp;&nbsp;&nbsp;Other revenue | 281501 | 309655 | 44890 |
| **Net revenue** | 3481041 | 3210062 | 465361 |
| **Operating expenses:** |  |  |  |
| &nbsp;&nbsp;&nbsp;Origination, servicing expenses and other costs of revenue | (620465) | (745172) | (108027) |
| &nbsp;&nbsp;&nbsp;Sales and marketing expenses | (529703) | (492447) | (71390) |
| &nbsp;&nbsp;&nbsp;Research and development expenses | (126041) | (125459) | (18188) |
| &nbsp;&nbsp;&nbsp;General and administrative expenses | (106894) | (113843) | (16504) |
| &nbsp;&nbsp;&nbsp;Provision for accounts receivable and contract assets | (117718) | (111514) | (16166) |
| &nbsp;&nbsp;&nbsp;Provision for loans receivable | (85414) | (218148) | (31625) |
| &nbsp;&nbsp;&nbsp;Credit losses for quality assurance commitment | (1011615) | (856637) | (124186) |
| **Total operating expenses** | (2597850) | (2663220) | (386086) |
| **Operating profit** | 883191 | 546842 | 79275 |
| &nbsp;&nbsp;&nbsp;Interest expenses | (652) | (17147) | (2486) |
| &nbsp;&nbsp;&nbsp;Other income/(expenses), net | 9033 | (15521) | (2250) |
| **Profit before income tax expense** | 891572 | 514174 | 74539 |
| &nbsp;&nbsp;&nbsp;Income tax expenses | (153931) | (93117) | (13499) |
| **Net profit** | 737641 | 421057 | 61040 |
| &nbsp;&nbsp;&nbsp;Less: Net (loss)/profit attributable to non-controlling interest shareholders | (8765) | 5995 | 869 |
| **Net profit attributable to FinVolution Group** | 746406 | 415062 | 60171 |
| &nbsp;&nbsp;&nbsp;Foreign currency translation adjustment, net of nil tax | (16273) | 25056 | 3632 |
| **Total comprehensive income attributable to FinVolution Group** | 730133 | 440118 | 63803 |
| **Weighted average number of ordinary shares used in computing net profit per share** |  |  |  |
| &nbsp;&nbsp;&nbsp;Basic | 1265759932 | 1194294986 | 1194294986 |
| &nbsp;&nbsp;&nbsp;Diluted | 1315948116 | 1283838301 | 1283838301 |
| **Net profit per share attributable to FinVolution Group's ordinary shareholders** |  |  |  |
| &nbsp;&nbsp;&nbsp;Basic | 0.59 | 0.35 | 0.05 |
| &nbsp;&nbsp;&nbsp;Diluted | 0.57 | 0.33 | 0.05 |
| **Net profit per ADS attributable to FinVolution Group's ordinary shareholders (one ADS equals five ordinary shares)** |  |  |  |
| &nbsp;&nbsp;&nbsp;Basic | 2.95 | 1.74 | 0.25 |
| &nbsp;&nbsp;&nbsp;Diluted | 2.84 | 1.65 | 0.24 |

---

**FinVolution Group**

**UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS**

**(All amounts in thousands, except share data, or otherwise noted)**

---

| | | | |
|:---|:---|:---|:---|
|  | **Three Months Ended March 31,** | **Three Months Ended March 31,** | **Three Months Ended March 31,** |
|  | **2025** | **2026** | **2026** |
|  | **RMB** | **RMB** | **USD** |
| Net cash provided by operating activities | 522335 | 225990 | 32760 |
| Net cash provided by investing activities | 365196 | 146022 | 21168 |
| Net cash (used in)/provided by financing activities | (198331) | 9418 | 1366 |
| Effect of exchange rate changes on cash and cash equivalents | (11265) | (28748) | (4166) |
| Net increase in cash, cash equivalents and restricted cash | 677935 | 352682 | 51128 |
| Cash, cash equivalents and restricted cash at beginning of period | 6747072 | 6197971 | 898517 |
| Cash, cash equivalents and restricted cash at end of period | 7425007 | 6550653 | 949645 |

---

**FinVolution Group** 

**UNAUDITED Reconciliation of GAAP and Non-GAAP Results**

**(All amounts in thousands, except share data, or otherwise noted)**

---

| | | | |
|:---|:---|:---|:---|
|  | **For the Three Months Ended March 31,** | **For the Three Months Ended March 31,** | **For the Three Months Ended March 31,** |
|  | **2025** | **2026** | **2026** |
|  | **RMB** | **RMB** | **USD** |
| **Net Revenue** | 3481041 | 3210062 | 465361 |
| Less: total operating expenses | (2597850) | (2663220) | (386086) |
| **Operating Profit** | 883191 | 546842 | 79275 |
| Add: share-based compensation expenses | 34679 | 38173 | 5534 |
| **Non-GAAP adjusted operating profit** | 917870 | 585015 | 84809 |
| **Operating Margin** | 25.4% | 17.0% | 17.0% |
| **Non-GAAP operating margin** | 26.4% | 18.2% | 18.2% |
| **Non-GAAP adjusted operating profit** | 917870 | 585015 | 84809 |
| Less: interest expenses | (652) | (17147) | (2486) |
| Add: other income/(expenses), net | 9033 | (15521) | (2250) |
| Less: income tax expenses | (153931) | (93117) | (13499) |
| **Non-GAAP net profit** | 772320 | 459230 | 66574 |
| Less: Net (loss)/profit attributable to non-controlling interest shareholders | (8765) | 5995 | 869 |
| **Non-GAAP net profit attributable to FinVolution Group** | 781085 | 453235 | 65705 |
| **Weighted average number of ordinary shares used in computing net profit per share** |  |  |  |
| Basic | 1265759932 | 1194294986 | 1194294986 |
| Diluted | 1315948116 | 1283838301 | 1283838301 |
| **Non-GAAP net profit per share attributable to FinVolution Group's ordinary shareholders** |  |  |  |
| Basic | 0.62 | 0.38 | 0.06 |
| Diluted | 0.59 | 0.36 | 0.05 |
| **Non-GAAP net profit per ADS attributable to FinVolution Group's ordinary shareholders (one ADS equals five ordinary shares)** |  |  |  |
| Basic | 3.09 | 1.90 | 0.28 |
| Diluted | 2.97 | 1.80 | 0.26 |

---

**FinVolution Group**

**Selected Segment Information**

**(All amounts in thousands, except share data, or otherwise noted)**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **For the Three Months Ended March 31, 2026** | **For the Three Months Ended March 31, 2026** | **For the Three Months Ended March 31, 2026** | **For the Three Months Ended March 31, 2026** | **For the Three Months Ended March 31, 2026** | **For the Three Months Ended March 31, 2026** |
|  | **Chinese Mainland** | **Overseas Markets<sup>(1)</sup>** | **Others<sup>(2)</sup>** | **Elimination** | **Total** |
|  | **RMB** | **RMB** | **RMB** | **RMB** | **RMB** |
| Net Revenue | 2216096 | 948946 | 50148 | (5128) | 3210062 |
| Less<sup>(3)</sup>: Operating Expenses <sup>(4)</sup> | (1617349) | (903196) | (88761) | 5128 | (2604178) |
| **Operating Segment Profit/(Loss)** | 598747 | 45750 | (38613) |  | 605884 |
| Less: Unallocated expenses<sup>(5)</sup> |  |  |  |  | (59042) |
| **Operating profit** |  |  |  |  | 546842 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **For the Three Months Ended March 31, 2025** | **For the Three Months Ended March 31, 2025** | **For the Three Months Ended March 31, 2025** | **For the Three Months Ended March 31, 2025** | **For the Three Months Ended March 31, 2025** | **For the Three Months Ended March 31, 2025** |
|  | **Chinese Mainland** | **Overseas Markets**<sup>(1)</sup>** | **Others<sup>(2)</sup>** | **Elimination** | **Total** |
|  | **RMB** | **RMB** | **RMB** | **RMB** | **RMB** |
| Net Revenue | 2770160 | 705343 | 8250 | (2712) | 3481041 |
| Less<sup>(3)</sup>: Operating Expenses <sup>(4)</sup> | (1857018) | (680964) | (27901) | 2712 | (2563171) |
| **Operating Segment Profit/(Loss)** | 913142 | 24379 | (19651) |  | 917870 |
| Less: Unallocated expenses<sup>(5)</sup> |  |  |  |  | (34679) |
| **Operating profit** |  |  |  |  | 883191 |

---

**Notes:**

(1): "Overseas Markets" includes Indonesia, the Philippines and Australia.

(2): "Others" includes a combination of multiple business activities that each does not meet the quantitative thresholds to qualify as reportable segments.

(3): The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM.

(4): "Operating Expenses" includes Origination, servicing expenses and other costs of revenue, Sales and marketing expenses, General and administrative expenses, Research and development expenses, Credit losses for quality assurance commitment, Provision for loans receivable and Provision for accounts receivable and contract assets.

(5): Unallocated expenses are mainly related to share-based compensation, impairment of goodwill of prior acquisitions, and other miscellaneous items that are not allocated to segments. These expenses are excluded from segment results as they are not reviewed by the CODM as part of segment performance.

**FinVolution Group**

**Selected Segment Information**

**(All amounts in thousands, except share data, or otherwise noted)**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **For the Three Months Ended March 31, 2026** | **For the Three Months Ended March 31, 2026** | **For the Three Months Ended March 31, 2026** | **For the Three Months Ended March 31, 2026** | **For the Three Months Ended March 31, 2026** | **For the Three Months Ended March 31, 2026** |
|  | **Chinese Mainland** | **Overseas Markets** | **Others** | **Unallocated expenses** | **Total** |
|  | **RMB** | **RMB** | **RMB** | **RMB** | **RMB** |
| **Operating profit** | 598747 | 45750 | (38613) | (59042) | 546842 |
| Add: Depreciation and amortization | 16180 | 1785 | 116 |  | 18081 |
| Add: Share-based compensation expenses | - | - | - | 38173 | 38173 |
| **Non-GAAP Adjusted EBITDA** | 614927 | 47535 | (38497) | (20869) | 603096 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **For the Three Months Ended March 31, 2025** | **For the Three Months Ended March 31, 2025** | **For the Three Months Ended March 31, 2025** | **For the Three Months Ended March 31, 2025** | **For the Three Months Ended March 31, 2025** | **For the Three Months Ended March 31, 2025** |
|  | **Chinese Mainland** | **Overseas Markets** | **Others** | **Unallocated expenses** | **Total** |
|  | **RMB** | **RMB** | **RMB** | **RMB** | **RMB** |
| **Operating profit** | 913142 | 24379 | (19651) | (34679) | 883191 |
| Add: Depreciation and amortization | 16919 | 1104 | 11 |  | 18034 |
| Add: Share-based compensation expenses | - | - | - | 34679 | 34679 |
| **Non-GAAP Adjusted EBITDA** | 930061 | 25483 | (19640) |  | 935904 |

---

**Note:**

"Non-GAAP Adjusted EBITDA" represents operating profit (loss) plus (a) depreciation and amortization expenses and (b) share-based compensation expenses.

## Exhibit 99.2

**Exhibit 99.2**

**FinVolution Group Announces New Share Repurchase Program of Up to US$150 million**

 

SHANGHAI, May 25, 2026 /PRNewswire/ — FinVolution Group ("FinVolution," or the "Company") (NYSE: FINV), a leading fintech platform across China and overseas markets, today announced that the board of directors of the Company (the "Board") has authorized a new share repurchase program (the "New Share Repurchase Program") effective on May 30, 2026. Pursuant to the New Share Repurchase Program, the Company may repurchase up to US$150.0 million worth of its shares (including ADSs) during the period from May 30, 2026 to May 29, 2028.

Mr. Tiezheng Li, Vice Chairman and Chief Executive Officer of FinVolution Group, said, "Shareholder return remains a cornerstone of our capital allocation strategy. Since the initial launch of our first share repurchase program on March 21, 2018, through March 31, 2026, we have cumulatively deployed approximately US$516.7 million to repurchase the Company's ADSs. The New Share Repurchase Program is also our fifth share repurchase program, reflecting our continued commitment to shareholder value creation. Supported by a healthy balance sheet and strong confidence in our 'Local Excellence, Global Outlook+' strategy, we continue to believe in the underlying value of the investment in our own equity."

Mr. Shaofeng Gu, Chairman of FinVolution Group, added, "The Board's approval of this new program reflects our conviction in the Company's growth trajectory and disciplined approach to capital allocation. As our international platform continues to gain traction across multiple geographies and our domestic operations deliver stable profitability, we believe share buybacks represent a compelling use of capital. We are confident in our ability to deliver sustainable long-term returns to our stakeholders."

The Company's proposed repurchases may be made from time to time on the open market at prevailing market prices, in privately negotiated transactions, in block trades and/or through other legally permissible means, depending on market conditions and in accordance with applicable rules and regulations. The Board will review the share repurchase program periodically, and may authorize adjustment of its terms and size.

**About FinVolution Group** 

For more information, please visit <u>https://ir.finvgroup.com</u>

**Safe Harbor Statement**

This press release contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "target," "confident" and similar statements. Such statements are based upon management's current expectations and current market and operating conditions and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company's control. Forward-looking statements involve risks, uncertainties and other factors that could cause actual results to differ materially from those contained in any such statements. Potential risks and uncertainties include, but are not limited to, uncertainties as to the Company's ability to attract and retain borrowers and investors on its marketplace, its ability to increase volume of loans facilitated through the Company's marketplace, its ability to introduce new loan products and platform enhancements, its ability to compete effectively, laws, regulations and governmental policies relating to the online consumer finance industry in China, general economic conditions in China, and the Company's ability to meet the standards necessary to maintain listing of its ADSs on the NYSE, including its ability to cure any non-compliance with the NYSE's continued listing criteria. Further information regarding these and other risks, uncertainties or factors is included in the Company's filings with the U.S. Securities and Exchange Commission. All information provided in this press release is as of the date of this press release, and FinVolution does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.

**For investor and media inquiries, please contact:**

In China:

FinVolution Group

Head of Capital Markets

Yam Cheng

Tel: +86 (21) 8030 3200 Ext. 8601

E-mail: <u>ir@xinye.com</u>

Piacente Financial Communications

Jenny Cai

Tel: +86 (10) 6508-0677

E-mail: <u>finv@tpg-ir.com</u>

In the United States:

Piacente Financial Communications

Brandi Piacente

Tel: +1-212-481-2050

E-mail: <u>finv@tpg-ir.com</u>