LU

MKT CAP:$809M

Lufax Holding Ltd

Market Cap

$809M

Financial Services·Financial - Credit Services·🇨🇳 China·NYSE

Financials·Financial·🇨🇳·NYSE

Stock Price

$1.92-$0.77 (-28.62%)

Apr 24, 2026

Company Details

Lufax Holding Ltd operates a technology-empowered personal financial services platform in China. It offers loan products, including unsecured loans and secured loans, as well as consumer finance loans. The company also provides wealth manag...

CEO

Yong Suk Cho

IPO Date

Oct 30, 2020

Website

www.lufaxholding.com

Key Metrics TTM

Revenue

$5.2B

-28.6% YoY

Net Income

-$96M

EPS (Diluted)

$0.01

Free Cash Flow

$1.8B

Revenue / Share

$18.25

Gross Margin

44.2%

Operating Margin

2.9%

Net Margin

-1.8%

FCF Margin

34.0%

P/S

0.2x

P/E

—

Earnings Reports

Q2 2024

Apr 27, 2026

PENDING

Q1 2024

Apr 23, 2024

$1.0B-18.3%EPS -$0.44

FY 2023

Apr 23, 2024

$6.1BEPS $0.45

Q4 2023

Apr 23, 2024

$2.1BEPS -$0.43

Q3 2023

Nov 14, 2023

$960M-43.3%EPS $0.05

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 19	$1.7B	$1.6B	$829M
Q2 19	$1.7B	$1.5B	$776M
Q3 19	$1.5B	$1.4B	$685M
Q1 20	$1.7B	$1.6B	$842M
Q2 20	$1.6B	$1.5B	$635M
Q3 20	$1.7B	$1.3B	$529M
Q1 21	$2.0B	$1.8B	$982M
Q2 21	$2.0B	$1.7B	$928M
Q3 21	$2.1B	$1.8B	$875M
Q1 22	$2.3B	$1.9B	$1.0B
Q3 22	$1.7B	$1.1B	$308M
Q1 23	$1.2B	$760M	$163M
Q2 23	$1.1B	$667M	$192M
Q3 23	$960M	$516M	$44M
Q4 23	$2.1B	$306M	-$159M
Q1 24	$1.0B	$824M	$76M

Valuation

Quarter	P/S	P/E
Q1 19	—	—
Q2 19	2.7x	7.6x
Q3 19	2.6x	7.6x
Q1 20	2.4x	7.2x
Q2 20	2.4x	7.5x
Q3 20	2.4x	8.5x
Q1 21	2.4x	7.9x
Q2 21	1.9x	6.3x
Q3 21	1.1x	3.6x
Q1 22	0.8x	2.4x
Q3 22	0.4x	1.3x
Q1 23	0.3x	1.4x
Q2 23	0.3x	1.5x
Q3 23	0.2x	2.7x
Q4 23	0.1x	6.0x
Q1 24	0.2x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 19	$142M	$133M
Q2 19	$142M	$152M
Q3 19	$196M	$196M
Q1 20	$427M	$427M
Q2 20	$227M	$227M
Q3 20	$734M	$734M
Q1 21	$261M	$261M
Q2 21	$310M	$310M
Q3 21	$250M	$250M
Q1 22	-$249M	-$249M
Q3 22	$346M	$346M
Q1 23	$480M	$480M
Q2 23	$291M	$288M
Q3 23	$739M	$739M
Q4 23	$686M	$679M
Q1 24	$73M	$73M

Capital Expenditures

Quarter	CapEx
Q1 19	$9M
Q2 19	$9M
Q3 19	$0
Q1 20	$0
Q2 20	$0
Q3 20	$0
Q1 21	$0
Q2 21	$0
Q3 21	$0
Q1 22	$0
Q3 22	$0
Q1 23	$0
Q2 23	$3M
Q3 23	$0
Q4 23	$7M
Q1 24	$0

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q3 19	+17.3%	+102.8%
Q1 20	+33.5%	+115.7%
Q2 20	-5.7%	+10.7%
Q3 20	-1.6%	+23.8%
Q1 21	+33.0%	+24.5%
Q2 21	+13.4%	+16.5%
Q3 21	+28.1%	+21.9%
Q1 22	+37.3%	+9.4%
Q3 22	-15.7%	+34.7%
Q1 23	-36.2%	+5.8%
Q2 23	-46.1%	-22.9%
Q3 23	-58.2%	-26.9%
Q4 23	+25.4%	+64.8%
Q1 24	-18.3%	-13.0%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 19	-$547.5K	-0.0%
Q2 19	$547.5K	0.0%
Q3 19	$0	0.0%
Q1 20	$0	0.0%
Q2 20	$0	0.0%
Q3 20	$0	0.0%
Q1 21	$0	0.0%
Q2 21	$0	0.0%
Q3 21	$0	0.0%
Q1 22	$0	0.0%
Q3 22	$0	0.0%
Q1 23	$0	0.0%
Q2 23	$0	0.0%
Q3 23	$0	0.0%
Q4 23	-$5M	-0.2%
Q1 24	$0	0.0%

OpEx Breakdown

Quarter	G&A	S&M
Q1 19	$174M	$519M
Q2 19	$174M	$519M
Q3 19	$175M	$551M
Q1 20	$161M	$586M
Q2 20	$160M	$673M
Q3 20	$164M	$630M
Q1 21	$190M	$619M
Q2 21	$192M	$631M
Q3 21	$213M	$673M
Q1 22	$106M	$655M
Q3 22	$87M	$595M
Q1 23	$110M	$443M
Q2 23	$72M	$371M
Q3 23	$73M	$335M
Q4 23	$81M	$293M
Q1 24	$71M	$222M

War Chest

Quarter	Cash	Short-term Investments	Total
Q4 20	$3.6B	$0	$3.6B
Q1 21	$3.6B	$0	$3.6B
Q2 21	$4.2B	$0	$4.2B
Q3 21	$4.5B	$0	$4.5B
Q4 21	$5.2B	$0	$5.2B
Q1 22	$5.9B	$0	$5.9B
Q2 22	$6.3B	$0	$6.3B
Q3 22	$6.8B	$0	$6.8B
Q4 22	$6.5B	$0	$6.5B
Q1 23	$7.5B	$0	$7.5B
Q2 23	$6.9B	$0	$6.9B
Q3 23	$5.8B	$0	$5.8B
Q4 23	$5.8B	$0	$5.8B
Q1 24	$5.8B	$4.8B	$10.6B
Q2 24	$3.9B	$254M	$4.2B
Q3 24	$4.0B	$187M	$4.1B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 19	283M	+5.8%	—
Q2 19	272M	-3.9%	—
Q3 19	274M	+0.6%	+2.4%
Q1 20	274M	0.0%	+2.4%
Q2 20	274M	0.0%	-3.3%
Q3 20	305M	+11.3%	+12.0%
Q1 21	319M	+4.7%	+16.6%
Q2 21	321M	+0.4%	+17.1%
Q3 21	312M	-2.8%	+13.8%
Q1 22	308M	-1.1%	+1.1%
Q3 22	286M	-7.3%	-10.5%
Q1 23	285M	-0.4%	-11.2%
Q2 23	287M	+0.6%	-8.1%
Q3 23	293M	+2.3%	-5.0%
Q4 23	285M	-2.7%	-0.3%
Q1 24	286M	+0.4%	+0.6%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 19	—	—
Q2 19	—	—
Q3 19	—	—
Q1 20	—	—
Q2 20	—	—
Q3 20	—	—
Q1 21	$23.0K	87K
Q2 21	$22.4K	87K
Q3 21	$23.9K	87K
Q1 22	$24.9K	92K
Q3 22	$18.3K	92K
Q1 23	$17.5K	71K
Q2 23	$15.8K	71K
Q3 23	$13.5K	71K
Q4 23	$23.0K	92K
Q1 24	$11.0K	92K

Revenue / Employee