X Financial Cost of Revenue 2011-2025 | XYF

Cost of Revenue is a financial metric that reflects all direct costs associated with the production of goods or the provision of services that directly led to revenue during the reporting period. It is the total amount of expenses incurred by the company to deliver its products or services, including both production costs and related expenses necessary for delivery or customer support.

What is included in the cost of revenue

Cost Category	Examples
Production Costs	Materials, wages of production staff, depreciation of equipment
Service and Support	Customer service, user support, technical assistance
Delivery and Logistics	Packaging, delivery of goods to customers
Hosting and Infrastructure	Servers, cloud platforms (especially for IT and SaaS companies)
Content and Licenses	License purchases, production royalties (e.g., in streaming services)

Importance of the Metric

Helps to understand how costly the revenue-generating process is.
A high cost of revenue may indicate:
Poor cost control
Low operational efficiency
A low cost of revenue combined with high revenue indicates high profitability and business competitiveness.

Annual Cost of Revenue X Financial

2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
1.74 B	2.87 B	2.13 B	1.96 B	2.07 B	1.63 B	1.19 B	760 M	259 M	-	-	-	-	-

All numbers in CNY currency

Indicator range from annual reports

Maximum	Minimum	Average
2.87 B	259 M	1.62 B

Cost of Revenue of other stocks in the Payment services industry

Issuer	Cost of Revenue	Price	% 24h	Market Cap	Country
Qiwi plc QIWI	16.5 B	-	-	-	Cyprus
Jianpu Technology JT	638 M	-	7.78 %	$ 331 M	-
Credit Acceptance Corporation CACC	309 M	$ 468.97	-1.78 %	$ 5.78 B	USA
Capital One Financial Corporation COF	9.4 B	$ 236.83	-1.03 %	$ 90.6 B	USA
EZCORP EZPW	296 M	$ 21.06	0.14 %	$ 1.21 B	USA
Enova International ENVA	603 M	$ 163.21	3.35 %	$ 4.39 B	USA
ORIX Corporation IX	484 B	$ 28.74	0.63 %	$ 35.5 B	Japan
Atlanticus Holdings Corporation ATLC	101 M	$ 66.0	-1.15 %	$ 957 M	USA
OneMain Holdings OMF	879 M	$ 68.5	-1.61 %	$ 8.2 B	USA
American Express Company AXP	8.2 B	$ 380.42	-1.16 %	$ 271 B	USA
LexinFintech Holdings Ltd. LX	9.18 B	$ 3.3	1.38 %	$ 1.09 B	China
FirstCash FCFS	1.76 B	$ 164.33	1.28 %	$ 7.39 B	USA
Federal Agricultural Mortgage Corporation AGM	64 M	$ 182.79	-0.95 %	$ 1.99 B	USA
Ally Financial ALLY	1.84 B	$ 45.11	-1.55 %	$ 13.8 B	USA
Green Dot Corporation GDOT	239 M	$ 13.4	-1.33 %	$ 700 M	USA
MoneyGram International MGI	690 M	-	-	$ 1.07 B	USA
CURO Group Holdings Corp. CURO	493 M	-	-6.4 %	$ 7.82 M	USA
Discover Financial Services DFS	2.82 B	-	-0.21 %	$ 50.2 B	USA
Medallion Financial Corp. MFIN	37.6 M	$ 10.51	-0.47 %	$ 237 M	USA
LendingClub Corporation LC	232 M	$ 19.96	-2.16 %	$ 2.23 B	USA
Elevate Credit ELVT	241 M	-	-	$ 58.8 M	USA
Navient Corporation NAVI	316 M	$ 12.74	-1.62 %	$ 1.39 B	USA
Nelnet NNI	252 M	$ 132.63	-0.37 %	$ 4.86 B	USA
FlexShopper FPAY	12.5 M	-	2.7 %	$ 4.12 M	USA
Nicholas Financial NICK	19.1 M	-	-0.16 %	$ 45.1 M	USA
Oportun Financial Corporation OPRT	122 M	$ 5.62	-1.32 %	$ 207 M	USA
Pintec Technology Holdings Limited PT	12.8 M	$ 1.05	0.96 %	$ 582 M	China
360 DigiTech QFIN	2.25 B	$ 19.84	2.22 %	$ 5.91 B	China
Qudian QD	299 M	$ 4.09	3.16 %	$ 675 M	China
PRA Group PRAA	299 M	$ 17.38	-3.5 %	$ 684 M	USA
Regional Management Corp. RM	154 M	$ 40.24	1.16 %	$ 388 M	USA
SLM Corporation SLM	349 M	$ 27.11	-0.95 %	$ 5.86 B	USA
Security National Financial Corporation SNFCA	4.8 M	$ 9.07	1.11 %	$ 211 M	USA
Senmiao Technology Limited AIHS	2.54 M	$ 1.35	0.19 %	$ 14.2 M	China