Lufax Holding Ltd

LU NYSE Finance Services Financials FY2018–FY2025

Last close · Oct 23, 2026

$8.06

4.0%

Compare

Revenue

$777M

31.4% vs prior year

Operating margin

—

Net income

−$292M

Free cash flow

—

Return on capital

—

Market cap

$7.0B

Oct 23 close

P/E

—

What Lufax Holding Ltd does

No business description yet.

Legal name: Lufax Holding Ltd
Fiscal year ends: December 31, 2025
Latest annual report: 20-F · Apr 30, 2026
Accession · CIK: 0001193125-26-194102
0001816007

Revenue and margins

Lufax Holding Ltd had $777M of revenue in fiscal 2025, down 31.4% on the year before.

Revenue

FY18

Revenue $4.9B

FY19

Revenue $6.1B

FY20

Revenue $6.0B

FY21

Revenue $5.9B

FY22

Revenue $4.3B

FY23

Revenue $2.2B

FY24

Revenue $1.1B

FY25

Revenue $777M

Margins, % of revenue

FY18

Gross —

Operating —

Net 42.3%

FCF —

FY19

Gross —

Operating —

Net 31.8%

FCF —

FY20

Gross —

Operating —

Net 30.0%

FCF —

FY21

Gross —

Operating —

Net 43.9%

FCF —

FY22

Gross —

Operating —

Net 26.6%

FCF —

FY23

Gross —

Operating —

Net 5.3%

FCF —

FY24

Gross —

Operating —

Net −47.4%

FCF —

FY25

Gross —

Operating —

Net −37.5%

FCF —

Gross Operating Net FCF

Net income and earnings per share

Loss periods are shown in red.

Net income

FY18

Net income $2.1B

FY19

Net income $1.9B

FY20

Net income $1.8B

FY21

Net income $2.6B

FY22

Net income $1.2B

FY23

Net income $114M

FY24

Net income −$538M

FY25

Net income −$292M

Diluted EPS

FY18

Diluted EPS $3.82

FY19

Diluted EPS $3.55

FY20

Diluted EPS $3.22

FY21

Diluted EPS —

FY22

Diluted EPS $2.01

FY23

Diluted EPS $0.20

FY24

Diluted EPS —

FY25

Diluted EPS —

Returns on capital

After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.

Return on capital, equity and assets (annual)

FY18

Return on capital —

Return on equity 40.5%

Return on assets —

FY19

Return on capital —

Return on equity 32.2%

Return on assets 9.0%

FY20

Return on capital —

Return on equity 18.5%

Return on assets 6.0%

FY21

Return on capital —

Return on equity 19.2%

Return on assets 5.5%

FY22

Return on capital —

Return on equity 8.3%

Return on assets 2.1%

FY23

Return on capital —

Return on equity 0.9%

Return on assets 0.3%

FY24

Return on capital —

Return on equity −4.5%

Return on assets −1.8%

FY25

Return on capital —

Return on equity −2.6%

Return on assets −1.0%

Return on capital Return on equity Return on assets

Cash flow

Free cash flow was — in fiscal 2025, — of revenue. Cash from operations minus capital spending.

Free cash flow

FY18

Free cash flow —

FY19

Free cash flow —

FY20

Free cash flow —

FY21

Free cash flow —

FY22

Free cash flow —

FY23

Free cash flow —

FY24

Free cash flow —

FY25

Free cash flow —

Cash from operations vs capital spending

FY18

Cash from operations −$219M

Capital spending —

FY19

Cash from operations $317M

Capital spending —

FY20

Cash from operations $1.0B

Capital spending —

FY21

Cash from operations $773M

Capital spending —

FY22

Cash from operations $736M

Capital spending —

FY23

Cash from operations $1.8B

Capital spending —

FY24

Cash from operations $252M

Capital spending —

FY25

Cash from operations $1.7B

Capital spending —

Cash from operations Capital spending

Dividends, buybacks and share count

Lufax Holding Ltd returned $0.0M to shareholders in fiscal 2025. The diluted share count rose 24.2%.

Dividends and buybacks

FY18

Dividends $0.0M

Buybacks —

FY19

Dividends $0.0M

Buybacks $0.0M

FY20

Dividends $0.0M

Buybacks $0.0M

FY21

Dividends $0.0M

Buybacks $998M

FY22

Dividends $1.1B

Buybacks $0.0M

FY23

Dividends $203M

Buybacks $0.0M

FY24

Dividends $713M

Buybacks —

FY25

Dividends $0.0M

Buybacks —

Dividends Buybacks

Diluted shares outstanding (annual)

FY18

Diluted shares 538.43B

FY19

Diluted shares 543.35B

FY20

Diluted shares 0.56B

FY21

Diluted shares 0.68B

FY22

Diluted shares 0.57B

FY23

Diluted shares 0.57B

FY24

Diluted shares 0.70B

FY25

Diluted shares 0.87B

Balance sheet

Cash, debt and the ratios that show how comfortably Lufax Holding Ltd can carry it.

Cash vs debt (incl. leases)

FY18

Cash $2.7B

Debt —

FY19

Cash $1.1B

Debt $429M

FY20

Cash $3.6B

Debt $1.6B

FY21

Cash $4.2B

Debt $4.1B

FY22

Cash $4.3B

Debt $5.4B

FY23

Cash $2.6B

Debt $5.5B

FY24

Cash $1.6B

Debt $7.0B

FY25

Cash $1.6B

Debt $9.1B

Cash Debt

Fiscal year end	FY21	FY22	FY23	FY24	FY25
Cash and short-term investments	$4.2B	$4.3B	$2.6B	$1.6B	$1.6B
Debt incl. finance leases	$4.1B	$5.4B	$5.5B	$7.0B	$9.1B
Debt / equity	0.3x	0.4x	0.4x	0.6x	0.8x
Total assets	$56.7B	$50.9B	$33.0B	$27.9B	$29.7B
Total liabilities	$41.9B	$37.3B	$20.0B	$16.4B	$18.0B
Shareholders' equity	$14.6B	$13.3B	$12.8B	$11.2B	$11.4B
Net debt (− = net cash)	−$93.6M	$1.1B	$2.8B	$5.4B	$7.5B

Insider trades

Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. “Plan” marks trades under a pre-arranged Rule 10b5-1 plan.

Bought, 12 months

$0.0M

0 insiders

Sold, 12 months

$0.0M

0 insiders

Of sales under plans

—

$0.0M

No open-market insider trades in the last 12 months.

Piotroski F-score

Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.

Test	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income is positive	✓	✓	✓	✓	✓	✓	✕	✕
Cash from operations is positive	✕	✓	✓	✓	✓	✓	✓	✓
Return on assets rose	—	—	✕	✕	✕	✕	✕	✓
Cash from operations exceeds net income	✕	✕	✕	✕	✕	✓	✓	✓
Debt fell relative to assets	—	—	✕	✕	✕	✕	✕	✕
Current ratio rose	—	—	—	—	—	—	—	—
Share count didn't rise	—	✕	✓	✕	✓	✓	✕	✕
Gross margin rose	—	—	—	—	—	—	—	—
Revenue rose relative to assets	—	—	✕	✕	✕	✕	✕	✕
F-score	— / 3	— / 4	3 / 7	2 / 7	3 / 7	4 / 7	2 / 7	3 / 7
Accruals ratio	—	7.5%	2.5%	3.9%	0.8%	−4.0%	−2.6%	−7.0%
Altman Z''	—	—	—	—	—	—	—	—

8 years of figures

Amounts in USD. Hover a ratio’s name for its definition.

Download CSV

Fiscal year	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Income statement
Revenue	$4.9B	$6.1B	$6.0B	$5.9B	$4.3B	$2.2B	$1.1B	$777M
Net interest income	$891M	$566M	$1.1B	$2.2B	$2.8B	$1.9B	$1.7B	$1.8B
Interest expense	$136M	$220M	$415M	$154M	$174M	$49.3M	$11.8M	$35.9M
Pretax income	$2.8B	$2.8B	$2.6B	$3.6B	$1.8B	$224M	−$289M	−$80.4M
Income tax	$767M	$885M	$816M	$1.0B	$622M	$89.7M	$212M	$158M
Net income	$2.1B	$1.9B	$1.8B	$2.6B	$1.2B	$114M	−$538M	−$292M
Net income to common	$2.1B	$1.9B	$1.8B	$2.6B	$1.2B	$114M	−$538M	−$292M
Diluted EPS	$3.82	$3.55	$3.22	—	$2.01	$0.20	—	—
Diluted shares	538.43B	543.35B	0.56B	0.68B	0.57B	0.57B	0.70B	0.87B
Cash flow
Cash from operations	−$219M	$317M	$1.0B	$773M	$736M	$1.8B	$252M	$1.7B
Stock-based compensation	$19.4M	−$8.0M	$23.9M	$20.7M	$6.7M	−$5.1M	−$2.5M	$0.1M
Acquisitions	—	—	—	—	$0.0M	$0.0M	$96.9M	$0.5M
Share buybacks	—	$0.0M	$0.0M	$998M	$0.0M	$0.0M	—	—
Dividends paid	$0.0M	$0.0M	$0.0M	$0.0M	$1.1B	$203M	$713M	$0.0M
Dividends and buybacks	$0.0M	$0.0M	$0.0M	$998M	$1.1B	$203M	$713M	$0.0M
Balance sheet
Cash and short-term investments	$2.7B	$1.1B	$3.6B	$4.2B	$4.3B	$2.6B	$1.6B	$1.6B
Total debt	—	$429M	$1.6B	$4.1B	$5.4B	$5.5B	$7.0B	$9.1B
Loans, net	—	$6.8B	$18.3B	$33.8B	$30.7B	$18.3B	$15.3B	$14.6B
Property and equipment, net	—	$74.3M	$64.9M	$59.8M	$47.8M	$26.2M	$8.8M	$7.7M
Goodwill	$1.3B	$1.3B	$1.4B	$1.4B	$1.3B	$1.3B	$1.3B	$1.3B
Intangible assets	$287M	$272M	$288M	$142M	$128M	$123M	$131M	$130M
Total assets	—	$21.5B	$38.1B	$56.7B	$50.9B	$33.0B	$27.9B	$29.7B
Total liabilities	—	$14.6B	$25.4B	$41.9B	$37.3B	$20.0B	$16.4B	$18.0B
Shareholders' equity	$5.1B	$6.9B	$12.5B	$14.6B	$13.3B	$12.8B	$11.2B	$11.4B
Margins
Net margin	42.3%	31.8%	30.0%	43.9%	26.6%	5.3%	−47.4%	−37.5%
Net interest share of revenue	18.3%	9.3%	18.8%	37.0%	63.9%	85.6%	150.9%	236.1%
Returns
Return on equity	40.5%	32.2%	18.5%	19.2%	8.3%	0.9%	−4.5%	−2.6%
Return on assets	—	9.0%	6.0%	5.5%	2.1%	0.3%	−1.8%	−1.0%
Return on tangible equity	59.3%	36.2%	16.6%	19.9%	9.7%	1.0%	−5.5%	−2.9%
Growth
Revenue growth	—	24.6%	−1.6%	−0.6%	−26.9%	−50.2%	−47.6%	−31.4%
Net income growth	—	−6.3%	−7.2%	45.6%	−55.7%	−90.1%	−570.5%	—
EPS growth	—	−7.1%	−9.4%	—	—	−90.0%	—	—
Share count change	—	0.9%	−99.9%	20.8%	−15.6%	−0.0%	21.6%	24.2%
Financial health
Debt / equity	—	0.1x	0.1x	0.3x	0.4x	0.4x	0.6x	0.8x
Capital allocation
Stock comp / revenue	0.4%	−0.1%	0.4%	0.3%	0.2%	−0.2%	−0.2%	0.0%
Quality scores
Piotroski F-score	—	—	3.0	2.0	3.0	4.0	2.0	3.0
Accruals ratio	—	7.5%	2.5%	3.9%	0.8%	−4.0%	−2.6%	−7.0%

Source: SEC EDGAR XBRL filings (CIK 0001816007). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. Filed in CNY under IFRS and converted to US$: income and cash-flow lines at each period's average exchange rate, balance-sheet lines at the period-end rate. Per-share figures are per US-listed share (1 ADS = 2 ordinary shares). For information only — not investment advice. Check the original filings before relying on any figure.