LendingClub (LC) Q3 2025 Earnings
How Did LC Stock React to Q3 2025 Earnings?
Did LC Beat Earnings? Q3 2025 Results
Yes. LendingClub reported Q3 2025 earnings of $0.37 a share on Oct 22, 2025, beating the $0.31 consensus estimate by 20.9%. Revenue was $266.2M against a $256.0M estimate.
LendingClub posted a standout third quarter for fiscal 2025, delivering earnings per share of $0.37 against a consensus estimate of $0.31, a beat of 20.88%, while revenue of $266.23 million topped the $256.01 million estimate by roughly 4%, even as total revenue declined 11.8% year over year. The headline driver behind the strong bottom line was a sharp improvement in credit quality, with net charge-offs on the held-for-investment portfolio falling to $31.12 million from $55.80 million a year ago, while net interest margin expanded to 6.18% from 5.63% on the back of lower deposit funding costs. Marketplace originations climbed 44% year over year to $2.03 billion, reinforcing the company's capital-light strategy, and a newly announced partnership with BlackRock to deploy up to $1 billion through LendingClub's marketplace programs through 2026 added further investor confidence, sending shares up more than 6% in after-hours trading. Looking ahead, management guided Q4 loan originations of $2.50 billion to $2.60 billion and ROTCE of 10% to 11.5%, implying some seasonal moderation from the third quarter's strong pace.
- Loan originations grew 37% YoY to $2.6 billion driven by product and marketing initiatives
- Net interest margin expanded to 6.18% from 5.63% YoY due to improved deposit funding costs
- Marketplace revenue surged 75% YoY to $102.2 million on higher origination fees and loan sale pricing
- Strong credit performance with net charge-off ratio improving to 2.9% from 5.4% YoY
- Efficiency ratio improved to 61.1% from 67.5% YoY through AI technologies and cost initiatives
- Non-interest income grew 75% YoY driven by origination fees up 48% and servicing fees up 110%
“We delivered another outstanding quarter with 37% growth in originations and 32% growth in revenue, and nearly tripling diluted earnings per share, resulting in an ROTCE of over 13%.”
LendingClub CEO, on the earnings call
What Was LendingClub's Outlook in Q3 2025?
For Q4 2025, LendingClub expects loan originations of $2.5 billion to $2.6 billion, pre-provision net revenue (PPNR) of $90 million to $100 million, and return on tangible common equity (ROTCE) of 10% to 11.5%. The company also announced an Investor Day scheduled for November 5, 2025.
LC YoY Financials
| Metric | Q3 2025 | Q3 2024 | Year over year |
|---|---|---|---|
| Revenue | $266.2M | $302.0M | −11.9% |
| Operating Income | $57.2M | $18.0M | +217.9% |
| Net Income | $44.3M | $14.5M | +206.3% |
LC Revenue by Segment
Figures from SEC filings and company reports. Not investment advice.