LendingClub reported a strong finish to 2025 with significant year-over-year growth in originations, revenue, and diluted EPS, driven by successful product and marketing initiatives and strong credit performance. The company is entering 2026 from a position of strength, with strategic investments in home improvement financing and ongoing operating discipline.
Loan originations grew 40% year-over-year to $2.6 billion in Q4 2025, driven by successful product and marketing initiatives.
positiveTotal net revenue increased 23% to $266.5 million in Q4 2025 compared to the prior year.
positiveDiluted EPS more than quadrupled to $0.35 in Q4 2025 compared to $0.08 in the prior year.
positiveNet interest margin expanded to 5.98% in Q4 2025, compared to 5.42% in the prior year, driven by improved deposit funding costs.
positiveFull year 2025 revenue grew 27% to $998.8 million, and diluted EPS grew 158% to $1.16 compared to the prior year.
positiveServicing fees decreased 26% year-over-year in Q4 2025 to $12.8 million.
attentionNet fair value adjustments decreased significantly by 58% year-over-year in Q4 2025, resulting in a negative impact of $39.5 million.
attentionLoan originations held for investment decreased 18% year-over-year in Q4 2025 to $497 million.
attentionProvision for credit losses decreased 25% year-over-year in Q4 2025 to $47.2 million, which, while positive due to strong credit performance, indicates a lower base for future comparisons.
attentionMarketing expense as a percentage of loan originations increased to 1.77% in Q4 2025 from 1.27% in the prior year.
attentionMargin expansion indicates improving profitability and operational efficiency. Measured in basis points (bps): 100 bps = 1.0%.
Forward-looking guidance is subject to change and does not constitute a guarantee. Actual results may differ materially from these estimates.
Closed out a fantastic year with another strong quarter, delivering 40% originations growth and ROTCE approaching 12%.
On a full-year basis, we grew originations 33% and more than doubled EPS.
Entering 2026 from a position of strength, with product innovations and marketing investments taking hold while credit continues to outperform.
Commentary excerpts from earnings call transcripts provide management's perspective on performance, strategy, and outlook. Always review full transcripts for complete context.
Operational metrics provide insight into business drivers and customer engagement beyond traditional financial measures.