SHANGHAI - FinVolution Group (NYSE:FINV) today announced that its board has authorized a share repurchase program of up to $150 million, effective May 30, 2026. Shares trade near their 52-week low of $4.35 at $4.49, after a 45% decline over the past year.
The program allows repurchases over two years, ending May 29, 2028. The fintech platform operates in China and overseas markets.
FinVolution has deployed approximately $516.7 million on ADS repurchases from March 21, 2018, through March 31, 2026. This marks the company's fifth buyback program.
"Shareholder return remains a cornerstone of our capital allocation strategy," said CEO Tiezheng Li. The company offers a 6.4% dividend yield and trades at a P/E ratio of 3.39.
Repurchases may be executed through open market transactions, private negotiations, or other legal methods. The board will periodically review the program.
Chairman Shaofeng Gu said the program reflects "conviction in the Company's growth trajectory."
As of March 31, 2026, FinVolution reported 246.5 million cumulative registered users. Founded in 2007, the company connects borrowers with financial institutions.
