v3.26.1
ADDITIONAL INFORMATION - FINANCIAL STATEMENT SCHEDULE I - CONDENSED STATEMENTS OF CASH FLOWS (Details)
¥ in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2025
CNY (¥)
Dec. 31, 2025
USD ($)
Dec. 31, 2024
CNY (¥)
Dec. 31, 2023
CNY (¥)
Cash Flows from Operating Activities:        
Net income attributable to shareholders of the Company ¥ 5,975,643 $ 854,507 ¥ 6,248,116 ¥ 4,268,577
Changes in operating assets and liabilities        
Accrued expenses and other current liabilities 265,041 37,900 485,684 52,626
Prepaid expenses and other assets 742,013 106,106 (1,088,735) 58,265
Interest receivable/payable (67,503) (9,653) (73,601) (136,355)
Foreign exchange gain (159,570) (22,818) (1,512) (2,356)
Gain on debt extinguishment (270,135) (38,629)    
Net cash provided by operating activities 11,083,748 1,584,956 9,343,311 7,118,350
Cash Flows from Investing Activities:        
Loans provided to subsidiaries and VIEs (120,448,307) (17,223,879) (102,799,121) (92,202,671)
Proceeds from disposal of short-term investments 10,453,869 1,494,883 1,308,446 303,301
Purchase of short-term investments (10,116,360) (1,446,620) (4,641,665) (248,361)
Net Cash provided by (used in) Investing Activities (13,082,044) (1,870,707) (7,994,081) (11,147,789)
Cash Flows from Financing Activities:        
Proceeds from convertible senior notes,net of issuance cost 4,917,431 703,183    
Repurchase of convertible senior notes 1,908,688 272,939    
Stock repurchase (4,848,116) (693,271) (2,973,192) (636,179)
Net Cash used in Financing Activities 2,783,865 398,087 (2,114,463) 1,066,458
Effect of foreign exchange rate changes (50,451) (7,215) 12,036 9,615
Net (decrease) increase in cash and cash equivalents 735,118 105,121 (753,197) (2,953,366)
Cash, cash equivalents, and restricted cash, beginning of year 6,805,800 973,216 7,558,997 10,512,363
Cash, cash equivalents, and restricted cash, end of year 7,540,918 1,078,337 6,805,800 7,558,997
Parent Company | Reportable Legal Entities        
Cash Flows from Operating Activities:        
Net income attributable to shareholders of the Company 5,989,691 856,516 6,264,314 4,285,336
Adjustments to reconcile net income to net cash used in operating activities:        
Equity in earnings of subsidiaries and VIEs, net of dividends (1,428,319) (204,247) 1,706,075 (3,474,800)
Amortization of convertible senior notes issuance cost 22,241 3,180    
Changes in operating assets and liabilities        
Accrued expenses and other current liabilities 3,326 476 87 2,282
Prepaid expenses and other assets (198,412) (28,373) 20,229 (17,667)
Interest receivable/payable 8,095 1,158 (9,091) 1,320
Foreign exchange gain (6,613) (946)    
Gain on debt extinguishment (270,135) (38,629)    
Fair value change of foreign exchange options 181,205 25,912   4,527
Net cash provided by operating activities 4,301,079 615,047 7,981,614 800,998
Cash Flows from Investing Activities:        
Repayment of loans provided to subsidiaries and VIEs 5,395,300 771,518 2,881,606 378,148
Loans provided to subsidiaries and VIEs (6,576,973) (940,495) (5,920,169) (71,706)
Proceeds from disposal of short-term investments 2,323,576 332,267 291,520 216,301
Purchase of short-term investments (1,926,552) (275,493) (776,418) (203,361)
Net Cash provided by (used in) Investing Activities (784,649) (112,203) (3,523,461) 319,382
Cash Flows from Financing Activities:        
Payment of Secondary Listing costs       (16,023)
Dividends to shareholders (1,378,103) (197,066) (1,262,935) (941,705)
Proceeds from convertible senior notes,net of issuance cost 4,917,431 703,183    
Repurchase of convertible senior notes (1,908,688) (272,939)    
Stock repurchase (4,848,116) (693,271) (2,973,192) (636,179)
Net Cash used in Financing Activities (3,217,476) (460,093) (4,236,127) (1,593,907)
Effect of foreign exchange rate changes (54,613) (7,811) 49,852 11,840
Net (decrease) increase in cash and cash equivalents 244,341 34,940 271,878 (461,687)
Cash, cash equivalents, and restricted cash, beginning of year 274,514 39,255 2,636 464,323
Cash, cash equivalents, and restricted cash, end of year ¥ 518,855 $ 74,195 ¥ 274,514 ¥ 2,636