Revenue segments as reported by the company.

Merchant network revenue

Virtual card network revenue

Interest income

Gain (loss) on sales of loans

Servicing income

Revenue Segments

Gross Profit, Operating Income, and Net Income as a percentage of Revenue

Operating Margin

Profit Margin

Margins

An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

Loss on loan purchase commitment

Provision for credit losses

Funding costs

Processing and servicing

Technology and data Analytics

Sales and marketing

General and administrative

Restructuring charges, net

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Affirm

Affirm Holdings, Inc. operates a platform for digital and mobile-first commerce. Its platform consists of three core elements: a point-of-sale payment solution for consumers, merchant commerce solutions, and a consumer-focused app. The company was founded by Max R. Levchin in 2012 and is headquartered in San Francisco, CA.

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

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Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

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Earnings data Q3 2024

Earnings data Q4 2024

Earnings data Q1 2025

Earnings data Q2 2025

Affirm Holdings reports strong Q1 earnings, cautious about guidance

AFRM had a strong quarter with a focus on Debit+ and credit performance. The company is cautious about guidance and forecasts, aiming to maintain unit profitability and offset credit losses. AFRM reaffirms commitment to positive adjusted operating income and anticipates ongoing progress in merchant amendments.

Affirm reports mixed Q2 results, focuses on credit performance and profitability

Affirm's Q2 performance showed a mix of results with a focus on credit performance and profitability initiatives. The company faces challenges in consumer spending, credit risk management, and yield pressure. Opportunities exist in reengagement strategies, margin-improving projects, and integrating Debit+ for growth.
Affirm's strong credit performance, effective credit control, and successful partnerships are key strengths. Challenges include managing credit tightly amidst economic conditions and optimizing margins. Opportunities for growth include focusing on higher credit quality loans, margin improvement, and enhancing engagement metrics.

Affirm excels in Q3, focuses on credit performance and growth

Affirm's Q3 showcased exceptional performance and strategic initiatives, with a strong focus on credit performance and product value. Challenges in specific sectors are being addressed, while opportunities in merchant agreements and operational efficiency are being pursued.

Affirm surpasses Q4 expectations, eyes strategic growth amid challenges

Affirm's Q4 performance exceeded expectations, emphasizing profitability and strategic growth initiatives. Despite challenges like credit environment impact and economic volatility, Affirm is poised for further success through market opportunities and strategic planning.

Affirm exceeds Q1 revenue expectations, focuses on innovation and partnerships

Affirm's Q1 performance showcased strong growth and operational efficiency, driven by key product initiatives and effective expense management. The company's focus on innovation, partnerships, and consumer education positions it well for future growth and market expansion.

Affirm reports robust Q2 results, eyes aggressive card adoption strategy

Affirm's Q2 performance showcased growth in GMV and strong partnerships driving positive outcomes. Challenges lie in managing funding costs and credit box expansion, while opportunities exist in increasing Affirm card adoption and enhancing user experience.

Affirm reports robust Q3 performance, eyes international expansion opportunities

Affirm's Q3 performance reflects strong GMV growth, operational efficiency, and resilience to market dynamics.
The company's strengths lie in positive unit economics, unique product offerings, and a focus on long-term growth.
Challenges include quantifying pricing impact, international expansion complexities, and funding requirements.
Opportunities for Affirm include midsized business focus, international growth, and product innovation for market expansion.

Affirm reports robust Q4 performance, eyes growth amid credit challenges

Affirm's Q4 2024 earnings call highlighted strong performance, credit control emphasis, and strategic partnerships. Challenges include managing the credit environment and consumer spending in changing rate environments. Opportunities lie in disciplined growth, investment strategies, and sustainable profitability.

Affirm reports strong Q1 results, eyes UK expansion for growth

Affirm's Q1 performance was strong, with a positive outlook for revenue uplift and RLTC margins. While challenges exist in reinvestment and benchmark rate declines, opportunities in the U.K. market and expansion into new markets present growth potential.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Affirm is founded by PayPal co-founder Max Levchin, Nathan Gettings, Jeffrey Kaditz and Alex Rampell as an alternative to credit card.

The company raises $7.5 million in Series A funding from Charlie Songhurst, David Sacks and others, with a valuation of $15 million. 

Affirm is valued at $85 million after it raises $26 million from Khosla Ventures and others.

The company raises $275 million in a deal led by Spark Capital, giving it a pre-money valuation of $450 million. 

The company raises $140 million in a deal led by Founders Fund, giving it a pre-money valuation of $700 million.

Affirm acquires budgeting app Sweep, expanding beyond point-of-sale lending to provide financial advice for users.

The online checkout option "Pay with Affirm" becomes widely popular, especially with Millennial shoppers looking to buy expensive items.

Affirm partners with Walmart to allow customers to make purchases both in store and on Walmart.com.

Affirm raises another $300 million in funding, led by Thrive Capital.

Affirm partners with Shopify, making its "buy now, pay later" model available to more U.S. merchants.

Affirm partners with Neiman Marcus to give customers a flexible way to buy gifts (or just something for themselves). 

Affirm files to go public on NASDAQ under the stock ticker symble AFRM, with an expected offering amount of $100 million.

affirm.com/press
SEC Form S-1
Marketwatch
Forbes
Inc.
NY Times
TechCrunch
Washington Post

Affirm Holdings (AFRM) reachead $64.95 at the closing of the latest trading day, reflecting a -1.05% change compared to its last close.

Affirm Holdings (AFRM) Stock Drops Despite Market Gains: Important Facts to Note

This move aims to increase AFRM's reach, especially among small and mid-sized businesses, while helping merchants boost sales and customer satisfaction.

Why is Affirm's Extended Partnership With WooCommerce Crucial?

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.

Wall Street Bulls Look Optimistic About Affirm Holdings (AFRM): Should You Buy?

Affirm (AFRM 4.19%), a leading provider of buy now, pay later (BNPL) services, went public on Jan. 13, 2021. It soared from its IPO price of $49 to a record high of $168.52 on Nov. 4, 2021, but it dropped below $9 the following December.

Where Will Affirm Stock Be in 3 Years?

AFRM is now offering its monthly installment plans to Adyen merchants in Canada.

Can Affirm & Adyen Unlock New Growth With Enhanced BNPL Offerings?

SAN FRANCISCO--(BUSINESS WIRE)--WooCommerce, the flexible, open-source ecommerce solution built on WordPress, today announced that it has selected Affirm (NASDAQ: AFRM) as a leading pay-over-time provider. This builds on the companies' decade-long partnership and will make Affirm a default payment option for merchants using WooPayments. Soon, merchants using WooCommerce's integrated payment solution, WooPayments, will be able to instantly offer Affirm's customized pay-over-time plans to their c.

WooCommerce Designates Affirm as a Leading Pay-Over-Time Provider

Adyen NV

Pay-later network Affirm says it is expanding its partnership with payments company Adyen. The expansion makes Affirm the first buy now, pay later (BNPL) provider to support Adyen's payment solution for platform businesses, while also offering more payment options for Adyen merchants in Canada, according to a Wednesday (Dec. 18) news release.

Affirm Extends BNPL Offering to Adyen's Platform Customers

SAN FRANCISCO--(BUSINESS WIRE)--Affirm Holdings, Inc. (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth, today announced that it has expanded its partnership with Adyen, the global financial technology platform of choice for leading businesses. The expanded partnership makes Affirm the first Buy Now, Pay Later (BNPL) provider to support Adyen for Platforms, an end-to-end payment solution for platform businesses, and brings more payment options to Adyen.

Affirm and Adyen Expand Partnership to Bring Flexible Payment Options to More Merchants and Platforms

SAN FRANCISCO--(BUSINESS WIRE)--Affirm Holdings, Inc. (Nasdaq: AFRM) (“Affirm” or the “Company”) today announced the pricing of $800 million aggregate principal amount of 0.75% Convertible Senior Notes due 2029 (the “Notes”) in a private offering (the “Offering”). The size of the Offering was increased from the previously announced $750 million in aggregate principal amount. In connection with the Offering, Affirm has granted the initial purchasers of the Notes an option to purchase, within a 1.

Affirm Holdings, Inc. Announces Pricing of Upsized Private Offering of $800 million of 0.75% Convertible Senior Notes due 2029

Affirm Holdings (AFRM) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.

Affirm Holdings, Inc. (AFRM) Is a Trending Stock: Facts to Know Before Betting on It

PayPal

PayPal (PYPL 0.31%) and Affirm (AFRM 3.06%) are excellent businesses, but only one can be the better investment in this comparison.

Best Stock for 2025: PayPal Stock vs. Affirm Stock

Buy now, pay later is gaining popularity among consumers worldwide.

Is Affirm an Undervalued Growth Stock to Buy?

Best Buy

Whirlpool

President Trump has stated his intention to place import tariffs on all goods made outside of the United States, supporting his America First initiative. He wants to galvanize the nation's manufacturing industry, which is a boon to factory workers.

3 Stocks to Gain From Stockpiling Effects of the Trump Tariffs

The ‘buy now, pay later' company announces a private offering of $750 million of convertible senior notes and plans to repurchase up to $300 million of common stock.

Affirm Stock Is Falling. Here's Why.

SAN FRANCISCO--(BUSINESS WIRE)--Affirm Holdings, Inc. (Nasdaq: AFRM) (“Affirm” or the “Company”) today announced its intention to offer, subject to market conditions and other factors, $750 million aggregate principal amount of Convertible Senior Notes due 2029 (the “Notes”) in a private offering (the “Offering”). In connection with the Offering, Affirm expects to grant the initial purchasers of the Notes an option to purchase, within a 13-day period beginning on, and including, the date on whi.

Affirm Holdings, Inc. Announces Proposed Private Offering of $750 Million of Convertible Senior Notes

AFRM wins a $4 billion partnership with Sixth Street, unlocking $20 billion in loan capacity to fuel growth and empower millions with transparent, flexible payment options.

Affirm Secures $4 Billion Partnership With Sixth Street to Drive Growth

Payment network Affirm and global investment firm Sixth Street have formed a long-term capital partnership in which Sixth Street will invest up to $4 billion by purchasing Affirm loans in a three-year forward flow agreement.

Affirm's Lending Capacity Gets Boost From Sixth Street Investment

Affirm (AFRM) forged a $4 billion financing partnership with Sixth Street, in the latest commitment by a private credit firm into a fintech company.

Affirm Forges $4B Investment Deal With Sixth Street

Affirm Inc (NASDAQ: AFRM) opened in the green this morning after private-credit firm Sixth Street agreed to buy up to $4 billion worth of its consumer installment loans. The transaction marks largest-ever capital commitment for the buy now, pay later company.

Affirm secures largest-ever funding: what it means for investors

The investment from Sixth Street is ‘largest capital commitment secured by Affirm to date,' the company says.

Affirm Stock Jumps as BNPL Company Secures $4 Billion Loan Deal

SAN FRANCISCO--(BUSINESS WIRE)--Affirm Holdings, Inc. (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth, and Sixth Street, a leading global investment firm, today announced that they have entered into a long-term capital partnership whereby Sixth Street through its Asset Based Finance platform will invest up to $4 billion by purchasing Affirm loans in a unique AssetCo structure pursuant to a three year, forward flow agreement. The transaction represent.

Affirm and Sixth Street Announce Long-Term Capital Partnership to Invest up to $4 Billion in Affirm Loans

AFRM harnesses AI-driven innovation, strategic alliances and rising BNPL demand to expand its footprint.

Affirm Gains 42% Year to Date: Should You Buy Now or Hold the Stock?

Robinhood

SoFi Technologies

There is an approach that the biggest hedge funds and investment banks use in their daily operations to come up with the best trade and investment ideas, and it is what most might call a “top-down” approach. In this methodology, analysts are tasked with breaking down trends in the global economy, industries, and other indicators to know where to start looking in the first place.

Top 3 Finance Stocks to Hold for Strong Returns This Quarter

Shopify

Williams-Sonoma

The 2024 holiday season is projected to witness a 3% surge in consumer discretionary spending, igniting a crucial period for the retail sector and the stock market. As shoppers gear up for festive celebrations and gift-giving, investors are eyeing opportunities to capitalize on this surge in consumer enthusiasm.

Sleighing the Market: 3 Holiday Stock Winners

U.S. shoppers just got through Black Friday and Cyber Monday, two of the year's biggest shopping days. According to data from Adobe, consumers used Buy Now, Pay Later payment methods to fund nearly a billion dollars of purchases on Cyber Monday alone.

News for Affirm Stock (AFRM)