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

Earnings data Q2 2022

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

Earnings data Q2 2024

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

SAN FRANCISCO--(BUSINESS WIRE)--At a time when many reports seem to indicate that Canadians are tightening their wallets, a new survey released today from Affirm (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth, found that the vast majority of Canadians (82%) plan to make a major purchase in the coming months. Spending priorities and consumer sentiment differ across age groups Affirm's survey polled 2,000 Canadians on their priorities and expectations.

Economic Uncertainty Isn't Stopping Canadians From Planning Major Purchases in 2024, According to New Survey

Carvana

GlobalFoundries

Gap Inc

As the overall market continues to break records and achieve new heights, speculation and optimism are rising. During such periods, stocks with unusually high short interest tend to outperform, as the overall market's strength and bullish sentiment can overwhelm the fundamental reasons that caused bears to initiate short positions.

4 Stocks with Surprisingly Large Short Interest

Affirm (AFRM) is poised for growth in the long term, driven by improved gross merchandise value, active merchants and transactions.

Reasons to Retain Affirm (AFRM) Stock in Your Portfolio

Watch to see if shares reclaim the 10-week moving average.

Is Affirm Stock Is A Buy Now? Fintech Leader Needs To Do This After Big Swing On Earnings

CITY OF INDUSTRY, Calif.--(BUSINESS WIRE)---- $AFRM #affirm--Newegg introduces a 10% discount for students, faculty, and staff using Affirm at checkout with .edu emails. This offer stacks with other promotions.

Newegg Makes Tech More Affordable for Students, Faculty and Staff with Affirm Offer

Ford Motor Company

DEARBORN, Mich.--(BUSINESS WIRE)--The Ford+ growth plan is providing customers with the mix of gas, hybrid and electric personal and commercial vehicles and services they want, while improving growth, margins and capital efficiency and reducing cyclicality – prompting the company to reiterate its expectations for full-year 2024 operating results. That's the summary of what Ford CFO John Lawler will say today (Tuesday) during fireside-chat remarks at the BofA Securities Auto Summit. Lawler will.

CFO Lawler to Affirm Full-Year 2024 Operating Guidance, Review Ford+ Growth Plan at BofA Auto Summit Today

Coinbase

Main Street Capital

New York Community Bancorp

Pacific Premier Bancorp

B. Riley Financial

Upstart Holdings

There are plenty of names to include on any list of financial stocks to sell, but this is not only because of the latest news from the Federal Reserve regarding its plans with interest rates. As I've argued previously, “higher for longer” rates are bad news for financial stocks in two ways: reduced loan demand and squeezed net interest margins.

7 Sorry Financial Stocks to Sell in March While You Still Can

Affirm Holdings, Inc. (AFRM) Affirm CFO Fireside Chat (Transcript)

Dollar Tree

Lucid Group

Prudent investors should stick to the game plan in 2024. That means that they should continue to find overpriced stocks to sell of companies that look fundamentally unsound.

3 Overpriced Stocks Prudent Investors Are Dumping Now

NVIDIA

PayPal

Riot Blockchain

Block

Upwork Inc

There are seven disruptive stocks that should be on every investor's radar. These companies are pioneering innovative technologies and business models that have the potential to change traditional industries and create massive new markets.

7 Stocks That Are Making Traditional Industries Tremble

AUSTIN, Texas--(BUSINESS WIRE)--AffiniPay, a leader in online payments and software solutions for professionals, has announced that over $125 million in legal fees has been processed with Pay Later, their pay-over-time product. This record milestone reflects AffiniPay's commitment to providing software that drives outstanding outcomes for its customers, ensuring everyone can have access to legal support and representation. Pay Later, the first fee lending solution specifically for the legal ind.

AffiniPay Exceeds $125 Million Processing Volume Milestone With Pay-Over-Time Solution For Legal Fees, Powered by Affirm

ARK Fintech Innovation ETF

Global X FinTech ETF

Amplify Mobile Payments ETF

Mastercard

As food prices continue to soar in the United States, more Americans are resorting to Buy Now, Pay Later (BNPL) options.

Capitalize on BNPL Growth with Fintech ETFs & Stocks

Apple

Alphabet

Microsoft

The AI-revolution is in its early innings, but innovation and disruption are increasing dramatically. For investors, it is important to track the industry climate, as often, these innovations lead to the next big stock market winners.

3 of the Latest (& Most Important) AI Innovations

Affirm differentiates itself from competitors with its consumer-friendly policies. The buy now, pay later specialist is poised for tremendous growth through young consumers.

Affirm Stock: Buy, Sell, or Hold?

Affirm Holdings, Inc. (AFRM) Wolfe Research FinTech Forum (Transcript)

SAN FRANCISCO--(BUSINESS WIRE)--Affirm Holdings, Inc. (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth, today announced that Michael Linford, CFO, will participate in a shareholder fireside chat on Friday, March 22, 2024. The discussion will be moderated by Andrew Bauch from Wells Fargo and will begin at 12:00 PM Eastern Time. The event will be webcast live on the Company's investor relations website at https://investors.affirm.com, and management wil.

Affirm to Webcast CFO Fireside Chat on March 22, 2024

Affirm Holdings Inc (AFRM) Morgan Stanley Technology, Media and Telecom Conference (Transcript)

Affirm Holdings' stock price slid from $50 to $38 after earnings, making it an attractive investment opportunity.

Affirm Holdings: Get In Before The Fed Cuts

Big Lots

Kohl's

This week, the Fed affirmed a “higher for longer” stance that could send some investors' dreams tumbling down — particularly affecting these three stocks to sell. While each has had ups and downs over the past few years, the post-pandemic whiplash that included poor consumer sentiment and slacking sales may be the final nail in their respective coffins.

Edge of the Abyss: 3 Stocks Flirting With Disaster

Upstart's growth will accelerate again as interest rates stabilize. Affirm still has a shot at disrupting traditional credit card companies.

2 Fintech Stocks to Buy Hand Over Fist and 1 to Avoid

Affirm provides a "buy now, pay later" service with no hidden fees and 0% interest. The stock price of Affirm has had a volatile year, but currently presents a 1-year return of 187%. The increasing demand for BNPL services and partnerships-led growth position Affirm for price upside in FY 2024, in my opinion.

Affirm: Solid Products And Networks Could Unlock New Growth Potential

Grom Social Enterprises

Udemy

Though small-cap stocks tend to outperform large-caps as a collective investment class, that truism hides a key risk when investing in small-cap stocks. There's little barrier to entry, practically speaking, to public listing (and the few barriers are easily avoided, as in the case of SPAC mergers).

It's Time! 3 Small-Cap Tech Stocks to Sell in February

SoFi Technologies

Tesla

Going against a trend and shorting hot stocks doesn't usually work out well. As the saying goes, the market can remain irrational longer than you can stay solvent.

3 Super-Hot Stocks at Risk of a Serious Comedown

Affirm, run by PayPal co-founder Max Levchin, is among a new breed of fintech lenders competing against credit cards issued by banks.

Shopping online at 2 a.m.? That's a red flag for buy now, pay later lender Affirm

AHMEDABAD, India--(BUSINESS WIRE)-- #Adani--International Rating Agencies affirm rating with upgraded “stable” outlook for various Adani Portfolio companies.

News for Affirm Stock (AFRM)