Affirm Holdings, Inc.

Affirm Holdings, Inc.

AFRM
Affirm Holdings, Inc.US flagNASDAQ Global Select
74.30
USD
+0.21
- -
24.88BMarket Cap
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
1.28
2.47
5.5
4.79
5.38
7.5
9.99
- -
11.8
Basic EPS, GAAP
-0.58
-0.55
-2.78
-2.51
-3.34
-1.67
0.16
- -
1.14
Free Cash Flow per Basic Share
-0.53
-0.45
-1.35
-0.97
-0.37
0.94
1.86
- -
2.34
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
-1.09
-1.51
9.56
9.11
8.54
8.78
9.44
- -
11.3
Tangible Book Value per Share
-1.09
-1.53
7.39
6.96
6.59
7.02
7.76
- -
9.64
Basic Weighted Avg Shares
206
206
158
282
295
310
323
- -
337
Sales/Revenue/Turnover
264
510
870
1,349
1,588
2,323
3,224
- -
3,972
Operating Margin (%)
-38.41
-14.81
-38.02
-59.02
-61.84
-11.4
10.48
- -
19.37
Depreciation Expense
5
9
20
53
135
169
225
- -
280
Net Income, GAAP
-120
-113
-441
-707
-985
-518
52
- -
382
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
15.1
- -
3.24
Profit Margin (%)
-45.56
-22.1
-50.67
-52.43
-62.05
-22.29
1.62
- -
9.63
Working Capital
1,061
1,304
3,769
5,569
6,807
8,085
9,575
- -
11,428
LT Debt
586
917
1,982
4,144
5,451
6,614
7,853
- -
9,091
Total Equity
-263
-367
2,576
2,618
2,534
2,732
3,069
- -
3,783
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
2.84
- -
6.45
Return on Capital (%)
- -
- -
- -
- -
- -
- -
4.08
- -
7.01
Return on Common Equity (%)
- -
- -
- -
-27.24
-38.25
-19.66
1.8
- -
11.49

Capital Structure

FRC

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
- -
- -
- -
LT Borrowings
7,930
9,140
9,052
LT Finance Leases
28
42
39
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
330
332
335
Market Capitalization
24,120
24,726
15,343

Working Capital

FRC

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
10,081
11,468
11,633
Cash, Cash Equivalents & STI
2,241
2,251
2,481
Accounts Receivable, Net
284
268
231
Inventories
- -
- -
- -
Total Current Liabilities
159
171
205
Payables & Accruals
159
171
205
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
- -
- -
Free Cash Flow
- -
- -
- -
Net Income, GAAP
- -
- -
- -
Sales/Revenue/Turnover
- -
- -
- -
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
497
591
576
659
2,323
2025
698
866
783
876
3,224
2026
933
1,123
1,039
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.57
-0.54
-0.43
- -
-1.67
2025
-0.31
0.25
0.01
0.21
0.16
2026
0.23
0.39
0.31
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

CEO
Max Rafailovych Levchin
Full Time Employees
2,358
Sector
Financial Services
Industry
Financial - Credit Services
Address
650 California Street San Francisco CA United States of America 94108
IPO Date
Jan 13, 2021
Website
affirm.com
Business
Affirm Holdings, Inc. (NasdaqGS: AFRM) operates as a financial technology company that provides buy now, pay later (BNPL) consumer lending services and banking products primarily through digital platforms. The company offers a range of financing solutions, including point-of-sale installment loans for online and in-store purchases; Affirm Card, a debit card with built-in BNPL functionality; savings accounts and high-yield savings products; and Affirm App for personal loans and payment management. Affirm partners with merchants across e-commerce, retail, travel, and healthcare sectors to integrate its payment options seamlessly at checkout, targeting individual consumers seeking flexible, transparent financing alternatives to credit cards. Founded in 2012 and headquartered in San Francisco, California, Affirm conducts operations across the United States, Canada, and Australia, serving millions of users and thousands of merchant partners. The company leverages proprietary machine learning algorithms for real-time credit risk assessment and fraud prevention, emphasizing no hidden fees, late charges, or compounding interest in its lending model. In recent developments, Affirm expanded its merchant partnerships with major brands such as Amazon, Walmart, and Peloton; launched new offerings including the Affirm Card Pro for businesses and enhanced international BNPL capabilities in Canada; and completed strategic acquisitions like Returnly in 2022 to bolster post-purchase experiences, with ongoing expansions into auto financing and B2B payments as of 2025.

Company News

  • Affirm Rallies 6% on $104 Price Target From BofA, Sezzle Climbs 4%, PayPal Rises 3%

  • Breakfast News: AI's New Rule – Show Me the Money!

  • SoFi Drops 4%, Affirm Falls 5% as Yields Hit Balance-Sheet Lenders, Robinhood Holds Steady

  • Affirm Stock Falls 6% on the Day Bernstein Raises Target

  • Affirm Q4 Earnings Beat on Strong GMV Growth, Rising Card Adoption

  • Affirm Drops 4% as Post-Earnings Rally Unwinds Despite 36% GMV Growth

  • Affirm CEO Sees Greater BNPL Demand as Gas Prices Climb

  • Affirm's Blockbuster Growth Still Has Legs - Premium Already Baked-In

  • Affirm Q4 Earnings Call Highlights

  • Affirm Stock: Follow Now and Buy Later or Buy Right Now?

  • Inside Affirm's Stock Rally: Strong Credit Performance and Shopify Expansion Drive Big Gains

  • Affirm Q4 Earnings Call Highlights Growth and Product Expansion

  • Affirm surges on strong outlook, CEO says high gas prices are hitting U.S. shoppers

  • Is Affirm's Australia Comeback a Meaningful Growth Catalyst?

  • Friday's First Moves: AFRM & GAP Soar on Earnings, ULTA Shows Blemish

  • Affirm stock jumps after record profit: why BofA sees a nearly 35% upside

  • Klarna Rallies 6%, Sezzle Gains 2% as Buy Now Pay Later Relief Trade Broadens, Affirm Jumps 10%

  • Why These Analysts See a ‘Breakout on Tap' for Affirm Stock

  • Klarna Stock Climbs as Affirm's Q4 Beat Lifts Buy-Now-Pay-Later Peers

  • Stock Futures on Edge as Fed Chair Warsh Takes Center Stage