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
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Forbes
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Amazon

BYD Company Limited

Li Auto Inc.

Microsoft

NVIDIA

SoFi Technologies

The start of a new year is the time to take a look at your portfolio and make the necessary changes. While it may not be possible for you to sell stocks unless you are making a profit on them, it can certainly be possible for you to keep a watch on the best stocks of 2024 that have the potential to make big gains this year.

The 7 Best Stocks to Invest In for Big Gains in 2024

Apogee Therapeutics Inc

Bristol-Myers

Instacart (Maplebear Inc.)

Confluent

Cargo Therapeutics Inc

Structure Therapeutics Inc

Palo Alto Networks

RayzeBio Inc

Snap

Among 2023 IPOs, one of the top performers was RayzeBio Inc. NASDAQ: RYZB, a biotech that's out of play now because it's being acquired by Bristol Myers Squibb Co. NYSE: BMY.

IPO watch 2024: Which new stocks will hit the market?

Bank of America

Fiserv

MercadoLibre

Nu Holdings

PayPal

Visa

In the ever-shifting terrain of the financial sector, fintech stocks have emerged as both a turbulent and transformative force. These stocks, imperative in the digital overhauling of financial systems, continue to captivate investors.

Fintech Frontiers: 7 Innovative Stocks Reshaping Finance in 2024

The company boasts nearly 17 million active customers and has seen gross merchandise volume top $21 billion through the end of September.

Is AFRM Stock A Buy Now? What Affirm's Fundamentals, IBD Ratings, Stock Chart Say

Financial technology has become the focal point of our economy. Consumers are losing faith in traditional banks and fintech companies are making the most of it.

The 3 Hottest Fintech Stocks to Watch in 2024

Investors interested in Business - Services stocks are likely familiar with APi (APG) and Affirm Holdings (AFRM). But which of these two companies is the best option for those looking for undervalued stocks?

APG vs. AFRM: Which Stock Is the Better Value Option?

Wall Street analysts seem to like buy-now-pay-later services company Affirm Holdings Inc., but most of them expect the stock to pull back — a lot — in 2024 after rocketing more than five-fold this year.

Affirm's stock could fall 40% in 2024 after soaring 400% this year, analysts say

In 2023, Affirm outperformed all U.S. tech companies valued at $5 billion or more.

Affirm's stock quintupled this year, beating all tech peers, on buy now, pay later boom

Etsy

Morgan Stanley (NYSE: MS), one of the biggest players in Wall Street, released its long and short ideas for 2024. The company is broadly bearish on US equities in 2024 even as investors brace for key tailwinds like earnings growth and low interest rates.

Short Affirm (AFRM) and Etsy stocks in 2024: Morgan Stanley

Coinbase

Installed Building Products

Stocks are looking to end 2023 on a high note, with green widespread over the last several weeks. The recent strength is undoubtedly encouraging, leaving investors hopeful that the positive price action will spill over as we turn the calendar.

These 3 Stocks Enjoyed a Red-Hot December

American Public Education

Barrett Business Services

As we are lined up for a strong year-end rally, investing in growth stocks such as American Public Education (APEI), Affirm (AFRM), Barrett Business Services (BBSI) and 8x8 (EGHT) seems prudent.

4 Stocks to Make the Most of the Santa Claus Rally

The financial technology sector is highly dynamic, and it is growing at a rapid pace. With the adoption of digital assets, cashless payments, and cryptocurrencies, fintech companies are booming.

Fintech Innovators: 3 Stocks Disrupting Traditional Banking

Buy-now-pay-later (BNPL) platform provider Affirm Holdings Inc. NASDAQ: AFRM stock is up 439% year-to-date (YTD). If you're wondering if this business services sector company released blockbuster revenues and an earnings blowout, they didn't.

Affirm Holdings: Time to ring the register?

Carvana

Upstart Holdings

As the overall market edges closer to its all-time high, with the SPDR S&P 500 ETF Trust NYSE: SPY trading at its 52-week high, highly shorted, previously beaten-down stocks have been a significant theme and area of focus for investors and traders.

Will these 3 heavily shorted stocks keep squeezing?

Walmart

Headed into the last week of the year — a shortened week due to the holidays — the FinTech IPO Index gained 8%. BNPL Bounce Continues  Affirm shares gathered 6.9%, with a continued bounce on positive sentiment and partnerships surrounding buy now, pay later.

FinTech IPO Index Surges 8% as Affirm Gets a Bump on Walmart BNPL Deal

Blackrock Inc

Zscaler

Certain stocks have experienced exponential growth over the past year. Sectors such as buy now pay later, cryptocurrencies, and cybersecurity remain red hot.

3 Growth Stocks to Buy and Hold: Experts Agree on These Picks

Not everyone pays cash when they go to a store. A large number of people use credit cards.

Walmart's Buy Now, Pay Later

Apple

Adobe

Alphabet

Shopify

Block

BNPL transactions reportedly climbed 17% year over year early this holiday season, rising more than 42% on Cyber Monday alone. The fast-growing BNPL industry has several large players, but also room for multiple winners.

Buy Now, Pay Later (BNPL) Stocks Could Be the Biggest Winners This Holiday Season

Affirm (AFRM) strengthens ties with Walmart and makes its financing solutions available across an extensive network of self-checkout kiosks of the retailer and thereby, earn higher fees in return.

Affirm (AFRM) Adds Financing Options at Walmart's Self-Checkouts

Affirm (NASDAQ: AFRM ) stock soared more than 15% yesterday after the company expanded its “buy now, pay later” (BNPL) deal with Walmart (NYSE: WMT ). But with Affirm facing a tremendous amount of competition and still losing a great deal of money, the outlook for AFRM stock is uncertain at best.

News for Affirm Stock (AFRM)