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

Affirm's (AFRM) fiscal 2024 revenues, as a percentage of GMV, are expected to align closely with the fiscal 2023 level of 7.9%.

Analyzing Affirm (AFRM) Stock: Is Buy Strategy the Right Move?

Rollins

Block

The services sector is finally making a rebound which is likely to help stocks like Affirm Holdings, Inc. (AFRM), APi Group Corporation (APG), Block, Inc. (SQ) and Rollins, Inc. (ROL).

4 Stocks to Buy on Solid Jump in Services Sector Activity

A top U.S. banking regulator on Wednesday warned banks to manage the risks to consumers posed by increasingly popular "buy now, pay later" financing for retail spending, saying the service creates pitfalls for retail shoppers.

US banking regulator warns on risks of 'buy now, pay later'

SoFi Technologies

Visa

Unlike tech stocks, fintech has had a good year so far. The bank collapse pushed consumers toward fintech companies that are steady and considered reliable.

Fintech Favorites- 3 Stocks Eyeing a December Growth Spurt

Celsius Holdings

Coinbase

Copart

PACCAR

Five Nasdaq Composite listed non-technology stocks that have provided more than 40% returns year to date are: CELH, CPRT, COIN, PCAR, AFRM.

Top 5 Non-Tech Nasdaq Composite Winners With More Upside Left

And now, we're back to the regularly scheduled stock market volatility. The short trading week is behind us, and so is Thanksgiving and Black Friday.

FinTech IPO Index Gains 4.3%, Affirm Jumps on BNPL's Black Friday Popularity

Affirm's stock has experienced significant volatility but has shown strong growth potential with its partnership with Amazon and Shopify. A significant portion of Affirm's profit comes from merchant service fees rather than interest income, showcasing greater cost efficiency compared to competitors. Affirm mitigates risks through strategic partnerships and is expanding its ecosystem by introducing products like a branded debit card.

Affirm: A Fintech Underdog's Rise In A Competitive Landscape

Affirm Holdings, Inc. (NASDAQ:AFRM ) 2023 UBS Global Technology Conference Call November 29, 2023 2:55 PM ET Company Participants Michael Linford - Chief Financial Officer Conference Call Participants Jill Shea - UBS Unidentified Analyst Great. Welcome, everyone, to the afternoon session here at the second day of the 27th Annual Global Technology Conference.

Affirm Holdings, Inc. (AFRM) 2023 UBS Global Technology Conference (Transcript)

Affirm's (AFRM) extensive reach will help the company to witness higher GMV and transactions.

Affirm (AFRM) Rises 12% on BNPL Report: What You Should Know

While Affirm Holdings Inc. shares are up some 200% so far this year, they've lost about half their value since early February 2022. But a Jefferies analyst doesn't see more downside in the picture.

Affirm's stock wins over a former skeptic as BNPL trends seem to be improving

PayPal

Online shoppers spent a record $9.8 billion on Black Friday. Over the next two days, ‘Cyber Weekend', they spent an additional $10.3 billion.

Buy now, pay later stocks are a hot holiday item

Etsy

Nintendo

Shopify

Wayfair

The holiday spending spree gathered pace over the weekend and Cyber Monday is set to break records as consumers continue to hunt discounts.

Cyber Monday Shopping Set to Break Records. These Stocks Are Rising.

Affirm Holdings is a fintech startup experiencing impressive growth, driven by its Affirm Card that combines instant payment capability with pay later functionality. The company's gross merchandise value (GMV) is steadily increasing, supporting its value proposition and pushing it towards profitability. The technical situation of Affirm Holdings is positive, with the stock recently breaking out above the 50-day moving average line, indicating potential for further growth.

Affirm Holdings Might Be Set For A Breakout

Affirm (NASDAQ: AFRM) stock price is doing well this week as investors cheer the performance of Black Friday and Cyber Monday. The shares surged by more than 11% on Monday to reach its highest point since August 2022.

Affirm stock price forecast: AFRM shares could jump by 40%

Amazon

Jumia

Black Friday stocks are the talk of Wall Street after the commercial holiday recorded yet another record-setting year. Indeed, a number of commerce stocks are in the green today after indicators showed that U.S. Black Friday sales increased 2.5% from last year, per Mastercard SpendingPulse.

Black Friday and Cyber Monday Take AFRM, SHOP, AMZN, JMIA Stocks Higher

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 Monday, December 11, 2023. The discussion will be moderated by Kevin Barker from Piper Sandler and will begin at 11:00 AM Eastern Time. The event will be webcast live on the Company's investor relations website at https://investors.affirm.com, and managemen.

Affirm to Webcast CFO Fireside Chat on December 11, 2023

Affirm stock climbed on Monday after an Adobe Analytics report showed "buy now, pay later" (BNPL) purchases were up by 20% year over year over the holiday weekend. The fintech company is one of the most widely integrated BNPL service providers in the U.S. Affirm is slated to release its holiday-quarter results in early February.

Why Affirm Holdings Stock Popped Today

Here is how Affirm Holdings (AFRM) and AppLovin (APP) have performed compared to their sector so far this year.

Is Affirm (AFRM) Stock Outpacing Its Business Services Peers This Year?

Blink Charging

Citigroup

GrowGeneration Corp

Robinhood

Children's Place

Markets are back in the swing of things, as last week's close marked a 7% surge since October's low. Though investors are thankful for these Thanksgiving stocks, you should still trim these turkeys from your portfolio.

7 ‘Turkey' Stocks to Pluck from Your Portfolio BEFORE Thanksgiving

Best Buy

Goldman Sachs

The 2023 holiday shopping season has arrived, and more consumers will be doing their shopping online. While nearly every store now has an online presence with omnichannel capabilities, certain stocks can benefit directly from e-commerce activity during this season.

Here's your e-commerce stock bundle for the holidays

Affirm's stock surged after its latest earnings report. It raised its gross merchandise volume and operating margin guidance for the full year.

Is It Too Late to Buy Affirm Holdings Stock?

Affirm Holdings is up after crushing analysts' expectations and raising its forecast. The buy now, pay later company benefited from its partnerships with Amazon and Shopify last quarter.

After Crushing Expectations Once Again, This Payments Stock is Up 170% This Year. Can it Keep Winning?

Buy now, pay later (BNPL) company Affirm expects an increase in demand for its short-term consumer loans if interest rates remain high for an extended period. Affirm's product is perceived differently by consumers compared to traditional loans, Michael Linford, the company's chief financial officer, told The Wall Street Journal (WSJ) in an interview published Tuesday (Nov. 14).

Affirm Says High Interest Rates Drive Demand for BNPL

Investors looking for stocks in the Business - Services sector might want to consider either APi (APG) or Affirm Holdings (AFRM). But which of these two stocks offers value investors a better bang for their buck right now?

APG or AFRM: Which Is the Better Value Stock Right Now?

Buy now, pay later (BNPL) company Affirm continues to see demand from investors, reportedly defying earlier concerns about rising interest rates affecting all BNPL lenders. Unlike traditional banks, BNPL providers rely on the market to obtain funds for offering small loans and installment plans to shoppers, exposing them to the cost of increasing interest rates.

News for Affirm Stock (AFRM)