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 Holdings Inc. offers a unique value proposition in the buy-now-pay-later market, with a recent partnership with Amazon expected to boost transaction volume and revenue growth. AFRM faces challenges from competitors and inconsistent financial performance, but its commitment to customer service and innovation may help it navigate these obstacles. Affirm's stock may be a promising addition to investors' portfolios looking for exposure to the rapidly growing fintech sector, but its ability to turn growth strategy into sustainable profitability will be crucial for long-term success.

Affirm: The Future Of Fintech?

Affirm Holdings continued its decline in Thursday pre-market trading after broker BTIG initiated coverage on the company with a sell rating and $10 price target.  After sinking 9.1% on Wednesday, shares of the San Francisco-headquartered technology company were 2.5% down at $16.61 ahead of the market open.

Affirm set to continue decline following analyst 'Sell' rating

Shares of Affirm Holdings Inc. AFRM were losing 8% in Wednesday's session after BTIG analyst Lance Jessurun initiated coverage of the buy-now-pay-later operator's stock with a sell rating and $10 target price. “Our biggest concern is the pace at which expenses are outpacing revenue growth,” he wrote in his note to clients.

Affirm stock sinks after BTIG makes bearish call, seeing room for 40% downside

Affirm Holdings, Inc. (NASDAQ:AFRM ) RBC Capital Markets 2023 Financial Technology Conference June 13, 2023 8:00 AM ET Company Participants Rob O'Hare - Senior Vice President, Finance Conference Call Participants Dan Perlin - RBC Capital Markets Dan Perlin Good morning, everyone. My name is Dan Perlin, I head up the fintech practice here at RBC, and let me just say thank you so much for joining us today.

Affirm Holdings, Inc. (AFRM) RBC Capital Markets 2023 Financial Technology Conference (Transcript)

Affirm Holdings, Inc. (NASDAQ:AFRM ) CFO Fireside Chat Transcript June 12, 2023 10:30 AM ET Company Participants Michael Linford - Chief Financial Officer Conference Call Participants Matthew O'Neill - Co-Director of Research and Managing Director, FT Partners Craig Maurer - Co-Director of Research and Managing Director, FT Partners Michael Linford Good morning, everyone. And thank you for dialing into our quarterly conversation.

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

Affirm (NASDAQ: AFRM) stock price has made a strong recovery in the past few months as technology shares jump and FOMO mood sets in. The shares jumped to $19.26, the highest level since February 3rd of this year.

Affirm stock price could form a rare golden cross pattern soon

Affirm Holdings, Inc. (NASDAQ:AFRM ) Bank of America 2023 Global Technology Conference June 8, 2023 1:40 PM ET Company Participants Michael Linford - Chief Financial Officer Conference Call Participants Jason Kupferberg - Bank of America Jason Kupferberg Hi everyone. I'm Jason Kupferberg, the payments, processors and IT services analyst here at Bank of America.

Affirm Holdings, Inc. (AFRM) Bank of America 2023 Global Technology Conference Transcript

Affirm Holdings, Inc. AFRM shares gained on Wednesday after Amazon.Com Inc's AMZN Amazon Pay allowed merchants to offer Affirm's pay-over-time options to their customers at checkout.

Affirm Stock Sees Bullish Options Activity As Amazon Pay Incorporates Pay-Over-Time Service

Amazon

You'll be able to pay for more things over time, in installments.

Amazon Pay Adds Affirm's Buy Now, Pay Later Option

Amazon has added Affirm's pay-over-time option to Amazon Pay. With this addition, eligible United States merchants using Amazon Pay can allow their customers to choose the pay-over-time option at checkout, the companies said in a Wednesday (June 7) press release.

Amazon Pay Adds Affirm's Pay-Over-Time Option

Affirm Holdings Inc (NASDAQ: AFRM) is trading up today after the financial technology company doubled down on working with Amazon.com Inc (NASDAQ: AMZN). Affirm already had an affiliation with Amazon On Wednesday, the California-based company said U.S. merchants who use Amazon Pay will now be able to add its “Adaptive Checkout” as a payment option.

Affirm doubles down on its partnership with Amazon

After incurring wild swings since its public market debut in 2021, shares of financial technology (fintech) company Affirm (NASDAQ: AFRM ) jumped higher thanks to a payment option partnership with e-commerce giant Amazon (NASDAQ: AMZN ). Following the news early Wednesday morning, AFRM stock popped up around 8%.

AFRM Stock Alert: Amazon Pay Adds Affirm's Buy Now, Pay Later Service

Shares of Affirm Holdings Inc. were flying 13% higher in Wednesday trading after the buy-now-pay-later operator saw its relationship with Amazon.com Inc. expand.

Affirm's stock roars higher after expanded Amazon rollout

Amidst a recovery in the tech sector driven by AI-hype, Affirm has been a surprise beneficiary. This comes even as top-line growth slows dramatically due to the tough macro environment. Management remains committed to achieving non-GAAP profitability on a sustainable basis.

Affirm: Is It Just Hype? Stock Rises On Amazon Pay Inclusion

The companies announced that eligible U.S. merchants offering Amazon Pay can now add Affirm as a payment option at checkout.

Affirm Stock Soars as Investors Buy Now and Can Thank Amazon Later

SAN FRANCISCO--(BUSINESS WIRE)--Amazon and Affirm (NASDAQ: AFRM), announced today that eligible U.S. merchants offering Amazon Pay can now seamlessly add Affirm's Adaptive Checkout™ as a payment option at checkout. This brings Affirm's pay-over-time technology, used by millions of customers on Amazon.com and the Amazon mobile app, to Amazon Pay's simple and secure payment solution. “We know customers want convenient and flexible payment options—whether they're checking out on Amazon.com or usin.

Amazon Pay Adds Affirm, Providing Customers and Merchants with Another Flexible Payment Option

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7 Dangerous Tech Stocks to Avoid at All Costs in June

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, June 12, 2023. The discussion will be moderated by Craig Maurer from FT Partners and will begin at 10:30 AM Eastern Time. The event will be webcast live on the Company's investor relations website at https://investors.affirm.com and management will.

Affirm to Webcast CFO Fireside Chat on June 12, 2023

DETROIT--(BUSINESS WIRE)--Sharrow Marine, the industry leader in high-performance propeller design, is proud to announce its partnership with Affirm, the payment network that empowers consumers and helps merchants drive growth, to offer consumers a new, flexible, and transparent way to pay over time for high-performance propellers. When paying with Affirm, approved customers can divide their purchases into manageable monthly payments, with complete transparency as the amount they agree to pay u.

Revolutionary Sharrow Propellers Now Available with Financing Through Affirm Partnership

Fidelity National Information

SAN FRANCISCO--(BUSINESS WIRE)--Affirm (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth, and global financial technology leader Worldpay from FIS® (NYSE: FIS), today announced a multi-year partnership that will make Affirm's Adaptive Checkout™ available to all eligible Worldpay merchants. Starting today, Worldpay merchants can offer Affirm's Adaptive Checkout and provide eligible consumers with bi-weekly and monthly payment options with just a few sim.

Worldpay From FIS and Affirm Team up to Expand Pay-Over-Time Solutions That Help Merchants Drive Growth

Affirm Holdings, Inc. (NASDAQ:AFRM ) 51st Annual J.P. Morgan Global Technology, Media and Communications Conference May 23, 2023 3:15 PM ET Company Participants Max Levchin - Founder and Chief Executive Officer Conference Call Participants Reggie Smith - JPMorgan Reggie Smith Hello.

Affirm Holdings, Inc. (AFRM) Presents at 51st Annual J.P. Morgan Global Technology, Media and Communications Conference (Transcript)

Affirm Holdings, Inc. (NASDAQ:AFRM ) SVB MoffettNathanson's Inaugural Technology, Media and Telecom Conference May 18, 2023 2:00 PM ET Company Participants Brooke Major-Reid - Chief Capital Officer Rob O'Hare - Senior Vice President Conference Call Participants Eugene Simuni - MoffettNathanson Eugene Simuni We'll get going for our next session. We are very excited to have Affirm with us for the next hour, and we have Brooke and Rob.

Affirm Holdings, Inc. (AFRM) SVB MoffettNathanson's Inaugural Technology, Media and Telecom Conference (Transcript)

Affirm (NASDAQ: AFRM) stock price has crawled back in the past few days after the company published its financial results earlier this month. AFRM shares jumped to a high of $13.40 on Wednesday, the highest point in more than two months.

Affirm stock price has 2 key risks: here' why I'm buying anyway

Affirm Holdings, Inc. (NASDAQ:AFRM ) Barclays Emerging Payments & FinTech Forum May 17, 2023 4:10 PM ET Company Participants Michael Linford - CFO Conference Call Participants Brooke Major-Reid - Chief Capital Officer Rob O'Hare - SVP of Finance Michael Linford Okay. Last but certainly not least, we have Affirm joining us today, Brooke Major-Reid, Chief Capital Officer, Rob O'Hare, SVP of Finance.

Affirm Holdings, Inc. (AFRM) Barclays Emerging Payments & FinTech Forum (Transcript)

Asana

Chegg

As inflation remains stubborn, interest rates squeeze the economy and the financial sector embroils in turmoil, most investors have become bearish. However, the saying “Be greedy while others are fearful” could be applicable here.

News for Affirm Stock (AFRM)