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

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Earnings data Q1 2022

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Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

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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

The partnership with INTERMIX is expected to boost Affirm's (AFRM) merchandise volume.

Affirm (AFRM) Partners With INTERMIX Ahead of Holiday Season

Amazon

Payment network Affirm's buy now, pay later (BNPL) option, which is currently available to Amazon customers in the United States, will soon be offered to the retailer's customers in Canada as well. Within the next month, eligible customers on Amazon.ca will be offered BNPL in both English and French, according to a Thursday (Sept.

Affirm to Extend BNPL Option to Amazon Customers in Canada

Shares of Affirm Holdings Inc. AFRM, -3.66% were up more than 3% in premarket trading Thursday after the company announced that it would launch a buy-now-pay-later option on Amazon.com Inc.'s AMZN, -2.99% site in Canada. The company already has a relationship with Amazon in the U.S. Affirm noted in a Thursday press release that eligible Canadian Amazon shoppers will be able to split purchases into monthly installments on purchases of $50 or more.

Affirm stock heads higher as company notches BNPL deal with Amazon in Canada

SAN FRANCISCO & TORONTO--(BUSINESS WIRE)--Affirm (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth, today announced the expansion of its relationship with Amazon to Canada, bringing increased payment flexibility and transparency to customers shopping on Amazon.ca. This payment option will be available during checkout to all eligible customers in both English and French within the next month. Customers who select Affirm as a payment option during checko

Affirm and Amazon Introduce Pay-Over-Time Option to Customers in Canada

Designer fashion boutique Intermix has formed a partnership with buy now, pay later (BNPL) provider Affirm, giving customers the option to pay for clothing in installments.

Fashion Retailer Intermix Partners With Affirm for BNPL

NEW YORK & SAN FRANCISCO--(BUSINESS WIRE)--INTERMIX, the trend-setting fashion boutique for designer clothing, shoes, bags and more, announced a partnership with Affirm (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth. Eligible shoppers can choose flexible and transparent ways to pay for the designers and brands they love across INTERMIX online, in-store, and Designer Re/Mix hub. INTERMIX's Designer Re/Mix is a hub of the most established, innovative,

INTERMIX Partners with Affirm to Bring Shoppers Flexible Ways to Pay

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 Tuesday, September 27, 2022. The discussion will be moderated by Jason Kupferberg from Bank of America and will begin at 11:00 AM Pacific Time. The event will be webcast live on the Company's investor relations website at https://investors.affirm.com and ma

Affirm to Webcast CFO Fireside Chat on September 27, 2022

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A warning from FedEx is spurring recession fears across the economy, which is not good for financial stocks.

Why Upstart, SoFi, and Affirm Plunged Today

The prospect of increased regulation on Buy Now, Pay Later (BNPL) firms hasn't soured Wall Street on the space – in fact, it actually helps to build the bull case for some analysts.

Affirm Bull Case Builds Despite Tougher Regulation

Affirm Holdings, Inc. (NASDAQ:AFRM ) Autonomous Research 7th Annual Future of Commerce Symposium September 15, 2022 4:30 PM ET Company Participants Michael Linford – Chief Financial Officer Conference Call Participants Rob Wildhack – Autonomous Rob Wildhack Great. Welcome back, everyone.

Affirm Holdings, Inc. (AFRM) Autonomous Research 7th Annual Future of Commerce Symposium Transcript

PayPal

The buy now, pay later (BNPL) industry has officially gone big time. The Consumer Financial Protection Bureau (CFPB) on Thursday issued a new report on the industry, which grew by a factor of 10 between 2019 and 2021, originating 180 million loans with a value of $24 billion in 2021.

Buy Now, Pay Later Firms to Get Light Touch Federal Scrutiny

Buy now, pay later is under the regulatory microscope, but that's not a bad thing for the concept's long-term success.

Buy Now, Pay Later: As Regulators Step In, Should Investors Still Buy Block and Affirm?

The Consumer Financial Protection Bureau said Thursday that it plans to start regulating the industry. Wall Street sees it as an affirmation of the industry.

Regulators Are Coming for Affirm and Other BNPL Companies. They Don't Seem to Mind.

Source: Wirestock Creators / Shutterstock.com Affirm (NASDAQ: AFRM ) stock is a hot topic among traders on Thursday following news that CFPB plans to target “buy-now, pay-later” companies. CFPB doesn't currently monitor companies such as Affirm, but plans to as the watchdog group sees them as a risk to consumers.

AFRM Stock Alert: What to Know as Regulatory Agency Targets Buy Now, Pay Later Companies

"Buy now, pay later" companies will soon face a tighter regulatory environment.

Why Shares of Affirm Are Trading With Volatility Today

Buy now pay later stocks slipped on Thursday after a report released by the Consumer Financial Protection Bureau indicated a plan to regulate several companies.

Buy now pay later stocks slump as U.S. consumer watchdog seeks more regulatory oversight

Affirm Holdings, Inc. (NASDAQ:AFRM ) Goldman Sachs Communacopia + Technology Conference 2022 September 13, 2022 7:30 PM ET Company Participants Max Levchin - Founder & CEO Michael Linford - CFO Conference Call Participants Michael Ng - Goldman Sachs Michael Ng Great. Well, thanks everybody.

Affirm Holdings, Inc. (AFRM) CEO Max Levchin Presents at Goldman Sachs Communacopia + Technology Conference 2022 (Transcript)

Key inflation data out this morning came in hotter than expected.

Why Shares of Affirm, SoFi, and Upstart Are Falling Today

Financial-technology stocks are among the biggest losers in the tech sector Tuesday after the August consumer-price index showed a surprise monthly increase, even as the year-over-year growth rate dropped to 8.3% from 8.5%. Shares of artificial-intelligence lending company Upstart Holdings Inc. UPST, -9.60% are off 9.3% in Tuesday morning trading, while shares of buy-now-pay-later operator Affirm Holdings Inc. AFRM, -10.00% are down 8.9%.

Fintech stocks Upstart, Affirm, Block hit hard in market rout as persistent inflation continues

Affirm Holdings, Inc (NASDAQ: AFRM) surged over 10% on Friday after printing a bullish Marubozu candlestick on Thursday, which suggested the stock was likely to trade higher.

Affirm Holdings (NASDAQ:AFRM) – Why Affirm Stock Is Surging And What To Watch For Next

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The rising inflation might support demand growth for Affirm (AFRM) as consumers are relying on its payment products to buy goods and services at higher prices.

Decoding Affirm's (AFRM) 2022 Summer Spending Trend Report

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News for Affirm Stock (AFRM)