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

Buy now pay later (BNPL) giant Affirm boosted its business performance outlook for the third quarter and full-year 2022 from its original guidance released on Feb. 10, according to a company press release on Monday (March 14).   The company said its fiscal quarter-to-date financial performance “exceeded expectations,” with strong gross merchandise volume (GMV) growth driven […]

BNPL Firm Affirm Boosts Outlook, Credits Partnerships Boosting GMV

Affirm Holdings Inc (NASDAQ: AFRM) is trading lower Monday after raising guidance, which showed company expectations still remain below analyst estimates.  Affirm said it expects fiscal third-quarter revenue to be at least $335 million, which is up from previous.

Why Affirm Shares Are Falling

New York, New York--(Newsfile Corp. - March 14, 2022) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Affirm Holdings, Inc. (NASDAQ: AFRM) on February 10, 2022 after the Company sent a Tweet concerning its Second Quarter 2022 financial results at approximately 1:15 P.M. EST (the "Class Period"), of the important April 29, 2022 lead plaintiff deadline.SO WHAT: If you purchased Affirm securities during the Class Period...

AFRM SHAREHOLDER ALERT: ROSEN, A RANKED AND LEADING FIRM, Encourages Affirm Holdings, Inc. Investors with Losses to Secure Counsel Before Important Deadline in Securities Class Action - AFRM

An upbeat revenue outlook can't stop Affirm stock from tumbling. The shares have fallen about 70% in 2022.

Affirm Just Raised Its Guidance. But the Stock Can't Stop Its Plunge.

SAN FRANCISCO--(BUSINESS WIRE)--Affirm Holdings, Inc. (NASDAQ: AFRM) (“Affirm” or the "Company”), the payment network that empowers consumers and helps merchants drive growth, today provided an update on its business performance, including its current funding capacity and availability, and raised the Company's third quarter and full year fiscal 2022 financial outlook. Updated Business Performance and Financial Outlook The Company's fiscal quarter-to-date financial performance has exceeded expec

Affirm Provides Business Performance Update

Affirm Holdings Inc. boosted its outlook Monday as the buy-now, pay-later company said that it's seen better-than-expected performance thus far in the March quarter.

Affirm boosts outlook but stock falls

Radnor, Pennsylvania--(Newsfile Corp. - March 14, 2022) - The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that a securities class action lawsuit has been filed against Affirm Holdings, Inc. ("Affirm") (NASDAQ: AFRM). The action charges Affirm with violations of the federal securities laws, including omissions and fraudulent misrepresentations relating to the company's business, operations, and prospects. As a result of Affirm's materially misleading statements to the public, Affirm's investors...

AFRM EQUITY ALERT: Kessler Topaz Meltzer & Check, LLP Announces that a Securities Fraud Class Action Lawsuit filed Against Affirm Holdings, Inc

With Affirm facing tough competition, the company has had to tremendously boost its spending. For AFRM stock, there's no hope on the horizon.

Affirm Stock Will Suffer From Profitability Woes for the Foreseeable Future

New York, New York--(Newsfile Corp. - March 13, 2022) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Affirm Holdings, Inc. (NASDAQ: AFRM) on February 10, 2022 after the Company sent a Tweet concerning its Second Quarter 2022 financial results at approximately 1:15 P.M. EST (the "Class Period"), of the important April 29, 2022 lead plaintiff deadline.SO WHAT: If you purchased Affirm securities during the Class Period...

ROSEN, TRUSTED INVESTOR COUNSEL, Encourages Affirm Holdings, Inc. Investors with Losses in Excess of $100K to Secure Counsel Before Important Deadline in Securities Class Action - AFRM

RADNOR, Pa. , March 12, 2022 /PRNewswire/ -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com)  informs investors that a securities class action lawsuit has been filed against Affirm Holdings, Inc. ("Affirm") (NASDAQ: AFRM).

Securities Class Action Reminder: Kessler Topaz Meltzer & Check, LLP Reminds Affirm Holdings, Inc. Investors of Upcoming Deadline in Securities Fraud Class Action Lawsuit

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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 fireside chat at the BofA Securities Virtual Electronic Payments Symposium on Tuesday, March 22, 2022. The discussion will begin at 5:15PM ET. The fireside chat will be webcast live on the Company's investor relations website at https://investors.affirm.com/. A replay of the webcast wi

Affirm to Participate in the BofA Securities Virtual Electronic Payments Symposium on March 22, 2022

NEW YORK--(BUSINESS WIRE)--Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against Affirm Holdings, Inc. ("Affirm" or "the Company") (NYSE: AFRM) and certain of its officers, on behalf of shareholders who purchased or otherwise acquired Affirm securities February 11, 2021, and February 10, 2022, inclusive (the “Class Period”). Such investors are encouraged to join this case by visiting the firm's site: www.bgandg.com/afrm. This class action s

Bronstein, Gewirtz & Grossman, LLC Notifies Affirm Holdings, Inc. (AFRM) Investors of Class Action and Encourages Investors to Contact the Firm

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 Friday, March 18, 2022. The discussion will be moderated by Ramsey El-Assal from Barclays and will begin at 8:00 AM Pacific 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 March 18, 2022

NEW YORK , March 10, 2022 /PRNewswire/ -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Affirm Holdings, Inc. (NASDAQ: AFRM) on February 10, 2022 after the Company sent a Tweet concerning its Second Quarter 2022 financial results at approximately 1:15 P.M. EST (the "Class Period"), of the important April 29, 2022 lead plaintiff deadline.

ROSEN, A TRUSTED AND LEADING LAW FIRM, Encourages Affirm Holdings, Inc. Investors with Losses in Excess of $100K to Secure Counsel Before Important Deadline in Securities Class Action - AFRM

Affirm Holdings, Inc. (AFRM) Presents at Morgan Stanley Technology, Media, and Telecom Broker Conference Call - (Transcript)

New York, New York--(Newsfile Corp. - March 9, 2022) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Affirm Holdings, Inc. (NASDAQ: AFRM) on February 10, 2022 after the Company sent a Tweet concerning its Second Quarter 2022 financial results at approximately 1:15 P.M. EST (the "Class Period"), of the important April 29, 2022 lead plaintiff deadline.SO WHAT: If you purchased Affirm securities during the Class Period...

AFRM LOSS ALERT: ROSEN, A LONGSTANDING LAW FIRM, Encourages Affirm Holdings, Inc. Investors with Losses in Excess of $100K to Secure Counsel Before Important Deadline in Securities Class Action - AFRM

Radnor, Pennsylvania--(Newsfile Corp. - March 9, 2022) - The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that a securities class action lawsuit has been filed against Affirm Holdings, Inc. ("Affirm") (NASDAQ: AFRM). The action charges Affirm with violations of the federal securities laws, including omissions and fraudulent misrepresentations relating to the company's business, operations, and prospects. As a result of Affirm's materially misleading statements to the public, Affirm's investors...

AFRM CLASS ACTION: Kessler Topaz Meltzer & Check, LLP Reminds Affirm Holdings, Inc. Shareholders of Securities Fraud Class Action Lawsuit

AFRM stock is on a downtrend, but a comeback could be imminent as Affirm provides its flexible payment solutions through a well-known browser. The post Affirm Still Doesn't Reflect Its Payment Network's Growth appeared first on InvestorPlace.

Affirm Still Doesn't Reflect Its Payment Network's Growth

NEW YORK , March 8, 2022 /PRNewswire/ -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Affirm Holdings, Inc. (NASDAQ: AFRM) on February 10, 2022 after the Company sent a Tweet concerning its Second Quarter 2022 financial results at approximately 1:15 P.M. EST (the "Class Period"), of the important April 29, 2022 lead plaintiff deadline.

ROSEN, A TOP RANKED FIRM, Encourages Affirm Holdings, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action - AFRM

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New York, New York--(Newsfile Corp. - March 7, 2022) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Affirm Holdings, Inc. (NASDAQ: AFRM) on February 10, 2022 after the Company sent a Tweet concerning its Second Quarter 2022 financial results at approximately 1:15 P.M. EST (the "Class Period"), of the important April 29, 2022 lead plaintiff deadline.SO WHAT: If you purchased Affirm securities during the Class Period...

ROSEN, RECOGNIZED INVESTOR COUNSEL, Encourages Affirm Holdings, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action - AFRM

Since the pre-release of second-quarter earnings in February, Affirm Holdings' stock has lost roughly half of its value.

Affirm: A Victim Of The Tech Wreck But I Am Buying More

Radnor, Pennsylvania--(Newsfile Corp. - March 5, 2022) - The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that a securities class action lawsuit has been filed against Affirm Holdings, Inc. ("Affirm") (NASDAQ: AFRM). The action charges Affirm with violations of the federal securities laws, including omissions and fraudulent misrepresentations relating to the company's business, operations, and prospects. As a result of Affirm's materially misleading statements to the public, Affirm's investors...

Investor Reminder: Kessler Topaz Meltzer & Check, LLP Reminds Investors of Securities Fraud Class Action Lawsuit Filed Against Affirm Holdings, Inc

The "buy now, pay later" company continues to struggle.

News for Affirm Stock (AFRM)