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

Goldman Sachs

Apple Inc (NASDAQ: AAPL) and Goldman Sachs Group Inc (NYSE: GS) jointly launched a Buy Now, Pay Later (BNPL) service. Affirm Holdings Inc's (NASDAQ: AFRM) shares lost 10% on the news, Truist analyst Andrew Jeffrey noted.

Truist Reiterates Buy On Affirm Holdings Amid Apple-Goldman BNPL Partnership

Affirm was a hot IPO from earlier this year, but is now below its IPO price, at 52-week lows. There is fear of competition in the buy now, pay later space, and tech giant Apple is now getting involved.

Affirm: When Fear Creates Opportunity

The stock price of Affirm Holdings Inc (NASDAQ: AFRM) fell 10.45% today. This is why it happened.

AFRM Stock Fell 10.45%: Why It Happened

Affirm, a fintech, already offers a service similar to what Apple has on the drawing board—paying for purchases in installments over time.

Affirm Swoons on Report That Apple Is Mounting Challenge in 'Buy Now Pay Later' Market

The payments stock fell on news that Apple was launching a rival product.

Why Affirm Holdings Stock Was Sinking Today

Apple

Shares of Affirm Holdings Inc. and U.S.-listed shares of Afterpay Ltd. slipped in Tuesday trading after Bloomberg reported that Apple Inc. plans a feature that would let people make purchases in installments, which would put the smartphone giant in direct competition with the buy-now pay-later providers.

Apple reportedly planning buy-now, pay-later option; Affirm and Afterpay shares drop

The report is the latest sign that Apple wants to offer additional financial services through its Wallet app and partnerships with financial firms.

Affirm shares fall on report Apple is working with Goldman Sachs to offer buy now, pay later service

PagSeguro Digital

Upstart Holdings

Fintech is a major secular growth theme that can be played through the public markets. I've introduced three businesses expressing Fintech trends that I'm currently long. #1 Upstart uses modern data science to solve accuracy in determining credit risk. The results appear to be game-changing. Hyper-growth, GAAP Profitable, and disruptive.

3 Stock Ideas To Go Long Fintech

The buy now, pay later lender recently added a major new client.

Why Affirm Holdings Rose 10.8% in June

Despite enormous potential revenue from Shopify's merchant pool, Affirm's stock hasn't taken off. Some key deal points might explain why.

Is Affirm's Deal With Shopify Too Good to Be True?

MercadoLibre

Find out what lifted their share prices on Thursday.

These 2 Top Nasdaq Fintech Stocks Are Playing to Win

Shopify

Companies plan to offer buy-now, pay-later option to 'hundreds of thousands' of Shopify merchants as partnership progresses.

Shopify and Affirm launch broad rollout of installment payments

SAN FRANCISCO--(BUSINESS WIRE)--Affirm Holdings, Inc. (NASDAQ: AFRM), today announced that Michael Linford, CFO, will virtually participate in a fireside chat at the RBC Capital Markets Financial Technology Conference on Thursday, June 17, 2021. The discussion will begin at 1:20 PM ET. This fireside chat will be webcast live on the Company's investor relations website at https://investors.affirm.com/. A replay of the webcast will be available for a limited period of time following the conferenc

Affirm to Participate in the RBC Capital Markets Financial Technology Conference

The payments company posted a big loss in the quarter, but its partnership with Shopify has me optimistic.

Is Now The Time to Buy Affirm?

Shares of the buy now/pay later specialist slipped after it reported earnings.

Why Affirm Holdings Stock Fell 14% in May

Affirm Holdings (NASDAQ:AFRM) has observed the following analyst ratings within the last quarter: Last 30 Days 1 Month Ago 2 Months Ago 3 Months Ago Bullish 0 2 1 0 Somewhat Bullish 0 2 1 0 Indifferent 0 2 1 2 Somewhat Bearish 0 0 0 0 Bearish 0 0 0 0 In the last 3 months, 20 analysts have offered 12-month price targets for Affirm Holdings. The company has an average price target of $102.7 with a high of $160.00 and a low of $56.00.

What 20 Analyst Ratings Have To Say About Affirm Holdings

Affirm Stock Could Surge 17% to $71, According to This Analyst

The shares of Affirm Holdings Inc (NASDAQ: AFRM) have received a price target increase from $63 to  $71 From BofA Securities. These are the details.

AFRM Stock Price: $71 Target From BofA Securities

SAN FRANCISCO--(BUSINESS WIRE)--Affirm, the payment network that empowers consumers and helps merchants drive growth, today unveiled a new campaign to help make post-pandemic travel accessible and affordable. Throughout the month of June consumers can submit an original photo of one of their favorite travel memories and be entered to win $5,000 toward their next vacation. Each week of the campaign will have a theme, inspired by the travels of: Film star and travel enthusiast Henry Golding, who

Affirm Fulfills Pent Up Wanderlust By Awarding $5,000 Prizes to Put Towards a Vacation Every Week in June

AFRM stock has no help from fundamental metrics. Investors are too scared to engage so the long-term entry opportunity is right here and now.

Affirm Stock Has a Long Road to Recovery But It's Coming

Buy now, pay later is everywhere these days, mostly focused on the consumer. Resolve — a San Francisco-based startup in the space specializing in “buy now, pay later” capabilities for B2B transactions — announced today that it has raised $60 million in funding.

Affirm spinout Resolve raises $60M for its B2B ‘buy now, pay later' platform

PayPal

Block

Is the buy now, pay later fintech a smart stock to buy?

Should You Buy Affirm, or Are Square and PayPal Better Investments?

Growth is back, and these innovators are on the rise.

These 2 Nasdaq Fintechs Have Investors Excited on Thursday

Mastercard

Visa

The hassle-free and comfortable buy now pay later payment method is gaining wide acceptance among customers, merchants and other stakeholders, thereby making it a thriving industry.

Buy Now Pay Later Solution Catching Up Fast: 3 Stocks to Gain

The buy now, pay later business delivers more revenue, but much greater losses in the fiscal third quarter.

News for Affirm Stock (AFRM)