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

Amazon

Shares of Affirm were up more than than 40% pre-market Monday after the buy now, pay later platform announced a partnership with Amazon on Friday.

Affirm shares soar after Amazon partnership that lets you buy expensive things in installments

Buy-now-pay-later services allow customers to make monthly installment plans on purchases of goods and services, usually with 0% interest.

Affirm soars 43% after partnering with Amazon to bring buy now, pay later service to the online retail giant

The stock price of Affirm Holdings Inc (NASDAQ: AFRM) increased by over 30% pre-market. This is why it happened.

AFRM Stock: Over 30% Increase Pre-Market Explanation

Block

There has been a sudden and very distinct shift in online shopping preferences over the past year.

2 Buy Now Pay Later Stocks

Amazon customers can soon tap a buy now, pay later (BNPL) solution via the eCommerce giant's new collaboration with Affirm, a trial move that is being tested with select companies and their customers.   “By partnering with Amazon we're bringing the transparency, predictability and affordability that Affirm provides today to the millions of people who shop […]

Amazon Moves Into BNPL Space With Affirm Partnership

Find out why the buy now, pay later specialist is on the move.

As Markets Set Records, Here's What Sent Affirm Holdings Skyrocketing After Hours Friday

The companies are testing out their partnership with select customers now, with a wide-scale rollout planned in the next few months.

Amazon will let you buy stuff now and pay for it later through a new partnership with Affirm

Amazon will offer ‘buy now, pay later' option via partnership with Affirm

Affirm Holdings Inc said on Friday it has partnered with Amazon.com Inc to make its buy now, pay later service available to certain customers of the e-commerce giant, sending its shares 43% higher after the bell.

Affirm, Amazon partner to enable pay-over-time feature

Shares of Affirm Holdings Inc (NASDAQ: AFRM), a buy-now-pay-later service, soared more than 40% after the company announced an a partnership with Amazon.com Inc (NASDAQ: AFRM). What To Know: This will be Amazon's first time allowing customers to purchase items with an installment plan.

Affirm Shares Soar On News Of Amazon Partnership

Amazon's customer base is a potential gold mine for Affirm.

The Partnership Between Amazon And Affirm Will Be Huge

Affirm Holdings Inc. shares jumped 30% in the after-hours session Friday after reports that the fintech company and Amazon would partner to allow a pay-over-time option at checkout.

Affirm stock skyrockets 30% on news Amazon to partner with buy now, pay later fintech company

Affirm stock soars 30% on report of Amazon partnership

Affirm's buy now, pay later checkout option will be available to certain Amazon customers in the U.S. starting Friday.

Amazon partners with Affirm to roll out first buy now, pay later option on the e-commerce site

SAN FRANCISCO--(BUSINESS WIRE)--Affirm (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth, today announced that its flexible payment solution will soon be available to Amazon.com customers at checkout. Amazon and Affirm are testing with select customers now, and in the coming months, Amazon plans to make Affirm more broadly available to its customers. As a result of Amazon and Affirm's partnership, select Amazon customers now have the option to split th

Amazon Partners with Affirm to Deliver Pay-Over-Time Option at Checkout

Affirm's stock is down more than 50% in 6 months. BNPL has becoming feverishly competitive with increasing players joining the fray. However, I contend this actually demonstrates the attractiveness of this opportunity.

Affirm: Now More Attractive

With a major land grab in the "buy now, pay later" space, is Affirm the next big M&A deal?

Could Affirm Be the Next Big Acquisition Target?

Stock is still down 50% from all time high. What caused the drop?

Why Did Affirm Holdings Stock Drop The First Half Of 2021? How To Interpret This Move

Shopify

Following Square's $29 billion deal for buy now, pay later leader Afterpay, Shopify's next big opportunity could be sitting right under its nose.

3 Reasons Shopify Should Buy Affirm

SentiLink, an identity verification technology startup, has raised $70 million in a Series B funding round led by Craft Ventures. Felicis Ventures, Andreessen Horowitz (a16z) and NYCA also participated in the financing, which brings the company's total raised to $85 million since its 2017 inception.

Early Affirm employees raise $70M for SentiLink, an identity verification startup

SAN FRANCISCO--(BUSINESS WIRE)--Affirm Holdings, Inc. (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth, today announced that it has closed a $500 million securitization of its point-of-sale installment loans. The issuance follows an active and successful period for Affirm, having recently been recognized as "Esoteric ABS Issuer of the Year" in the 2021 U.S. Securitization Awards announced by GlobalCapital. The transaction marks Affirm's third securiti

Affirm Completes $500 Million Asset-Backed Securitization to Support Continued Growth

Apple

There's never a slow moment in the buy now, pay later (BNPL) race, or even much of a lull between news events at this point. Just days after Square announced plans to acquire Australian BNPL giant Afterpay, Apple and Affirm broke the latest bit of segment-shaking news, announcing their pair-up to bring BNPL to the Canadian […]

Apple And Affirm Pair Up As The Buy Now, Pay Later Race Goes Global

Affirm remains a contender in an increasingly crowded buy now, pay later industry.

Down Almost 55%, Is This Buy Now, Pay Later Stock Worth Buying?

Affirm and Apple are teaming to bring the buy now, pay later purchase option to the iPhone maker's Canadian sales. The news comes as the AFRM stock price is down more than half year to date.

AFRM Stock: The Big BNPL Deal Keeping Affirm in the Spotlight

Apple intends to roll out a Buy Now, Pay Later (BNPL) service in Canada with Affirm's PayBright, according to Bloomberg, which sees the big tech giant branching out into other financial services. The program will be for sales of Apple devices in Canada.

News for Affirm Stock (AFRM)