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
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Inc.
NY Times
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Washington Post

SAN FRANCISCO--(BUSINESS WIRE)--Affirm Holdings, Inc. (NASDAQ: AFRM) (“Affirm” or the "Company”), today announced a partial early lock-up release with respect to Affirm's shares of Class A common stock, par value $0.00001 per share (the “shares”), pursuant to the terms of certain lock-up agreements (“lock-up agreements”) entered into by certain of Affirm's directors, officers, greater than 1% stockholders and other stockholders (other than current non-officer employees, former employees, consul

Affirm Announces Early Lock-Up Release

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Macy's

Retailers including Macy's Inc (NYSE: M), Gap Inc (NYSE: GPS), and even higher-end chains like Neiman Marcus are making a bet that they can attract new clients via buy now, pay later options, The Wall Street Journal reported. Retailers love credit card purchases Retailers that offer store-branded credit cards love it when consumers use their […] The post Retail's last hope?

Retail's last hope? Macy's, others offer buy now and pay later financing

"It should not be called a credit card, for sure, in part because it's sort of the anti-credit card," Affirm CEO Max Levchin told CNBC.

Affirm CEO: Our new buy now, pay later card is really the 'anti-credit card'

Affirm Holdings Inc (NASDAQ: AFRM) announced plans for the Affirm Card, which marks the debut of a U.S. debit card with direct pay-over-time functionality. The Affirm Card will enable upfront payment from a bank account or post-pay option using a unique post-purchase feature.

Affirm To Launch First Debit Card With 'Buy Now, Pay Later'

Silicon Valley FinTech Affirm is launching a debit card with buy now, pay later (BNPL) functionality, the company announced in a Thursday (Feb. 25) blog post. “We know consumers are looking for financial control and flexibility.

Affirm Launching Buy Now, Pay Later Debit Card

Affirm Launches Buy Now, Pay Later Debit Card

SAN FRANCISCO--(BUSINESS WIRE)--Affirm Holdings, Inc. (NASDAQ: AFRM) ("Affirm"), a more flexible and transparent alternative to credit cards, today announced plans for the Affirm Card, the first U.S. debit card to have direct access to pay-over-time functionality. The Affirm Card will allow consumers to pay upfront, from their bank account, or pay later, by using a unique post-purchase feature. In just a couple of taps, consumers will be able to instantly convert any eligible transaction into o

Affirm Announces Plans For Its First Card with Access to Buy Now, Pay Later

SAN FRANCISCO--(BUSINESS WIRE)--Today, Vacasa, a leading vacation rental management platform in North America, and Affirm, a transparent alternative to credit cards, announced the companies have partnered to provide flexible payment options to those planning their next vacation. Through the partnership, Affirm will expand its travel category and increase payment flexibility to more vacation rental guests. Founded in 2009, Vacasa offers travelers thousands of professionally managed vacation rent

Affirm and Vacasa Partner to Offer Flexible Vacation Rental Payments

Affirm stock dipped after its first earnings report, but the results point to greater growth for the company in the long-term. The post The Rise of Digital Payments Will Boost Affirm Stock appeared first on InvestorPlace.

The Rise of Digital Payments Will Boost Affirm Stock

US-based buy now, pay later (BNPL) company Affirm reported a 55% annual increase in gross merchandise volume (GMV), reaching a value of $2.1 billion in its  fiscal Q2 2021  (ended December 31, 2020)—marking the company's first earnings report since  going public in January 2021.

Affirm's fiscal Q2 2021 earnings highlight transaction growth as consumers turn to installment lending services

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Here's Why Affirm Is Falling After Its First Earnings Report

Buy now pay later platform Affirm held its first earnings call as a public company Thursday (Feb. 11), presenting solid metrics for 2020 and a case for its continued growth in 2021. However, the pace of that growth was called into question as the company expected third-quarter gross merchandise volume (GMV) to decline to between […]

Affirm Hits 4.5M Users, Shoots For Everyday Payment Expansion

Payments company Affirm topped forecasts in its first quarterly report as a public company. But guidance may be leaving investors underwhelmed.

Online Payments Company Affirm Beat Estimates. Why the Stock Is Tumbling.

Affirm Holdings Inc. topped revenue expectations for its latest quarter and issued an upbeat forecast but shares slipped in after-hours trading Thursday.

Earnings Results: Affirm earnings top expectations, but stock slips

SAN FRANCISCO--(BUSINESS WIRE)--Affirm Holdings, Inc. (NASDAQ: AFRM) (“Affirm” or the "Company”), a more flexible and transparent alternative to credit cards, today reported financial results for its fiscal 2021 second quarter ended December 31, 2020. "Since we founded Affirm and through to this day, our mission has been to build honest financial products that improve lives. We've aligned our success with the success of both sides of the commerce ecosystem, winning when our consumers and our me

Affirm Reports Fiscal Year 2021 Second Quarter Results

Affirm stock has been consolidating in preparation for its next big move. Here's a look at why the company is a key disruptor in e-commerce.

Affirm Stock Is a Strong Investment in E-Commerce Payments Disruption

Fintech company Affirm Holdings Inc (NASDAQ: AFRM), which started trading in early January is a top-three player in the buy now, pay later space that offers consumers an alternative method to finance goods. The Affirm Holdings Analysts: Morgan Stanley analyst James Faucette initiated coverage of Affirm's stock with an Overweight rating and a $142 price target.

Affirm's Stock: Why Morgan Stanley Recommends, Goldman Sachs Is Waiting It Out

A gaggle of Wall Street analysts initiate coverage of the fintech specialist.

Why Affirm Stock Jumped Today

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This payments company makes the credit process easier for consumers.

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Don't believe in Affirm stock as its loan losses are too hard to accept. AFRM stock is overvalued given its massive loan losses last year.

Affirm Stock Is Overvalued Given Its Massive Loan Losses

Affirm is riding on megatrends such as e-commerce and buy now, pay later.

Affirm's Stock Price More Than Doubled Post IPO. Here's What Investors Should Know

SAN FRANCISCO--(BUSINESS WIRE)--Affirm Holdings, Inc. (NASDAQ: AFRM), a more flexible and transparent alternative to credit cards, today announced it will host a conference call and webcast to discuss second quarter fiscal year 2021 financial results on Thursday, February 11, 2021 at 5:00pm ET. Hosting the call will be Max Levchin, Founder and Chief Executive Officer, and Michael Linford, Chief Financial Officer. The conference call will be webcast live from the Company's investor relations web

News for Affirm Stock (AFRM)