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

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Earnings data Q4 2022

Earnings data Q1 2023

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Earnings data Q1 2024

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Earnings data Q1 2025

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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

Affirm (AFRM) ensures service continuity and security amid the Evolve Bank cybersecurity breach.

Affirm's (AFRM) Card Issuer Evolve Bank Under Cyber Attack

U.S. financial technology firm Affirm Holdings said on Monday that it believes that the personal information of Affirm card users was compromised as part of Arkansas-based Evolve Bank and Trust's cybersecurity incident.

Affirm card users' personal information possibly compromised in Evolve Bank cyber attack

Affirm Holdings Inc. NASDAQ: AFRM is a leader in the buy-now-pay-later (BNPL) industry. They provide installment loans to consumers, enabling them to split purchases into smaller payments.

Affirm Holdings Stock: Is It Time to Buy Now and Get Paid Later?

PayPal

Visa

Fintech stocks continue to hold immense potential for delivering solid gains to investors. These companies are at the forefront of revolutionizing how we transact and think about money.

The 3 Smartest Fintech Stocks to Buy With $5K Right Now

In the closing of the recent trading day, Affirm Holdings (AFRM) stood at $30.21, denoting a -0.82% change from the preceding trading day.

Here's Why Affirm Holdings (AFRM) Fell More Than Broader Market

JMP Securities analyst David Scharf initiated coverage on Affirm Holdings Inc AFRM with a Market Perform rating.

BNPL Company Affirm Holdings Exhibits Strong Growth And Fair Valuation Amid Regulatory Risks, Says Analyst

GoodRx Holdings

Udemy

Smart money is looking for the exit as market conditions become increasingly shaky and, more often than not, they're looking at tech stocks to sell more than any other segment or sector. June's net tech stock sales are about to hit their highest monthly level since 2017 as hedge funds and institutional investors begin looking for an off-ramp from increasingly concentrated tech portfolios and indices.

Market Correction Alert: Sell These 3 Tech Stocks While You Can

Apple has shut down its Buy Now, Pay Later business after just one year. It announced it will instead integrate Affirm directly into Apple Pay.

This Hyper-Growth Fintech Stock Is a Table-Pounding Buy After Announcing Its New Blockbuster Partnership

Despite what most market investors may believe, the new business model taking over the consumer discretionary sector and even the financial industry is here to stay much longer. Known as buy now, pay later (BNPL), this business model is precisely what today's consumer needs as the U.S. economy remains somewhat directionless.

Goldman Sachs Raises Stock Target for Affirm: Key Insights

Goldman Sachs sets a $42 price target for the Affirm (AFRM) stock, indicating a significant premium to Friday's closing price.

Affirm (AFRM) Stock Soars on Favorable Goldman Sachs Rating

Affirm (NASDAQ: AFRM ) stock enjoyed a strong late-day push after Goldman Sachs initiated coverage on the buy-now pay-later company with a “buy” rating. Indeed, Goldman Sachs analysts were clearly impressed by Affirm's business model, setting a price target of $42 on AFRM stock.

Goldman Sachs Is Pounding the Table on Affirm (AFRM) Stock

Affirm gained almost 13% on Monday after the buy now, pay later firm was upgraded by Goldman Sachs Group Inc (NYSE:GS, ETR:GOS) analysts. The analysts upgraded the stock from ‘Neutral' to ‘Buy' and doubled their price target from $21 to $42, representing a premium of more than 40% to Affirm's closing price on Friday.

Affirm surges on Goldman Sachs upgrade

Affirm Holdings Inc (NASDAQ: AFRM) gained more than 10% on Monday after a Goldman Sachs analyst issued a super bullish note in its favour.  Shares of the buy now, pay later company are still over 30% for the year.

Affirm stock price forecast: Goldman Sachs sees a 40% upside

Shares of Affirm Holdings (AFRM) jumped in intraday trading Monday as Goldman Sachs initiated coverage of the buy now, pay later (BNPL) loan service with a "buy" rating, calling it “the leading provider of modern credit solutions for consumers.”

Affirm Holdings Surges as It Gets a 'Buy' Rating From Goldman Sachs

AAPL's exit from the BNPL scene provides massive opportunities for other fintech lenders, such as AFRM and other credit/ debit card providers. AAPL users may be more likely to adopt AFRM's BNPL platform ahead, with it potentially influencing "customer decisions on which cards to spend on, or where to set up credit." With AAPL's users typically reporting higher incomes, we may see AFRM benefit from the reduced lending risks and delinquency rates, building upon the latter's risk management thus far.

Affirm: Apple's Exit From Pay Later May Be A Growth Driver

Affirm has accelerated top-line growth while boosting profitability. The company's Affirm Card is gaining traction with consumers, helping the company to adjust to the higher interest rate environment. Affirm is set to be offered as a BNPL option on Apple Pay, with Apple no longer offering BNPL in the United States.

Affirm: Apple's Exit From BNPL Has Significant Implications

Nu Holdings

Upstart Holdings

Nu has room to grow as Latin America's digital banking market expands. Upstart's lending business will recover as interest rates decline.

3 Incredibly Cheap Fintech Stocks to Buy Now

Affirm Holdings disappointed due to central bank delaying rate cut timeline. Affirm Card adoption and gross merchandise volume trends show healthy growth. Affirm Holdings is undervalued with potential for re-rating and long-term growth.

Affirm Holdings: Undervalued With Potential For Re-Rating And Long-Term Growth

Block

Investors looking for high-growth investments in the financial sector should consider the top fintech stocks to buy now for long-term returns.  The financial industry has seen a significant transformation in the last few years, marked by the emergence of fintech apps.

3 Fintech Stocks to Buy Now: June 2024

Affirm Holdings, Inc. (NASDAQ:AFRM ) CFO Fireside Chat June 14, 2024 12:00 PM ET Company Participants Zane Keller - Director of Investor Relations Michael Linford - Chief Financial Officer Conference Call Participants Ramsey El-Assal - Barclays Zane Keller Okay, it looks like we've got most of the people that registered for the event. So I think we'll go ahead and get started.

Affirm Holdings, Inc. (AFRM) CFO Fireside Chat (Transcript)

Apple

Affirm saw its stock rally 7.8% this past week, but the overall trend for the FinTech IPO Index was down, as the group sank 3.8%.

FinTech IPO Tracker Loses 3.8% Despite Affirm's Rally on Apple Pay Tie-up

Affirm (AFRM) collaborates with Brittain Resorts & Hotels to offer flexible payment options, thereby enhancing customer convenience and expanding AFRM's retail partner network.

Affirm (AFRM) Chosen to Bring Flexible Hotel Booking Payments

Marqeta

SoFi Technologies

SoFi Technologies continues to pick up new customers at a rapid pace. Affirm Holdings could emerge as the Buy Now, Pay Later industry winner.

3 Fintech Growth Stocks That Are Screaming Buys in June

Affirm's buy now, pay later loans will soon be integrated into Apple Pay. Investors hope the expanded collaboration will give Affirm's sales a lift.

Why Affirm Shares Popped Today

SAN FRANCISCO--(BUSINESS WIRE)--Affirm (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth, today announced a partnership with full-service hospitality management company Brittain Resorts & Hotels. Now, approved hotel guests can book accommodations at more than 15 hotels and resorts and pay over time with Affirm. By selecting Affirm at checkout, approved guests can split the total cost of any purchase over $150 into monthly payments up to 18 months.

News for Affirm Stock (AFRM)