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

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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

Apple

The first few days of Apple's annual developer conference, stretching from Monday (June 10) to Friday (June 14), may seemingly be all about artificial intelligence.

Apple Pay Looks to Expand Services Ecosystem ‘Off' iPhone and Into Installments

Apple Pay users in the United States will be able to apply for buy now, pay later (BNPL) loans through Affirm during checkout. This is one of several new features that will be added to Apple Pay in the fall, Apple said in a Tuesday (June 11) press release.

Apple Pay to Offer Access to Affirm BNPL Loans

Affirm Holdings (AFRM) shares jumped Tuesday after Apple (AAPL) announced the company's buy now, pay later (BNPL) loans would be available for Apple Pay users.

Affirm Stock Gets a Lift From Apple Pay Inclusion

Affirm (NASDAQ: AFRM ) stock is in the news Tuesday after the point-of-sale payment solution company announced its services are coming to Apple (NASDAQ: AAPL ) Pay later this year. This will allow users of Apple Pay to take out buy now, pay later loans with Affirm when making purchases.

AFRM Stock Alert: Apple Pay Will Include Affirm BNPL Later This Year

Affirm Holding Inc (NASDAQ: AFRM) is in the green this morning after teaming up with Apple Inc (NASDAQ: AAPL). Details of Affirm-Apple partnership Buy now, pay later loans of $AFRM will be available to users of iPhones and iPads by the end of 2024.

Affirm partners with Apple Inc: ‘a big positive for $AFRM'

Shoals Technologies Group

U.S. stocks were lower, with the Dow Jones index falling over 250 points on Tuesday.

Shoals Technologies, Affirm Holdings, Apple And Other Big Stocks Moving Higher On Tuesday

Shares of Affirm Holdings Inc. rallied Tuesday, after the provider of buy-now-pay-later payment options disclosed a partnership with Apple Inc.

Affirm's stock surges after Apple announces partnership on payment products

The payments company says it doesn't expect the partnership to have a material impact on revenue or gross merchandise volume in fiscal year 2025.

Affirm Teaming Up With Apple ‘Is a Big Positive.' The Stock Is Up.

Apple device users will soon be able to tap into buy now, pay later loans from Affirm for purchases, the companies said Tuesday. Affirm will surface as an option for Apple Pay users on iPhones and iPads later this year.

Affirm buy now, pay later loans will be embedded into Apple Pay later this year

Aurora Innovation

Guess?

Lyft

Oshkosh

Occidental Petroleum

Qualys

For investors seeking to give their portfolio a jumpstart, so-called hidden-gem growth stocks may have plenty to offer. By that, I'm talking about companies that are not exactly favored by Wall Street.

7 Hidden-Gem Growth Stocks Ready to Rocket

Affirm (AFRM) witnesses growth in cart conversion within its app following the introduction of the two payment options, signaling high demand.

Affirm (AFRM) Expands BNPL Offerings With New Payment Options

Affirm Holdings (AFRM) is currently riding on growth in its active merchant base and consumers.

Here's Why Affirm Holdings (AFRM) Stock is a Great Pick Now

Affirm (AFRM) expands its partnership with Alterra in a bid to reach more customers in the United States and Canada.

Affirm (AFRM) and Alterra Expand Partnership for Wider Reach

Affirm Holdings Inc. is introducing new installment options to add flexibility and benefit customers who get paid semimonthly or monthly.

Affirm introduces new buy-now-pay-later options to capture more daily spending

Buy now, pay later (BNPL) provider Affirm has launched two new payment options. The company on Thursday (June 6) announced the debt of Pay in 2 and Pay in 30, designed to offer customers more flexibility and affordability.

Affirm Debuts Two New BNPL Options

SAN FRANCISCO--(BUSINESS WIRE)--Affirm (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth, today announced two new payment options, Pay in 2 and Pay in 30, to bring even greater choice and flexibility to consumers utilizing Affirm's app and providing affordability across a wider range of transactions. As always with Affirm, consumers do not ever owe a penny more than what they agree to upfront as there are no late fees or hidden charges, like compound o.

Affirm Expands Payment Offerings With New Pay in 2 and Pay in 30 Options

SPAR Group

Contracting economic activity in the manufacturing sector and labor market constraints make the prospects gloomy for the Zacks Business Services industry. Rising service activities and growing technology adoption being the saving graces, AFRM, MITFY and SGRP are likely to be the frontrunners.

3 Business Services Stocks to Consider Amid Industry Woes

SAN FRANCISCO--(BUSINESS WIRE)--Affirm (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth, today announced an expanded partnership with Alterra Mountain Company, a family of iconic year-round mountain destinations, including the world's largest heli-skiing operation, and the owner of Ikon Pass. Eligible travelers will be able to pay over time with Affirm when purchasing an Ikon Pass in the U.S. and for the first time, also in Canada, plus local mountain.

Alterra Mountain Company and Affirm Expand Exclusive Partnership to Bring Payment Flexibility to More Skiers & Riders

Affirm (AFRM) is expected to leverage its partners' penetration rate in the U.K. and other significant markets in Europe to further boost its GMV.

Why You Should Add Affirm (AFRM) Stock to Your Portfolio Now

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, June 14, 2024. The discussion will be moderated by Ramsey El-Assal from Barclays and will begin at 12:00 PM Eastern 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 June 14, 2024

Coinbase

In a post last week ("From The Viewpoint Of Calamity"), we mentioned that one of our hedged portfolios from mid-November more than doubled the performance of the SPDR S&P 500 Trust ETF SPY over the next six months.

Why This Approach Has Been Crushing The Market Recently: Getting Better Entries Into Volatile Names And Finding The Best Ways To Hedge Them - Affirm Holdings (NASDAQ:AFRM), Coinbase Glb (NASDAQ:COIN)

Block

Upstart Holdings

The early days of the pandemic served as a transformational moment for the financial services industry. For decades, financial services firms tended to eschew new technology, preferring to stick with tried-and-true solutions.

3 Sorry Financial Services Stocks to Sell in May While You Still Can

Affirm's (AFRM) partnership with FlightHub is expected to provide transparent and flexible payment options to eligible travelers.

Affirm (AFRM) & FlightHub Partner to Expand Payment Options

MONTREAL--(BUSINESS WIRE)--FlightHub™, leading Canadian online travel agency and subsidiary of the travel innovation company Momentum Ventures, today announced a partnership with Affirm (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth, to bring transparent and flexible payment options to eligible Canadian travellers. At a time where Canadians are increasingly prioritizing travel over essential expenses, and with nearly half of Canadians (48%) reducing.

FlightHub Announces Canadian Partnership with Affirm to Offer Flexible Payment Options on Air Travel

PayPal

The buy now, pay later market is dominated by fintech firms like Affirm, Klarna and PayPal.

News for Affirm Stock (AFRM)