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

Affirm's business has stabilized over the past year. But it's deeply unprofitable and its balance sheet is messy.

Is Affirm Stock a Buy?

Affirm Holdings, Inc. (NASDAQ:AFRM ) JPMorgan Global Technology, Media and Communications Conference Call May 21, 2024 10:50 AM ET Company Participants Michael Linford - Chief Financial Officer Conference Call Participants Reginald Smith - JPMorgan Reginald Smith Good morning. Thanks for coming out.

Affirm Holdings, Inc. (AFRM) JPMorgan Global Technology, Media and Communications Conference - (Transcript)

Affirm is a simple business with complex financials. The Buy Now, Pay Later market is exploding.

Affirm: Buy, Sell, or Hold?

After reaching an important support level, Affirm Holdings (AFRM) could be a good stock pick from a technical perspective. AFRM surpassed resistance at the 200-day moving average, suggesting a long-term bullish trend.

Affirm Holdings (AFRM) Crossed Above the 200-Day Moving Average: What That Means for Investors

Affirm is down by nearly 10% since posting an impressive Q3 FY 2024 report. Growing adoption of BNPL payment methods could boost GMV and revenue growth in the future. Potential rate cuts could help increase Affirm's BNPL loan volumes.

Affirm: More Room To Grow In A Favorable BNPL Landscape

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Affirm Holdings, Inc. (NASDAQ:AFRM ) Barclays 14th Annual Emerging Payments and FinTech Forum May 15, 2024 2:25 PM ET Company Participants Brooke Major-Reid - Chief Capital Officer Robert O'Hare - SVP, Finance Conference Call Participants Ramsey El-Assal - Barclays Ramsey El-Assal All right. Our next fireside chat of the day is with the Brooke Major-Reid, Chief Capital Officer; and Robert O'Hare, SVP Finance of Affirm.

Affirm Holdings, Inc. (AFRM) Presents at Barclays 14th Annual Emerging Payments and FinTech Forum (Transcript)

Shopify

As Shopify's growth slows down, its buy now, pay later (BNPL) partner, Affirm, is feeling the burn.

Slowing Shopify Growth Spells Challenges for BNPL Partner Affirm

Affirm (NASDAQ: AFRM) stock price has come under pressure since January as concerns about competition, interest rates, and growth remained. After peaking at $52.65 in January, it has dropped by over 34% to $34.80, meaning that it is in a deep bear market.

Affirm stock price forecast: buy the post-earnings dip

Affirm's (AFRM) Q3 results gain from increased transactions in the general merchandise category, partly offset by a significant level of provision for credit losses. It expects GMV to be within $6.75-$6.95 billion for fiscal Q4 2024.

Affirm (AFRM) Incurs Loss in Q3, Narrows Y/Y on Growing GMV

Affirm beat estimates on the top and bottom lines. Investors seemed more concerned about weak guidance from Shopify, a key partner of Affirm's.

Why Affirm Stock Slipped Today

Although it didn't address two big elephants in the room, buy now, pay later company Affirm rode solid advancements in its debit card and gross merchandise volume metrics to better-than-expected Q3 earnings results.

Affirm Credits Mid-Market With Q3 Earnings Gains

Affirm Holdings, Inc. (NASDAQ:AFRM ) Q3 2024 Earnings Conference Call May 8, 2024 8:30 AM ET Company Participants Zane Keller - Director of Investor Relations Max Levchin - Founder and Chief Executive Officer Michael Linford - Chief Financial Officer Conference Call Participants Robert Wildhack - Autonomous Research Jason Kupferberg - Bank of America Securities Dan Dolev - Mizuho Securities Bryan Keane - Deutsche Bank James Faucette - Morgan Stanley Reginald Smith - JPMorgan John Hecht - Jefferies Ramsey El-Assal - Barclays Operator Good morning and welcome to the Affirm Holdings Third Quarter Fiscal 2024 Earnings Call. Following the speakers' remarks, we will open the line for your questions.

Affirm Holdings, Inc. (AFRM) Q3 2024 Earnings Call Transcript

The headline numbers for Affirm Holdings (AFRM) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Affirm Holdings (AFRM) Reports Q3 Earnings: What Key Metrics Have to Say

Affirm Holdings (AFRM) came out with a quarterly loss of $0.43 per share versus the Zacks Consensus Estimate of a loss of $0.70. This compares to loss of $0.69 per share a year ago.

Affirm Holdings (AFRM) Reports Q3 Loss, Tops Revenue Estimates

Affirm climbed after the consumer financing firm reported a smaller-than-expected fiscal Q3 loss while revenue and other financial metrics beat Wall Street targets.

Affirm Earnings Top Views With Guidance Above Expectations. AFRM Stock Climbs.

The consumer lending company also filed a narrower-than-expected quarterly loss and offered strong guidance.

Affirm's Stock Is Rising. Its Revenue Beat Is Just One of the Positives.

Shares of Affirm Holdings Inc. were powering higher in Wednesday's premarket action after the buy-now-pay-later company issued upbeat results and guidance.

Affirm's upbeat earnings send stock climbing, as company calls out stable credit

Affirm Holdings Inc (NASDAQ: AFRM) is pushing to the upside in premarket on Wednesday after coming in ahead of Street estimates for its fiscal third quarter.  Affirm stock rallies on impressive outlook The stock is being rewarded also because $AFRM issued upbeat guidance for the future.

Affirm Holdings revenue increased 51% in Q3: find out more

SAN FRANCISCO--(BUSINESS WIRE)--Affirm Holdings, Inc. (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth, today reported financial results for its fiscal 2024 third quarter ended March 31, 2024. The results, which include a shareholder letter furnished to the U.S. Securities and Exchange Commission on Form 8-K, can be found in the “Events and Presentations” section of the Company's investor relations website at https://investors.affirm.com/. Affirm will.

Affirm Reports Third Fiscal Quarter 2024 Results

Affirm's (AFRM) third-quarter fiscal 2024 revenues are likely to jump nearly 44% from the year-ago reported figure.

How Should You Play Affirm (AFRM) Ahead of Q3 Earnings?

Evaluate the expected performance of Affirm Holdings (AFRM) for the quarter ended March 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.

Gear Up for Affirm Holdings (AFRM) Q3 Earnings: Wall Street Estimates for Key Metrics

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Affirm stock wavered Tuesday amid a report that Walmart, a key customer of the consumer financing firm, is readying its own "buy now, pay later" services.

News for Affirm Stock (AFRM)