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
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Washington Post

Affirm has partnered with eight more merchants to help their shoppers use flexible pay-over-time options. Consumers in the United States can now select Affirm as a payment option at checkout at Agape Diamonds, Discount Tire, Ever/body, FullBeauty, Garmin, Hotels.com, Living Spaces and Sweetwater, the buy now, pay later (BNPL) provider said in a Tuesday (Dec.

BNPL Provider Affirm Adds 8 Merchant Partnerships

PayPal

Block

Cyber Monday spending via buy now, pay later hit a record in the U.S., which could further fuel investor hype for these digital payments.

Buy Now, Pay Later Has Almost a Billion Reasons To Celebrate the Season

Prudential Financial

SAN FRANCISCO--(BUSINESS WIRE)--Affirm Holdings, Inc. (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth, and PGIM Fixed Income, a Prudential Financial (NYSE: PRU) company and one of the largest global fixed income managers with $859 billion in assets under management, today announced that PGIM Fixed Income has completed an inaugural private purchase of $500 million in Affirm loans. The transaction deepens Affirm's partnership with PGIM Fixed Income, wh.

Affirm and PGIM Fixed Income Expand Partnership with Completion of Private Purchase of $500 Million in Loans

SAN FRANCISCO--(BUSINESS WIRE)--Affirm (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth, today announced the launch of new merchant partners just in time for the peak of holiday shopping season. Eligible consumers in the US can now find Affirm at checkout and pay over time at: Agape Diamonds for fine jewelry Discount Tires for auto repairs Ever/body for cosmetic dermatology treatments FullBeauty for size-inclusive fashion Garmin for electronics Hotels.

Affirm Expands Merchant Network Ahead of Final Holiday Shopping Push

Shopify

Kaspi.KZ JSC

The year 2024 may have started slow for fintech stocks, but the sector flipped the script in the second half.

Fintech's New Year Playbook: Kaspi, Affirm, Shopify Set The Tone For 2025

Affirm Holdings (AFRM) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Affirm Holdings (AFRM) Upgraded to Buy: What Does It Mean for the Stock?

AFRM's research reveals that 77% of consumers are adopting a "slow shopping" approach, taking extra time to evaluate whether a purchase is truly necessary.

Affirm Stock to Gain From Value-Driven Holiday Shopping: Here's How

The partnership adds JD Sports to AFRM's global network of more than 320,000 merchants.

Affirm Partners With JD Sports to Expand Payment Options

TORONTO--(BUSINESS WIRE)--Affirm (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth, today released new research revealing that despite economic uncertainty, Canadians are approaching their holiday shopping with strategy, not restraint. The majority (71%) plan to spend the same or more this season, but with a focus on smarter, more deliberate choices. The study, conducted by Talker Research for Affirm, shows that over three in four consumers (77%) are e.

New Research Reveals Consumers Are Spending Smarter, Not Less This Holiday Season

SAN FRANCISCO--(BUSINESS WIRE)--JD Sports, the leading retailer of sports, fashion, and outdoor brands, has partnered with Affirm (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth, to offer a new, flexible way to pay. This partnership brings Affirm's pay-over-time options to shoppers purchasing top brands such as Nike, adidas, New Balance, and North Face at JD Sports and Finish Line. “At JD Sports, we're committed to giving our customers the freedom to.

JD Sports Partners with Affirm to Offer Flexible Payment Options Just in Time for Holiday Rush

BofA Securities raised its price target on the ‘buy now, pay later' company to $74 and reiterated a Buy rating.

Affirm Stock Gets Price Target Hike. It's Taking Market Share From Other BNPL Peers.

Recently, Zacks.com users have been paying close attention to Affirm Holdings (AFRM). This makes it worthwhile to examine what the stock has in store.

Here is What to Know Beyond Why Affirm Holdings, Inc. (AFRM) is a Trending Stock

Why Investors Were So Affirmative on Affirm Holdings This Week

Bullish investors on Affirm stock focus on its scale, transaction underwriting and partnerships amid fierce competition in the BNPL market. The post Affirm CEO Touts 'Buy-Now-Pay-Later' Leader's Bold Expansion Plan.

Affirm CEO Touts 'Buy-Now-Pay-Later' Leader's Bold Expansion Plan. 'We Have Lots Of Irons In The Fire'

Affirm Holdings, Inc. (NASDAQ:AFRM ) FT Partners FinTech Conference November 20, 2024 4:00 PM ET Company Participants Wayne Pommen - Chief Revenue Officer Conference Call Participants Unidentified Company Representative All right. Thank you, everybody.

Affirm Holdings, Inc. (AFRM) FT Partners FinTech Conference (Transcript)

AFRM expands its partnership with Priceline to become a pay overtime provider for Partner Solutions.

Affirm & Priceline Expand Partnership to Offer Pay Over Time Solutions

Here is how Affirm Holdings (AFRM) and Sezzle Inc. (SEZL) have performed compared to their sector so far this year.

Are Business Services Stocks Lagging Affirm (AFRM) This Year?

Affirm stock price rose for four consecutive weeks as investors cheered the ongoing Federal Reserve interest rate cuts and its partnerships with top companies. AFRM jumped to a high of $62 on Monday, its highest level since February 2022.

Affirm stock price is soaring: will AFRM surge to $100 soon?

Buy now, pay later provider Affirm has expanded its partnership with online travel firm Priceline. The new collaboration makes Affirm the buy now, pay later (BNPL) provider for Priceline Partner Solutions, the company's B2B business, Affirm said in a Monday (Nov. 18) news release.

Affirm Expands BNPL Travel Partnership With Priceline

SAN FRANCISCO--(BUSINESS WIRE)--Affirm (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth, and Priceline, a leader in online travel, today announced an expanded partnership. Through their deepened collaboration, Affirm is the pay-over-time provider for Priceline's B2B business, Priceline Partner Solutions. Beginning immediately, Priceline Partner Solutions partner brands — which span industries such as airlines, cruise lines, car rentals, hotels, and mo.

Priceline Selects Affirm as Pay-Over-Time Provider for Priceline Partner Solutions

This buy now, pay later company is growing nicely and could benefit from tailwinds that could make it profitable in the near future.

Analysts Can't Stop Upgrading This Consumer Finance Stock. Is it Time to Buy?

AFRM is well-poised to benefit from growing merchant network revenues, strength in its AI-driven platform and a booming BNPL market.

Delving Beyond Affirm's Q1 Earnings: Should You Buy the Stock?

Visa

Visa is partnering with fintech company Affirm to roll out a card in the U.S. that customers can use for both debit transactions and buy now, pay later purchases, reflecting the growing demand for flexibility in payment options.

Visa teams up with Affirm to launch card for flexible payments in US

Zacks.com users have recently been watching Affirm Holdings (AFRM) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.

News for Affirm Stock (AFRM)