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
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The IPO market just had its best week since January, as the prevailing negative outlook regarding the likelihood of interest rates remaining has changed to somewhat positive outlook.

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Besides Wall Street's top -and-bottom-line estimates for Affirm Holdings (AFRM), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended September 2023.

Insights Into Affirm Holdings (AFRM) Q1: Wall Street Projections for Key Metrics

Affirm being branded a short idea by equity research outfit Hedgeye runs counter to strong US economic figures and its positive operational momentum. The buy now, pay later firm is currently trading hands for a 4.19x price-to-sales multiple, amongst its lowest level in more than three years. Growth across its core financial metrics was strong during its fiscal 2023 fourth quarter with allowance for credit losses also trending lower.

Affirm: Growth To Remain Strong From Healthy Economic Figures, Continued Momentum

Affirm (NASDAQ: AFRM) stock price joined other companies like PayPal and Block in staging a strong post-earnings rally. The shares rose to a high of $22.45 on Monday, much higher than this month's low of $16.07.

Affirm stock price forms broadening wedge ahead of Q1 earnings

Amazon

Shares of payments provider Affirm (AFRM) jumped more than 19% after expanding its partnership with Amazon (AMZN) to offer buy now, pay later (BNPL) services to the e-commerce giant's business-to-business (B2B) clients.

Affirm Shares Soar 19% On BNPL Offering For Amazon Business

Affirm stock jumped 15.42% ahead of its quarterly earnings report, driven by anticipation of a positive impact from its alliance with Amazon. Analysts expect Affirm to post a GAAP EPS loss in Q1/2024. Affirm's priorities for fiscal year 2024 include growing its network aggressively and increasing revenue faster.

Affirm Stock: Beware Of Short Squeeze Ahead Of Q1 2024 Earnings

Amid rising questions in this tricky environment for the consumer economy, financial technology (fintech) specialist Affirm (NASDAQ: AFRM ) received a much-needed boost from Amazon (NASDAQ: AMZN ). Recently, the tech giant disclosed the debut of its first buy now, pay later (BNPL) option geared for millions of small business owners who use the company's online store.

AFRM Stock Spikes as Affirm Expands Amazon Partnership

Affirm and e-commerce giant Amazon.com Inc (NASDAQ:AMZN) have announced an expanded partnership that will make Affirm the first pay-over-time option available at checkout on Amazon Business. Shares of the financial technology firm jumped 16% to $20.38 by midday in New York.

Affirm stock jumps on Amazon ‘buy now, pay later' expanded arrangement

Amazon Business is offering buy now, pay later (BNPL) services in collaboration with Affirm. Amazon Business started rolling out Affirm Thursday (Nov. 2) to eligible sole proprietor businesses.

Amazon Business Enters BNPL Space With Affirm Partnership

Affirm Holdings Inc. shares AFRM, +16.08% were powering 16% higher in Thursday morning action after Amazon.com Inc. AMZN, +0.49% announced that it would make Affirm the first buy-now-pay-later provider offered at checkout on its Amazon Business platform. “The technology, ease of integration, and ability to support a broad range of transactions—especially as Affirm is already used by millions of Amazon customers today—make this a natural extension of our larger partnership,” Todd Heimes, the director of Amazon Business Worldwide, said in a release.

Affirm's stock explodes higher after expanded Amazon arrangement

SAN FRANCISCO--(BUSINESS WIRE)--Today, Amazon (NASDAQ:AMZN) and Affirm (NASDAQ: AFRM) announced an expanded partnership that makes Affirm the first pay-over-time option available at checkout on Amazon Business, a business-to-business (B2B) store that helps businesses of all sizes digitize and automate procurement with powerful management controls and analytic tools—all within the familiar experience of Amazon. Now, these Amazon Business customers can split the total cost of eligible purchases a.

Amazon Business Adds Affirm as First Buy Now, Pay Later Provider at Checkout

Amazon is rolling out its first buy now, pay later checkout option for small business owners via fintech player Affirm, CNBC has learned.

Amazon to unveil buy now, pay later option from Affirm for small business owners

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While the jury's still out whether the economy and the market is headed for a soft or hard landing, as interest rates remain high, that doesn't mean you should forget about which stocks to avoid. Even as it's possible that recent fears of another downturn for stocks may prove to be an overreaction, there are particular equities that still have substantial downside risk.

7 Dangerous Stocks to Avoid No Matter What

SAN FRANCISCO--(BUSINESS WIRE)--Today, Affirm (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth, released new data revealing shoppers' priorities this holiday season. While consumers face continued economic uncertainty, the survey of 2,000 gen pop Americans revealed they are still planning to spend: 3 in 4 (75%) intend to spend the same or more than last year and the majority (64%) have yet to finish their holiday shopping. But, they are being strategi.

Interest-Free Promotions Outshine Discounts and Sales This Holiday Season

Affirm Holdings (AFRM) closed at $17.10 in the latest trading session, marking a +1% move from the prior day.

Here's Why Affirm Holdings (AFRM) Gained But Lagged the Market Today

Affirm Holdings is a buy now, pay later company that recently partnered with Amazon Pay. The company's revenue has increased by 212% over three years, though it continues to rack up large losses.

Is Affirm Holdings Stock a Buy?

PayPal

Worldline SA/France

Shares of Affirm Holdings (AFRM), Block (SQ) and PayPal Holdings (PYPL) tumbled Wednesday and continued their downward moves in pre-market trading Thursday after a French financial tech firm warned about customer spending.

Shares of Affirm, Block, and PayPal Drop as Worldline Warns About Consumer Spending

Shares of financial-technology companies were tumbling Wednesday after a European payments company issued a bleak warning — but one analyst thinks Wall Street may be overreacting.

Block, PayPal and Affirm shares slide after Worldline warning. Are investors overreacting?

Here is how Affirm Holdings (AFRM) and Marvell Technology (MRVL) have performed compared to their sector so far this year.

Is Affirm (AFRM) Outperforming Other Business Services Stocks This Year?

Affirm (NASDAQ: AFRM) stock price tumbled by over 9% on Wednesday as technology firms dived. After peaking at $25.55 in September, the shares have tumbled by over 31% to the current $17.72.

Affirm stock price uptrend is still intact unless it slips below $16.8

SAN FRANCISCO--(BUSINESS WIRE)--Affirm Holdings, Inc. (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth, today announced that it will host an Investor Forum on November 14, 2023 in New York, NY. The event will take place from 2:00pm ET to 5:00pm ET and will be webcast live from the Company's investor relations website at https://affirminvestorforum.gcs-web.com/. A replay of the event will be available on the investor relations website for one year foll.

Affirm to Host Investor Forum on November 14, 2023

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SAN FRANCISCO--(BUSINESS WIRE)--Affirm Holdings, Inc. (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth, today announced that it will publish its first quarter fiscal year 2024 shareholder letter, including its financial results, on its investor relations website at https://investors.affirm.com/ on Wednesday, November 8, 2023, after market close. The Company will host a conference call and webcast at 5:00pm ET that same day. Hosting the call will be Ma.

Affirm to Announce First Quarter Fiscal Year 2024 Results on November 8, 2023

Block

Buy now, pay later services like Affirm, to drive mobile holiday shopping in a key year for mobile.

Amazon, Walmart Holiday Deals Will Tow In This Hot Shopping Trend

The FinTech IPO Index gave up nearly 3%, coming into the end of the first full trading week of the fourth quarter. Affirm led declining names, sliding 16% through the past five trading sessions.

News for Affirm Stock (AFRM)