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 (AFRM) forecasts fiscal 2024 Gross Merchandise Volume of more than $24 billion.

Affirm (AFRM) Q4 Earnings Beat on High Transactions & GMV

Soaring transaction costs more than erased Affirm's double-digit revenue growth in the fiscal fourth quarter. The company reported an adjusted operating profit, but the adjustments involved look particularly aggressive.

2 Big Red Flags for Affirm Stock

Affirm's Q4 earnings report exceeded Wall Street's expectations. The company expects its revenue growth to stabilize in fiscal 2024.

Is Affirm Holdings Stock a Buy Now?

Affirm (AFRM) shares gained over 30% on Friday after the buy now, pay later provider (BNPL) provider said its revenue rose as delinquencies declined and gave a higher-than-expected forecast for the current quarter.

Affirm Shares Soar on Higher-Than-Expected Forecast as Delinquencies Decline

Representing a surprise winner on Friday, shares of consumer-lending fintech specialist Affirm (NASDAQ: AFRM ) — which provides a buy now, pay later (BNPL) platform — are jumping around 30% today. Undergirding sentiment this afternoon is a solid earnings print and optimistic guidance from the company.

Why Is Affirm (AFRM) Stock Up 30% Today?

Affirm Holdings Inc. continues to draw mixed reactions as its stock explodes higher Friday in the wake of earnings.

Affirm's stock rockets toward best day in 15 months but remains a polarizing play

Affirm reported its fiscal fourth quarter's earnings, and the numbers beat expectations on the top and bottom lines. Not only is the business growing, but credit quality and loan performance have been better than expected.

Affirm Is Soaring Today -- Is the Buy Now, Pay Later Business Doing Well?

Affirm shares jumped Friday, a day after it reported a beat on the top and bottom lines.

Affirm shares rocket 26% after better-than-expected results and strong guidance

Affirm Holdings, Inc shares powered 26% higher to $17.36 in early Friday trading after the buy now, pay later fintech platform announced fourth-quarter 2023 revenue of $445.83 million, up from $364.13 million a year ago, which surpassed the Zacks consensus analyst forecast by 10.3%.  The company attributed the increase to sequentially improved credit results and accelerated growth.

Affirm Holdings stock surges as 4Q financial results beat estimates; GMV climbs

Workday

Investors are hoping to get clarity from the Federal Reserve today. Affirm reported solid financial results as consumer spending remained strong.

These 2 Nasdaq Stocks Are Giving Investors a Happy Friday

Affirm stock was rising on Friday as shareholders welcomed its revenue growth. Analysts are split on how it can deal with economic headwinds.

Affirm Shrugs Off Consumer Fears. Why Analysts Are Split on the Stock.

Affirm (NASDAQ: AFRM) stock price has been in a deep sell-off after forming a double-top pattern at $19.81 in June and August. The shares closed at $13.70 on Thursday, the lowest point since July 10.

Affirm stock price forecast: technicals point to a drop to $10

Affirm Holdings, Inc. (NASDAQ:AFRM ) Q4 2023 Earnings Conference Call August 24, 2023 5:00 PM ET Company Participants Zane Keller - Director, IR Max Levchin - Founder & CEO Michael Linford - CFO Conference Call Participants Tim Chiodo - Credit Suisse Ramsey El-Assal - Barclays Rayna Kumar - UBS Dan Dolev - Mizuho James Faucette - Morgan Stanley Eugene Simuni - MoffettNathanson Daniel Perlin - RBC Capital Markets Bryan Keane - Deutsche Bank Andrew Jeffrey - Truist Securities Rob Wildhack - Autonomous Research Reginald Smith - JPMorgan Jason Kupferberg - Bank of America Michael Ng - Goldman Sachs Operator Good afternoon. Welcome to the Affirm Holdings Fourth Quarter and Fiscal Year 2023 Earnings Call.

Affirm Holdings, Inc. (AFRM) Q4 2023 Earnings Call Transcript

The headline numbers for Affirm Holdings (AFRM) give insight into how the company performed in the quarter ended June 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Here's What Key Metrics Tell Us About Affirm Holdings (AFRM) Q4 Earnings

Affirm Holdings Inc. shares were powering nearly 7% higher in Thursday's after-hours action after the buy-now-pay-later operator topped expectations with its latest results.

Affirm stock advances as BNPL company easily tops revenue expectations

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 fourth quarter and fiscal year ended June 30, 2023. The results, which include a shareholder letter furnished to the U.S. Securities and Exchange Commission on Form 8-K, can be found on the “Events and Presentations” section of the Company's investor relations website at https://investors.affirm.com. Affirm w.

Affirm Reports Fourth Quarter and Fiscal Year 2023 Results

Gap Inc

Nordstrom

Marvell Technology

After U.S. markets closed on Tuesday, Toll Brothers beat earnings per share (EPS) and revenue estimates.

Earnings Preview: Affirm, Gap, Marvell, Nordstrom

Affirm's (AFRM) fourth-quarter fiscal 2023 results are likely to reflect significant growth in merchant network revenues.

Affirm (AFRM) to Post Q4 Earnings: What You Should Expect

Affirm Holdings (AFRM) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Affirm Holdings (AFRM) Q4 Earnings Expected to Decline

SAN FRANCISCO--(BUSINESS WIRE)--As Americans face record-high credit card debt and fees, nearly three in four (73%) say credit cards make it challenging to manage their finances, according to a new survey conducted by OnePoll and commissioned by Affirm (NASDAQ: AFRM) the payment network that empowers consumers and helps merchants drive growth. The research surveyed 2,000 gen pop Americans, exploring their attitudes and priorities for their personal finances while investigating how they have shi.

New Survey Reveals Majority of Americans Find Credit Cards Make It Challenging to Manage Their Finances

NEW YORK & SAN FRANCISCO--(BUSINESS WIRE)--Selfbook, the technology company that is modernizing hotel payments and bookings, today announced a partnership with Affirm (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth, bringing Affirm's flexible, transparent payment options to Selfbook's seamless hotel bookings. Selfbook and Affirm are launching the partnership with their first joint hotel partners, Cape May La Mer, Victor Hotels and The Kartrite. Any a.

Selfbook Partners with Affirm to Bring Flexible Payment Options to Hotel Bookings

ST. LOUIS--(BUSINESS WIRE)-- #Alzheimers--C2N Diagnostics, a leader in advanced brain health diagnostics, says new research posted in the online version of Annals of Clinical and Translational Neurology (and soon in print form) affirms the clinical utility of its PrecivityAD® blood test, which healthcare providers use to help diagnosis Alzheimer's disease (AD). The findings are believed to represent the first prospective, published evidence that clinicians use novel blood biomarker testing in a way that impr.

Real-World Evidence Shows Healthcare Providers Use C2N Diagnostics' PrecivityAD® Blood Test to Help Affirm Alzheimer's Disease Diagnosis and Change Drug Treatment Decisions

SAN FRANCISCO--(BUSINESS WIRE)--Affirm (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth, today announced that it will publish its fourth quarter and fiscal year 2023 shareholder letter, including its financial results, on its investor relations website at https://investors.affirm.com/ on Thursday, August 24, 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 Max Levchin, F.

Affirm to Announce Fourth Quarter and Fiscal Year 2023 Results on August 24, 2023

SAN FRANCISCO--(BUSINESS WIRE)--Affirm (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth, today announced a partnership with Cathay Pacific, a global airline based in Hong Kong, to become its exclusive U.S. pay-over-time partner. This year, Cathay Pacific celebrated its 40th anniversary of connecting Hong Kong and North America. Today, Cathay Pacific offers nonstop passenger services to Hong Kong and over 60 destinations worldwide—including 16 airports.

Cathay Pacific Selects Affirm as its Exclusive Pay-Over-Time Partner in the U.S.

Robinhood

SoFi Technologies

The major indices entered a new bull market in 2023, and investors are once again flocking to more speculative growth stocks. As such, some previously poor-performing fintech stocks have rebounded sharply.

News for Affirm Stock (AFRM)