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

BigCommerce Holdings, Inc.

Open Software-as-a-Service (SaaS) eCommerce platform BigCommerce has expanded its partnership with Affirm, giving its merchants access to Affirm's Adaptive Checkout buy now, pay later (BNPL) product.

BigCommerce, Affirm Expand Partnership for Adaptive Checkout BNPL Solution

Max Levchin said the company's underwriting process and business model would help it withstand a financial downturn.

Affirm says recession would prove business model's strength

AUSTIN, Texas--(BUSINESS WIRE)--BigCommerce merchants can now offer Affirm's flexible and transparent bi-weekly and monthly payment options to their customers.

BigCommerce and Affirm Expand Partnership to Offer Affirm's Adaptive Checkout™ as the Preferred Pay-Over-Time Solution

Payoneer Global

Stem, Inc

The following tech companies have seen their quarterly revenue and net income improve significantly on a year-over-year basis, attracting the interest of growth-focused investors. Furthermore, sell-side analysts on Wall Street have issued positive recommendation ratings for these stocks, suggesting they expect better market valuations in the future.

3 Tech Stocks for Growth-Focused Investors

Affirm Holdings has seen its stock down 77% since a November high, but founder Max Levchin is confident that his company will be able to underwrite more customers than any bank, The Wall Street Journal (WSJ) wrote.

Affirm CEO: Recession Will Prove Our Underwriting Smarts

While shares of the buy now, pay later business are down 77% from November, Max Levchin expects lending models to set the company apart.

Affirm CEO Says Next Recession Will Silence Doubters

Affirm Holdings, Inc. (NASDAQ: AFRM) is an American financial technology company that operates as a financial lender of installment loans for consumers to use at the point of sale to finance purchases.

Is Affirm Stock Still Worth Buying After Flying 175% Higher?

AMC Entertainment

Bed Bath & Beyond

Beyond Meat

Coinbase

Carvana

GameStop

MicroStrategy Incorporated

Sirius XM Holdings Inc

Upstart Holdings

How likely is it that a beaten-down, heavily shorted stock can become a near certain candidate for a short squeeze?

10 Perfect Short Squeeze Targets

SoFi Technologies

Inflation taketh away, and inflation giveth.

Why Upstart, SoFi Technologies, and Affirm Were Skyrocketing Today

DocuSign

A recovery could bring considerable returns in these stocks.

Nasdaq Rebound: 3 Stocks Down 67% to 82% to Buy Now

SoFi's Q2 earnings results pleased the market.

Here's Why SoFi, Affirm, and Upstart Are Rising This Week

Affirm (NASDAQ: AFRM ) stock is in full focus following a significant purchase by Baillie Gifford. Meanwhile, Affirm has confirmed that it will report earnings on Aug. 25 after the market close.

Baillie Gifford Just Doubled Down on Affirm (AFRM) Stock

Affirm's year-end Q4 result is now in sight. Fintech is going to lead the new bull market, with Affirm being one of the leading players in this space.

Affirm: Time To Go Long

Marqeta

Here's Why Shares of Affirm, SoFi, and Marqeta Surged In July

The buy now, pay later stock got a nice boost from good news from one of its merchant partners.

Why Affirm Holdings Stock Climbed Higher Today

SAN FRANCISCO--(BUSINESS WIRE)--Affirm Holdings, Inc. (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth, today announced it will host a conference call and webcast to discuss fourth quarter and fiscal year 2022 financial results on Thursday, August 25, 2022 at 5:00pm ET. Hosting the call will be Max Levchin, Founder and Chief Executive Officer, and Michael Linford, Chief Financial Officer. The conference call will be webcast live from the Company's inv

Affirm to Announce Fourth Quarter and Fiscal Year 2022 Results on August 25, 2022

We believe Affirm could benefit from its partnerships with large firms across various markets, including e-commerce with market leaders Amazon, Shopify and WooCommerce. In Fintech, we expect Affirm's partnerships with major payment facilitators to enable its BNPL option to merchants to benefit the company's growth.

Affirm: Strong Partnerships Driving Future Growth

Roku

Combinations of company-specific bad news and economic worries sent these stocks down hard on a rough day for tech stocks broadly.

Coinbase, Affirm, and Roku Lead Nasdaq Stocks Lower: Avoid or Opportunity?

Nu Holdings

Tech and fintech stocks are struggling as investors gear up for a big week of economic data and insights.

Why Shares of Affirm, Upstart, and Nu Holdings Are Falling Today

It was a good week for these three fintechs up until Friday, when a bad economic report shifted the market's mood.

Why SoFi, Upstart, and Affirm Plunged Today

Beaten-down fintech stocks got a break this week, but will it last?

Why SoFi Technologies, Upstart, and Affirm Rose This Week

Affirm reported a stronger than expected quarter in May, with revenue and GMV both coming in nicely above expectations. Guidance for Q4 was slightly disappointing, with revenue below consensus at the midpoint and adjusted operating loss widening.

Affirm: Cautious Around Slowing Consumer Spend And Regulatory Scrutiny

The stock market surged higher today to continue the recent market rally.

Why Shares of Affirm, Upstart, and Nu Holdings Rose Today

Affirm shares are trading in a narrow range. Strong quarterly results and fair outlook discussed.

Why Affirm Is A Buy Now, Profit Later

Block

Positive consumer spending news helped bolster a number of fintech stocks.

News for Affirm Stock (AFRM)