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AFRM stock ticker logo

Affirm Holdings, Inc.

NASDAQ•AFRM
CEO: Mr. Max Roth Levchin
Sector: Technology
Industry: Software - Infrastructure
Listing Date: 2021-01-13
Affirm Holdings, Inc. operates payment network in the United States, Canada, and internationally. The company's platform includes point-of-sale payment solution for consumers, merchant commerce solutions, and a consumer-focused app. Its commerce platform, agreements with originating banks, and capital markets partners enables consumers to pay for a purchase over time. The company has active merchants covering small businesses, large enterprises, direct-to-consumer brands, brick-and-mortar stores, and companies with an omni-channel presence. Its merchants represent a range of industries, including sporting goods and outdoors, home and lifestyle, travel and ticketing, electronics, fashion and beauty, equipment and auto, and general merchandise. Affirm Holdings, Inc. was founded in 2012 and is headquartered in San Francisco, California.
Contact Information
650 California Street, San Francisco, CA, 94108, United States
415-960-1518
www.affirm.com
Market Cap
$17.49B
P/E (TTM)
62.2
45.5
Dividend Yield
--
52W High
$100.00
52W Low
$30.90
52W Range
31%
Rank65Top 96.0%
1.6
F-Score
Modified Piotroski Analysis
Based on 7-year fundamentals
Weak • 1.6 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2019-2025

Financial Dashboard

Q2 2026 Data

Revenue

$1.12B+0.00%
4-Quarter Trend

EPS

$0.39+0.00%
4-Quarter Trend

FCF

$118.03M+0.00%
4-Quarter Trend

2026 Q2 Earnings Highlights

Key Highlights

Strong Quarterly Revenue Growth Total net revenue reached $1.123 B for the three months ended December 31, 2025, marking a substantial 30% increase.
Net Income Jumps 61% Net income for the quarter was $129.6 M, showing a significant 61% improvement compared to $80.4 M last year.
GMV Growth Accelerates Quarterly GMV hit $13.8 B, increasing 36% versus prior year, driven by top merchants and Affirm Card adoption.
Active Consumer Base Expands Active consumers grew 23% to 25.8 million as of December 31, 2025, indicating strong network adoption.

Risk Factors

Credit Loss Provision Rises Provision for credit losses increased 40% to $214.2 M for the quarter, reflecting higher expected lifetime losses.
Operating Expenses Increase Total operating expenses grew 15% to $1.005 B, driven by higher provision and technology investments.
Macroeconomic Uncertainty Persists Continued inflation and interest rate volatility may negatively impact consumer spending and loan repayment performance.
Legal Proceedings Exposure Ongoing legal claims, including appeals, require management resources and present unquantifiable financial uncertainty.

Outlook

Bank Charter Application Filed Submitted application for Affirm Bank subsidiary in Nevada, aiming for enhanced funding flexibility and diversification.
Valuation Allowance Release Expected Expect potential release of domestic deferred tax valuation allowance within FY2026 based on improved earnings trends.
Warrant Expense Normalization Amazon warrant expense decreased significantly as vesting completed, easing pressure on sales and marketing costs.
Focus on Network Expansion Strategy centers on expanding merchant base and platform partnerships to sustain consumer engagement and transaction growth.

Peer Comparison

Revenue (TTM)

TOST stock ticker logoTOST
$6.15B
+24.1%
CPAY stock ticker logoCPAY
$4.53B
+13.9%
AFRM stock ticker logoAFRM
$3.72B
+32.7%

Gross Margin (Latest Quarter)

VRSN stock ticker logoVRSN
88.5%
+0.3pp
NTNX stock ticker logoNTNX
87.4%
+0.9pp
CHKP stock ticker logoCHKP
85.1%
-2.1pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
CPAY$22.69B21.027.9%38.3%
VRSN$22.13B26.7-40.4%135.6%
MDB$21.48B-301.5-2.4%0.9%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
12.8%
Steady Growth
4Q Net Income CAGR
258.9%
Profitability Improved
Cash Flow Stability
100%
Strong Cash Flow

Deep Research

Next earnings:May 6, 2026
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LTM
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