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

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Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

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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

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.

Why These 3 Stocks Are the Worst Ways to Play Fintech Right Now

Nikola

Annaly Capital

Looking at the stock market today, smart investors know there are just some stocks to avoid in July. The S&P 500 sits only 6% below the all-time high it hit to kick off 2023.

The 3 Worst Stocks to Buy Now: July 2023 Edition

Shares of Affirm Holdings Inc. AFRM, +8.86% were rising more than 8% in Thursday's midday action after Barclays analyst Ramsey El-Assal boosted his price target on the buy-now-pay-later stock to $19 from $16. He wrote that he doesn't expect many surprises in Affirm's June-quarter earnings report, though he thinks expectations for revenue less transaction costs might be too upbeat.

Affirm's stock gets a lift after Barclays calls it ‘a winner through the cycle'

Affirm (AFRM) gains from analyst optimism regarding the Debit+ card, thereby enhancing the company's prospects.

Affirm's (AFRM) Shares Surge 9.7% on Debit+ Card Optimism

Affirm Holdings Inc. shares AFRM, +8.28% were rallying more than 5% in premarket trading Tuesday after an analyst weighed in with positive commentary on the company's Debit+ debit-card business. Mizuho's Dan Dolev pointed to “promising” Google search trends for the company's debit-card product, which lets customers split purchases into installments.

Affirm stock pops after analyst cheers Debit+ opportunity

The CE 100 Index lost 1.1% in a shortened holiday week, with payments-focused names declining.   Only two segments gained ground through the four trading sessions that ended Friday, as the Shop vertical was up 1.5%.

CE 100 Index Sheds 1.1% as Affirm, Sezzle Losses Offset FIS Sizzle

Affirm's partnerships with Amazon and Shopify have solidified its leadership position in the buy now, pay later (BN/PL) sector. The company's use of AI technology has also helped protect it against rising delinquencies. Despite facing challenges such as interest rate increases and a slowdown in consumer spending growth, Affirm has made strides in terms of improving profitability performance. The company's shares are often volatile, and frequently are analogs for interest rate speculation, but its current valuation reflects much of this uncertainty.

Affirm: What's Next After The Dead Cat Bounce Of The Shares?

The job numbers came in hot. The Fed looks set to raise rates.

FinTech IPO Index Slips 1% as Affirm Sinks on Analyst Downgrade

Affirm is sunsetting Returnly and transitioning the merchants using that platform to Loop. Returnly, which was acquired by buy now, pay later (BNPL) provider Affirm in 2021 and offers shoppers a self-service online returns experience, will be closed by early October, Affirm said in a Thursday (July 6) blog post.

Affirm Sunsetting Returnly and Recommending Merchants Use Loop

Caribou Biosciences

Here are three of today's notable movers, as the  broader market  takes a tumble following this morning's flood of economic data.

3 Stocks Moving Today: CRBU, META, AFRM

Piper Sandler analyst Kevin Barker downgraded shares of Buy Now Pay Later company Affirm to Underweight from Neutral. The analyst said "stubbornly high" rates will apply "incremental pressure.

Affirm Stock Is Tumbling. Rising Rates Prompted a Downgrade.

Affirm: A Brilliant Business Model Atop A Giant Net Liquidity Position

Shares of Affirm Holdings Inc. were knocked down Thursday after Piper Sandler analyst Kevin Barker recommended investors sell, as higher rates and competition hurt revenue and lead to margin contraction.

Affirm's stock dives after analyst gives reasons investors should sell

C3.ai

Carvana

2023 has been a great year for the Nasdaq, with the tech-heavy index up 30%. With inflation moderating and the Federal Reserve seemingly set to pivot in its interest rate hike campaign, things are looking up.

3 Tech Stocks That Just Have No More Hope Left

Affirm Holdings' partnership with Amazon Pay is a game changer, offering potential for sales and profit growth as the fintech leverages Amazon Pay's scale. The deal could lead to higher conversions and order values for merchants, creating a win-win situation for all parties involved. With improving sentiment and high short interest ratio, Affirm Holdings could be a potential short squeeze target.

Affirm: Why Amazon Partnership Is A Potential Game Changer

Affirm Holdings Inc. offers a unique value proposition in the buy-now-pay-later market, with a recent partnership with Amazon expected to boost transaction volume and revenue growth. AFRM faces challenges from competitors and inconsistent financial performance, but its commitment to customer service and innovation may help it navigate these obstacles. Affirm's stock may be a promising addition to investors' portfolios looking for exposure to the rapidly growing fintech sector, but its ability to turn growth strategy into sustainable profitability will be crucial for long-term success.

Affirm: The Future Of Fintech?

Affirm Holdings continued its decline in Thursday pre-market trading after broker BTIG initiated coverage on the company with a sell rating and $10 price target.  After sinking 9.1% on Wednesday, shares of the San Francisco-headquartered technology company were 2.5% down at $16.61 ahead of the market open.

Affirm set to continue decline following analyst 'Sell' rating

Shares of Affirm Holdings Inc. AFRM were losing 8% in Wednesday's session after BTIG analyst Lance Jessurun initiated coverage of the buy-now-pay-later operator's stock with a sell rating and $10 target price. “Our biggest concern is the pace at which expenses are outpacing revenue growth,” he wrote in his note to clients.

Affirm stock sinks after BTIG makes bearish call, seeing room for 40% downside

Affirm Holdings, Inc. (NASDAQ:AFRM ) RBC Capital Markets 2023 Financial Technology Conference June 13, 2023 8:00 AM ET Company Participants Rob O'Hare - Senior Vice President, Finance Conference Call Participants Dan Perlin - RBC Capital Markets Dan Perlin Good morning, everyone. My name is Dan Perlin, I head up the fintech practice here at RBC, and let me just say thank you so much for joining us today.

Affirm Holdings, Inc. (AFRM) RBC Capital Markets 2023 Financial Technology Conference (Transcript)

Affirm Holdings, Inc. (NASDAQ:AFRM ) CFO Fireside Chat Transcript June 12, 2023 10:30 AM ET Company Participants Michael Linford - Chief Financial Officer Conference Call Participants Matthew O'Neill - Co-Director of Research and Managing Director, FT Partners Craig Maurer - Co-Director of Research and Managing Director, FT Partners Michael Linford Good morning, everyone. And thank you for dialing into our quarterly conversation.

Affirm Holdings, Inc. (AFRM) CFO Fireside Chat Transcript

Affirm (NASDAQ: AFRM) stock price has made a strong recovery in the past few months as technology shares jump and FOMO mood sets in. The shares jumped to $19.26, the highest level since February 3rd of this year.

Affirm stock price could form a rare golden cross pattern soon

Affirm Holdings, Inc. (NASDAQ:AFRM ) Bank of America 2023 Global Technology Conference June 8, 2023 1:40 PM ET Company Participants Michael Linford - Chief Financial Officer Conference Call Participants Jason Kupferberg - Bank of America Jason Kupferberg Hi everyone. I'm Jason Kupferberg, the payments, processors and IT services analyst here at Bank of America.

Affirm Holdings, Inc. (AFRM) Bank of America 2023 Global Technology Conference Transcript

Affirm Holdings, Inc. AFRM shares gained on Wednesday after Amazon.Com Inc's AMZN Amazon Pay allowed merchants to offer Affirm's pay-over-time options to their customers at checkout.

News for Affirm Stock (AFRM)