Affirm Holdings, Inc. (AFRM)
Affirm Holdings, Inc. operates payment network in the United States, Canada, and internationally. Its platform offers pay-over-time solutions at checkout for both consumers and merchants. The company's commerce platform, agreements with originating banks, and capital markets partners enables consumers to pay for a purchase over time. It has active merchants covering small businesses, large enterprises, direct-to-consumer brands, brick-and-mortar stores, and companies with an omni-channel presence. The company's merchants represent a range of industries, including electronics; equipment and auto; fashion and beauty; general merchandise; home and lifestyle services; sporting goods and outdoors; and travel and ticketing. Affirm Holdings, Inc. was founded in 2012 and is headquartered in San Francisco, California.
- Symbol
- AFRM
- Exchange
- Nasdaq
- Sector
- Financial Services
- Industry
- Credit Services
- Market cap
- $22.82B
- 52 week range
- 42.1 - 90.44
Valuation
- Share price
- $68.09 (close of 2026-09-23)
- P/E (TTM)
- 11.82x
- Price to book
- 4.16x
- Price to free cash flow
- 22.99x
- Enterprise value
- $31.21B
- Book value per share
- $16.36
Price performance
| Period | Change |
|---|
| 1 day | -4.17% |
| 5 days | -5.55% |
| 1 month | -11.61% |
| 3 months | -5.21% |
| 6 months | +47.51% |
| Year to date | -8.52% |
| 1 year | -17.70% |
| 3 years | +237.41% |
| 5 years | -46.34% |
| All time | -29.34% |
Profitability and growth
- Return on equity
- 35.19%
- Return on invested capital
- 3.00%
- Return on assets
- 12.22%
- Gross margin
- 92.65%
- Net margin
- 133.65%
- EBITDA margin
- 49.89%
- Revenue growth
- 29.62%
- Net income growth
- 3597.91%
- Free cash flow growth
- 64.97%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- 4.35%
- Net debt to EBITDA
- 6.71x
Latest reported year
- Period end
- 2026-06-30
- Fiscal year
- 2026
- Revenue
- $1.44B
- Cost of revenue
- $106.10M
- Gross profit
- $1.34B
- EBITDA
- $720.31M
- Net income
- $1.93B
- Earnings per share
- $5.76
- Shares outstanding
- 335.16M
Income statement by year
| Period end | Revenue | Gross profit | Net income | EPS |
|---|
| 2026-06-30 | $1.44B | $1.34B | $1.93B | $5.76 |
| 2025-06-30 | $1.11B | $892.63M | $52.19M | $0.16 |
| 2024-06-30 | $826.01M | $485.85M | $-517.76M | $-1.67 |
| 2023-06-30 | $626.94M | $23.82M | $-985.35M | $-3.34 |
| 2022-06-30 | $559.21M | $243.79M | $-707.42M | $-2.51 |
| 2021-06-30 | $429.40M | $182.27M | $-441.03M | $-2.78 |
| 2020-06-30 | $276.09M | $38.48M | $-112.60M | $-2.63 |
| 2019-06-30 | $140.27M | - | $-120.45M | $-2.84 |
Margins and returns by year
| Period end | Gross margin | Net margin | Return on equity | Return on capital |
|---|
| 2026-06-30 | 92.65% | 133.65% | 35.19% | 3.00% |
| 2025-06-30 | 80.13% | 4.68% | 1.70% | -0.91% |
| 2024-06-30 | 58.82% | -62.68% | -18.95% | -7.39% |
| 2023-06-30 | 3.80% | -157.17% | -38.88% | -16.87% |
| 2022-06-30 | 43.60% | -126.50% | -27.02% | -40.38% |
| 2021-06-30 | 42.45% | -102.71% | -17.12% | -20.45% |
| 2020-06-30 | 13.94% | -40.78% | 30.67% | -58.65% |
| 2019-06-30 | - | -85.87% | 45.73% | - |
Cash and debt by year
| Period end | Cash | Debt |
|---|
| 2026-06-30 | $1.63B | $9.79B |
| 2025-06-30 | $1.35B | $7.61B |
| 2024-06-30 | $1.01B | $1.84B |
| 2023-06-30 | $892.03M | $1.76B |
| 2022-06-30 | $1.26B | $672.58M |
| 2021-06-30 | $1.47B | $680.60M |
| 2020-06-30 | $267.06M | $817.93M |
Free cash flow by year
| Period end | Free cash flow | Stock-based compensation |
|---|
| 2026-06-30 | $992.63M | $304.67M |
| 2025-06-30 | $601.72M | $321.43M |
| 2024-06-30 | $290.84M | $344.51M |
| 2023-06-30 | $-108.59M | $451.71M |
| 2022-06-30 | $-248.48M | $390.98M |
| 2021-06-30 | $-213.38M | $292.51M |
| 2020-06-30 | $-92.32M | $29.63M |
| 2019-06-30 | $-107.06M | $33.70M |
Investor relations
Next earnings report
- Next confirmed report
- 2026-11-05
- Consensus EPS estimate
- $0.34
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|
| 2026-08-27 | Jun/2026 | $0.33 |
| 2026-05-07 | - | - |
| 2026-02-05 | - | - |
| 2025-11-06 | - | - |
| 2025-08-28 | - | - |
| 2025-05-08 | - | - |
| 2025-02-06 | - | - |
| 2024-11-07 | - | - |
Filings and sources
- Company website
- affirm.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
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