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Affirm Holdings, Inc. logo

Affirm Holdings, Inc.

AFRM

NASDAQFinancial ServicesFinancial - Credit Services

Open in GoAI

Previous close

$77.03

+$1.98 · +2.64%

Aug 21, 4:00 PM ET

Pre-market

$76.5808

−$0.4492 · -0.58%

Aug 24, 8:50 AM ET

AFRM company overview

Historical prices · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

76

Undervalued

Momentum

67

Gaining

Sentiment

59

Mixed

Risk resilience

29

High Risk

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Thesis, catalysts, evidence, and risk analysis.

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Company profile

Company website

Affirm Holdings, Inc. provides a digital and mobile-first commerce platform that operates across the United States and Canada. This platform offers consumers a point-of-sale financing solution, delivers various tools for merchants, and includes a dedicated mobile application for users. Leveraging its payment network and partnerships with originating banks, the company enables customers to spread the cost of their purchases over time, with payment terms ranging from a single month up to forty-eight months. By June 30, 2021, approximately 29,000 merchants had integrated Affirm's services, representing a diverse array of businesses from small enterprises and large corporations to direct-to-consumer brands and traditional physical stores. These businesses span numerous industries, including sporting goods, home furnishings, travel, apparel, accessories, consumer electronics, and jewelry. Affirm was founded in 2012 and is based in San Francisco, California.

Industry
Financial - Credit Services
Sector
Financial Services
Headquarters
US
CEO
Max Rafailovych Levchin
Listed since
Jan 13, 2021
Employees
2,206

Market position

Day range

Current $77.03

52-week range

Current $77.03

Open
$75.81
Previous close
$75.05
Volume
2.39M
0.55× average
Average volume
4.38M
Average daily volume
Market cap
25.8B USD
Beta
3.62
Market reference 1
50-day average
$76.503
+0.69% above average
200-day average
$66.3779
+16.05% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
28.82B USD
P/E (TTM)
66.98×
P/B (TTM)
6.86×
P/S (TTM)
6.5×
EV / EBITDA
40.48×
Earnings yield
0.23%
Free cash flow yield
2.70%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
67.71%
Operating margin
11.12%
Net margin
9.63%
Return on equity
1.70%
Return on assets
0.47%
Return on invested capital
-0.68%

Financial health

Debt / equity
2.36×
Current ratio
54.19×
Altman Z-score
2.12
Piotroski F-score
7 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends82%25%-33%-90%Gross margin, FY2021: 62.90%Gross margin, FY2022: 57.28%Gross margin, FY2023: 45.01%Gross margin, FY2024: 63.62%Gross margin, FY2025: 67.51%Operating margin, FY2021: -44.08%Operating margin, FY2022: -64.19%Operating margin, FY2023: -75.62%Operating margin, FY2024: -26.51%Operating margin, FY2025: -2.71%Net margin, FY2021: -50.67%Net margin, FY2022: -52.43%Net margin, FY2023: -62.05%Net margin, FY2024: -22.29%Net margin, FY2025: 1.62%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 62.90%. Gross margin FY2022 57.28%. Gross margin FY2023 45.01%. Gross margin FY2024 63.62%. Gross margin FY2025 67.51%. Operating margin FY2021 -44.08%. Operating margin FY2022 -64.19%. Operating margin FY2023 -75.62%. Operating margin FY2024 -26.51%. Operating margin FY2025 -2.71%. Net margin FY2021 -50.67%. Net margin FY2022 -52.43%. Net margin FY2023 -62.05%. Net margin FY2024 -22.29%. Net margin FY2025 1.62%.

Income trends

Revenue

3.22B USD+38.80%

Operating income

−87.27M USD+85.83%

Net income

52.19M USD+569.94M USD
Income trends across reported periods3.67B USD1.9B USD126.72M USD−1.64B USDRevenue, FY2021: 870.46M USDRevenue, FY2022: 1.35B USDRevenue, FY2023: 1.59B USDRevenue, FY2024: 2.32B USDRevenue, FY2025: 3.22B USDOperating income, FY2021: −383.67M USDOperating income, FY2022: −866.05M USDOperating income, FY2023: −1.2B USDOperating income, FY2024: −615.85M USDOperating income, FY2025: −87.27M USDNet income, FY2021: −441.03M USDNet income, FY2022: −707.42M USDNet income, FY2023: −985.35M USDNet income, FY2024: −517.76M USDNet income, FY2025: 52.19M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 870.46M USD. Revenue FY2022 1.35B USD. Revenue FY2023 1.59B USD. Revenue FY2024 2.32B USD. Revenue FY2025 3.22B USD. Operating income FY2021 −383.67M USD. Operating income FY2022 −866.05M USD. Operating income FY2023 −1.2B USD. Operating income FY2024 −615.85M USD. Operating income FY2025 −87.27M USD. Net income FY2021 −441.03M USD. Net income FY2022 −707.42M USD. Net income FY2023 −985.35M USD. Net income FY2024 −517.76M USD. Net income FY2025 52.19M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue3.22B USD2.32B USD1.59B USD1.35B USD870.46M USD
Cost of goods sold1.05B USD845.11M USD873.16M USD576.46M USD322.91M USD
Gross profit2.18B USD1.48B USD714.82M USD772.84M USD547.55M USD
Selling, general, and administrative979.9M USD1.1B USD1.22B USD1.11B USD565.94M USD
Operating expenses2.26B USD2.09B USD1.92B USD1.64B USD931.22M USD
Interest expense425.45M USD344.25M USD183.01M USD69.69M USD52.7M USD
Depreciation and amortization225.08M USD169.04M USD134.63M USD52.72M USD19.98M USD
Operating income−87.27M USD−615.85M USD−1.2B USD−866.05M USD−383.67M USD
Net income52.19M USD−517.76M USD−985.35M USD−707.42M USD−441.03M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
100%
11 beats, 0 misses, 0 met estimates
Average EPS surprise
+82.29%
11 comparable reports
Latest EPS result
0.3
Estimate 0.17 · Beat by 76.06%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.430.15-0.12-0.4Q4 '24BeatQ1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26Estimate
Q4 2024, reported Nov 7, 2024: actual -0.31, estimate -0.34, surprise +8.82%, Beat. Q1 2025, reported Feb 6, 2025: actual 0.23, estimate -0.21, surprise +209.52%, Beat. Q2 2025, reported May 8, 2025: actual 0.01, estimate -0.006, surprise +258.23%, Beat. Q3 2025, reported Aug 28, 2025: actual 0.2, estimate 0.124, surprise +61.94%, Beat. Q4 2025, reported Nov 6, 2025: actual 0.23, estimate 0.112, surprise +105.17%, Beat. Q1 2026, reported Feb 5, 2026: actual 0.37, estimate 0.28, surprise +32.14%, Beat. Q2 2026, reported May 7, 2026: actual 0.3, estimate 0.17, surprise +76.06%, Beat. Q3 2026, reported Aug 27, 2026: actual —, estimate 0.349, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates1.17B984.98M802.03M619.09MQ4 '24BeatQ1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26Estimate
Q4 2024, reported Nov 7, 2024: actual 698.48M USD, estimate 664.01M USD, surprise +5.19%, Beat. Q1 2025, reported Feb 6, 2025: actual 866.38M USD, estimate 807.16M USD, surprise +7.34%, Beat. Q2 2025, reported May 8, 2025: actual 783.13M USD, estimate 782.97M USD, surprise +0.02%, Beat. Q3 2025, reported Aug 28, 2025: actual 876.42M USD, estimate 837.04M USD, surprise +4.70%, Beat. Q4 2025, reported Nov 6, 2025: actual 933.34M USD, estimate 883.16M USD, surprise +5.68%, Beat. Q1 2026, reported Feb 5, 2026: actual 1.12B USD, estimate 1.06B USD, surprise +6.37%, Beat. Q2 2026, reported May 7, 2026: actual 1.04B USD, estimate 995.27M USD, surprise +4.37%, Beat. Q3 2026, reported Aug 27, 2026: actual —, estimate 1.11B USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$91.92

19.33% upside
Past 12 months12-month forecastHigh $106Average $91.92Low $75.00

Rating distribution

35 ratings
Strong buy00%
Buy2469%
Hold1029%
Sell13%
Strong sell00%

Recent analyst actions

12 institutions
BairdmaintainNeutral

AFRM news

247wallst.com

SoFi Climbs 5% as Robinhood Spikes 13%, Affirm Ticks Up: Is There a Crypto Connection Here?

Fintech is Friday's sympathy trade, driven by Bitcoin‘s (CRYPTO:BTC)'s breakout pulling capital into retail brokerages and crypto-linked fintech corners.

Read source
247wallst.com

Klarna Slides 5%, Affirm Slips 3%, but PayPal Stays in the Green: Is a Rotation in BNPL Stocks Afoot?

A sustained rotation toward established financial companies could leave Klarna and Affirm with more work to do before their stocks regain momentum.

Read source
zacks.com

Visa vs. Affirm: Which Fintech Stock Has More Potential?

AFRM's faster growth, expanding BNPL ecosystem and lower valuation multiple give it the edge over V for greater upside potential.

Read source
247wallst.com

Cramer Warns Fintech Bulls: These Three Stocks Are Priced for Perfection

Jim Cramer used a recent CNBC Stop Trading segment to push back against what he sees as reflexive analyst enthusiasm for a narrow group of fintech names.

Read source
247wallst.com

SoFi Climbs 6%, Upstart Jumps 8%, Affirm Rises 7% as Fintech Names Rebound With Bond Market Catalyst

Fintech names are rebounding at midday Wednesday. SoFi Technologies (NASDAQ:SOFI | SOFI Price Prediction) stock is up 6% to $18.66, Upstart Holdings (NASDAQ:UPST) stock is up 8% to $31.58, and Affirm Holdings…

Read source
247wallst.com

Klarna Craters 19% on Guidance Cut While Affirm, PayPal Shrug It Off

Klarna Group (NYSE:KLAR | KLAR Price Prediction) stock is down 19% to $15.84 Tuesday morning after the buy now, pay later company cut its full-year revenue and volume outlook, overshadowing a Q2 2026 beat and raised…

Read source

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ETFs holding AFRM

Funds reporting this stock among their holdings, ordered by reported position size.

Vanguard Morningstar Total Stock Market ETF logoVanguard Morningstar Total Stock Market ETFVTI
Market value
603.08M
Weight
0.03%
AUM
2.3T USD
Expense ratio
0.03%
Price / 1D
$378.24+0.44%
Vanguard Morningstar Small-Cap ETF logoVanguard Morningstar Small-Cap ETFVB
Market value
435.35M
Weight
0.23%
AUM
183.4B USD
Expense ratio
0.03%
Price / 1D
$304.76+0.64%
Vanguard Morningstar Small-Cap Growth ETF logoVanguard Morningstar Small-Cap Growth ETFVBK
Market value
251.85M
Weight
0.56%
AUM
43.8B USD
Expense ratio
0.05%
Price / 1D
$358.65+0.70%
Vanguard Extended Market ETF logoVanguard Extended Market ETFVXF
Market value
242.49M
Weight
0.25%
AUM
93.7B USD
Expense ratio
0.05%
Price / 1D
$245.53+0.82%
Capital Group Growth ETF logoCapital Group Growth ETFCGGR
Market value
152.78M
Weight
0.61%
AUM
25.04B USD
Expense ratio
0.39%
Price / 1D
$47.00+1.12%
iShares Russell Mid-Cap Growth ETF logoiShares Russell Mid-Cap Growth ETFIWP
Market value
121.16M
Weight
0.59%
AUM
20.62B USD
Expense ratio
0.23%
Price / 1D
$143.66+0.99%
iShares Russell Mid-Cap ETF logoiShares Russell Mid-Cap ETFIWR
Market value
85.7M
Weight
0.15%
AUM
57.66B USD
Expense ratio
0.18%
Price / 1D
$113.44+0.70%
iShares Russell 1000 Growth ETF logoiShares Russell 1000 Growth ETFIWF
Market value
79.32M
Weight
0.06%
AUM
125.47B USD
Expense ratio
0.18%
Price / 1D
$122.39+0.47%

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