Affirm Holdings, Inc.
Affirm Holdings, Inc.
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Financial Statements
Values in Millions ($) | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Data beyond 3 years is for subscribers only. Unlock 17+ years of financial data Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Common Stock | - | - | - | - | - | - | 314 | - | 3 | 4 | 301 | 297 | |||||
Notes Issued By Securitization Trusts | 493 | 4 | 4,831 | 4,834 | 4,085 | 3,989 | 3,985 | 3,237 | 3,241 | 2,741 | 2,399 | 2,166 | |||||
Variable Interest Entity Primary Beneficiary | 62 | -8 | 318 | 193 | -89 | 14 | 210 | 146 | -49 | -10 | 216 | 204 | |||||
Cash And Cash Equivalents At Carrying Value | 1,723 | 1,528 | 1,429 | 1,354 | 1,351 | 1,200 | 1,046 | 1,013 | 1,273 | 1,037 | 1,079 | 892 | |||||
Restricted Cash | 751 | 567 | 669 | 402 | 385 | 537 | 338 | 282 | 347 | 411 | 409 | 368 | |||||
Other Investments | 758 | 723 | 812 | 871 | 780 | 667 | 1,074 | 1,132 | 781 | 914 | 1,022 | 1,175 | |||||
Loans Receivable Held For Sale Amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Notes Receivable Gross | 8,573 | 8,774 | 7,235 | 7,026 | 6,630 | 6,796 | 6,311 | 5,670 | 5,461 | 5,239 | 4,549 | 4,403 | |||||
Financing Receivable Allowance For Credit Losses | -512 | -478 | -426 | -397 | -375 | -364 | -351 | -309 | -289 | -262 | -232 | -205 | |||||
Notes Receivable Net | 8,061 | 8,295 | 6,809 | 6,629 | 6,255 | 6,432 | 5,960 | 5,361 | 5,172 | 4,977 | 4,317 | 4,198 | |||||
Accounts Receivable Net | 231 | 268 | 284 | 426 | 220 | 204 | 308 | 353 | 293 | 307 | 236 | 199 | |||||
Property Plant And Equipment Net | 668 | 640 | 614 | 573 | 543 | 506 | 473 | 428 | 402 | 370 | 339 | 290 | |||||
Goodwill | 529 | 533 | 530 | 534 | 522 | 522 | 537 | 533 | 536 | 541 | 536 | 543 | |||||
Intangible Assets Net Excluding Goodwill | 27 | 13 | 13 | 13 | 12 | 12 | 13 | 14 | 15 | 17 | 20 | 34 | |||||
Other Assets | 352 | 345 | 270 | 295 | 301 | 325 | 299 | 299 | 263 | 356 | 292 | 279 | |||||
Assets | 13,142 | 12,957 | 11,479 | 11,155 | 10,436 | 10,481 | 10,139 | 9,520 | 9,201 | 9,065 | 8,407 | 8,156 | |||||
Liabilities And Stockhold… | |||||||||||||||||
Liabilities | |||||||||||||||||
Accounts Payable Current And Noncurrent | 60 | 57 | 58 | 83 | 41 | 51 | 58 | 41 | 35 | 60 | 27 | 29 | |||||
Interest Payable Current And Noncurrent | 28 | 29 | 26 | 24 | 24 | 25 | 24 | 24 | 23 | 22 | 20 | 13 | |||||
Accrued Liabilities And Other Liabilities | 218 | 184 | 166 | 157 | 174 | 156 | 137 | 147 | 150 | 150 | 160 | 181 | |||||
Convertible Debt | 1,129 | 1,128 | 1,128 | 1,153 | 1,152 | 1,151 | 1,203 | 1,341 | 1,386 | 1,416 | 1,415 | 1,414 | |||||
Line Of Credit | 2,418 | 3,047 | 1,778 | 1,623 | 1,909 | 2,167 | 1,744 | 1,837 | 1,613 | 1,907 | 1,710 | 1,765 | |||||
Liabilities | 9,358 | 9,410 | 8,180 | 8,086 | 7,561 | 7,696 | 7,304 | 6,788 | 6,578 | 6,430 | 5,840 | 5,621 | |||||
Stockholders Equity | |||||||||||||||||
Additional Paid In Capital | 6,551 | 6,410 | 6,299 | 6,141 | 6,045 | 5,962 | 6,054 | 5,863 | 5,705 | 5,572 | 5,355 | 5,141 | |||||
Retained Earnings Accumulated Deficit | -2,744 | -2,847 | -2,976 | -3,057 | -3,126 | -3,129 | -3,209 | -3,109 | -3,064 | -2,930 | -2,763 | -2,591 | |||||
Accumulated Other Comprehensive Income Loss Net Of… | -24 | -17 | -24 | -15 | -45 | -48 | -9 | -22 | -17 | -7 | -25 | -15 | |||||
Stockholders Equity | 3,783 | 3,547 | 3,299 | 3,069 | 2,875 | 2,786 | 2,836 | 2,732 | 2,623 | 2,635 | 2,567 | 2,534 | |||||
Liabilities And Stockholders Equity | 13,142 | 12,957 | 11,479 | 11,155 | 10,436 | 10,481 | 10,139 | 9,520 | 9,201 | 9,065 | 8,407 | 8,156 | |||||
Assets | |||||||||||||||||
Common Class A | 2 | 3 | 289 | 0 | 5 | 5 | 272 | 0 | 4 | 17 | 242 | 0 | |||||
Common Class B | -0 | -0 | 41 | 0 | -0 | -1 | 42 | 0 | -2 | -12 | 60 | 0 | |||||
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Earnings Market Reaction
| Fiscal Year | Q1 1 Month | Q1 2 Month | Q1 3 Month | Q2 1 Month | Q2 2 Month | Q2 3 Month | Q3 1 Month | Q3 2 Month | Q3 3 Month | Q4 1 Month | Q4 2 Month | Q4 3 Month |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 7.57% | 14.93% | 8.29% | -20.94% | -28.42% | 7.24% | 9.34% | 18.01% | 4.26% | - | - | - |
| 2025 | 43.49% | 32.49% | 14.22% | 3.89% | -25.18% | -20.50% | 11.83% | 46.65% | 44.56% | 15.24% | -15.11% | -11.85% |
| 2024 | 73.12% | 125.83% | 89.98% | -22.78% | -24.30% | -32.28% | -7.31% | -4.34% | -14.19% | 42.27% | 41.04% | 77.80% |
| 2023 | - | - | - | - | - | - | 27.64% | 24.63% | 40.41% | 36.99% | 1.18% | 26.08% |
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Performance and Valuation Metrics
Metrics | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Data beyond 3 years is for subscribers only. Unlock 17+ years of financial data Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Leverage & Debt | |||||||||||||||||
| Interest Coverage TTM | 0.74 | 0.53 | 0.25 | -0.21 | -0.53 | -0.93 | -1.44 | -1.79 | -2.52 | -3.43 | -4.84 | -6.56 | |||||
Per Share Metrics | |||||||||||||||||
| Diluted EPS TTM | 1.10 | 0.81 | 0.67 | 0.15 | -0.18 | -0.58 | -1.40 | -1.67 | -2.17 | -2.44 | -2.98 | -3.34 | |||||
| Free Cash Flow Per Share TTM | 2.33 | 1.85 | 2.33 | 1.86 | 1.88 | 1.90 | 1.20 | 0.94 | 0.89 | 0.11 | -0.22 | -0.37 | |||||
| Dividend Per Share TTM | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||
Margin Metrics | |||||||||||||||||
| Operating Profit Margin TTM | 15.86% | 17.75% | 9.06% | -7.83% | -65.69% | -58.30% | -96.03% | -74.56% | -63.24% | -89.25% | -114.15% | -191.54% | |||||
| Net Profit Margin TTM | 18.50% | 21.70% | 19.38% | 4.68% | -18.67% | -31.24% | -79.50% | -62.68% | -54.58% | -71.59% | -92.09% | -157.17% | |||||
Growth Metrics | |||||||||||||||||
| Net Revenue Growth (1Y) | 520.64% | 104.34% | 114.26% | 34.86% | -73.21% | -39.25% | -42.94% | 31.75% | 49.14% | 75.59% | 67.45% | 12.11% | |||||
| Net Income Growth (1Y) | -714.89% | -241.92% | -152.24% | -110.08% | -90.83% | -73.49% | -50.74% | -47.45% | -29.74% | -7.91% | 38.92% | 39.29% | |||||
| EPS Growth (1Y) | -691.02% | -236.83% | -150.34% | -109.67% | -91.16% | -74.70% | -52.97% | -49.92% | -33.20% | -12.07% | 33.02% | 32.86% | |||||
Valuation Metrics | |||||||||||||||||
| P/E TTM | 40.39 | 88.12 | 103.53 | 427.74 | -235.46 | -98.66 | -29.11 | -18.08 | -17.17 | -20.14 | -7.13 | -4.59 | |||||
| P/B TTM | 4.08 | 7.01 | 7.32 | 7.27 | 5.09 | 7.05 | 4.58 | 3.43 | 4.44 | 5.74 | 2.52 | 1.79 | |||||
| P/S TTM | 7.47 | 19.12 | 20.07 | 20.04 | 43.97 | 30.83 | 23.14 | 11.33 | 9.37 | 14.42 | 6.57 | 7.22 | |||||
| Market Cap | 15.45B | 24.88B | 24.13B | 22.32B | 14.64B | 19.63B | 12.99B | 9.36B | 11.65B | 15.11B | 6.46B | 4.53B | |||||
| Enterprise Value | 14.10B | 23.91B | 23.16B | 21.72B | 14.06B | 19.04B | 12.81B | 9.41B | 11.41B | 15.08B | 6.39B | 4.68B | |||||
Calculated Values | |||||||||||||||||
| Free Cash Flow TTM | 786.85M | 619.13M | 769.21M | 601.72M | 608.71M | 613.01M | 380.47M | 290.84M | 279.27M | 32.80M | -65.57M | -108.59M | |||||
| Net Debt | -1.35B | -966.91M | -969.94M | -603.42M | -583.94M | -586.11M | -182.10M | 46.03M | -233.80M | -32.03M | -73.41M | 154.26M | |||||
Per-Share and Margin | |||||||||||||||||
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Turnover Ratios and Averages | |||||||||||||||||
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Growth Rates | |||||||||||||||||
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| Retained Earnings Growth (1Y) | |||||||||||||||||
Credit, Liquidity, Returns, Payout | |||||||||||||||||
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Valuation Ratios | |||||||||||||||||
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| Total Debt | |||||||||||||||||
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Insider Transactions
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Institutional Ownership
Affirm Holdings, Inc. (AFRM) — SEC Financial Statements & Analysis
Affirm Holdings, Inc. (AFRM) is a personal credit institutions company, incorporated in NV. Affirm Holdings, Inc. trades on AFRM: Nasdaq as: AFRM. Based on its latest SEC filing (Form 10-Q, period ending 2026-03-31), Affirm Holdings, Inc. reported a 520.64% year-over-year revenue growth, a Price-to-Sales (P/S) ratio of 7.47x (TTM), a Price-to-Book (P/B) ratio of 4.08 (TTM), at a market cap of $15.45B. Figures below are sourced from SEC EDGAR, as-filed.
- Net Revenue TTM Growth 1Y
- 520.64%
- P/S TTM
- 7.47x
- P/B TTM
- 4.08
- Market Cap
- $15.45B
Data as of 2026-03-31 · Source: SEC EDGAR
Frequently Asked Questions
What industry is Affirm Holdings, Inc. in?
Affirm Holdings, Inc. (AFRM) operates in the Personal Credit Institutions industry.
What is AFRM's market cap?
Affirm Holdings, Inc. (AFRM) has a market capitalization of $15.45B as of 2026-03-31.
What is AFRM's P/E ratio?
Affirm Holdings, Inc. (AFRM)'s trailing twelve month P/E ratio is 40.39x as of 2026-03-31.
What exchange does AFRM trade on?
Affirm Holdings, Inc. (AFRM) trades on the AFRM: Nasdaq.
Where is Affirm Holdings, Inc. incorporated?
Affirm Holdings, Inc. is incorporated in NV.