Affirm Holdings, Inc.

AFRM

Affirm Holdings, Inc.

AFRM

Insider Sentiment (TTM):

Last Purchase:-Last Sale:2026-06-26Shares Purchased (TTM):0Shares Sold (TTM):2,600,541

Institutional Sentiment:

As of:2026-03-31Institutional Shares Owned:231,163,815Shares Outstanding:337,142,686Institutional Ownership Pct.:68.57%

Earnings Market Reaction:

Filing Date:2026-05-07Price on Filing Date:N/APrevious Close:N/A% Change:N/A

Companies in Personal Credit Institutions

OMF NNI CACC SLM ENVA BFH

Affirm Holdings, Inc. (AFRM) — SEC Financial Statements & Analysis

Affirm Holdings, Inc. (AFRM) files its annual 10-K and quarterly 10-Q reports directly with the SEC. The financial data below is sourced as-filed from EDGAR — balance sheet, income statement, and cash flow as reported, without normalization or third-party adjustments.

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Financial Statements

10‑Q10‑K

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
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

10‑Q10‑K

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%	-	-	-	-
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
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	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
EPS TTM
Adjusted EPS TTM
Cash Flow Per Share TTM
Pretax Margin TTM
Stock Comp to Revenue TTM
Turnover Ratios and Averages
Average Assets
Average Equity
Average Inventory
Average Receivables
Average Accounts Payables
Inventory Turnover TTM
Payables Turnover TTM
Days Inventory Outstanding TTM
Days Payables Outstanding TTM
Cash Conversion Cycle TTM
Working Capital to Revenue
Deferred Revenue to Revenue
Growth Rates
Total Assets Growth (1Y)
Total Assets Growth (3Y)
Total Assets Growth (5Y)
Dividends Paid Growth (1Y)
Dividends Paid Growth (3Y)
Dividends Paid Growth (5Y)
EPS Growth (3Y)
EPS Growth (5Y)
Net Income Growth (3Y)
Net Income Growth (5Y)
Net Profit Margin Growth (1Y)
Net Profit Margin Growth (3Y)
Net Profit Margin Growth (5Y)
Net Revenue Growth (3Y)
Net Revenue Growth (5Y)
Deferred Revenue Growth (1Y)
Retained Earnings Growth (1Y)
Credit, Liquidity, Returns, Payout
Cash Ratio
Net Working Capital
Debt to EBITDA TTM
Net Debt to EBITDA TTM
Net Debt to Equity
Altman A
Altman B
Altman C
Altman D
Altman E
Altman Z-Score
ROA TTM
ROE TTM
NOPAT TTM
ROIC TTM
Effective Tax Rate TTM
Payout Ratio TTM
Dilution Ratio
Retained Earnings to Equity
Treasury Stock to Equity
Treasury Stock Change (1Y)
Accrued to Current Liabilities
Valuation Ratios
P/CF TTM
Dividend Yield TTM
Free Cash Flow Yield TTM
EV EBITDA TTM
EV EBIT TTM
Stock Compensation TTM
Adjusted Net Income TTM
Billings TTM
Total Debt
Invested Capital

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Insider Transactions

2026-06-26Sale

Owner: Linford, Michael

Title: Chief Operating Officer

Shares: 100,000

Price/Share: $80.04

Value: $8,004,000.00

Shares Owned: 117,984

Relationship: Officer

Ownership: Direct

2026-05-13Sale

Owner: Watson, Noel Bertram

Title: -

Shares: 2,000

Price/Share: $65.00

Value: $130,000.00

Shares Owned: 36,076

Relationship: Director

Ownership: Direct

2026-04-14Sale

Owner: Watson, Noel Bertram

Title: -

Shares: 2,000

Price/Share: $55.00

Value: $110,000.00

Shares Owned: 38,076

Relationship: Director

Ownership: Direct

2026-01-05Sale

Owner: O'Hare, Robert

Title: Chief Financial Officer

Shares: 36,401

Price/Share: $80.00

Value: $2,912,080.00

Shares Owned: 1,368

Relationship: Officer

Ownership: Direct

2026-01-05Sale

Owner: Levchin, Max R

Title: Chief Executive Officer

Shares: 666,666

Price/Share: $80.82

Value: $53,879,946.12

Shares Owned: -

Relationship: Director,Officer,TenPercentOwner

Ownership: Direct

Filed Date	Owner	Relationship	Title	Ownership	Purchase/Sale	No. Shares	Price Per Share	Value	Shares Owned	Document Type
2026-06-26	Linford, Michael	Officer	Chief Operating Officer	Direct	Sale	100,000	80.04	$8,004,000.00	117,984	4
2026-05-13	Watson, Noel Bertram	Director	-	Direct	Sale	2,000	65.00	$130,000.00	36,076	4
2026-04-14	Watson, Noel Bertram	Director	-	Direct	Sale	2,000	55.00	$110,000.00	38,076	4
2026-01-05	O'Hare, Robert	Officer	Chief Financial Officer	Direct	Sale	36,401	80.00	$2,912,080.00	1,368	4
2026-01-05	Levchin, Max R	Director,Officer,TenPercentOwner	Chief Executive Officer	Direct	Sale	666,666	80.82	$53,879,946.12	0	4
2025-12-03	O'Hare, Robert	Officer	Chief Financial Officer	Direct	Sale	8,189	70.00	$573,230.00	1,368	4
2025-09-22	Levchin, Max R	Director,Officer,TenPercentOwner	Chief Executive Officer	Direct	Sale	651,713	89.67	$58,439,104.71	0	4
2025-09-15	Jiyane, Siphelele	Officer	Chief Accounting Officer	Direct	Sale	12,500	85.42	$1,067,750.00	213,967	4
2025-09-04	Jiyane, Siphelele	Officer	Chief Accounting Officer	Direct	Sale	25,533	90.71	$2,316,098.43	226,467	4
2025-09-02	O'Hare, Robert	Officer	Chief Financial Officer	Direct	Sale	31,423	83.72	$2,630,733.56	0	4
2025-08-29	Jiyane, Siphelele	Officer	Chief Accounting Officer	Direct	Sale	22,725	96.00	$2,181,600.00	219,467	4
2025-08-29	Adkins, Katherine	Officer	Chief Legal Officer	Direct	Sale	36,878	95.00	$3,503,410.00	113,400	4
2025-08-29	Quarles, Christa S	Director	-	Direct	Sale	15,000	93.50	$1,402,500.00	122,241	4
2025-08-28	Levchin, Max R	Director,Officer,TenPercentOwner	Chief Executive Officer	Direct	Sale	499,223	80.17	$40,022,707.91	0	4
2025-08-22	Levchin, Max R	Director,Officer,TenPercentOwner	Chief Executive Officer	Direct	Sale	167,443	80.10	$13,412,184.30	0	4
2025-08-22	O'Hare, Robert	Officer	Chief Financial Officer	Direct	Sale	77,800	80.09	$6,231,002.00	0	4
2025-08-22	Linford, Michael	Officer	Chief Operating Officer	Direct	Sale	184,200	80.09	$14,752,578.00	109,840	4
2025-08-18	O'Hare, Robert	Officer	Chief Financial Officer	Direct	Sale	11,405	80.00	$912,400.00	0	4
2025-08-18	Levchin, Max R	Director,Officer,TenPercentOwner	Chief Executive Officer	Direct	Sale	14,953	80.05	$1,196,987.65	0	4
2025-08-18	Linford, Michael	Officer	Chief Operating Officer	Direct	Sale	10,800	80.00	$864,000.00	109,840	4
2025-08-06	Adkins, Katherine	Officer	Chief Legal Officer	Direct	Sale	6,489	75.00	$486,675.00	113,400	4
2025-08-05	Adkins, Katherine	Officer	Chief Legal Officer	Direct	Sale	1,329	75.00	$99,675.00	113,400	4
2025-08-04	Jiyane, Siphelele	Officer	Chief Accounting Officer	Direct	Sale	15,871	75.00	$1,190,325.00	242,192	4
2025-07-07	O'Hare, Robert	Officer	Chief Financial Officer	Direct	Sale	19,802	70.03	$1,386,734.06	0	4
2025-07-07	Adkins, Katherine	Officer	Chief Legal Officer	Direct	Sale	57,102	70.27	$4,012,557.54	112,467	4
2025-07-01	Quarles, Christa S	Director	-	Direct	Sale	754	67.43	$50,842.22	137,241	4
2025-06-16	Watson, Noel Bertram	Director	-	Direct	Sale	2,500	60.86	$152,150.00	36,497	4
2025-05-01	Rabois, Keith	Director	-	Direct	Sale	16,089	51.04	$821,182.56	29,343	4
2025-04-01	Rabois, Keith	Director	-	Direct	Sale	16,088	45.56	$732,969.28	45,432	4
2025-03-17	Watson, Noel Bertram	Director	-	Direct	Sale	2,500	45.69	$114,225.00	38,997	4
2025-03-03	Rabois, Keith	Director	-	Direct	Sale	16,088	64.51	$1,037,836.88	61,520	4
2025-02-14	Quarles, Christa S	Director	-	Direct	Sale	5,000	80.00	$400,000.00	137,325	4
2025-02-03	Rabois, Keith	Director	-	Direct	Sale	16,086	59.28	$953,578.08	77,608	4
2025-01-03	O'Hare, Robert	Officer	Chief Financial Officer	Direct	Sale	3,227	65.08	$210,013.16	668	4
2025-01-02	O'Hare, Robert	Officer	Chief Financial Officer	Direct	Sale	6,541	62.61	$409,532.01	2,963	4
2025-01-02	Rabois, Keith	Director	-	Direct	Sale	16,086	62.60	$1,006,983.60	93,694	4
2024-12-16	Watson, Noel Bertram	Director	-	Direct	Sale	2,500	71.87	$179,675.00	41,497	4
2024-12-13	Quarles, Christa S	Director	-	Direct	Sale	2,593	69.70	$180,732.10	142,325	4
2024-12-12	Rabois, Keith	Director	-	Direct	Sale	16,086	69.61	$1,119,746.46	109,780	4
2024-12-12	Linford, Michael	Officer	Chief Operating Officer	Direct	Sale	400,000	69.54	$27,816,000.00	85,420	4
2024-12-04	Michalek, Libor	Director,Officer	President	Direct	Sale	93,371	72.00	$6,722,712.00	160,601	4
2024-12-02	O'Hare, Robert	Officer	Chief Financial Officer	Direct	Sale	13,965	69.97	$977,131.05	668	4
2024-12-02	Michalek, Libor	Director,Officer	President	Direct	Sale	6,629	72.08	$477,818.32	160,601	4
2024-11-25	Michalek, Libor	Director,Officer	President	Direct	Sale	96,332	70.01	$6,744,203.32	159,449	4
2024-11-25	O'Hare, Robert	Officer	Chief Financial Officer	Direct	Sale	79,039	70.01	$5,533,520.39	0	4
2024-11-21	Michalek, Libor	Director,Officer	President	Direct	Sale	111,847	65.00	$7,270,055.00	159,449	4
2024-11-19	Michalek, Libor	Director,Officer	President	Direct	Sale	11,048	64.00	$707,072.00	159,449	4
2024-11-11	O'Hare, Robert	Officer	Chief Financial Officer	Direct	Sale	100,938	55.00	$5,551,590.00	0	4
2024-11-11	Adkins, Katherine	Officer	Chief Legal Officer	Direct	Sale	200,000	55.05	$11,010,000.00	93,545	4
2024-09-18	Adkins, Katherine	Officer	Chief Legal Officer	Direct	Sale	82,316	45.00	$3,704,220.00	91,499	4
2024-09-13	Watson, Noel Bertram	Director	-	Direct	Sale	2,500	42.44	$106,100.00	40,982	4
2024-09-12	Quarles, Christa S	Director	-	Direct	Sale	14,400	40.02	$576,288.00	141,903	4
2024-08-01	Rabois, Keith	Director	-	Direct	Sale	9,275	27.36	$253,764.00	64,348	4
2024-07-01	Rabois, Keith	Director	-	Direct	Sale	9,276	29.89	$277,259.64	73,623	4
2024-06-03	Rabois, Keith	Director	-	Direct	Sale	9,276	29.31	$271,879.56	82,899	4
2024-05-01	Rabois, Keith	Director	-	Direct	Sale	9,276	32.70	$303,325.20	60,000	4
2024-04-01	Rabois, Keith	Director	-	Direct	Sale	9,276	36.21	$335,883.96	69,276	4
2024-03-14	Rabois, Keith	Director	-	Direct	Sale	9,276	35.66	$330,782.16	78,552	4
2023-12-27	Linford, Michael	Officer	Chief Financial Officer	Direct	Sale	65,000	52.00	$3,380,000.00	99,063	4
2023-12-19	Linford, Michael	Officer	Chief Financial Officer	Direct	Sale	65,000	50.00	$3,250,000.00	99,063	4
2023-12-11	Gic, Private Ltd	TenPercentOwner	-	Direct	Sale	2,906,591	40.53	$117,804,133.23	1,592,923	4
2023-07-05	Gic, Special Investments …	TenPercentOwner	-	Indirect	Sale	203,905	15.42	$3,144,215.10	11,887,747	4
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Institutional Ownership

No data available for chart

2026-03-31

68.57%

Inst. Shares: 231,163,815

Shares Outstanding: 337,142,686

2025-12-31

70.24%

Inst. Shares: 234,776,688

Shares Outstanding: 334,270,750

2025-09-30

67.37%

Inst. Shares: 222,467,036

Shares Outstanding: 330,238,205

2025-06-30

67.22%

Inst. Shares: 217,023,471

Shares Outstanding: 322,851,873

2025-03-31

63.50%

Inst. Shares: 205,773,284

Shares Outstanding: 324,053,967

Date	Institutional Shares Owned	Shares Outstanding	Institutional Ownership %
2026-03-31	231,163,815	337,142,686	68.57%
2025-12-31	234,776,688	334,270,750	70.24%
2025-09-30	222,467,036	330,238,205	67.37%
2025-06-30	217,023,471	322,851,873	67.22%
2025-03-31	205,773,284	324,053,967	63.50%
2024-12-31	203,241,397	322,282,334	63.06%
2024-09-30	191,877,490	318,234,555	60.29%
2024-06-30	186,673,924	309,857,129	60.25%
2024-03-31	186,990,179	312,626,728	59.81%
2023-12-31	183,618,291	307,571,602	59.70%
2023-09-30	179,955,647	303,839,670	59.23%
2023-06-30	164,165,052	295,343,466	55.58%
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Affirm Holdings, Inc. (AFRM) — SEC Financial Statements & Analysis

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