Superworth

Affirm profit margin AFRM

Gross, operating and net profit as a share of revenue over the last twelve months, from 2020.

Net margin, 12 months
45.3%
Operating margin, 12 months
9.8%
Net margin on a year earlier
+43.7 pts
Peer median
11.0%

Over the twelve months to Jun 30, 2026, Affirm kept 45.3% of its revenue as net profit, with an operating margin of 9.8%.

Five years earlier its net margin was −50.7%.

The median for 10 credit services stocks of a similar size is 11.0%.

Profit margin over time

OperatingNet

Open the interactive chart, with overlays and comparisons

Fiscal year by fiscal year

Fiscal yearNet marginOperating margin
FY202645.3%9.8%
FY20251.6%−2.7%
FY2024−22.3%−26.5%
FY2023−62.0%−75.6%
FY2022−52.4%−64.2%
FY2021−50.7%−44.1%
FY2020−22.1%−21.2%

Quarter by quarter

QuarterEndedNet margin, 12 monthsChange on a yearOperating margin
Q4 FY2645.3%+43.7 pts9.8%
Q3 FY269.6%+11.7 pts8.3%
Q2 FY267.6%+14.7 pts6.2%
Q1 FY266.7%+24.4 pts3.2%
Q4 FY251.6%+23.9 pts−2.7%
Q3 FY25−2.1%+30.1 pts−7.3%
Q2 FY25−7.1%+32.1 pts−13.3%
Q1 FY25−17.7%+34.9 pts−21.3%
Q4 FY24−22.3%+39.8 pts−26.5%
Q3 FY24−32.2%+32.0 pts−37.3%
Q2 FY24−39.2%+15.9 pts−48.9%
Q1 FY24−52.6%−7.3 pts−65.2%

Against its peers

Companies in Financial - Credit Services nearest Affirm's size, closest first, today.

CompanyProfit margin
AFRMAffirm45.3%
SYFSynchrony Financial18.3%
GPNGlobal Payments−9.1%
SOFISoFi Technologies14.8%
RBARB Global10.0%
CSGPCostar2.1%
CARTMaplebear12.0%
PYPLPayPal14.4%
HQYHealthequity17.4%
ETSYEtsy7.3%
ZGZillow2.0%
Peer median11.0%

Where Affirm ranks

What the profit margin tells you

Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).

Compare within an industry. 10% is superb for a retailer and poor for a software company.

More on Affirm

Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.