Affirm AFRM
- Market cap
- $23.6B
- PE
- 12.7×
- Forward PE
- 35.8×
- 6y median 62.3×
- Price to sales
- 5.5×
- Revenue, 12 months
- $4.3B
- +32% on a year ago
- Net margin
- 45.3%
Affirm trades at 12.7× trailing earnings. Revenue was $4.3B over the last twelve months, up 32% on a year earlier with a 45% net margin.
Charts
Financials
| Income statement | Q1 FY24 | Q2 FY24 | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $496.5M+37% | $591.1M+48% | $576.2M+51% | $659.2M+48% | $698.5M+41% | $866.4M+47% | $783.1M+36% | $876.4M+33% | $933.3M+34% | $1.1B+30% | $1B+33% | $1.2B+33% | |
| SG&A | $287.2M−12% | $294M−15% | $261.7M−7% | $258.8M−5% | $283.7M−1% | $275.4M−6% | $208.3M−20% | $212.4M−18% | $223.4M−21% | $240M−13% | $218.2M+5% | $239.2M+13% |
| −$209.4M−27% | −$172.2M−52% | −$160.8M−48% | −$73.5M−70% | −$132.6M−37% | −$4.3M−98% | −$8.4M−95% | $58.1M | $63.7M | $117.6M | $88.4M | $147.3M+154% | |
| Interest expense | $73.9M+195% | $84.6M+93% | $90.4M+77% | $95.3M+51% | $104.1M+41% | $107.8M+27% | $107.6M+19% | $105.9M+11% | $110M+6% | $111.7M+4% | $113.8M+6% | $118.5M+12% |
| Pre-tax income | −$170.7M−32% | −$167.6M−48% | −$133M−36% | −$44.1M−79% | −$98.3M−42% | $82.9M | $5.3M | $71.6M | $83M | $133.2M+61% | $107.4M+1909% | $169.1M+136% |
| $1M | −$700K−55% | $890K | $997K | $1.9M+82% | $2.5M | $2.5M+186% | $2.3M+134% | $2.3M+22% | $3.7M+46% | $4.5M+76% | −$1.4B | |
| Net income | −$171.8M−32% | −$166.9M−48% | −$133.9M−35% | −$45.1M−78% | −$100.2M−42% | $80.4M | $2.8M | $69.2M | $80.7M | $129.6M+61% | $102.9M+3570% | $1.6B+2235% |
| −$0.57−34% | −$0.54−51% | −$0.43−38% | −$0.14−80% | −$0.31−46% | $0.23 | $0.01 | $0.20 | $0.23 | $0.37+61% | $0.30+2900% | $4.62+2210% | |
| 303.8M+4% | 307.6M+5% | 312.6M+5% | 315.5M+5% | 318.2M+5% | 345.2M+12% | 344.2M+10% | 345.1M+9% | 348.3M+9% | 349.4M+1% | 348.1M+1% | 349.7M+1% |
Revenue: Q1 FY20 and Q1 FY21: 6 months less the 3 months printed beside them.
SG&A: Q1 FY20: 6 months less the 3 months printed beside them.
Operating income: Q1 FY20: 6 months less the 3 months printed beside them.
Interest expense: Q1 FY20 and Q1 FY21: 6 months less the 3 months printed beside them.
Pre-tax income: Q1 FY20: 6 months less the 3 months printed beside them.
Income tax: Q1 FY20 and Q1 FY21: 6 months less the 3 months printed beside them.
Net income: Q1 FY20: 6 months less the 3 months printed beside them.
EPS, diluted: 8 periods, Q1 FY20 to Q4 FY26: quarter's net income to common over its shares, to the cent.
Diluted shares: Q1 FY20: share-days: the 6-month average less the second quarter's. Q4 FY20 and Q4 FY26: share-days: the 12-month average less the 9-month, weighted by days. 4 periods, Q4 FY21 to Q4 FY24: a loss quarter: its basic count, share-days: the 12-month average less the 9-month, weighted by days. Q4 FY25: the earlier year to date counted no dilution: the quarter's basic count plus the later year to date's dilution.
From each company's 10-Q and 10-K filings, the newest version of each figure. Quarters are as filed (a fourth quarter is the year less its first nine months), fiscal years as the 10-K prints them, restated where a later 10-K restated them, and balance sheet lines as of the period's end. A quarter whose 10-Q isn't filed yet is from the company's results release. Growth is on the same period a year earlier. A dash is a period with no figure for the line: the filing doesn't print it, or it hasn't been read yet.
Estimates
Next earnings report: .
| Quarter | Revenue | Range | EPS | Range | Analysts |
|---|---|---|---|---|---|
| Q1 FY27 | $1.2B | $1.2B to $1.2B | $0.38 | $0.25 to $0.49 | 6 |
| Q2 FY27 | $1.4B | $1.4B to $1.5B | $0.55 | $0.39 to $0.69 | 6 |
| Q3 FY27 | $1.3B | $1.3B to $1.4B | $0.44 | $0.41 to $0.47 | 2 |
| Q4 FY27 | $1.5B | $1.4B to $1.6B | $0.59 | $0.55 to $0.62 | 2 |
| Q1 FY28 | $1.5B | $1.4B to $1.6B | $0.60 | $0.55 to $0.63 | 2 |
| Q2 FY28 | $1.8B | $1.7B to $1.8B | $0.78 | $0.73 to $0.83 | 2 |
| Q3 FY28 | $1.7B | $1.6B to $1.7B | $0.62 | $0.58 to $0.66 | 5 |
| Q4 FY28 | $1.9B | $1.8B to $1.9B | $0.82 | $0.76 to $0.87 | 5 |
Peers
Companies in Financial - Credit Services nearest Affirm's size, closest first.
| Company | Market cap | PE | Its 10y median PE | Fwd PE | P/S | Revenue growth | Net margin |
|---|---|---|---|---|---|---|---|
| AFRMAffirm | $23.6B | 12.7× | 67.0× | 35.8× | 5.5× | +32% | 45.3% |
| SYFSynchrony Financial | $24B | 7.5× | 7.8× | 7.7× | n/m | +3% | 18.3% |
| GPNGlobal Payments | $21.9B | n/m | 42.4× | 5.6× | 2.1× | +23% | −9.1% |
| SOFISoFi Technologies | $18.9B | 30.5× | 46.4× | 20.3× | n/m | +41% | 14.8% |
| RBARB Global | $15.6B | 36.1× | 41.8× | n/m | 3.2× | +10% | 10.0% |
| CSGPCostar | $13.7B | 179× | 91.9× | n/m | 3.9× | +22% | 2.1% |
| CARTMaplebear | $13.1B | 31.0× | 25.9× | n/m | 3.3× | +13% | 12.0% |
| PYPLPayPal | $48.8B | 10.8× | 41.8× | 10.3× | 1.4× | +6% | 14.4% |
| HQYHealthequity | $8.6B | 37.7× | 78.2× | n/m | 6.3× | +7% | 17.4% |
| ETSYEtsy | $8B | 53.3× | 50.6× | n/m | 2.8× | +4% | 7.3% |
| ZGZillow | $7.7B | 155× | 154× | n/m | 2.7× | +18% | 2.0% |
| Peer median | $14.7B | 36.1× | 44.4× | 9.0× | 3.0× | +11% | 11.0% |
Investors who own it
Investors we follow who held Affirm at the end of Jun 30, 2026, from their 13F filings.
- Henry EllenbogenDurable Capital Partners3.5% of portfoliotrimmed
- Gavin BakerAtreides Management0.9% of portfolioadded
- Dan SundheimD1 Capital Partners0.4% of portfoliotrimmed
- Baillie GiffordBaillie Gifford0.4% of portfolioadded
- Polen CapitalPolen Capital0.0% of portfolioadded
More on Affirm
Each number over time
- PE ratio
- Forward PE
- Price to sales ratio
- Price to book ratio
- Market cap
- Revenue
- EPS
- Profit margin
- Shares outstanding
Where it ranks
- #1of 38Financial stocks with the fastest expected revenue growth
- #4of 95Credit services stocks with the highest profit margins
Its groups
About
- Industry
- Financial - Credit Services
- Sector
- Financial Services
Valuation data, not investment advice. Prices as of .