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Affirm Holdings Inc (AFRM) Financial History

20 years of revenue, earnings, cash-flow and balance-sheet history from public filings.

FINANCIAL SERVICES · CREDIT SERVICES · DATA UPDATED 2026-09-19

Affirm Holdings Inc (AFRM) operates in the CREDIT SERVICES industry and is headquartered in San Francisco, United States with about 2,358 employees. Its market capitalization is roughly $24 billion. In the fiscal year ended 2026-06-30, AFRM reported $4.3B in revenue and $1.9B in net income.

Affirm Holdings, Inc. operates payment network in the United States, Canada, and internationally. Its platform offers pay-over-time solutions at checkout for both consumers and merchants.

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AFRM Revenue & Earnings History — Annual Income Statement

Income statementTTM → 2026-06-302026-06-302025-06-302024-06-302023-06-302022-06-302021-06-302020-06-302019-06-30
Total Revenue$4.3B$4.3B$3.2B$2.3B$1.6B$1.3B$870M$510M$264M
Gross Profit$2.9B$2.9B$2.2B$1.5B$715M$773M$548M$337M$156M
Gross Margin %68.1%68.1%67.5%63.6%45.0%57.3%62.9%66.2%58.9%
Operating Income (EBIT)$650M($87M)($616M)($1.2B)($866M)($384M)($108M)($102M)
Operating Margin %15.2%-2.7%-26.5%-75.6%-64.2%-44.1%-21.1%-38.4%
Net Income$1.9B$1.9B$52M($518M)($985M)($707M)($441M)($113M)($120M)
Net Margin %45.3%45.3%1.6%-22.3%-62.1%-52.4%-50.7%-22.1%-45.6%
EBITDA$712M($2M)($672M)($602M)($371M)($70M)($89M)
Earnings Per Share (EPS)$5.52$0.15$-1.67$-3.34$-2.51$-1.64$-0.44$-0.47
Shares Outstanding (M)341M310M295M282M269M257M257M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

AFRM Quarterly Revenue & Earnings — Last 8 Quarters

Quarterly income statement2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-302024-06-30
Total Revenue$1.2B$1.0B$1.1B$933M$876M$783M$866M$698M$659M
Gross Profit$804M$685M$780M$631M$593M$512M$602M$469M$446M
Gross Margin %69.0%65.9%69.4%67.7%67.7%65.4%69.5%67.2%67.6%
Operating Income (EBIT)$266M$202M$118M$64M$58M($8M)($4M)($133M)($73M)
Operating Margin %22.8%19.5%10.5%6.8%6.6%-1.1%-0.5%-19.0%-11.1%
Net Income$1.6B$103M$130M$81M$69M$3M$80M($100M)($45M)
Net Margin %138.7%9.9%11.5%8.6%7.9%0.4%9.3%-14.3%-6.9%
EBITDA$296M$321M$258M$241M$172M$246M$53M$117M
Earnings Per Share (EPS)$4.62$0.30$0.37$0.23$0.20$0.01$0.23$-0.31$-0.14
Shares Outstanding (M)348M349M348M343M344M345M318M315M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

AFRM Free Cash Flow History

Cash flowTTM → 2026-06-302026-06-302025-06-302024-06-302023-06-302022-06-302021-06-302020-06-302019-06-30
Cash from Operations (CFO)$1.2B$1.2B$794M$450M$12M($162M)($193M)($71M)($92M)
Capital Expenditures (CapEx)$238M$238M$192M$159M$121M$112M$20M$21M$21M
Free Cash Flow (FCF)$992M$993M$602M$291M($109M)($274M)($213M)($92M)($114M)
FCF Margin %23.3%23.3%18.7%12.5%-6.8%-20.3%-24.5%-18.1%-43.0%
Dividends Paid$16M$4.8B$2.2B$310M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

AFRM Quarterly Free Cash Flow — Last 8 Quarters

Quarterly cash flow2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-302024-06-30
Cash from Operations (CFO)$296M$387M$174M$375M$75M$210M$312M$197M$69M
Capital Expenditures (CapEx)$67M$61M$56M$54M$51M$53M$44M$44M$38M
Free Cash Flow (FCF)$229M$325M$118M$320M$24M$157M$268M$153M$31M
FCF Margin %19.6%31.3%10.5%34.3%2.7%20.1%30.9%21.9%4.6%

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

AFRM Balance Sheet History

Balance sheet2026-06-302026-03-312025-06-302024-06-302023-06-302022-06-302021-06-302020-06-302019-06-30
Total Assets$15.8B$13.1B$11.2B$9.5B$8.2B$7.0B$4.9B$1.4B$1.1B
Cash & Cash Equivalents$1.6B$2.5B$1.4B$1.0B$892M$1.3B$1.5B$267M$320M
Total Liabilities$10.3B$9.4B$8.1B$6.8B$5.6B$4.4B$2.3B$1.8B$1.4B
Total Debt (Short + Long-Term)$10.0B$9.1B$8.0B$6.6B$3.8B$4.1B$2.0B$966M$1.1B
Total Shareholders' Equity$5.5B$3.8B$3.1B$2.7B$2.5B$2.6B$2.6B($367M)($263M)

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive AFRM viewer.

AFRM Metric Deep Dives

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