Affirm Holdings, Inc. (AFRM) Financial Statements
Industry: Personal Credit Institutions
In fiscal 2026, Affirm reported revenue of $4.26B, up 32.2% from $3.22B the year before. Net income was $1.93B (a 45.3% net margin), or $5.53 per diluted share. Gross margin was 9.8% and operating margin was 9.8%. Operating activities generated $1.23B of cash, leaving $992.6M of free cash flow. At fiscal year end, Affirm held $15.79B in total assets against $10.31B in total liabilities, including $1.63B of cash and equivalents.
Open the full interactive Affirm financials → Quarterly statements, key ratios, valuation history and price charts.
Affirm Key Stats
| Share Price | $77.89 |
|---|---|
| Market Cap | $27.17B |
| P/E Ratio | 14.1 |
| Revenue YoY Growth | +32.1% |
| 52-Week Range | $42.53 – $85.78 |
| Shares Outstanding | 335.2 million (basic, 2026 Q4) |
Affirm Income Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|---|
| Revenue | $870.5M | $1.35B | $1.59B | $2.32B | $3.22B | $4.26B |
| Cost of Goods Sold | $1.25B | $2.22B | $2.79B | $2.94B | $3.31B | $3.84B |
| Gross Profit | -$379.2M | -$866.0M | -$1.20B | -$615.8M | -$87.3M | $417.0M |
| Operating Income | -$379.2M | -$866.0M | -$1.20B | -$615.8M | -$87.3M | $417.0M |
| Pre-Tax Income | -$433.3M | -$724.8M | -$989.2M | -$515.5M | $61.5M | $492.7M |
| Income Tax | -$2.3M | -$17.4M | -$3.9M | $2.2M | $9.3M | -$1.44B |
| Net Income | -$430.9M | -$707.4M | -$985.3M | -$517.8M | $52.2M | $1.93B |
| Diluted EPS | -$2.88 | -$2.51 | -$3.34 | -$1.67 | $0.15 | $5.53 |
Affirm Quarterly Results
| 2026 Q1 | 2026 Q2 | 2026 Q3 | 2026 Q4 | |
|---|---|---|---|---|
| Revenue | $933.3M | $1.12B | $1.04B | $1.17B |
| Net Income | $80.7M | $129.6M | $102.9M | $1.62B |
| Diluted EPS | $0.23 | $0.37 | $0.30 | $4.63 |
Affirm Balance Sheet
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $1.47B | $1.26B | $892.0M | $1.01B | $1.35B | $1.63B |
| Total Assets | $4.87B | $6.97B | $8.16B | $9.52B | $11.15B | $15.79B |
| Total Long-Term Debt | $1.86B | $4.01B | $5.34B | $1.84B | $7.61B | $9.79B |
| Total Liabilities | $2.29B | $4.36B | $5.62B | $6.79B | $8.09B | $10.31B |
| Shareholders' Equity | $2.58B | $2.62B | $2.53B | $2.73B | $3.07B | $5.48B |
Affirm Cash Flow Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|---|
| Cash From Operations | -$193.1M | -$162.2M | $12.2M | $450.1M | $793.9M | $1.23B |
| Cash From Investing | -$1.02B | -$2.01B | -$1.65B | -$1.33B | -$1.08B | -$2.55B |
| Cash From Financing | $2.58B | $2.04B | $1.35B | $913.1M | $751.4M | $2.01B |
| Free Cash Flow | -$213.4M | -$248.5M | -$108.6M | $290.8M | $601.7M | $992.6M |
Figures from Affirm's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Affirm financials page for every line item.
Affirm Company Profile
| Ticker | AFRM |
|---|---|
| Exchange | Nasdaq |
| Industry | Personal Credit Institutions |
| Headquarters | San Francisco, California |
| Incorporated in | Nevada |
| Fiscal Year End | June 30 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001820953 |
Frequently Asked Questions
What was Affirm's revenue in fiscal 2026?
Affirm (AFRM) reported revenue of $4.26B for fiscal 2026.
What is Affirm's annual revenue history?
Affirm's annual revenue by fiscal year: 2021: $870.5M; 2022: $1.35B; 2023: $1.59B; 2024: $2.32B; 2025: $3.22B; 2026: $4.26B.
What was Affirm's net income in fiscal 2026?
Affirm reported net income of $1.93B for fiscal 2026.
What was Affirm's earnings per share (EPS) in fiscal 2026?
Affirm's diluted EPS was $5.53 for fiscal 2026 (adjusted for any later stock splits).
How much free cash flow did Affirm generate in fiscal 2026?
Affirm generated $992.6M of free cash flow in fiscal 2026.
What was Affirm's revenue last quarter?
In its most recent reported quarter (2026 Q4), Affirm reported revenue of $1.17B.
How much debt does Affirm have?
Affirm reported $9.79B of long-term debt, including the current portion, at the end of fiscal 2026.
How many shares of Affirm are outstanding?
Affirm reported a weighted average of 335.2 million basic shares outstanding in 2026 Q4.
What is Affirm's market cap?
Based on its latest closing price, Affirm (AFRM) has a market capitalization of about $27.17B.
When does Affirm's fiscal year end?
Affirm's fiscal year end, as registered with the SEC, is June 30.
Where is Affirm headquartered?
Affirm lists its business address in San Francisco, California in its SEC filings.