AFRM Chart
About

Affirm Holdings, Inc. operates payment network in the United States, Canada, and internationally. Its platform includes point-of-sale payment solution for consumers, merchant commerce solutions, and a consumer-focused app. The company's commerce platform, agreements with originating banks, and capital markets partners enables consumers to pay for a purchase over time. It has active merchants covering small businesses, large enterprises, direct-to-consumer brands, brick-and-mortar stores, and companies with an omni-channel presence. The company's merchants represent a range of industries, including sporting goods and outdoors, home and lifestyle, travel and ticketing, electronics, fashion and beauty, equipment and auto, and general merchandise. Affirm Holdings, Inc. was founded in 2012 and is headquartered in San Francisco, California.

Fundamentals
Scroll to Statements
Sector Financial Services Industry Credit Services Market Cap 15.95B
Enterprise Value 23.56B Income 282.33M Sales 3.72B
Book/sh 10.68 Cash/sh 4.70 Dividend Yield —
Payout 0.00% Employees 2206 IPO —
P/E 59.10 Forward P/E 12.83 PEG —
P/S 4.29 P/B 4.48 P/C —
EV/EBITDA 44.71 EV/Sales 6.34 Quick Ratio 10.21
Current Ratio 13.85 Debt/Eq 258.87 LT Debt/Eq —
EPS (ttm) 0.81 EPS next Y 3.73 EPS Growth 59.30%
Revenue Growth 29.60% Earnings 2026-05-07 ROA 1.23%
ROE 8.92% ROIC — Gross Margin 47.78%
Oper. Margin 10.47% Profit Margin 7.60% Shs Outstand 292.41M
Shs Float 279.33M Short Float 5.05% Short Ratio 2.81
Short Interest — 52W High 100.00 52W Low 30.90
Beta 3.58 Avg Volume 6.00M Volume 4.88M
Target Price $84.48 Recom Buy Prev Close $47.13
Price $47.87 Change 1.57%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$84.48
Mean price target
2. Current target
$47.87
Latest analyst target
3. DCF / Fair value
$28.16
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$47.87
Low
$53.00
High
$110.00
Mean
$84.48

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-02-20 main Truist Securities Buy → Buy $71
2026-02-20 init Baird — → Neutral $55
2026-02-09 reit Cantor Fitzgerald Overweight → Overweight $85
2026-02-09 main Mizuho Outperform → Outperform $95
2026-02-06 main JP Morgan Overweight → Overweight $79
2026-02-06 main RBC Capital Sector Perform → Sector Perform $77
2026-02-06 main Oppenheimer Outperform → Outperform $83
2026-02-06 main Stephens & Co. Equal-Weight → Equal-Weight $65
2026-02-06 main Needham Buy → Buy $85
2026-02-03 up Morgan Stanley Equal-Weight → Overweight $76
2026-01-27 up Needham Hold → Buy $100
2026-01-27 init Cantor Fitzgerald — → Overweight $85
2026-01-08 main TD Cowen Buy → Buy $110
2025-12-09 init Wolfe Research — → Peer Perform —
2025-12-05 init Freedom Capital Markets — → Buy $90
2025-11-19 main Truist Securities Buy → Buy $85
2025-11-07 main RBC Capital Sector Perform → Sector Perform $87
2025-11-07 main B of A Securities Buy → Buy $98
2025-11-07 main Morgan Stanley Equal-Weight → Equal-Weight $83
2025-10-24 main Truist Securities Buy → Buy $90
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 20000 980000.0 — Conversion of Exercise of derivative security at price 49.00 per share. LINFORD MICHAEL ALAN Chief Operating Officer — 2026-02-09 00:00:00 D
1 1401 nan — — ADKINS KATHERINE ELIZABETH Officer — 2026-01-30 00:00:00 D
2 20000 980000.0 — Conversion of Exercise of derivative security at price 49.00 per share. LINFORD MICHAEL ALAN Chief Operating Officer — 2026-01-30 00:00:00 D
3 2335 nan — — LINFORD MICHAEL ALAN Chief Operating Officer — 2026-01-30 00:00:00 D
4 2335 nan — — MICHALEK LIBOR President — 2026-01-30 00:00:00 D
5 666666 53747814.0 — Sale at price 80.52 - 81.12 per share. LEVCHIN MAKSIM RAFAEL Chief Executive Officer — 2026-01-05 00:00:00 D
6 666666 32666634.0 — Conversion of Exercise of derivative security at price 49.00 per share. LEVCHIN MAKSIM RAFAEL Chief Executive Officer — 2026-01-05 00:00:00 D
7 36401 2912080.0 — Sale at price 80.00 per share. O'HARE ROBERT WARREN Chief Financial Officer — 2026-01-05 00:00:00 D
8 36401 1012073.0 — Conversion of Exercise of derivative security at price 17.19 - 57.59 per share. O'HARE ROBERT WARREN Chief Financial Officer — 2026-01-05 00:00:00 D
9 1707 nan — — ADKINS KATHERINE ELIZABETH Officer — 2025-12-31 00:00:00 D
Financials
Line Item2025-06-302024-06-302023-06-302022-06-30
TaxEffectOfUnusualItems27.23K-1.42M-143.48K0.00
TaxRateForCalcs0.150.210.000.02
NormalizedEBITDA711.81M4.54M-635.73M-602.41M
TotalUnusualItems184.00K-6.77M-35.87M0.00
TotalUnusualItemsExcludingGoodwill184.00K-6.77M-35.87M0.00
NetIncomeFromContinuingOperationNetMinorityInterest52.19M-517.76M-985.35M-707.42M
ReconciledDepreciation225.08M169.04M134.63M52.72M
ReconciledCostOfRevenue1.05B845.11M873.16M576.46M
EBITDA711.99M-2.23M-671.60M-602.41M
EBIT486.92M-171.27M-806.23M-655.14M
NetInterestIncome-425.45M-344.25M-183.01M-69.69M
InterestExpense425.45M344.25M183.01M69.69M
NormalizedIncome52.03M-512.41M-949.62M-707.42M
NetIncomeFromContinuingAndDiscontinuedOperation52.19M-517.76M-985.35M-707.42M
TotalExpenses2.89B2.59B2.57B2.15B
TotalOperatingIncomeAsReported-87.27M-615.85M-1.20B-866.05M
DilutedAverageShares341.02M309.86M295.34M281.70M
BasicAverageShares322.85M309.86M295.34M281.70M
DilutedEPS0.15-1.67-3.34-2.51
BasicEPS0.16-1.67-3.34-2.51
DilutedNIAvailtoComStockholders52.19M-517.76M-985.35M-707.42M
NetIncomeCommonStockholders52.19M-517.76M-985.35M-707.42M
OtherunderPreferredStockDividend0.000.00
NetIncome52.19M-517.76M-985.35M-707.42M
NetIncomeIncludingNoncontrollingInterests52.19M-517.76M-985.35M-707.42M
NetIncomeContinuousOperations52.19M-517.76M-985.35M-707.42M
TaxProvision9.28M2.23M-3.90M-17.41M
PretaxIncome61.46M-515.53M-989.25M-724.83M
OtherIncomeExpense148.92M93.55M175.75M141.22M
OtherNonOperatingIncomeExpenses148.74M100.32M211.62M141.22M
SpecialIncomeCharges184.00K-6.77M-35.87M0.00
RestructuringAndMergernAcquisition-184.00K6.77M35.87M0.00
NetNonOperatingInterestIncomeExpense-425.45M-344.25M-183.01M-69.69M
TotalOtherFinanceCost69.69M52.70M
InterestExpenseNonOperating425.45M344.25M183.01M69.69M
OperatingIncome337.99M-264.83M-981.98M-796.35M
OperatingExpense1.84B1.74B1.70B1.57B
OtherOperatingExpenses242.26M180.40M140.26M204.08M
ProvisionForDoubtfulAccounts616.68M460.63M331.86M255.27M
SellingGeneralAndAdministration979.90M1.10B1.22B1.11B
SellingAndMarketingExpense434.85M576.40M638.28M532.34M
GeneralAndAdministrativeExpense545.05M525.29M586.40M577.49M
OtherGandA545.05M525.29M586.40M577.49M
GrossProfit2.18B1.48B714.82M772.84M
CostOfRevenue1.05B845.11M873.16M576.46M
TotalRevenue3.22B2.32B1.59B1.35B
OperatingRevenue3.22B2.32B1.59B1.35B
Line Item2025-06-302024-06-302023-06-302022-06-30
OrdinarySharesNumber325.11M311.05M296.85M287.37M
ShareIssued325.11M311.05M296.85M287.37M
NetDebt6.47B5.56B4.51B2.82B
TotalDebt7.85B6.61B5.45B4.14B
TangibleBookValue2.52B2.19B1.96B2.00B
InvestedCapital10.89B9.31B7.93B6.70B
WorkingCapital9.58B8.08B6.81B5.57B
NetTangibleAssets2.52B2.19B1.96B2.00B
CapitalLeaseObligations31.94M39.49M52.56M65.71M
CommonStockEquity3.07B2.73B2.53B2.62B
TotalCapitalization10.89B9.31B7.93B6.70B
TotalEquityGrossMinorityInterest3.07B2.73B2.53B2.62B
StockholdersEquity3.07B2.73B2.53B2.62B
GainsLossesNotAffectingRetainedEarnings-15.07M-21.57M-15.42M-7.15M
OtherEquityAdjustments-15.07M-21.57M-15.42M-7.15M
RetainedEarnings-3.06B-3.11B-2.59B-1.61B
AdditionalPaidInCapital6.14B5.86B5.14B4.23B
CapitalStock3.00K3.00K3.00K3.00K
CommonStock3.00K3.00K3.00K3.00K
TotalLiabilitiesNetMinorityInterest8.09B6.79B5.62B4.36B
TotalNonCurrentLiabilitiesNetMinorityInterest7.91B6.66B5.53B4.25B
OtherNonCurrentLiabilities49.73M30.68M24.36M48.76M
PreferredSecuritiesOutsideStockEquity0.00
DerivativeProductLiabilities2.79M17.64M53.27M55.78M
NonCurrentDeferredLiabilities0.00
LongTermDebtAndCapitalLeaseObligation7.85B6.61B5.45B4.14B
LongTermCapitalLeaseObligation31.94M39.49M52.56M65.71M
LongTermDebt7.82B6.57B5.40B4.08B
CurrentLiabilities180.10M124.96M92.80M107.07M
OtherCurrentLiabilities53.27M55.78M
PayablesAndAccruedExpenses180.10M124.96M92.80M107.07M
CurrentAccruedExpenses97.28M83.94M64.20M74.00M
InterestPayable24.46M24.33M13.50M6.66M
Payables82.82M41.02M28.60M33.07M
AccountsPayable82.82M41.02M28.60M33.07M
TotalAssets11.15B9.52B8.16B6.97B
TotalNonCurrentAssets1.40B1.31B1.26B1.30B
OtherNonCurrentAssets200.61M202.20M241.95M363.44M
NonCurrentDeferredAssets13.93M21.21M23.27M
NonCurrentDeferredTaxesAssets13.93M21.21M23.27M
FinancialAssets2.64M17.21M50.55M49.98M
InvestmentsAndAdvances40.28M73.01M43.17M43.17M
OtherInvestments11.28M
InvestmentinFinancialAssets40.28M73.01M43.17M43.17M
AvailableForSaleSecurities40.28M73.01M43.17M43.17M
GoodwillAndOtherIntangibleAssets547.09M546.94M577.00M618.48M
OtherIntangibleAssets12.94M13.50M34.43M78.94M
Goodwill534.16M533.44M542.57M539.53M
NetPPE591.76M449.55M320.31M222.15M
AccumulatedDepreciation-455.31M-242.21M-124.07M-60.34M
GrossPPE1.05B691.75M444.38M282.49M
Leases21.99M21.02M20.21M16.17M
OtherProperties19.12M21.86M30.17M50.67M
MachineryFurnitureEquipment1.01B648.87M393.99M215.65M
Properties0.000.000.000.00
CurrentAssets9.76B8.21B6.90B5.68B
AssetsHeldForSaleCurrent0.0036.00K76.00K2.67M
RestrictedCash401.97M282.29M367.92M295.64M
PrepaidAssets72.22M50.19M49.96M37.50M
Receivables7.06B5.73B4.41B2.49B
OtherReceivables3.77M18.26M17.21M17.22M
NotesReceivable16.17M
LoansReceivable6.63B5.36B4.20B2.35B
AccountsReceivable426.18M353.03M199.09M142.05M
AllowanceForDoubtfulAccountsReceivable-18.80M-14.90M-12.90M-13.90M
GrossAccountsReceivable444.98M367.93M211.99M155.95M
CashCashEquivalentsAndShortTermInvestments2.23B2.14B2.07B2.85B
OtherShortTermInvestments871.42M1.13B1.17B1.60B
CashAndCashEquivalents1.35B1.01B892.03M1.26B
Line Item2025-06-302024-06-302023-06-302022-06-30
FreeCashFlow601.72M290.84M-108.59M-273.90M
RepurchaseOfCapitalStock-250.00M0.00-109.00K-86.00K
RepaymentOfDebt-22.29B-13.83B-6.41B-4.64B
IssuanceOfDebt24.59B14.99B8.04B6.80B
IssuanceOfCapitalStock0.000.001.74B
CapitalExpenditure-192.19M-159.30M-120.78M-111.70M
InterestPaidSupplementalData404.38M318.24M163.19M51.52M
IncomeTaxPaidSupplementalData2.74M1.19M808.00K220.00K
EndCashPosition1.76B1.30B1.26B1.55B
BeginningCashPosition1.30B1.26B1.55B1.69B
EffectOfExchangeRateChanges-1.25M-2.68M81.00K-5.41M
ChangesInCash462.27M38.14M-290.94M-136.41M
FinancingCashFlow751.42M913.15M1.35B2.04B
CashFlowFromContinuingFinancingActivities751.42M913.15M1.35B2.04B
NetOtherFinancingCharges-1.37B-280.03M-302.86M-198.93M
ProceedsFromStockOptionExercised60.69M33.12M15.77M73.91M
NetPreferredStockIssuance0.000.00434.53M
PreferredStockPayments0.000.00-13.00K
PreferredStockIssuance0.000.00434.54M
NetCommonStockIssuance-250.00M0.00-109.00K-86.00K
CommonStockPayments-250.00M0.00-109.00K-86.00K
CommonStockIssuance0.000.001.31B
NetIssuancePaymentsOfDebt2.31B1.16B1.64B2.16B
NetLongTermDebtIssuance2.31B1.16B1.64B2.16B
LongTermDebtPayments-22.29B-13.83B-6.41B-4.64B
LongTermDebtIssuance24.59B14.99B8.04B6.80B
InvestingCashFlow-1.08B-1.33B-1.65B-2.01B
CashFlowFromContinuingInvestingActivities-1.08B-1.33B-1.65B-2.01B
NetOtherInvestingChanges-1.28B-1.32B-1.97B-363.29M
NetInvestmentPurchaseAndSale391.89M150.87M455.35M-1.53B
SaleOfInvestment1.22B1.14B1.54B311.04M
PurchaseOfInvestment-823.89M-986.07M-1.08B-1.84B
NetBusinessPurchaseAndSale0.000.00-16.05M-6.00M
PurchaseOfBusiness0.000.00-16.05M-6.00M
NetIntangiblesPurchaseAndSale0.000.00-25.41M0.00
PurchaseOfIntangibles0.000.00-25.41M0.00
NetPPEPurchaseAndSale-192.19M-159.30M-120.78M-86.29M
PurchaseOfPPE-192.19M-159.30M-120.78M-86.29M
OperatingCashFlow793.91M450.14M12.18M-162.19M
CashFlowFromContinuingOperatingActivities793.91M450.14M12.18M-162.19M
ChangeInWorkingCapital-49.83M-62.35M-134.97M-9.91M
ChangeInOtherCurrentAssets-12.18M31.23M-14.47M-15.02M
ChangeInPayablesAndAccruedExpense47.30M74.18M-52.82M67.81M
ChangeInAccruedExpense-46.56M-44.03M-30.25M71.20M
ChangeInInterestPayable2.39M11.14M7.92M3.91M
ChangeInPayable93.86M118.21M-22.57M-3.38M
ChangeInAccountPayable41.80M12.42M-5.04M-24.69M
ChangeInReceivables-84.95M-167.76M-67.69M-62.70M
ChangesInAccountReceivables-84.95M-167.76M-67.69M-62.70M
OtherNonCashItems-516.75M-315.96M-82.98M-401.08M
StockBasedCompensation321.43M344.51M451.71M390.98M
ProvisionandWriteOffofAssets616.68M460.63M331.86M255.27M
AssetImpairmentCharge0.00752.00K1.24M362.00K
AmortizationOfSecurities-44.03M-22.80M-36.06M2.19M
DepreciationAmortizationDepletion225.08M169.04M134.63M52.72M
DepreciationAndAmortization225.08M169.04M134.63M52.72M
OperatingGainsLosses189.14M394.08M332.09M254.68M
GainLossOnInvestmentSecurities271.56M406.71M421.93M254.68M
NetIncomeFromContinuingOperations52.19M-517.76M-985.35M-707.42M
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for AFRM
Date User Asset Broker Type Position Size Entry Price Patterns