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Affirm Holdings, Inc.

AFRM Clue Score62
United States Fiscal year ends June CIK 0001820953
$78.63 -2.57% Close, 12 Oct 2026
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Price $78.63 −44.10% Close, 12 Oct 2026

Closing prices at the end of each trading day, from 13 Jan 2021. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2019Revenue0.14Operating income−0.13Net income−0.12EPS, diluted−2.84Fiscal year 2020Revenue0.28 +96.8%Operating income−0.11Net income−0.11EPS, diluted−2.63Fiscal year 2021Revenue0.43 +55.5%Operating income−0.38Net income−0.44EPS, diluted−2.94Fiscal year 2022Revenue0.56 +30.2%Operating income−0.87Net income−0.71EPS, diluted−2.51Fiscal year 2023Revenue0.63 +12.1%Operating income−1.20Net income−0.99EPS, diluted−3.34Fiscal year 2024Revenue0.83 +31.8%Operating income−0.62Net income−0.52EPS, diluted−1.67Fiscal year 2025Revenue1.11 +34.9%Operating income−0.09Net income0.05EPS, diluted0.15Fiscal year 2026Revenue1.44 +29.6%Operating income0.42Net income1.93 +3,597.9%EPS, diluted5.53
FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Revenue 0.14 0.28 0.43 0.56 0.63 0.83 1.11 1.44
Growth +96.8% +55.5% +30.2% +12.1% +31.8% +34.9% +29.6%
Operating income −0.13 −0.11 −0.38 −0.87 −1.20 −0.62 −0.09 0.42
Net income −0.12 −0.11 −0.44 −0.71 −0.99 −0.52 0.05 1.93
Growth +3,597.9%
EPS, diluted −2.84 −2.63 −2.94 −2.51 −3.34 −1.67 0.15 5.53

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2019Operating margin−90.9%Net margin−85.9%Free cash flow margin−76.3%Fiscal year 2020Operating margin−39.0%Net margin−40.8%Free cash flow margin−33.4%Fiscal year 2021Operating margin−89.3%Net margin−102.7%Free cash flow margin−49.7%Fiscal year 2022Operating margin−154.9%Net margin−126.5%Free cash flow margin−44.4%Fiscal year 2023Operating margin−191.5%Net margin−157.2%Free cash flow margin−17.3%Fiscal year 2024Operating margin−74.6%Net margin−62.7%Free cash flow margin35.2%Fiscal year 2025Operating margin−7.8%Net margin4.7%Free cash flow margin54.0%Fiscal year 2026Operating margin28.9%Net margin133.6%Free cash flow margin68.7%
FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Operating margin −90.9% −39.0% −89.3% −154.9% −191.5% −74.6% −7.8% 28.9%
Net margin −85.9% −40.8% −102.7% −126.5% −157.2% −62.7% 4.7% 133.6%
Free cash flow margin −76.3% −33.4% −49.7% −44.4% −17.3% 35.2% 54.0% 68.7%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2019Operating cash flow−0.09Capital expenditure−0.02Free cash flow−0.11Buybacks−0.00Fiscal year 2020Operating cash flow−0.07Capital expenditure−0.02Free cash flow−0.09Buybacks−0.02Fiscal year 2021Operating cash flow−0.19Capital expenditure−0.02Free cash flow−0.21Buybacks−0.00Fiscal year 2022Operating cash flow−0.16Capital expenditure−0.09Free cash flow−0.25Buybacks−0.00Fiscal year 2023Operating cash flow0.01Capital expenditure−0.12Free cash flow−0.11Buybacks−0.00Fiscal year 2024Operating cash flow0.45Capital expenditure−0.16Free cash flow0.29Buybacks0.00Fiscal year 2025Operating cash flow0.79Capital expenditure−0.19Free cash flow0.60 +106.9%Buybacks−0.25Fiscal year 2026Operating cash flow1.23Capital expenditure−0.24Free cash flow0.99 +65.0%Buybacks0.00
FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Operating cash flow −0.09 −0.07 −0.19 −0.16 0.01 0.45 0.79 1.23
Capital expenditure −0.02 −0.02 −0.02 −0.09 −0.12 −0.16 −0.19 −0.24
Free cash flow −0.11 −0.09 −0.21 −0.25 −0.11 0.29 0.60 0.99
Growth +106.9% +65.0%
Buybacks −0.00 −0.02 −0.00 −0.00 −0.00 0.00 −0.25 0.00

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2019Cash0.36Shareholders’ equity−0.26Fiscal year 2020Cash0.27Shareholders’ equity−0.37Fiscal year 2021Cash1.47Shareholders’ equity2.58Fiscal year 2022Cash1.26Shareholders’ equity2.62Fiscal year 2023Cash0.89Shareholders’ equity2.53Fiscal year 2024Cash1.01Total debt1.84Net cash (debt)−0.82Shareholders’ equity2.73Debt to equity0.67Fiscal year 2025Cash1.35Total debt7.61Net cash (debt)−6.26Shareholders’ equity3.07Debt to equity2.48Fiscal year 2026Cash1.63Total debt9.79Net cash (debt)−8.16Shareholders’ equity5.48Debt to equity1.79
FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Cash 0.36 0.27 1.47 1.26 0.89 1.01 1.35 1.63
Total debt n/a n/a n/a n/a n/a 1.84 7.61 9.79
Net cash (debt) n/a n/a n/a n/a n/a −0.82 −6.26 −8.16
Shareholders’ equity −0.26 −0.37 2.58 2.62 2.53 2.73 3.07 5.48
Debt to equity n/a n/a n/a n/a n/a 0.67 2.48 1.79

In billions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2026 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending June, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2019 30 Jun 2019 FY2020 30 Jun 2020 FY2021 30 Jun 2021 FY2022 30 Jun 2022 FY2023 30 Jun 2023 FY2024 30 Jun 2024 FY2025 30 Jun 2025 FY2026 30 Jun 2026
Margins
−90.9% −39.0% −89.3% −154.9% −191.5% −74.6% −7.8% 28.9%
−85.8% −40.6% −103.3% −129.6% −157.8% −62.4% 5.5% 34.1%
−85.9% −40.8% −102.7% −126.5% −157.2% −62.7% 4.7% 133.6%
−76.3% −33.4% −49.7% −44.4% −17.3% 35.2% 54.0% 68.7%
Spending
63.4% 43.9% 89.4% 103.3% 93.5% 63.6% 48.9% 40.1%
13.8% 7.6% 4.7% 15.4% 19.3% 19.3% 17.3% 16.5%
n/a n/a n/a n/a n/a n/a 15.1% −291.7%
Returns
n/a n/a −17.1% −27.0% −38.9% −19.0% 1.7% 35.2%
n/a −8.0% −9.1% −10.1% −12.1% −5.4% 0.5% 12.2%
Balance and payout
n/a n/a n/a n/a n/a 0.67 2.48 1.79
n/a 68.8% 47.1% 62.5% 68.9% 71.3% 72.5% 65.3%
n/a n/a n/a n/a n/a 0.0% 41.5% 0.0%