Affirm Holdings, Inc. (AFRM)
Affirm Holdings, Inc. brought in $4.6B of revenue over the twelve months to September 30, 2026, up 32.7% from a year earlier. Net income was $2B, a net margin of 43.9%. Operating cash flow minus capital spending left $992.6M of free cash flow in fiscal 2026. At September 30, 2026 it held $2.1B in cash against $10.3B of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on November 5, 2026.
Key facts about Affirm Holdings, Inc.
- Net worth
- Affirm Holdings, Inc. has a market value (market cap) of $22.8B at the latest share price, and shareholders' equity of $5.8B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2026 revenue was $4.3B (+32.2% year on year), with net income of $1.9B. Over the 12 months to September 30, 2026: revenue $4.6B, net income $2B.
- Cash flow
- In fiscal 2026 operations brought in $1.2B of cash; after $238.3M of capital spending, free cash flow was $992.6M.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on November 5, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
- Next earnings report
- Affirm Holdings, Inc.'s next report is expected around February 4, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
What Affirm Holdings, Inc. does
Affirm Holdings, Inc. is registered with the SEC under industry code SIC 6141 (Personal Credit Institutions). Its shares trade on NASDAQ under the ticker AFRM.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2026 | $4.3B | $1.9B | $5.53 | $992.6M |
| 2025 | $3.2B | $52.2M | $0.15 | $601.7M |
| 2024 | $2.3B | -$517.8M | -$1.67 | $290.8M |
| 2023 | $1.6B | -$985.3M | -$3.34 | -$108.6M |
| 2022 | $1.3B | -$707.4M | -$2.51 | -$248.5M |
| 2021 | $870.5M | -$441M | -$2.94 | -$213.4M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where AFRM ranks in Finance
Latest SEC filings
What Affirm Holdings, Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.
- November 5, 2026Quarterly report 10-Q · period to September 30, 2026Revenue rose 35% to $1.3B versus the same quarter last year; diluted EPS $0.47 versus $0.23.
- November 5, 2026
- November 5, 2026Passive stake changed SCHEDULE 13G/A
- October 23, 2026Additional proxy material DEFA14A
- October 23, 2026Proxy statement DEF 14A
- October 23, 2026
- August 27, 2026
- August 27, 2026Annual report 10-K · period to June 30, 2026Revenue rose 32% to $4.3B versus the prior year; diluted EPS $5.53 versus $0.15.
- August 27, 2026
- August 12, 2026Passive stake changed SCHEDULE 13G/A
What is AFRM worth? A DCF from its reported cash flow
Insider trades
What the people running Affirm Holdings, Inc. did with its shares, from the Form 4 filings they must send the SEC within two business days.
Insiders sold $23.8M worth of shares in the last 90 days and bought none on the open market. Most of the selling (84%) was pre-planned under Rule 10b5-1 trading plans.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| October 9, 2026 | O'Hare RobertChief Financial Officer | Exercised options | 17,023 | $292.6K |
| October 9, 2026 | O'Hare RobertChief Financial Officer | Exercised options | 1,866 | $78K |
| October 9, 2026 | O'Hare RobertChief Financial Officer | Exercised options | 10,239 | $228.3K |
| October 9, 2026 | O'Hare RobertChief Financial Officer | Exercised options | 21,836 | $509.9K |
| October 9, 2026 | O'Hare RobertChief Financial Officer | Exercised options | 8,991 | $396.1K |
| October 9, 2026 | O'Hare RobertChief Financial Officer | Exercised options | 5,636 | $324.6K |
| October 9, 2026 | O'Hare RobertChief Financial Officer | Soldpre-planned (10b5-1) | 65,591 | $5.2M |
| September 14, 2026 | Jiyane SipheleleChief Accounting Officer | Sold | 26,980 | $1.9M |
Who owns AFRM
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Capital World Investors13G, passive | 7.9% | August 12, 2026 |
| Fmr LLC13G, passive with 1 related filers | 6.1% | May 6, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 659 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| Capital Research Global Investors | 26,000,572 | +1,408,539 |
| Capital World Investors | 23,115,136 | +602,213 |
| Morgan Stanley | 23,000,269 | +1,284,287 |
| BlackRock, Inc. | 19,613,537 | +881,044 |
| Fmr LLC | 17,581,656 | +287,275 |
| Jpmorgan Chase & Co | 16,722,922 | +11,425,906 |
| Vanguard Capital Management LLC | 12,320,890 | +168,515 |
| Vanguard Portfolio Management LLC | 11,886,405 | +286,412 |
| State Street Corp | 6,349,214 | +318,073 |
| Baillie Gifford & Co | 5,856,569 | +554,272 |
| Geode Capital Management, LLC | 5,712,491 | +189,719 |
| Winslow Capital Management, LLC | 4,577,562 | new |
| Durable Capital Partners LP | 4,425,406 | -1,224,028 |
| Norges Bank | 3,681,211 | new |
| Bank of America Corp | 2,840,260 | +65,962 |
| UBS Group AG | 2,511,220 | +209,003 |
| D1 Capital Partners L.P. | 1,908,511 | -28,389 |
| Vanguard Fiduciary Trust Co | 1,875,338 | +62,217 |
| Northern Trust Corp | 1,814,431 | +52,046 |
| Sei Investments Co | 1,705,507 | +1,484,689 |
Insiders
13 insiders reported holding 1,251,248 shares in total, about $85.1M at the last price.
| Holder | Shares |
|---|---|
| Liew JeremyDirector | 316,632 |
| Michalek LiborPresident, Director | 230,477 |
| Jiyane SipheleleChief Accounting Officer | 188,711 |
| Adkins KatherineChief Legal Officer | 152,439 |
| Linford MichaelPresident | 127,770 |
| Quarles Christa SDirector | 69,316 |
| Reses Jacqueline DDirector | 49,456 |
| Sanchez Rodriquez ManuelDirector | 40,172 |
| Watson Noel BertramDirector | 34,076 |
| Hughes BrianDirector | 23,355 |
Questions about AFRM
What does Affirm Holdings, Inc. do?
Affirm Holdings, Inc. is a company in the Finance sector, listed on NASDAQ as AFRM. Its shares trade on NASDAQ under the ticker AFRM.
What is Affirm Holdings, Inc.'s net worth?
Affirm Holdings, Inc. has a market value (market cap) of $22.8B at the latest share price, and shareholders' equity of $5.8B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Affirm Holdings, Inc. profitable?
Yes. Over the twelve months to September 30, 2026 it reported net income of $2B on revenue of $4.6B, a net margin of 43.9%.
How much revenue does Affirm Holdings, Inc. make?
Over the twelve months to September 30, 2026 Affirm Holdings, Inc. reported revenue of $4.6B. That is 32.7% more than a year earlier.
When did Affirm Holdings, Inc. last report?
Its most recent periodic report is the quarterly report (10-Q) filed on November 5, 2026. It covers the period to September 30, 2026.
When is Affirm Holdings, Inc.'s next earnings report?
Affirm Holdings, Inc.'s next report is expected around February 4, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
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Where the numbers come from
Financial figures are the values Affirm Holdings, Inc. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.