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Affirm vs Atlanticus: revenue, profit, margins and growth compared

Affirm brought in $4.3B of revenue in fiscal 2026, Atlanticus $2B in fiscal 2025. Revenue changed by +32.2% at Affirm and +50.1% at Atlanticus on the year before, so Atlanticus grew faster. Affirm kept 45.3% of its revenue as net profit, Atlanticus 6.2%.

Side by side, latest fiscal year

AFRMATLC
Fiscal year endedFY2026 (June 30, 2026)FY2025 (December 31, 2025)
Revenue$4.3B$2B
Revenue growth+32.2%+50.1%
Net income$1.9B$122.2M
Net margin45.3%6.2%
Free cash flow$992.6Mn/a
Free cash flow margin23.3%n/a
Earnings per share (diluted)$5.53$5.96
Cash$1.6B$621.1M
Debt$9.8Bn/a
Price to earnings12.915.5
Market value$24B$1.4B
Dividend yieldn/an/a
Rank by revenue in sector#106 of 444 · Finance#147 of 444 · Finance

Over the years

Revenue
AFRM FY2019: $264.4MAFRM FY2021: $509.5MAFRM FY2021: $870.5MAFRM FY2022: $1.3BAFRM FY2023: $1.6BAFRM FY2024: $2.3BAFRM FY2025: $3.2BAFRM FY2026: $4.3BATLC FY2018: $5.6MATLC FY2019: $455.2MATLC FY2020: $563.4MATLC FY2021: $748.1MATLC FY2022: $1BATLC FY2023: $1.2BATLC FY2024: $1.3BATLC FY2025: $2BFY18FY19FY20FY21FY22FY23FY24FY25FY26
AFRM $4.3BATLC $2B
Net income
AFRM FY2019: -$120.5MAFRM FY2021: -$112.6MAFRM FY2021: -$441MAFRM FY2022: -$707.4MAFRM FY2023: -$985.3MAFRM FY2024: -$517.8MAFRM FY2025: $52.2MAFRM FY2026: $1.9BATLC FY2018: $7.9MATLC FY2019: $26.4MATLC FY2020: $94.1MATLC FY2021: $177.9MATLC FY2022: $135.6MATLC FY2023: $102.8MATLC FY2024: $111.3MATLC FY2025: $122.2MFY18FY19FY20FY21FY22FY23FY24FY25FY26
AFRM $1.9BATLC $122.2M
Net margin
AFRM FY2019: -45.6%AFRM FY2021: -22.1%AFRM FY2021: -50.7%AFRM FY2022: -52.4%AFRM FY2023: -62.1%AFRM FY2024: -22.3%AFRM FY2025: 1.6%AFRM FY2026: 45.3%ATLC FY2018: 141.4%ATLC FY2019: 5.8%ATLC FY2020: 16.7%ATLC FY2021: 23.8%ATLC FY2022: 13.0%ATLC FY2023: 8.9%ATLC FY2024: 8.5%ATLC FY2025: 6.2%FY18FY19FY20FY21FY22FY23FY24FY25FY26
AFRM 45.3%ATLC 6.2%
Revenue growth
AFRM FY2021: +92.7%AFRM FY2021: +70.8%AFRM FY2022: +55.0%AFRM FY2023: +17.7%AFRM FY2024: +46.3%AFRM FY2025: +38.8%AFRM FY2026: +32.2%ATLC FY2019: +8,092.9%ATLC FY2020: +23.8%ATLC FY2021: +32.8%ATLC FY2022: +40.0%ATLC FY2023: +10.4%ATLC FY2024: +13.5%ATLC FY2025: +50.1%FY19FY20FY21FY22FY23FY24FY25FY26
AFRM +32.2%ATLC +50.1%
Free cash flow
AFRM FY2019: -$107.1MAFRM FY2021: -$92.3MAFRM FY2021: -$213.4MAFRM FY2022: -$248.5MAFRM FY2023: -$108.6MAFRM FY2024: $290.8MAFRM FY2025: $601.7MAFRM FY2026: $992.6MATLC FY2018: $41.5MATLC FY2019: $99.7MATLC FY2020: $212MFY18FY19FY20FY21FY22FY23FY24FY25FY26
AFRM $992.6MATLC $212M

Fiscal years as each company reports them; the two may end in different months.

Questions about Affirm and Atlanticus

Which is bigger by revenue, Affirm or Atlanticus?

Affirm is bigger by revenue: $4.3B in fiscal 2026, against $2B for Atlanticus in fiscal 2025.

Which keeps more of its revenue as profit, Affirm or Atlanticus?

Affirm had a net margin of 45.3% in fiscal 2026; Atlanticus had 6.2% in fiscal 2025.

Which grew revenue faster, Affirm or Atlanticus?

In their latest fiscal years revenue changed by +32.2% at Affirm and +50.1% at Atlanticus.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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