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Affirm vs Credit Acceptance: revenue, profit, margins and growth compared

Affirm brought in $4.3B of revenue in fiscal 2026, Credit Acceptance $2.3B in fiscal 2025. Revenue changed by +32.2% at Affirm and +7.2% at Credit Acceptance on the year before, so Affirm grew faster. Affirm kept 45.3% of its revenue as net profit, Credit Acceptance 18.3%. Free cash flow was $992.6M at Affirm and $1.1B at Credit Acceptance.

Side by side, latest fiscal year

AFRMCACC
Fiscal year endedFY2026 (June 30, 2026)FY2025 (December 31, 2025)
Revenue$4.3B$2.3B
Revenue growth+32.2%+7.2%
Net income$1.9B$423.9M
Net margin45.3%18.3%
Free cash flow$992.6M$1.1B
Free cash flow margin23.3%45.4%
Earnings per share (diluted)$5.53$36.38
Cash$1.6B$22.8M
Debt$9.8Bn/a
Price to earnings12.915.3
Market value$24B$5.8B
Dividend yieldn/an/a
Rank by revenue in sector#106 of 444 · Finance#135 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: $4.3BCACC FY2018: $1.3BCACC FY2019: $1.5BCACC FY2020: $1.7BCACC FY2021: $1.9BCACC FY2022: $1.8BCACC FY2023: $1.9BCACC FY2024: $2.2BCACC FY2025: $2.3BFY18FY19FY20FY21FY22FY23FY24FY25FY26
AFRM $4.3BCACC $2.3B
Net income
AFRM FY2019: -$120.5MAFRM FY2021: -$112.6MAFRM FY2021: -$441MAFRM FY2022: -$707.4MAFRM FY2023: -$985.3MAFRM FY2024: -$517.8MAFRM FY2025: $52.2MAFRM FY2026: $1.9BCACC FY2018: $574MCACC FY2019: $656.1MCACC FY2020: $421MCACC FY2021: $958.3MCACC FY2022: $535.8MCACC FY2023: $286.1MCACC FY2024: $247.9MCACC FY2025: $423.9MFY18FY19FY20FY21FY22FY23FY24FY25FY26
AFRM $1.9BCACC $423.9M
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%CACC FY2018: 44.6%CACC FY2019: 44.1%CACC FY2020: 25.2%CACC FY2021: 51.6%CACC FY2022: 29.2%CACC FY2023: 15.0%CACC FY2024: 11.5%CACC FY2025: 18.3%FY18FY19FY20FY21FY22FY23FY24FY25FY26
AFRM 45.3%CACC 18.3%
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%CACC FY2019: +15.8%CACC FY2020: +12.1%CACC FY2021: +11.2%CACC FY2022: -1.3%CACC FY2023: +3.8%CACC FY2024: +13.7%CACC FY2025: +7.2%FY19FY20FY21FY22FY23FY24FY25FY26
AFRM +32.2%CACC +7.2%
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: $992.6MCACC FY2018: $678.8MCACC FY2019: $785.5MCACC FY2020: $976.7MCACC FY2021: $1.1BCACC FY2022: $1.2BCACC FY2023: $1.2BCACC FY2024: $1.1BCACC FY2025: $1.1BFY18FY19FY20FY21FY22FY23FY24FY25FY26
AFRM $992.6MCACC $1.1B

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

Questions about Affirm and Credit Acceptance

Which is bigger by revenue, Affirm or Credit Acceptance?

Affirm is bigger by revenue: $4.3B in fiscal 2026, against $2.3B for Credit Acceptance in fiscal 2025.

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

Affirm had a net margin of 45.3% in fiscal 2026; Credit Acceptance had 18.3% in fiscal 2025.

Which grew revenue faster, Affirm or Credit Acceptance?

In their latest fiscal years revenue changed by +32.2% at Affirm and +7.2% at Credit Acceptance.

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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