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Affirm vs Enova International: revenue, profit, margins and growth compared

Affirm brought in $4.3B of revenue in fiscal 2026, Enova International $3.2B in fiscal 2025. Revenue changed by +32.2% at Affirm and +18.6% at Enova International on the year before, so Affirm grew faster. Affirm kept 45.3% of its revenue as net profit, Enova International 9.8%. Free cash flow was $992.6M at Affirm and $1.8B at Enova International.

Side by side, latest fiscal year

AFRMENVA
Fiscal year endedFY2026 (June 30, 2026)FY2025 (December 31, 2025)
Revenue$4.3B$3.2B
Revenue growth+32.2%+18.6%
Net income$1.9B$308.4M
Net margin45.3%9.8%
Free cash flow$992.6M$1.8B
Free cash flow margin23.3%56.2%
Earnings per share (diluted)$5.53$11.52
Cash$1.6B$71.7M
Debt$9.8B$4.5B
Price to earnings12.915.1
Market value$24B$4.3B
Dividend yieldn/an/a
Rank by revenue in sector#106 of 444 · Finance#121 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: $4.3BENVA FY2018: $972.6MENVA FY2019: $1.2BENVA FY2020: $1.1BENVA FY2021: $1.2BENVA FY2022: $1.7BENVA FY2023: $2.1BENVA FY2024: $2.7BENVA FY2025: $3.2BFY18FY19FY20FY21FY22FY23FY24FY25FY26
AFRM $4.3BENVA $3.2B
Net income
AFRM FY2019: -$120.5MAFRM FY2021: -$112.6MAFRM FY2021: -$441MAFRM FY2022: -$707.4MAFRM FY2023: -$985.3MAFRM FY2024: -$517.8MAFRM FY2025: $52.2MAFRM FY2026: $1.9BENVA FY2018: $70.1MENVA FY2019: $36.6MENVA FY2020: $377.8MENVA FY2021: $256.3MENVA FY2022: $207.4MENVA FY2023: $175.1MENVA FY2024: $209.4MENVA FY2025: $308.4MFY18FY19FY20FY21FY22FY23FY24FY25FY26
AFRM $1.9BENVA $308.4M
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%ENVA FY2018: 7.2%ENVA FY2019: 3.1%ENVA FY2020: 34.9%ENVA FY2021: 21.2%ENVA FY2022: 11.9%ENVA FY2023: 8.3%ENVA FY2024: 7.9%ENVA FY2025: 9.8%FY18FY19FY20FY21FY22FY23FY24FY25FY26
AFRM 45.3%ENVA 9.8%
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%ENVA FY2019: +20.8%ENVA FY2020: -7.8%ENVA FY2021: +11.5%ENVA FY2022: +43.7%ENVA FY2023: +22.0%ENVA FY2024: +25.5%ENVA FY2025: +18.6%FY19FY20FY21FY22FY23FY24FY25FY26
AFRM +32.2%ENVA +18.6%
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: $992.6MENVA FY2018: $670.2MENVA FY2019: $828.6MENVA FY2020: $711.4MENVA FY2021: $442.2MENVA FY2022: $850.4MENVA FY2023: $1.1BENVA FY2024: $1.5BENVA FY2025: $1.8BFY18FY19FY20FY21FY22FY23FY24FY25FY26
AFRM $992.6MENVA $1.8B

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

Questions about Affirm and Enova International

Which is bigger by revenue, Affirm or Enova International?

Affirm is bigger by revenue: $4.3B in fiscal 2026, against $3.2B for Enova International in fiscal 2025.

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

Affirm had a net margin of 45.3% in fiscal 2026; Enova International had 9.8% in fiscal 2025.

Which grew revenue faster, Affirm or Enova International?

In their latest fiscal years revenue changed by +32.2% at Affirm and +18.6% at Enova International.

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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