Latest revenue
$334.5M
as of 2026-03-31
Latest net income
$102.9M
as of 2026-03-31
Net margin
30.8%
as of 2026-03-31
Price · 5Y
Live market
delayed ≤15 min- Market cap
- $3.86B
- Enterprise value
- $3.86B
- P/E (trailing)
- 74.0×
- Forward P/E
- —
- P/B
- —
- Dividend yield
- 0.0%
- 52-wk high
- $100.00
- 52-wk low
- $42.09
- Beta
- —
- Shares out
- 59.2M
5-year trend
What this company does
ITEM 1. BUSINESS Company Overview Affirm was founded in 2012 with a mission to deliver honest financial products that improve lives. We are building the next generation payment network. We believe that by using modern technology, strong engineering talent, and a mission-driven approach, we can reinvent payments and commerce. Our solutions, which are built on trust and transparency, are designed to make it easier for consumers to spend and save responsibly and with confidence, easier for merchants and commerce platforms to convert sales and grow, and easier for commerce to thrive. Our Business Legacy payment options, archaic systems, and traditional risk and credit underwriting models can be…
AI summary unavailable — showing raw filing excerpt
Generated from AFRM's filing dated 2025-08-28
Key risks
Table of Contents Item 1A. Risk Factors Investing in our Class A common stock involves a high degree of risk. You should consider carefully the material factors, risks and uncertainties described below that make an investment in our Company speculative or risky, together with all of the other information in this Form 10-K, including the section titled “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and our consolidated financial statements and the accompanying notes included elsewhere in this Form 10-K, before deciding whether to invest in shares of our Class A common stock. The risks and uncertainties described below are not the only ones we face.…
AI summary unavailable — showing raw filing excerpt
Generated from AFRM's filing dated 2025-08-28
Profitability
Operating margin
-2.7%
89.8%Net margin
1.6%
107.3%Return on equity
1.7%
109.0%Return on assets
0.5%
100.3%Leverage
Debt / equity
2.63×
402.9%Debt / assets
72.5%
110.8%Earnings tracker
| Quarter | Revenue | YoY | Net income | YoY | Net margin |
|---|---|---|---|---|---|
Q1 2026 2026-03-31 | $334.5M | +22.7% | $102.9M | +3569.8% | 30.8% |
Q4 2025 2025-12-31 | $401.4M | +32.5% | $129.6M | +752.4% | 32.3% |
Q3 2025 2025-09-30 | $320.5M | +38.2% | $80.7M | +180.5% | 25.2% |
Q2 2025 2025-06-30 | $2.42B | +40.4% | $169.5M | +475.5% | 7.0% |
Q1 2025 2025-03-31 | $272.5M | +39.8% | $2.8M | +102.1% | 1.0% |
Q4 2024 2024-12-31 | $303.0M | +33.1% | $-19.9M | +88.1% | -6.6% |
Q3 2024 2024-09-30 | $231.8M | +29.2% | $-100.2M | +41.7% | -43.2% |
Q2 2024 2024-06-30 | $1.72B | — | $-45.1M | — | -2.6% |
Year-over-year change vs the same fiscal quarter one year prior. Revenue + net income sourced from SEC 10-Q / 10-K filings — no analyst-consensus dependency.
Industry trend
Personal Credit Institutions · SIC 6141
Your notes
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Insider activity
Insider buying
$0
Insider selling
$218.0M
Net activity
−$218.0M
Distinct insiders
7
Open-market trades over the last 365 days.
Recent transactions
| Date | Insider | Type | Shares | Price | Value | |
|---|---|---|---|---|---|---|
| 2026-05-13 | Noel Bertram Watson Director | Sale | 2,000 | $65.00 | $130.0K | |
| 2026-04-14 | Noel Bertram Watson Director | Sale | 2,000 | $55.00 | $110.0K |
Source: SEC Form 4 filings. Officers, directors, and 10%+ owners must disclose share transactions within two business days. RSU grants and tax-withholding rows are excluded by default — compensation activity is not a trading signal.
Who owns AFRM
Institutional value
$6.11B
Total shares held
134.5M
Distinct holders
379
As of
2026-03-31
Filers with $100M+ AUM disclose holdings 45 days after quarter end.
Top institutional holders
| # | Manager | Shares | Value | QoQ change | Action |
|---|---|---|---|---|---|
| 1 | Capital Research Global Investors | 24.6M | $1.13B | — | New |
| 2 | Capital World Investors | 22.5M | $1.03B | — | New |
| 3 | BlackRock, Inc. | 18.7M | $858.3M | — | New |
| 4 | VANGUARD CAPITAL MANAGEMENT LLC | 12.2M | $556.8M | — | New |
| 5 | VANGUARD PORTFOLIO MANAGEMENT LLC | 11.6M | $531.5M | — | New |
| 6 | BAILLIE GIFFORD & CO | 5.3M | $243.0M | — | New |
| 7 | JPMORGAN CHASE & CO | 5.3M | $227.9M | — | New |
| 8 | UBS Group AG | 2.3M | $105.5M | — | New |
| 9 | VANGUARD FIDUCIARY TRUST CO | 1.8M | $83.1M | — | New |
| 10 | DIMENSIONAL FUND ADVISORS LP | 1.6M | $72.1M | — | New |
| 11 | Allspring Global Investments Holdings, LLC | 1.6M | $71.8M | — | New |
| 12 | WESTFIELD CAPITAL MANAGEMENT CO LP | 1.1M | $49.5M | — | New |
| 13 | UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 1.1M | $48.8M | — | New |
| 14 | JANE STREET GROUP, LLC | 1.0M | $47.5M | — | New |
| 15 | Bank of New York Mellon Corp | 1.0M | $46.9M | — | New |
| 16 | Leo Wealth, LLC | 924.6K | $42.4M | — | New |
| 17 | Swiss National Bank | 806.8K | $37.0M | — | New |
| 18 | ALLEN OPERATIONS LLC | 721.4K | $33.1M | — | New |
| 19 | CITIGROUP INC | 713.2K | $32.7M | — | New |
| 20 | Artemis Investment Management LLP | 685.6K | $31.4M | — | New |
Source: SEC Form 13F-HR. Positions aggregated across sub-managers within each firm. Options (puts/calls) excluded — common stock only.
Top questions investors are asking
Coming once AFRM's latest filing finishes processing.