Affirm Holdings, Inc. is a buy now pay later, consumer credit, payment networks, and fintech company headquartered in San Francisco, California. The latest full-year anchor is FY2025, when Affirm crossed into GAAP net income, while the latest public quarter before July 20, 2026 is fiscal Q3 2026.
Affirm Key Facts
| Company | Affirm Holdings, Inc. |
|---|---|
| Founded | 2012 |
| Founders | Max Levchin, Nathan Gettings, Jeffrey Kaditz, and Alex Rampell |
| CEO | Max Levchin |
| Headquarters | San Francisco, California |
| FY2025 revenue | $3.22B |
| Employees | About 2,206 |
What Does Affirm Do?
Affirm is a financial technology company and payment network that offers transparent buy now, pay later loans, installment payments, merchant tools, Affirm Card, consumer app experiences, loan servicing, and capital-markets funding for transaction-level credit.
How Affirm Makes Money
Affirm makes money from merchant network fees, virtual card network revenue, interest income on installment loans, loan-sale gains, servicing income, and consumer products such as Affirm Card.
Affirm Revenue and Financials
Affirm reported $3.22B in FY2025 revenue and about $0.052B in net income. The most useful financial lens is not only the revenue total, but how revenue is produced across Merchant network, Virtual card network, Interest income, Gain on loan sales, Servicing income.
Affirm Founders and Origin
Affirm was founded by Max Levchin, Nathan Gettings, Jeffrey Kaditz, and Alex Rampell in 2012. The origin story matters because it explains why the company is still associated with buy now pay later, Affirm Card, merchant network, installment loans.
Strategy and Competitive Advantage
Affirm's advantage is transaction-level underwriting, transparent no-late-fee positioning, merchant integrations, capital-markets funding, brand trust, and a growing card/app ecosystem.
Risks and Challenges
The biggest risks are credit losses, funding costs, regulation of BNPL, merchant concentration, competition from PayPal, Klarna, Block, banks, and card networks, and consumer-spending cyclicality.
Important Facts
- FY2025 revenue was $3.224 billion and net income was $52.2 million.
- Affirm reported Q3 FY2026 results for the quarter ended March 31, 2026.
- Max Levchin is founder and CEO, and he previously co-founded PayPal.
- Affirm served about 23 million active consumers in FY2025 impact reporting.
- The search intent centers on BNPL economics, merchant fees, interest income, credit risk, Affirm Card, and Max Levchin.
Frequently Asked Questions
What is Affirm?
Affirm is a buy now pay later, consumer credit, payment networks, and fintech company. The latest full-year anchor is FY2025, when Affirm crossed into GAAP net income, while the latest public quarter before July 20, 2026 is fiscal Q3 2026.
What was Affirm revenue in 2025?
Affirm reported $3.22B in FY2025 revenue.
Who founded Affirm?
Affirm was founded by Max Levchin, Nathan Gettings, Jeffrey Kaditz, and Alex Rampell in 2012.
Who is the CEO of Affirm?
Max Levchin is the CEO or current top executive listed for Affirm.
How does Affirm make money?
Affirm makes money from merchant network fees, virtual card network revenue, interest income on installment loans, loan-sale gains, servicing income, and consumer products such as Affirm Card.
Where is Affirm headquartered?
Affirm is headquartered in San Francisco, California.
What are Affirm's main products?
Affirm's main products and services include buy now pay later, Affirm Card, merchant network, installment loans, Affirm app, loan servicing.
Who are Affirm's competitors?
Affirm competes with PayPal, Block, Klarna and other companies in buy now pay later, consumer credit, payment networks, and fintech.
