Affirm Holdings, Inc.
Financial Performance
Affirm Revenue & Financials
Revenue
$4.3B (FY2026)
Market Cap
$24B
Net Income
$1.9B
Employees
2,358
What is Affirm's revenue?
Affirm had $4.3B in revenue for fiscal year 2026, up 32.2% from 2025. Net income was $1.9B.
- Latest revenue
- $4.3B (FY2026)
- Year-over-year
- +32.2%
- Growth rate (CAGR)
- 48.8% over 7 years
- Peak revenue
- $4.3B (FY2026)
- Years of data
- 8
- Employees
- 2,358
Financial Analysis
Affirm's results depend on transaction volume, credit performance, funding costs, and loan-sale markets. FY2026 revenue was $4.261 billion on $50.2 billion of GMV. Net income was $1.930 billion, but included a $1.45 billion income-tax benefit from releasing a valuation allowance on domestic deferred tax assets.
Revenue Trend Analysis
YoY Change
+32.2%
7-Year CAGR
+48.8%
Peak Year
2026
Trend
Consistent Growth
Affirm Holdings, Inc. has 8 full fiscal year figures on this page, compounding at +48.8% annually over 7 years. The most recent year saw a 32.2% increase versus the prior year. Annual revenue peaked in fiscal year 2026 at $4.3B. Of 7 comparable year-over-year steps, 7 showed growth and 0 showed a decline.
Annual revenue history
| Fiscal Year | Revenue | Operating Income | Net Income | YoY Change | Source |
|---|---|---|---|---|---|
| FY2026 | $4.3B | $417M | $1.9B | +32.2% | Affirm Holdings, Inc. annual report (SEC EDGAR, filed 2026-08-27) Fiscal year ended 2026-06-30. |
| FY2025 | $3.2B | -$87.3M | $52.2M | +38.8% | Affirm Holdings, Inc. annual report (SEC EDGAR, filed 2026-08-27) Fiscal year ended 2025-06-30. |
| FY2024 | $2.3B | -$615.8M | -$517.8M | +46.3% | Affirm Holdings, Inc. annual report (SEC EDGAR, filed 2026-08-27) Fiscal year ended 2024-06-30. |
| FY2023 | $1.6B | -$1.2B | -$985.3M | +17.7% | Affirm Holdings, Inc. annual report (SEC EDGAR, filed 2025-08-28) Fiscal year ended 2023-06-30. |
| FY2022 | $1.3B | -$866M | -$707.4M | +55.0% | Affirm Holdings, Inc. annual report (SEC EDGAR, filed 2024-08-28) Fiscal year ended 2022-06-30. |
| FY2021 | $870.5M | -$383.7M | -$441M | +70.8% | Affirm Holdings, Inc. annual report (SEC EDGAR, filed 2023-08-25) Fiscal year ended 2021-06-30. |
| FY2020 | $509.5M | -$107.8M | -$112.6M | +92.7% | Affirm Holdings, Inc. annual report (SEC EDGAR, filed 2022-08-29) Fiscal year ended 2020-06-30. |
| FY2019 | $264.4M | -$127.4M | -$120.5M | — | Affirm Holdings, Inc. annual report (SEC EDGAR, filed 2021-09-17) Fiscal year ended 2019-06-30. |
Click any row to see year details.
Affirm Holdings, Inc. balance sheet and cash flow
Balance-sheet figures are as of each fiscal year end; cash-flow figures cover the fiscal year. Taken from the company's annual report on Form 10-K, linked on each row. Free cash flow here is operating cash flow less capital expenditures, calculated by CorpDigest. In some years total assets exceed liabilities plus shareholders' equity because the company reported redeemable preferred stock or non-controlling interests outside both.
| Fiscal Year | Operating cash flow | Capital expenditures | Total assets | Total liabilities | Shareholders' equity | Free cash flow | Source |
|---|---|---|---|---|---|---|---|
| FY2026ended Jun 30, 2026 | $1.2B | $238.3M | $15.8B | $10.3B | $5.5B | $992.6M | Form 10-K |
| FY2025ended Jun 30, 2025 | $793.9M | $192.2M | $11.2B | $8.1B | $3.1B | $601.7M | Form 10-K |
| FY2024ended Jun 30, 2024 | $450.1M | $159.3M | $9.5B | $6.8B | $2.7B | $290.8M | Form 10-K |
| FY2023ended Jun 30, 2023 | $12.2M | $120.8M | $8.2B | $5.6B | $2.5B | -$108.6M | Form 10-K |
| FY2022ended Jun 30, 2022 | -$162.2M | $86.3M | $7B | $4.4B | $2.6B | -$248.5M | Form 10-K |
| FY2021ended Jun 30, 2021 | -$193.1M | $20.3M | $4.9B | $2.3B | $2.6B | -$213.4M | Form 10-K |
| FY2020ended Jun 30, 2020 | -$71.3M | $21M | $1.4B | $965.2M | -$367.1M | -$92.3M | Form 10-K |
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Affirm Revenue and Financial FAQ
What was Affirm's total net revenue in its latest fiscal year?
Affirm Holdings, Inc. reported revenue of $4.3 billion for fiscal year 2026, up from $3.2 billion in fiscal 2025.
What is Affirm's annual Gross Merchandise Volume (GMV)?
Affirm processed $50.2 billion of GMV in fiscal 2026. GMV is the total value of transactions processed through the platform and should not be confused with Affirm's $4.261 billion of revenue.
When did Affirm achieve GAAP operating profitability?
Affirm reported its first full fiscal-year GAAP net income in FY2025. FY2026 net income rose to $1.930 billion, including a $1.45 billion income-tax benefit from releasing a deferred-tax valuation allowance.
What is Affirm's market capitalization and equity valuation?
Affirm's market capitalization was approximately $24.03 billion as of September 18, 2026, according to Stock Analysis. Market capitalization changes with the share price.
What is Affirm's credit loss provision rate and delinquency performance?
Affirm discloses credit-performance measures in its filings and earnings materials, but delinquency rates vary by product, cohort, and period; the company adjusts underwriting as conditions change.
How much funding capacity does Affirm maintain across its capital facilities?
Affirm funds loans through warehouse facilities, securitizations, and loan-sale partnerships. Available capacity changes over time and is reported in the company's latest filings.
What percentage of Affirm's GMV is interest-bearing vs. 0% APR?
Affirm offers both interest-bearing and 0% APR products. The mix varies by merchant, product, and period, so the latest earnings supplement is the appropriate source for a current percentage.
How many active merchants are integrated on Affirm's platform?
Affirm's FY2025 impact report cited approximately 377,000 active merchants across the United States. Merchant counts can change with commerce-platform adoption and the reporting definition.
Is Affirm a profitable company?
Affirm has historically operated at a loss to aggressively capture market share, focusing entirely on growing its network and GMV.
Cite or embed this data
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Affirm Revenue & Financials." CorpDigest, https://corpdigest.com/company/affirm/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>Affirm reported $4.3B in revenue (FY2026).</strong><br>Source: <a href="https://corpdigest.com/company/affirm/financials" target="_blank" rel="noopener">CorpDigest — Affirm financials</a></div>Related Financial Audits
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