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Afterpay Limited

Buy NowFounded 2014
Reviewed by Swet Parvadiya
Company data updated: September 2026
Independent Editorial Analysis
13 historical events · Editorial analysis

Afterpay Company Profile: Revenue, Business Model & Strategy

Research depth: 13 milestones · 9 FAQs

Afterpay is an Australian BNPL company founded in 2014 by Nick Molnar and Anthony Eisen. It reported ~$596 million (A$924.6 million) of total income in FY2021 and became a wholly owned Block subsidiary on January 31, 2022.

How Afterpay makes money: Before the Block acquisition, Afterpay earned most income from merchant fees on purchases processed through its platform, with a smaller contribution from customer late fees.

Revenue & employeesCEO historyFoundersBusiness model
Annual Revenue (FY2021)~$596.4M
Employees1,300
CEOJack Dorsey (Block parent)
Founded2014
IndustryBuy Now
By Swet ParvadiyaLast reviewed:
Data sources: annual reports, SEC filings, methodology
Industry:Buy Now

Afterpay Limited key figures

Afterpay Limited had revenue of ~$596.4M for fiscal year 2021, up 78.1% from FY2020. Net loss was ~$102.8M, a net margin of -17.2%.

Source: Afterpay FY2021 annual report · Last reviewed September 2026

Revenue growth, FY2016 to FY2021
+266.4% a year
Compound annual rate, ~$903,000 to ~$596.4M
Peak revenue year
FY2021
The latest annual year is the highest in this series
Revenue per employee
~$458,744
FY2021 revenue divided by 1,300 employees; headcount may use another date
Documented transactions
4
Between 2017 and 2020
Founded
2014
12 years ago
Where was Afterpay founded?
Afterpay was founded in Sydney, Australia in 2014.
When did Afterpay start?
Afterpay was founded in 2014.
How old is Afterpay?
Afterpay is 12 years old as of 2026.
In-Depth Analysis
324 words · 2 min read

Afterpay Limited is an Australian buy now, pay later company founded in Sydney in 2014 by Nick Molnar and Anthony Eisen. The listed company was based in Melbourne. Block acquired all issued Afterpay shares on January 31, 2022, and Afterpay now operates as a wholly owned Block subsidiary.

What does Afterpay do?

Afterpay lets eligible customers divide purchases into four installments over six weeks. The pre-acquisition company earned most income from merchant fees and also received capped late fees. In the United Kingdom, the service is branded Clearpay.

Afterpay financial history

Afterpay reported in Australian dollars while it was listed on the ASX. Total income rose from ~$903,000 (A$1.4 million) in FY2016 to ~$596 million (A$924.6 million) in FY2021. The FY2021 statutory loss after tax was ~$103 million (A$159.4 million). FY2021 is the last full standalone fiscal year before Block acquired Afterpay; Block does not publish a directly comparable post-acquisition standalone revenue series.

Founders and leadership

Nick Molnar and Anthony Eisen co-founded and co-led Afterpay through the acquisition. Block said at closing that Molnar and Eisen would lead Afterpay seller and consumer businesses within Square and Cash App. In 2024 Block assigned Molnar a centralized sales role across Block. In 2025 Block said Eisen was CEO and Chairman of Reshop when he joined the Block board. Block has not disclosed a current standalone Afterpay CEO; Jack Dorsey leads parent company Block.

Acquisitions and expansion

Afterpay acquired Touchcorp in 2017, a 90% stake in ClearPay in 2018, and EmpatKali in 2020. It also agreed in 2020 to acquire Pagantis and PMT Technology for southern European expansion. Block announced its proposed all-stock acquisition in August 2021 and completed the scheme on January 31, 2022.

Regulation

Australian BNPL contracts became regulated credit contracts on June 10, 2025. Providers must satisfy credit-licensing, complaints-membership, and applicable responsible-lending requirements. Earlier, an AUSTRAC-ordered audit identified historical AML/CTF compliance breaches; Afterpay completed remediation and AUSTRAC took no further regulatory action in 2020.

Table of Contents

Afterpay Limited Key Facts

CompanyAfterpay Limited
Annual revenue change+78.1% (FY2020–FY2021)
Financials~$596.4M (FY2021, last reviewed September 2026)
FY2021 net incomeloss ~$102.8M
Last reviewedBy Swet Parvadiya, Founder & Editor - September 2026
Founded2014
Founder(s)Nick Molnar, Anthony Eisen
CEOJack Dorsey (Block parent)
HeadquartersMelbourne, Victoria, Australia
IndustryBuy Now
Employees1,300+

Afterpay Company Profile: Revenue, Business Model & Strategy

"Afterpay reported ~$596 million (A$924.6 million) of total income in FY2021, its last full standalone fiscal year before Block completed the acquisition on January 31, 2022."

Afterpay is an Australian BNPL company founded in 2014 by Nick Molnar and Anthony Eisen. It reported ~$596 million (A$924.6 million) of total income in FY2021 and became a wholly owned Block subsidiary on January 31, 2022.

Revenue

~$596.4M

Founded

2014

Author: CorpDigest Research DeskCompany Research

Recorded annual revenue change

Afterpay Limited had ~$334.9M of annual revenue in FY2020 and ~$596.4M in FY2021. Revenue rose 78.1% between those fiscal years.

Source for FY2021

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Explore Afterpay In Depth

Detailed research across every dimension of Afterpay — history, financials, leadership, and strategy.

Company History

Nick Molnar and Anthony Eisen founded Afterpay in Sydney in 2014. The listed company maintained its corporate base in Melbourne, expanded internationally, and used the Clearpay name in the United Kingdom.

Full Afterpay history →

Revenue & Financials

Afterpay had ~$596.4M in revenue for fiscal year 2021. Data covers 6 fiscal years.

Afterpay financials →

Founders

Afterpay was founded by Nick Molnar, Anthony Eisen in 2014. Explore each founder's background, motivations, and their role in building the company.

Afterpay founders →

CEO & Leadership

Afterpay is currently led by Jack Dorsey (Block parent). Explore the full CEO history — leadership transitions, tenures, and the strategic decisions of each chief executive.

Afterpay CEO history →

Business Model

Before the Block acquisition, Afterpay earned most income from merchant fees on purchases processed through its platform, with a smaller contribution from customer late fees.

How Afterpay makes money →

Acquisitions

Afterpay has completed 4 documented acquisitions. Explore the full acquisition history and strategic rationale behind each deal.

Afterpay acquisitions →

Competitive Strategy

Block stated at closing that it intended to add Afterpay BNPL to Square checkout, let Afterpay customers manage installments in Cash App, and help Cash App customers discover sellers and BNPL offers.

Afterpay strategy →

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CorpDigest Research Desk

 Research Profile

Our analysts compile business strategy profiles from public financial filings, press releases, and analyst reports. Each profile is reviewed for accuracy before publication by our editorial desk and updated on a rolling basis.

About the Author →Our Methodology →

Sources & References

All data point citations [1], [2], etc. in the tables above refer to these primary sources.

Financial data on this page is sourced from SEC EDGAR filings, official earnings releases, and verified press statements. Revenue figures are reviewed and updated periodically. Read our full data methodology ->

Editorial Methodology

Company Research

We use company filings, annual reports, company statements and press reports, with primary sources preferred where available. Each financial row shows its recorded source. Full-year figures are separated from annualized run-rates, partial periods and forecasts; unaudited figures carry a label. Source detail varies by company, so check the linked material when the reporting basis matters.

1. Primary Sources

Public companies may provide filings and annual reports. Private-company figures may come from statements or press coverage. A missing figure stays missing, and a source link should identify where its number came from.

2. Expert Curation

We organize company records and review claims for strategic context, source quality and clarity. Pages show a review date where one is recorded.

3. Multi-Pass Audit

Technical checks flag inconsistent figures and missing links. Editorial review of the underlying source remains necessary for claims those checks cannot verify.

Swet Parvadiya
SEC filings & public records methodology
Sourced from public financial records

Frequently Asked Questions About Afterpay

Who founded Afterpay?

Nick Molnar and Anthony Eisen founded Afterpay in Sydney in 2014. The later ASX-listed company maintained its corporate base in Melbourne.

Who owns Afterpay?

Block acquired all issued Afterpay shares through a scheme of arrangement completed on January 31, 2022. Afterpay is a wholly owned Block subsidiary.

What was Afterpay's last standalone annual revenue?

Afterpay reported ~$596 million (A$924.6 million) of total income for FY2021 and a statutory loss after tax of ~$103 million (A$159.4 million). Block does not disclose a comparable standalone annual revenue series after acquisition.

What is Clearpay?

Clearpay is the name used by Afterpay in the United Kingdom. Afterpay acquired 90% of ClearPay Finance Limited in 2018 and launched the service there in 2019.

Who leads Afterpay after the Block acquisition?

Block has not disclosed a current standalone Afterpay CEO. Jack Dorsey leads parent company Block; Nick Molnar moved to a Block-wide sales role, and Anthony Eisen is CEO and Chairman of Reshop and a Block director.

How does Afterpay make money?

Before acquisition, Afterpay earned most income from merchant fees and also received capped customer late fees. Block now reports Afterpay within consolidated results.

How many people worked at Afterpay?

The FY2021 annual report said Afterpay's global team had more than 1,300 people. A comparable current standalone employee count is not publicly disclosed by Block.

How is Afterpay regulated in Australia?

From June 10, 2025, Australian BNPL contracts are regulated credit contracts. Providers must meet credit-licensing, complaints-membership, and applicable responsible-lending requirements.

Where is Afterpay from?

Afterpay was founded in Sydney, Australia in 2014 by Nick Molnar and Anthony Eisen.

Strategic Face-Off

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Content is for informational purposes only. Not financial advice. Data sourced from SEC filings, annual reports, and public records. See our full disclaimer and methodology.