Affirm is demonstrating a clear inflection toward profitability, with operating income scaling to $265.3M in Q4 2026 as revenue growth decelerated to 24.3% and SG&A discipline held costs near $240M per quarter. The core investment thesis hinges on the sustaina...
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Revenue growth has decelerated from over 50% to 24.3% as the hyper-growth phase matures, but operating margin has swung dramatically to 24.3% in Q4 2026, indicating significant operating leverage as SG&A expenses were held flat near $240M per quarter.
Affirm offers buy now, pay later services without late fees or hidden interest, providing transparency and consistent payments.
Affirm is a leader in the Buy Now, Pay Later space, with rapid growth and strong underwriting capabilities.
The company is expanding its presence beyond online retail into offline markets, broadening its customer base.
Trailing total returns as of 9/23/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q3 2026Latest Aug 27, 2026 | $4.62+1230.3% vs $0.35 | $1.2B+5.3% vs $1.1B |
Q2 2026 May 7, 2026 | $0.30+76.1% vs $0.17 | $1.0B+4.4% vs $995M |
Q1 2026 Feb 5, 2026 | $0.37+32.1% vs $0.28 | $1.1B+6.4% vs $1.1B |
Q4 2025 Nov 6, 2025 | $0.23+105.2% vs $0.11 | $933M+5.7% vs $883M |
Affirm Holdings (AFRM) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Watch more: Monday Conversation With Affirm's Libor Michalek Picture someone who had a bad year. A few bills went unpaid, and their credit score took the hit.
SoFi got its bank charter in 2022, and it was one of the first fintechs to get one. It has been transformative for the bank, allowing it to take deposits and fund its loans more effectively.
AFRM's new AI model uses 14 years of data to expand credit approvals, boost completed purchases and improve early loan performance.
Benchmark AFRM against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Affirm Holdings, Inc. (AFRM)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $71.77 | $23.91B | 478.47 | 38.8% | 1.62% | 1.8% | — | |
| $110.00 | $3.7B | 29.57 | 69.51% | 30.35% | 85.55% | — | |
| $3.14 | $371.53M | -87.96 | 557.55% | -5.95% | -7.04% | — | |
| $25.97 | $2.49B | 57.71 | 62.84% | 5.22% | 7.85% | — | |
| $19.21 | $2.22B | 16.70 | 26.92% | 15.85% | 12.92% | — | |
| $17.16 | $22.01B | 44.00 | 38.32% | 11.4% | 6.18% | — |
Affirm Holdings, Inc. (AFRM) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
Affirm Holdings, Inc. (AFRM) SEC filings — annual & quarterly reports (10-K, 10-Q)
Aug 27, 2026·SEC
May 7, 2026·SEC
Feb 5, 2026·SEC
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Affirm Holdings, Inc. (AFRM) stock FAQ — growth, dividends, profitability & financials explained
Affirm Holdings, Inc. (AFRM) reported $3.41B in revenue for fiscal year 2025. This represents a 1191% increase from $264.4M in 2019.
Affirm Holdings, Inc. (AFRM) grew revenue by 38.8% over the past year. This is strong growth.
Yes, Affirm Holdings, Inc. (AFRM) is profitable, generating $1.93B in net income for fiscal year 2025 (1.6% net margin).
Affirm Holdings, Inc. (AFRM) has a return on equity (ROE) of 1.8%. This is below average, suggesting room for improvement.
Affirm Holdings, Inc. (AFRM) generated $993.1M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
