The Motley Fool·15h ago
Affirm: 3 Key Takeaways for Long-Term InvestorsAffirm raised its full-year growth floor to 30%. A new transformer underwriting model doubled approval performance.
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.
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 11/8/2026, 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) |
|---|---|---|
Q4 2026Latest Nov 5, 2026 | $0.47+23.8% vs $0.38 | $1.3B+4.1% vs $1.2B |
Q3 2026 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 |
Affirm raised its full-year growth floor to 30%. A new transformer underwriting model doubled approval performance.
AFRM targets growth above 30% in fiscal 2027, banking on AI-driven underwriting, card expansion and new financing opportunities amid rising credit provisions.
Some Wall Street analysts say the credit anxieties have been overblown.
AFRM beats Q1 fiscal 2027 earnings estimates as GMV surges 34% and cardholders more than double, while rising credit loss provisions weigh on gains.
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 |
|---|---|---|---|---|---|---|---|
| $68.11 | $22.69B | 11.90 | 22.48% | 44.6% | 43.38% | — | |
| $149.43 | $5.02B | 28.44 | 69.51% | 31.76% | 83.26% | — | |
| $21.89 | $2.1B | 42.17 | 62.84% | 4.93% | 8.1% | — | |
| $15.96 | $1.84B | 8.91 | 14.97% | 15.88% | 13.62% | — | |
| $16.21 | $20.79B | 29.83 | 38.32% | 15.6% | 6.76% | — | |
| $59.24 | $52.26B | 10.75 | 4.19% | 13.94% | 23.76% | 0.23% |
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
Get notified when AFRM posts new earnings or crosses analyst targets
Free. No account needed. Unsubscribe any time.
Affirm Holdings, Inc. (AFRM) stock FAQ — growth, dividends, profitability & financials explained
Affirm Holdings, Inc. (AFRM) reported $4.51B in revenue over the trailing twelve months. Revenue was $3.95B in fiscal year 2026. That is 1394% more than the $264.4M of fiscal year 2019.
Affirm Holdings, Inc. (AFRM) grew revenue by 30.5% over the trailing twelve months, compared with the twelve months before.
Yes. Affirm Holdings, Inc. (AFRM) earned $2.01B in net income over the trailing twelve months (a 44.6% net margin).
Affirm Holdings, Inc. (AFRM) had a return on equity (ROE) of 43.4% over the trailing twelve months. That is well above the market's typical 10-15%.
Affirm Holdings, Inc. (AFRM) generated $817.5M in free cash flow over the trailing twelve months.
