Affirm Holdings, Inc. (AFRM) income statement
NASDAQ · Financial Services · Financial - Credit Services · 2,358 employees · CEO Max Rafailovych Levchin
- Price
- $73.47 -1.83%
- Market cap
- $21.9B
- Enterprise value
- $29.3B
- Last report
- Q4 '26 filed 2026-08-27
- Next report
- 2026-11-05
Affirm Holdings, Inc. (AFRM) reported revenue of $1.09B for Q4 '26 (+24.3% year on year), operating income of $265M (24.3% of revenue) and net income of $1.62B. Over the last four quarters revenue was $4.18B.
Income statement
| Income statement | Trend | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | Q4 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $497M | $591M | $576M | $659M | $698M | $866M | $783M | $876M | $933M | $1.12B | $1.04B | $1.09B | |
| Cost of revenue | $209M | $210M | $213M | $213M | $229M | $264M | $271M | $283M | $302M | $343M | $354M | $334M | |
| Gross profit | $288M | $381M | $363M | $446M | $469M | $602M | $512M | $593M | $631M | $780M | $685M | $756M | |
| Sales & marketing | $147M | $161M | $133M | $135M | $145M | $136M | $74M | $79.6M | $78.5M | $98.8M | $72.9M | $92.4M | |
| General & administrative | $140M | $133M | $129M | $123M | $138M | $139M | $134M | $133M | $145M | $141M | $145M | $147M | |
| Other operating expenses | $210M | $259M | $262M | $260M | $318M | $331M | $312M | $323M | $344M | $422M | $265M | $252M | |
| Operating expenses | $497M | $553M | $524M | $519M | $602M | $607M | $521M | $535M | $568M | $662M | $483M | $491M | |
| Operating income | -$209M | -$172M | -$161M | -$73.5M | -$133M | -$4.32M | -$8.39M | $58.1M | $63.7M | $118M | $202M | $265M | |
| Interest income | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $567M | |
| Interest expense | $73.9M | $84.6M | $90.4M | $95.3M | $104M | $108M | $108M | $106M | $110M | $112M | $114M | $119M | |
| Other non-operating income (gains on investments, FX ...) | -$113M | -$89.2M | -$118M | -$125M | -$138M | -$195M | -$121M | -$119M | -$129M | -$127M | -$18.9M | -$22.4M | |
| Total non-operating income | $38.7M | $4.55M | $27.7M | $29.3M | $34.3M | $87.2M | $13.7M | $13.5M | $19.4M | $15.6M | -$94.8M | -$96.2M | |
| Income before tax | -$171M | -$168M | -$133M | -$44.1M | -$98.3M | $82.9M | $5.35M | $71.6M | $83M | $133M | $107M | $169M | |
| Income tax | $1.04M | -$700K | $890K | $997K | $1.9M | $2.5M | $2.54M | $2.34M | $2.33M | $3.65M | $4.48M | -$1.45B | |
| Net income | -$172M | -$167M | -$134M | -$45.1M | -$100M | $80.4M | $2.8M | $69.2M | $80.7M | $130M | $103M | $1.62B | |
| EPS (basic) | -$0.57 | -$0.54 | -$0.43 | -$0.14 | -$0.31 | $0.25 | $0.01 | $0.21 | $0.24 | $0.39 | $0.31 | $4.77 | |
| EPS (diluted) | -$0.57 | -$0.54 | -$0.43 | -$0.14 | -$0.31 | $0.23 | $0.01 | $0.20 | $0.23 | $0.37 | $0.30 | $4.62 | |
| Shares (basic, weighted) | 304M | 308M | 313M | 315M | 318M | 322M | 324M | 327M | 330M | 334M | 337M | 339M | |
| Shares (diluted, weighted) | 304M | 308M | 313M | 315M | 318M | 345M | 344M | 343M | 348M | 349M | 348M | 350M | |
| Depreciation & amortization | $40.1M | $26.5M | $37M | $65.4M | $46.7M | $54.9M | $59.5M | $64M | $65.3M | $75.6M | $75.1M | $87.3M | |
| EBITDA | -$56.7M | -$56.5M | -$5.59M | $117M | $52.5M | $246M | $172M | $241M | $258M | $321M | $296M | $375M |
| Income statement | Trend | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $264M | $510M | $870M | $1.35B | $1.59B | $2.32B | $3.22B | $3.95B | |
| Cost of revenue | $109M | $172M | $323M | $576M | $873M | $845M | $1.05B | $1.22B | |
| Gross profit | $156M | $337M | $548M | $773M | $715M | $1.48B | $2.18B | $2.73B | |
| Research & development | $70.8M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Sales & marketing | $16.9M | $25M | $182M | $532M | $638M | $576M | $435M | $343M | |
| General & administrative | $88.9M | $121M | $384M | $577M | $586M | $525M | $545M | $578M | |
| Other operating expenses | $151M | $299M | $365M | $529M | $691M | $992M | $1.28B | $937M | |
| Operating expenses | $257M | $445M | $931M | $1.64B | $1.92B | $2.09B | $2.26B | $1.86B | |
| Operating income | -$102M | -$108M | -$384M | -$866M | -$1.2B | -$616M | -$87.3M | $871M | |
| Interest income | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2.05B | |
| Interest expense | $25.9M | $32.3M | $52.7M | $69.7M | $183M | $344M | $425M | $454M | |
| Other non-operating income (gains on investments, FX ...) | -$32.9M | -$27.9M | $7M | -$211M | -$395M | -$445M | -$574M | -$75.5M | |
| Total non-operating income | $7.02M | -$4.43M | -$59.7M | $141M | $212M | $100M | $149M | -$378M | |
| Income before tax | -$120M | -$112M | -$443M | -$725M | -$989M | -$516M | $61.5M | $493M | |
| Income tax | $36K | $376K | -$2.34M | -$17.4M | -$3.9M | $2.23M | $9.28M | -$1.44B | |
| Net income | -$120M | -$113M | -$441M | -$707M | -$985M | -$518M | $52.2M | $1.93B | |
| EPS (basic) | -$0.47 | -$0.44 | -$1.64 | -$2.51 | -$3.34 | -$1.67 | $0.16 | $5.76 | |
| EPS (diluted) | -$0.47 | -$0.44 | -$1.64 | -$2.51 | -$3.34 | -$1.67 | $0.15 | $5.53 | |
| Shares (basic, weighted) | 257M | 257M | 269M | 282M | 295M | 310M | 323M | 335M | |
| Shares (diluted, weighted) | 257M | 257M | 269M | 282M | 295M | 310M | 341M | 349M | |
| Depreciation & amortization | $5.27M | $9.44M | $20M | $52.7M | $135M | $169M | $225M | $303M | |
| EBITDA | -$89.3M | -$70.5M | -$371M | -$602M | -$672M | -$2.23M | $712M | $1.25B |
Standardised from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Revenue, operating income and growth
quarterlyMargins
quarterlyCosts as % of revenue
quarterlyThe other statements
Sources
Statements, segment revenue, metrics and estimates are standardised from the company's filings. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-K 2026-06-30, 10-Q 2026-03-31, 10-Q 2025-12-31, 10-Q 2025-09-30, 10-K 2025-06-30, 10-Q 2025-03-31, 10-Q 2024-12-31, 10-Q 2024-09-30, 10-K 2024-06-30
Data as of 2026-11-02