Stocks · Financial Services · Financial - Credit Services
Affirm Holdings, Inc. AFRM
$70.77 +0.48% Close, Oct 2, 2026 · NASDAQ · Market cap $23.70B
Strong growthHigh risk
Next earnings report: Nov 5, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- Diluted EPS over the last four quarters was $5.52, up 4209.1% year over year.
- Operating margin widened to 15.5% from -2.7% a year earlier.
- Earnings beat analyst estimates in each of the last 14 quarters (average surprise over the last four: +100.0%).
PromtFinance scores
Each score is a percentile within the Financial Services sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Top 14%
- EPS growth (TTM, YoY)Top 1%
- FCF growth (TTM, YoY)Top 26%
- Revenue growth, 3-year CAGRTop 12%
- Revenue growth accelerationBottom 34%
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalTop 11%
- Gross marginTop 42%
- Operating marginBottom 35%
- Cash conversion (OCF / net income)Bottom 27%
- Accruals (lower is better)Bottom 8%
- Net debt / EBITDA (lower is better)Bottom 21%
- Interest coverTop 38%
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldTop 39%
- Free-cash-flow yieldBottom 33%
- EBITDA / enterprise valueBottom 35%
- Sales / enterprise valueBottom 16%
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthBottom 28%
- 6-month returnTop 3%
- 1-year return vs S&P 500Bottom 28%
- Distance from 52-week highBottom 22%
- Trend checklist (0–4)Top 27%
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersTop 2%
- Consecutive EPS beatsTop 2%
- Share of analysts rating BuyTop 18%
- Upside to consensus price targetTop 17%
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Bottom 10%
- Maximum drawdown, 3 yearsBottom 14%
- Beta vs S&P 500 (lower is better)Bottom 2%
- Net debt / EBITDA (lower is better)Bottom 21%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | 32.1% | 29.8% | ↓ |
| Gross margin | 67.5% | 68.1% | ↑ |
| Operating margin | -2.7% | 15.5% | ↑ |
| FCF margin | 18.7% | 23.7% | ↑ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | 29.8% | 32.1% | ↓ | Top 14% |
| EPS growth (TTM, YoY) | 4209.1% | — | Top 1% | |
| Gross margin | 68.1% | 67.5% | ↑ | Top 42% |
| Operating margin | 15.5% | -2.7% | ↑ | Bottom 35% |
| Net margin | 46.1% | 1.6% | ↑ | — |
| Free-cash-flow margin | 23.7% | 18.7% | ↑ | — |
| Return on invested capital | 11.6% | — | Top 11% | |
| Revenue growth, 3-year CAGR | 35.5% | — | Top 12% |
Quality of earnings and balance sheet
- Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
- 0.64×
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- 4.4%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 3.9%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- -125.8 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- 5.91×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- 1.4×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 0.00%
- Net buyback yield (TTM)
- 0.24%
- Shareholder yield
- 0.24%
- Share count change, 1 year
- +2.1%
- Share count change, 3-year CAGR
- +5.3%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 30, 2026 (filed Aug 27, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 14
- Beats in the last 8 reports
- 8 of 8
- Average EPS surprise, last 4
- +100.0%
- Average 2-day reaction, last 8
- -0.5%
- Positive 20 days after report
- 4 of 8
Analysts
- Consensus price target
- $96.42
- Target vs current price
- +36.2%
- Analysts with a rating
- 38
- Share rating Buy or Strong Buy
- 74%
- Consensus rating
- Buy
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Aug 27, 2026 | +1230.3% | +1.3% | -3.1% | -6.4% | — |
| May 7, 2026 | +76.1% | +2.7% | -3.1% | +4.8% | +15.3% |
| Feb 5, 2026 | +32.1% | -4.4% | -9.0% | -15.5% | +8.7% |
| Nov 6, 2025 | +105.2% | -7.8% | +10.4% | -4.0% | -13.8% |
| Aug 28, 2025 | +61.9% | +3.1% | +15.6% | +0.5% | -19.4% |
| May 8, 2025 | +258.2% | +5.3% | +9.7% | +8.1% | +45.1% |
| Feb 6, 2025 | +209.5% | -1.7% | +20.5% | -16.2% | -16.7% |
| Nov 7, 2024 | +8.8% | -2.4% | +9.6% | +36.7% | +25.6% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Aug 27, 2026 | $4.62 | $0.35 | +1230.3% | $1.17B |
| May 7, 2026 | $0.30 | $0.17 | +76.1% | $1.04B |
| Feb 5, 2026 | $0.37 | $0.28 | +32.1% | $1.12B |
| Nov 6, 2025 | $0.23 | $0.11 | +105.2% | $933.3M |
| Aug 28, 2025 | $0.20 | $0.12 | +61.9% | $876.4M |
| May 8, 2025 | $0.01 | -$0.01 | +258.2% | $783.1M |
| Feb 6, 2025 | $0.23 | -$0.21 | +209.5% | $866.4M |
| Nov 7, 2024 | -$0.31 | -$0.34 | +8.8% | $698.5M |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (trailing) | 12.8× | — | — | Top 39% |
| P/E (forward) | 35.6× | — | — | — |
| EV / EBITDA | 24.9× | — | — | Bottom 35% |
| EV / Sales | 7.43× | — | — | Bottom 16% |
| Free-cash-flow yield | 4.19% | — | — | Bottom 33% |
| Earnings yield | 7.80% | — | — | Top 39% |
P/E over the past five years
Range 14.0× – 98.7× since Sep 30, 2025. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
Technical state
Trend checklist
- ✓ Price above 20-day average
- ✗ Price above 50-day average
- ✓ Price above 200-day average
- ✓ 50-day average above 200-day
- ✓ MACD histogram positive
Trend quality
- Days above the 50-day average
- 0
- Days above the 200-day average
- 77
- 50-day average slope (20 days)
- -5.0%
- 200-day average slope (20 days)
- +0.4%
- Distance from 50-day average
- -3.5%
- Distance from 200-day average
- +6.0%
- RSI (14)
- 48.2
- Relative volume
- 0.61×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 49.9%
- Volatility vs own 5-year history
- 1th percentile · Low for this stock
- Beta vs S&P 500 (2 years, weekly)
- 2.64
- Correlation with S&P 500
- 0.58
- Current drawdown from 1-year high
- -17.5%
- Maximum drawdown, 3 years
- -55.9%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Nov 4, 2021 | Dec 27, 2022 | -94.7% | 287 days | Not yet recovered |
| Feb 11, 2021 | May 13, 2021 | -65.5% | 63 days | 103 days (Oct 8, 2021) |
| Jan 22, 2021 | Jan 28, 2021 | -17.1% | 4 days | 7 days (Feb 8, 2021) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $23.70B
- P/E (TTM)
- 12.8
- EPS, diluted (TTM)
- $5.52
- Revenue (TTM)
- $4.18B
- 52-week range
- $42.10 – $90.44
| FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|
| Revenue | $1.35B | $1.59B | $2.32B | $3.22B | $3.95B |
| Gross profit | $772.8M | $714.8M | $1.48B | $2.18B | $2.73B |
| Operating income | -$866.0M | -$1.20B | -$615.8M | -$87.3M | $870.9M |
| Net income | -$707.4M | -$985.3M | -$517.8M | $52.2M | $1.93B |
| EPS (diluted) | -$2.51 | -$3.34 | -$1.67 | $0.15 | $5.53 |
| Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | Q4 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $698.5M | $866.4M | $783.1M | $876.4M | $933.3M | $1.12B | $1.04B | $1.09B |
| Net income | -$100.2M | $80.4M | $2.8M | $69.2M | $80.7M | $129.6M | $102.9M | $1.62B |
| EPS (diluted) | -$0.31 | $0.23 | $0.01 | $0.20 | $0.23 | $0.37 | $0.30 | $4.62 |
| FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|
| Operating cash flow | -$162.2M | $12.2M | $450.1M | $793.9M | $1.23B |
| Capital expenditure | -$111.7M | -$120.8M | -$159.3M | -$192.2M | -$238.3M |
| Free cash flow | -$273.9M | -$108.6M | $290.8M | $601.7M | $992.6M |
| Dividends paid | $0 | $0 | $0 | $0 | $0 |
| Net share buybacks | -$86,000 | -$109,000 | $0 | -$250.0M | $158.9M |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $2.60B
- Total assets
- $15.79B
- Total liabilities
- $10.31B
- Total debt
- $9.82B
- Net debt
- $7.39B
- Shareholders’ equity
- $5.48B
As of Jun 30, 2026 (filed Aug 27, 2026).
Short interest
- Shares sold short
- 16,282,063
- Days to cover
- 3.57
- Change vs previous report
- +3.9%
FINRA short interest, settlement date Sep 15, 2026.