AFRM
Affirm Holdings, Inc.
Quarterly revenue, EPS, free cash flow, valuation, and Rule of 40 scores for Affirm Holdings, Inc..
Coverage
Affirm Q2 FY2026 Earnings Preview: The BNPL Turnaround Story Wall Street Is Still Underpricing
Analysts expect $0.28 EPS but keep missing Affirm's turnaround — last two quarters beat by 80-130%. Holiday quarter could surprise again.
Morgan Stanley Upgrades Affirm to Overweight
Upgraded from equal weight to overweight with $76 PT, citing compelling entry point amid growth and credit concerns.
Affirm Faces Sell Recommendation
High 30%+ interest rates and risky lending lead to sell amid political scrutiny.
Affirm Stock Rating Upgraded by Morgan Stanley
Upgrade to overweight with $76 PT; beat Q1 estimates but high valuation noted.
Affirm Down 10.4% After Exclusive QuickBooks Integration Deal
Partnership strengthens distribution; high-touch BNPL to profitable infrastructure shift.
Earnings release dates
| Quarter | End date | Publication date | Release |
|---|---|---|---|
| 2026 Q2 | 2026-06-30 | 2026-08-28 | Details → |
| 2026 Q1 | 2026-03-31 | 2026-05-07 | Details → |
| 2025 Q4 | 2025-12-31 | 2026-02-05 | Details → |
| 2025 Q3 | 2025-09-30 | 2025-11-06 | Details → |
| 2025 Q2 | 2025-06-30 | 2025-08-07 | Details → |
| 2025 Q1 | 2025-03-31 | 2025-05-08 | Details → |
| 2024 Q4 | 2024-12-31 | 2025-02-06 | Details → |
| 2024 Q3 | 2024-09-30 | 2024-11-07 | Details → |
| 2024 Q2 | 2024-06-30 | 2024-08-08 | Details → |
Company History
Founded by Max Levchin, Nathan Gettings, Jeffrey Kaditz, and Alex Rampell as part of startup studio HVF.
Max Levchin took over as CEO of Affirm.
Announced buy now, pay later service for additional e-commerce platforms including Kibo Commerce, BigCommerce, AspDotNetStorefront, and Zen Cart.
Announced partnership with Walmart to offer service at self-checkout kiosks in stores and on the Walmart website.
Announced partnership with Amazon to make BNPL service available for certain customers.
Listed on Nasdaq under symbol AFRM, raising about $1.2 billion in its IPO.
Acquired Returnly for US$300 million.
Laid off 19% of workforce as part of restructuring plan and shut down crypto unit.
Expanded services to the United Kingdom with installment loans.
Reported $3.22 billion in revenue and processed $36.7 billion in GMV for fiscal year ended June 30, 2025.
