Affirm (AFRM) Stock Insights
AFRM$73.32+0.64 +0.88%
$21.88B
Market Cap
12.73
P/E
36.75
Forward P/E
59
Score
Affirm (AFRM) Stock Insights
AFRM price $73.32 +0.64 +0.88%
- Ticker
- AFRM
- Price
- $73.32
- Change
- +0.64 +0.88%
- Market cap ?
- $21.88B
- P/E ?
- 12.73
- Forward P/E ?
- 36.75
- Dividend yield ?
- 0.00%
- Beta ?
- 3.82
- Sector
- Financial Services
- Industry
- Financial - Credit Services
- Stocklytics score
- 59
- Value
- 46
- Quality
- 61
- Growth
- 71
Stocklytics score rationale: value 46, quality 61, growth 71.
Financials
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| 264367000 | 509528000 | 870464000 | 1349292000 | 1587985000 | 2322999000 | 3224412000 | 3949217000 |
Affirm Holdings, Inc. provides a digital and mobile-first commerce platform that operates across the United States and Canada. This platform offers consumers a point-of-sale financing solution, delivers various tools for merchants, and includes a dedicated mobile application for users. Leveraging its payment network and partnerships with originating banks, the company enables customers to spread the cost of their…
Fair value
AFRM fair value $53.24. Price $73.32. Price is 38% above fair value.
Below fair value, and cheaper than usual. A larger discount than on 91% of days in the past 5 years.
Fair value is an estimate of what one share is worth if future cash flows arrive as modeled. It is not a forecast of the share price. How discounted cash flow works.
Calculated with a 10-year free-cash-flow discount. Starting free cash flow 628.40M. Growth 20.00%. When analyst earnings forecasts are available, free cash flow in those years is forecast earnings times the company's usual conversion of earnings into free cash flow, kept between 60% and 130%. Years with fewer than 3 analyst estimates are left out. Growth then fades in a straight line to terminal growth by year 10, starting from the last well-covered year's growth, or from the pace across those years when the final year slows sharply, kept between 0% and 20%. Without those forecasts, year-1 growth is analyst revenue growth for the next full fiscal year, or 5-year historical revenue growth when that forecast is missing, held for five years, then fading in a straight line to terminal growth by year 10. Terminal growth 3.00%. Discount rate 12.00% (beta 2.0). Beta is kept between 0.8 and 2.0, which on its own would make the discount rate 8.7% to 15.3%. The rate is then capped at 12%. A cap is used because a discount above 12% pushes higher-beta stocks further from the price. The discount rate stays at least 5 percentage points above terminal growth. Shares 298.48M. Net debt 7.39B. The earnings value is next-12-months earnings per share, or trailing earnings when that forecast is missing, times the median P/E of the company's industry. That median uses listed stocks worth at least $10 billion with a positive P/E of 100 or below, and the industry needs at least eight of them. Otherwise the sector median is used when that group also has at least eight, then the market median of those large companies. The multiple used is the lower of that median and 1.25 times the stock's own 10-year median P/E, then kept between 8 and 30. If the stock has no 10-year median, the peer median is kept between 8 and 30. Fair value is the average of the cash-flow value and the earnings value when both exist. Card and credit companies use the earnings value only, because changes in customer receivables distort free cash flow. Model uncertainty is high when fair value is more than 60% from the price, or when most of the cash-flow value sits after year 10.
Earnings
| Date | EPS actual | EPS estimate | Revenue | Revenue estimate |
|---|---|---|---|---|
| 2026-11-05 | — | 0.38 | — | 1.21B |
| 2026-08-27 | 4.62 | 0.35 | 1.17B | 1.11B |
| 2026-05-07 | 0.30 | 0.17 | 1.04B | 995.27M |
| 2026-02-05 | 0.37 | 0.28 | 1.12B | 1.06B |
| 2025-11-06 | 0.23 | 0.11 | 933.34M | 883.16M |
| 2025-08-28 | 0.20 | 0.12 | 876.42M | 837.04M |
| 2025-05-08 | 0.01 | -0.01 | 783.13M | 782.97M |
| 2025-02-06 | 0.23 | -0.21 | 866.38M | 807.16M |
| 2024-11-07 | -0.31 | -0.34 | 698.48M | 664.01M |
| 2024-08-28 | -0.14 | -0.48 | 659.18M | 603.67M |
| 2024-05-08 | -0.43 | -0.70 | 576.16M | 549.99M |
| 2024-02-08 | -0.54 | -0.72 | 591.11M | 520.85M |
| 2023-11-08 | -0.57 | -0.70 | 496.55M | 444.26M |
| 2023-08-24 | -0.69 | -0.86 | 445.82M | 406.26M |
| 2023-05-09 | -0.69 | -0.91 | 380.98M | 406.34M |
| 2023-02-08 | -1.10 | -1.01 | 399.56M | 416.47M |
| 2022-11-08 | -0.86 | -0.82 | 361.62M | 359.89M |
| 2022-08-25 | -0.65 | -0.45 | 364.13M | 354.64M |
| 2022-05-12 | -0.19 | -0.45 | 354.76M | 343.94M |
| 2022-02-10 | -0.57 | -0.44 | 361.01M | 329.14M |
| 2021-11-10 | -0.40 | -0.30 | 269.38M | 269.38M |
| 2021-09-09 | -0.48 | -0.27 | 261.78M | — |
| 2021-05-10 | -0.72 | -0.29 | 230.66M | 343.61M |
| 2021-02-11 | -0.45 | -0.94 | 204.04M | 265.25M |
| 2021-01-14 | -0.06 | — | 173.98M | — |
| 2020-06-30 | 0.17 | — | 153.33M | — |
| 2020-03-31 | -0.41 | — | 138.27M | — |
| 2019-12-31 | -0.15 | — | 129.98M | — |
| 2019-09-30 | -0.15 | — | 87.95M | — |
Dividends
Yield 0.00%. Payout ratio 0.00%. Frequency —.
Safety score 37/100 · Watch. Payout ratio is 0% of earnings. Free-cash-flow coverage is not available, so this part stays neutral. No dividend history was found. There is no dividend yield.
| Ex-date | Dividend | Record | Payment | Frequency |
|---|---|---|---|---|
| No data yet. | ||||
Insider trades
| Date | Insider | Action | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-10-09 | O'Hare Robert | Buy | 5.64K | $57.59 | 324.58K |
| 2026-10-09 | O'Hare Robert | Buy | 8.99K | $44.06 | 396.14K |
| 2026-10-09 | O'Hare Robert | Buy | 21.84K | $23.35 | 509.87K |
| 2026-10-09 | O'Hare Robert | Buy | 10.24K | $22.30 | 228.33K |
| 2026-10-09 | O'Hare Robert | Sell | 21.84K | $23.35 | 509.87K |
| 2026-10-09 | O'Hare Robert | Sell | 8.99K | $44.06 | 396.14K |
| 2026-10-09 | O'Hare Robert | Buy | 1.87K | $41.80 | 78.00K |
| 2026-10-09 | O'Hare Robert | Buy | 17.02K | $17.19 | 292.63K |
| 2026-10-09 | O'Hare Robert | Sell | 5.64K | $57.59 | 324.58K |
| 2026-10-09 | O'Hare Robert | Sell | 65.59K | $80.02 | 5.25M |
| 2026-10-09 | O'Hare Robert | Sell | 17.02K | $17.19 | 292.63K |
| 2026-10-09 | O'Hare Robert | Sell | 1.87K | $41.80 | 78.00K |
| 2026-10-09 | O'Hare Robert | Sell | 10.24K | $22.30 | 228.33K |
| 2026-09-16 | Adkins Katherine | Buy | 30.15K | — | — |
| 2026-09-16 | Michalek Libor | Buy | 67.01K | — | — |
| 2026-09-16 | Linford Michael | Buy | 67.01K | — | — |
| 2026-09-16 | O'Hare Robert | Buy | 46.90K | — | — |
| 2026-09-14 | Jiyane Siphelele | Sell | 26.98K | $72.19 | 1.95M |
| 2026-09-04 | Jiyane Siphelele | Sell | 25.00K | $72.41 | 1.81M |
| 2026-09-03 | Adkins Katherine | Buy | 37.26K | $23.35 | 870.02K |
| 2026-09-03 | Adkins Katherine | Buy | 4.40K | $22.30 | 98.21K |
| 2026-09-03 | Adkins Katherine | Sell | 41.66K | $75.53 | 3.15M |
| 2026-09-03 | Adkins Katherine | Sell | 37.26K | $23.35 | 870.02K |
| 2026-09-03 | Adkins Katherine | Sell | 4.40K | $22.30 | 98.21K |
| 2026-09-02 | O'Hare Robert | Sell | 5.89K | $74.02 | 435.68K |
| 2026-09-01 | Adkins Katherine | Buy | 41.66K | $22.30 | 929.11K |
| 2026-09-01 | Adkins Katherine | Sell | 23.77K | $70.13 | 1.67M |
| 2026-09-01 | Adkins Katherine | Buy | 10.59K | — | — |
| 2026-09-01 | Adkins Katherine | Sell | 15.60K | $71.00 | 1.11M |
| 2026-09-01 | Adkins Katherine | Sell | 2.30K | $71.87 | 165.30K |
| 2026-09-01 | Adkins Katherine | Sell | 4.79K | $69.94 | 335.36K |
| 2026-09-01 | Adkins Katherine | Sell | 5.09K | — | — |
| 2026-09-01 | Adkins Katherine | Sell | 2.48K | — | — |
| 2026-09-01 | Adkins Katherine | Sell | 1.62K | — | — |
| 2026-09-01 | Adkins Katherine | Sell | 41.66K | $22.30 | 929.11K |
| 2026-09-01 | Adkins Katherine | Sell | 1.40K | — | — |
| 2026-09-01 | O'Hare Robert | Buy | 11.99K | — | — |
| 2026-09-01 | O'Hare Robert | Sell | 6.10K | $69.94 | 426.70K |
| 2026-09-01 | O'Hare Robert | Sell | 2.78K | — | — |
| 2026-09-01 | O'Hare Robert | Sell | 5.02K | — | — |
| 2026-09-01 | O'Hare Robert | Sell | 2.13K | — | — |
| 2026-09-01 | O'Hare Robert | Sell | 1.36K | — | — |
| 2026-09-01 | O'Hare Robert | Sell | 15.54K | $71.59 | 1.11M |
| 2026-09-01 | O'Hare Robert | Sell | 200 | $72.51 | 14.50K |
| 2026-09-01 | O'Hare Robert | Sell | 702 | — | — |
| 2026-09-01 | Michalek Libor | Buy | 11.36K | — | — |
| 2026-09-01 | Michalek Libor | Sell | 5.78K | $69.94 | 404.53K |
| 2026-09-01 | Michalek Libor | Sell | 5.32K | — | — |
| 2026-09-01 | Michalek Libor | Sell | 3.71K | — | — |
| 2026-09-01 | Michalek Libor | Sell | 2.34K | — | — |
| 2026-09-01 | Linford Michael | Buy | 11.72K | — | — |
| 2026-09-01 | Linford Michael | Sell | 4.66K | $69.94 | 326.06K |
| 2026-09-01 | Linford Michael | Sell | 5.67K | — | — |
| 2026-09-01 | Linford Michael | Sell | 3.71K | — | — |
| 2026-09-01 | Linford Michael | Sell | 2.34K | — | — |
| 2026-09-01 | Jiyane Siphelele | Buy | 9.04K | — | — |
| 2026-09-01 | Jiyane Siphelele | Sell | 3.56K | $69.94 | 248.85K |
| 2026-09-01 | Jiyane Siphelele | Sell | 1.12K | — | — |
| 2026-09-01 | Jiyane Siphelele | Sell | 2.50K | — | — |
| 2026-09-01 | Jiyane Siphelele | Sell | 3.33K | — | — |
| 2026-09-01 | Jiyane Siphelele | Sell | 2.08K | — | — |
| 2026-08-28 | Linford Michael | Sell | 79.22K | $5.39 | 426.99K |
| 2026-08-28 | Linford Michael | Buy | 79.22K | $5.39 | 426.99K |
| 2026-08-28 | Linford Michael | Sell | 79.22K | $90.01 | 7.13M |
| 2026-08-12 | Watson Noel Bertram | Sell | 2.00K | $77.86 | 155.72K |
| 2026-08-01 | Adkins Katherine | Buy | 1.40K | — | — |
| 2026-08-01 | Adkins Katherine | Sell | 634 | $71.51 | 45.34K |
| 2026-08-01 | Adkins Katherine | Sell | 1.40K | — | — |
| 2026-08-01 | Michalek Libor | Buy | 2.33K | — | — |
| 2026-08-01 | Michalek Libor | Sell | 1.19K | $71.51 | 85.03K |
| 2026-08-01 | Michalek Libor | Sell | 2.33K | — | — |
| 2026-08-01 | Linford Michael | Buy | 2.33K | — | — |
| 2026-08-01 | Linford Michael | Sell | 970 | $71.51 | 69.36K |
| 2026-08-01 | Linford Michael | Sell | 2.33K | — | — |
| 2026-07-01 | Reses Jacqueline D | Buy | 655 | — | — |
| 2026-07-01 | GALANTI RICHARD A | Buy | 655 | — | — |
| 2026-07-01 | Liew Jeremy | Buy | 655 | — | — |
| 2026-07-01 | Michalek Libor | Buy | 2.34K | — | — |
| 2026-07-01 | Michalek Libor | Sell | 1.19K | $83.85 | 99.70K |
| 2026-07-01 | Michalek Libor | Sell | 2.34K | — | — |
| 2026-07-01 | Quarles Christa S | Buy | 655 | — | — |
| 2026-07-01 | Schneider Ryan M. | Buy | 3.10K | — | — |
| 2026-07-01 | Schneider Ryan M. | Buy | 655 | — | — |
| 2026-07-01 | Linford Michael | Buy | 2.34K | — | — |
| 2026-07-01 | Linford Michael | Sell | 972 | $83.85 | 81.50K |
| 2026-07-01 | Linford Michael | Sell | 2.34K | — | — |
| 2026-07-01 | Adkins Katherine | Buy | 1.40K | — | — |
| 2026-07-01 | Adkins Katherine | Sell | 635 | $83.85 | 53.24K |
| 2026-07-01 | Adkins Katherine | Sell | 1.40K | — | — |
| 2026-07-01 | Schneider Ryan M. | Other | 0 | — | — |
| 2026-06-26 | Linford Michael | Sell | 100.00K | $5.39 | 539.00K |
| 2026-06-26 | Linford Michael | Buy | 100.00K | $5.39 | 539.00K |
| 2026-06-26 | Linford Michael | Sell | 100.00K | $80.04 | 8.00M |
| 2026-05-13 | Watson Noel Bertram | Sell | 2.00K | $65.00 | 130.00K |
| 2026-05-01 | Michalek Libor | Buy | 2.34K | — | — |
| 2026-05-01 | Michalek Libor | Sell | 1.09K | $67.54 | 73.55K |
| 2026-05-01 | Michalek Libor | Sell | 2.34K | — | — |
| 2026-05-01 | Adkins Katherine | Buy | 1.40K | — | — |
| 2026-05-01 | Adkins Katherine | Sell | 634 | $67.54 | 42.82K |
| 2026-05-01 | Adkins Katherine | Sell | 1.40K | — | — |
Institutional holders
Latest filed quarter: Q2 2026.
Institutions holding: 727, holders +70 vs prior quarter. Ownership 77.68%.
| Holder | Shares | Change | Change % | Value |
|---|---|---|---|---|
| CAPITAL RESEARCH GLOBAL INVESTORS | 26.00M | 1.41M | +5.73% | 2.12B |
| CAPITAL WORLD INVESTORS | 23.12M | 602.21K | +2.67% | 1.89B |
| MORGAN STANLEY | 23.00M | 1.28M | +5.91% | 1.88B |
| BLACKROCK, INC. | 19.61M | 881.04K | +4.70% | 1.60B |
| FMR LLC | 17.58M | 287.27K | +1.66% | 1.43B |
| JPMORGAN CHASE & CO | 16.72M | 11.43M | +215.70% | 1.37B |
| VANGUARD CAPITAL MANAGEMENT LLC | 12.32M | 168.51K | +1.39% | 1.00B |
| VANGUARD PORTFOLIO MANAGEMENT LLC | 11.89M | 286.41K | +2.47% | 969.34M |
| STATE STREET CORP | 6.35M | 318.07K | +5.27% | 517.78M |
| BAILLIE GIFFORD & CO | 5.86M | 554.27K | +10.45% | 477.60M |
| GEODE CAPITAL MANAGEMENT, LLC | 5.71M | 189.72K | +3.44% | 464.66M |
| WINSLOW CAPITAL MANAGEMENT, LLC | 4.58M | 4.58M | New | 373.30M |
| DURABLE CAPITAL PARTNERS LP | 4.43M | -1.22M | -21.67% | 360.89M |
| NORGES BANK | 3.68M | 3.68M | New | 300.20M |
| BANK OF AMERICA CORP /DE/ | 2.84M | 65.96K | +2.38% | 231.62M |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | 2.66M | 1.62M | +155.40% | 216.63M |
| UBS GROUP AG | 2.51M | 209.00K | +9.08% | 204.79M |
| JANE STREET GROUP, LLC | 2.45M | 1.57M | +178.78% | 199.72M |
| D1 CAPITAL PARTNERS L.P. | 1.91M | -28.39K | -1.47% | 155.64M |
| VANGUARD FIDUCIARY TRUST CO | 1.88M | 62.22K | +3.43% | 152.93M |
| NORTHERN TRUST CORP | 1.81M | 52.05K | +2.95% | 147.97M |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | 1.75M | 707.99K | +68.07% | 142.56M |
| SEI INVESTMENTS CO | 1.71M | 1.71M | New | 139.08M |
| JANE STREET GROUP, LLC | 1.70M | 820.50K | +93.40% | 138.55M |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 1.66M | 188.38K | +12.83% | 135.13M |
Insights
- Revenue by product
- Revenue by region
| Period | Value |
|---|---|
| FY2021 | Merchant Network: 379551000.0, Virtual Card Network: 49851000.0 |
| FY2022 | Merchant Network: 458511000.0, Virtual Card Network: 100696000.0 |
| FY2023 | Merchant Network: 507600000.0, Virtual Card Network: 119338000.0 |
| FY2024 | Merchant Network: 674607000.0, Virtual Card Network: 151401000.0 |
| FY2025 | Merchant Network: 882658000.0, Virtual Card Network: 231308000.0 |
| FY2026 | Card network revenue: 293990000.0, Gain on sales of loans: 596553000.0, Interest income: 2047485000.0, Merchant network revenue: 1149932000.0, Servicing income: 173123000.0 |
| Period | Value |
|---|---|
| FY2021 | CANADA: 13242000.0, UNITED STATES: 857222000.0 |
| FY2022 | CANADA: 44852000.0, Other Geographical: 136000.0, UNITED STATES: 1304304000.0 |
| FY2023 | CANADA: 47423000.0, Other Geographical: 518000.0, UNITED STATES: 1540044000.0 |
| FY2024 | CANADA: 97394000.0, Other Geographical: 0.0, UNITED STATES: 2225605000.0 |
| FY2025 | CANADA: 119009000.0, Other Geographical: 282000.0, UNITED STATES: 3105121000.0 |
| FY2026 | CANADA: 142821000.0, Other Geographical: 6304000.0, UNITED STATES: 4111957000.0 |
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