Affirm Holdings, Inc. (AFRM) Income Statement
AFRM FY2026 at a glance
Fiscal year ended June 30, 2026 · U.S. dollarsAFRM revenue and net income
Where AFRM's revenue goes
FY2026Each bar shows an amount and its share of revenue. AFRM kept 48.9% of revenue as net income.
AFRM profit margins
AFRM growth rates
to FY2026| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +22.5% | +35.5% | +35.3% | — |
| Gross profit | +25.4% | +56.3% | +37.9% | — |
| Operating income | — | — | — | — |
| Net income | +3,597.9% | — | — | — |
| EPS (diluted) | +257.1% | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
AFRM quarterly EPS vs estimates
Affirm beat the analyst EPS estimate in 4 of the last 8 quarters. Next report: November 5, 2026 (estimate $0.35).
AFRM income statement
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.95B | $3.22B | $2.32B | $1.59B | $1.35B | $870.5M | $509.5M | $264.4M |
| Cost of revenue | $1.22B | $1.05B | $845.1M | $873.2M | $576.5M | $322.9M | $172.2M | $108.7M |
| Gross profit | $2.73B | $2.18B | $1.48B | $714.8M | $772.8M | $547.5M | $337.3M | $155.6M |
| Research & development | — | — | $501.9M | $615.8M | $418.6M | $249.3M | $113.0M | $70.8M |
| Sales, general & admin | $920.8M | $979.9M | $1.10B | $1.22B | $1.11B | $565.9M | $146.3M | $105.8M |
| Total operating expenses | $1.86B | $2.26B | $2.09B | $1.92B | $1.64B | $931.2M | $445.1M | $257.2M |
| Operating income | $870.9M | −$87.3M | −$615.8M | −$1.20B | −$866.0M | −$383.7M | −$107.8M | −$101.5M |
| Interest income | — | — | — | — | — | $242.1M | $163.4M | $103.7M |
| Interest expense | $453.6M | $425.5M | $344.3M | $183.0M | $69.7M | $52.7M | $32.3M | $25.9M |
| Income before taxes | $492.7M | $61.5M | −$515.5M | −$989.2M | −$724.8M | −$443.4M | −$112.2M | −$120.4M |
| Income taxes | −$1.44B | $9.3M | $2.2M | −$3.9M | −$17.4M | −$2.3M | $376,000 | $36,000 |
| Net income | $1.93B | $52.2M | −$517.8M | −$985.3M | −$707.4M | −$441.0M | −$112.6M | −$120.5M |
| EBITDA | $1.25B | $712.0M | −$2.2M | −$671.6M | −$602.4M | −$370.7M | −$70.5M | −$89.3M |
| EPS (diluted) | $6.57 | $1.84 | −$1.65 | −$3.20 | −$2.54 | −$1.74 | −$0.63 | −$0.64 |
| Gross margin | 69.1% | 67.5% | 63.6% | 45.0% | 57.3% | 62.9% | 66.2% | 58.9% |
| Operating margin | 22.1% | −2.7% | −26.5% | −75.6% | −64.2% | −44.1% | −21.2% | −38.4% |
| Net margin | 48.9% | 1.6% | −22.3% | −62.1% | −52.4% | −50.7% | −22.1% | −45.6% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.09B | $1.04B | $1.12B | $933.3M | $876.4M | $783.1M | $866.4M | $698.5M | $659.2M | $576.2M | $591.1M | $496.5M |
| Cost of revenue | $333.6M | $353.9M | $343.5M | $301.9M | $282.9M | $271.0M | $264.2M | $229.4M | $213.4M | $213.0M | $210.0M | $208.6M |
| Gross profit | $756.1M | $684.9M | $779.6M | $631.4M | $593.5M | $512.1M | $602.2M | $469.0M | $445.8M | $363.1M | $381.1M | $287.9M |
| Research & development | — | — | — | $168.1M | $154.6M | $152.6M | — | $134.3M | $124.2M | $124.8M | $119.8M | $133.0M |
| Sales, general & admin | $239.2M | $218.2M | $240.0M | $223.4M | $212.4M | $208.3M | $275.4M | $283.7M | $258.8M | $261.7M | $294.0M | $287.2M |
| Total operating expenses | $490.8M | $482.7M | $661.9M | $567.8M | $535.4M | $520.5M | $606.5M | $601.7M | $519.2M | $523.9M | $553.2M | $497.4M |
| Operating income | $265.3M | $202.2M | $117.6M | $63.7M | $58.1M | −$8.4M | −$4.3M | −$132.6M | −$73.5M | −$160.8M | −$172.2M | −$209.4M |
| Interest expense | $118.6M | $113.8M | $111.7M | $110.0M | $105.9M | $107.6M | $107.8M | $104.1M | $95.3M | $90.4M | $84.6M | $73.9M |
| Income before taxes | $169.1M | $107.4M | $133.2M | $83.0M | $71.6M | $5.3M | $82.9M | −$98.3M | −$44.1M | −$133.0M | −$167.6M | −$170.7M |
| Income taxes | −$1.45B | $4.5M | $3.7M | $2.3M | $2.3M | $2.5M | $2.5M | $1.9M | $997,000 | $890,000 | −$700,000 | $1.0M |
| Net income | $1.62B | $102.9M | $129.6M | $80.7M | $69.2M | $2.8M | $80.4M | −$100.2M | −$45.1M | −$133.9M | −$166.9M | −$171.8M |
| EBITDA | $375.0M | $296.2M | $320.5M | $258.4M | $241.5M | $172.4M | $245.5M | $52.5M | $116.5M | −$5.6M | −$56.5M | −$56.7M |
| EPS (diluted) | $4.62 | $0.62 | $0.72 | $0.61 | $0.53 | $0.19 | $0.76 | $0.36 | −$0.14 | −$0.41 | −$0.54 | −$0.56 |
| Gross margin | 69.4% | 65.9% | 69.4% | 67.7% | 67.7% | 65.4% | 69.5% | 67.2% | 67.6% | 63.0% | 64.5% | 58.0% |
| Operating margin | 24.3% | 19.5% | 10.5% | 6.8% | 6.6% | −1.1% | −0.5% | −19.0% | −11.1% | −27.9% | −29.1% | −42.2% |
| Net margin | 148.4% | 9.9% | 11.5% | 8.6% | 7.9% | 0.4% | 9.3% | −14.3% | −6.8% | −23.2% | −28.2% | −34.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in AFRM's financial statements (latest annual report filed August 27, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
AFRM financial results
In fiscal year 2026 (ended June 30, 2026), Affirm reported revenue of $3.9 billion, up 22.5% from the year before. It had net income of $1.9 billion (up 3,597.9%), a net profit margin of 48.9%. Diluted earnings per share came to $6.57. Over five years revenue grew at an average rate of 35.3% a year.
See the AFRM stock overview for the latest quote and news, or the AFRM chart for price history and technical indicators.
AFRM income statement FAQ
What is Affirm's annual revenue?
Affirm reported total revenue of $3.9 billion for fiscal year 2026, which ended on June 30, 2026. That was up 22.5% from $3.2 billion the previous year.
Is Affirm profitable?
Yes. Affirm reported net income of $1.9 billion in fiscal 2026, a net profit margin of 48.9%; its operating margin was 22.1%.
What is Affirm's gross margin?
Affirm's gross margin was 69.1% in fiscal 2026: for every $100 of revenue, Affirm kept $69 after the direct cost of its products and services.
How fast is Affirm growing?
Revenue grew 35.3% a year on average over the last five fiscal years, from $870.5 million to $3.9 billion.
What are Affirm's earnings per share?
Affirm earned $6.57 per diluted share in fiscal 2026, compared with $1.84 a year earlier.
When will Affirm report its next earnings?
Affirm is expected to report results for the quarter ending September 30, 2026 on November 5, 2026 after the market closes.
When does Affirm's fiscal year end?
Affirm's fiscal year ends in June. The latest annual report covers the year ended June 30, 2026 and was filed on August 27, 2026.