(AFRM) Affirm Holdings - Overview

Sector: Financial Services | Industry: Credit Services | Exchange: NASDAQ (USA) | Market Cap: 15.426m USD | Total Return: 10.6% in 12m

Payment Network, Consumer Loans, Merchant Services, Digital App
Total Rating 37
Safety 85
Buy Signal -0.88
Credit Services
Industry Rotation: -2.4
Market Cap: 15.4B
Avg Turnover: 214M USD
ATR: 6.11%
Peers RS (IBD): 35.4
Risk 5d forecast
Volatility74.8%
Rel. Tail Risk-9.51%
Reward TTM
Sharpe Ratio0.71
Alpha-45.83
Character TTM
Beta2.244
Beta Downside4.290
Drawdowns 3y
Max DD55.85%
CAGR/Max DD1.14
EPS (Earnings per Share) EPS (Earnings per Share) of AFRM over the last years for every Quarter: "2021-03": -1.06, "2021-06": -0.48, "2021-09": -1.13, "2021-12": -0.57, "2022-03": -0.19, "2022-06": -0.65, "2022-09": -0.86, "2022-12": -1.1, "2023-03": -0.69, "2023-06": -0.69, "2023-09": -0.57, "2023-12": -0.54, "2024-03": -0.43, "2024-06": -0.14, "2024-09": -0.31, "2024-12": 0.233, "2025-03": 0.01, "2025-06": 0.5267, "2025-09": 0.23, "2025-12": 0.37, "2026-03": 0,
EPS CAGR: 24.95%
EPS Trend: 89.6%
Last SUE: -0.95
Qual. Beats: 0
Revenue Revenue of AFRM over the last years for every Quarter: 2021-03: 230.665, 2021-06: 261.78, 2021-09: 269.385, 2021-12: 361.011, 2022-03: 354.762, 2022-06: 364.134, 2022-09: 361.624, 2022-12: 399.558, 2023-03: 380.978, 2023-06: 445.825, 2023-09: 496.547, 2023-12: 591.11, 2024-03: 576.157, 2024-06: 659.185, 2024-09: 698.479, 2024-12: 866.381, 2025-03: 783.134, 2025-06: 876.417, 2025-09: 933.337, 2025-12: 1123.02, 2026-03: null,
Rev. CAGR: 35.97%
Rev. Trend: 98.5%
Last SUE: 0.74
Qual. Beats: 0

Warnings

Volatile

Tailwinds

No distinct edge detected

Description: AFRM Affirm Holdings

Affirm Holdings, Inc. (AFRM) operates a payment network across the US, Canada, and other international markets.

The company provides a point-of-sale payment solution allowing consumers to finance purchases over time. This business model, known as Buy Now, Pay Later (BNPL), has gained significant traction in e-commerce and retail by offering installment payment options at checkout.

Affirms platform supports diverse merchants, from small businesses to large enterprises, across various sectors including sporting goods, home goods, and electronics. The BNPL sector continues to expand, driven by consumer demand for flexible payment methods.

For more detailed insights, consider exploring AFRMs financial health and market position on ValueRay.

Headlines to Watch Out For
  • Consumer spending on discretionary goods impacts loan volume
  • Interest rate hikes increase funding costs for loans
  • Regulatory scrutiny on Buy Now, Pay Later intensifies
  • Merchant adoption of Affirms payment platform expands
  • Loan default rates rise with economic downturn
Piotroski VR‑10 (Strict) 3.0
Net Income: 282.3m TTM > 0 and > 6% of Revenue
FCF/TA: 0.05 > 0.02 and ΔFCF/TA -1.07 > 1.0
NWC/Revenue: 304.0% < 20% (prev 320.0%; Δ -15.94% < -1%)
CFO/TA 0.06 > 3% & CFO 833.3m > Net Income 282.3m
Net Debt (7.65b) to EBITDA (992.9m): 7.71 < 3
Current Ratio: 66.90 > 1.5 & < 3
Outstanding Shares: last quarter (349.4m) vs 12m ago 1.21% < -2%
Gross Margin: 67.72% > 18% (prev 0.67%; Δ 6.71k% > 0.5%)
Asset Turnover: 31.71% > 50% (prev 26.72%; Δ 4.99% > 0%)
Interest Coverage Ratio: 1.67 > 6 (EBITDA TTM 992.9m / Interest Expense TTM 435.3m)
Altman Z'' 5.10
A: 0.87 (Total Current Assets 11.47b - Total Current Liabilities 171.4m) / Total Assets 12.96b
B: -0.22 (Retained Earnings -2.85b / Total Assets 12.96b)
C: 0.06 (EBIT TTM 728.5m / Avg Total Assets 11.72b)
D: -0.30 (Book Value of Equity -2.86b / Total Liabilities 9.41b)
Altman-Z'' Score: 5.10 = AAA
Beneish M -2.99
DSRI: 0.97 (Receivables 8.56b/6.65b, Revenue 3.72b/2.80b)
GMI: 0.99 (GM 67.72% / 67.14%)
AQI: 0.79 (AQ_t 0.06 / AQ_t-1 0.08)
SGI: 1.33 (Revenue 3.72b / 2.80b)
TATA: -0.04 (NI 282.3m - CFO 833.3m) / TA 12.96b)
Beneish M-Score: -2.99 (Cap -4..+1) = A
What is the price of AFRM shares? As of April 10, 2026, the stock is trading at USD 49.01 with a total of 3,045,188 shares traded.
Over the past week, the price has changed by +5.83%, over one month by -3.54%, over three months by -40.09% and over the past year by +10.63%.
Is AFRM a buy, sell or hold? Affirm Holdings has received a consensus analysts rating of 4.17. Therefore, it is recommended to buy AFRM.
  • StrongBuy: 11
  • Buy: 6
  • Hold: 7
  • Sell: 0
  • StrongSell: 0
What are the forecasts/targets for the AFRM price?
Analysts Target Price 79.7 62.6%
Affirm Holdings (AFRM) - Fundamental Data Overview as of 06 April 2026
P/E Trailing = 57.1728
P/E Forward = 27.1003
P/S = 4.1514
P/B = 4.3493
P/EG = 0.2052
Revenue TTM = 3.72b USD
EBIT TTM = 728.5m USD
EBITDA TTM = 992.9m USD
Long Term Debt = 9.14b USD (from longTermDebt, last quarter)
Short Term Debt = 8.13m USD (from shortTermDebt, last quarter)
Debt = 9.18b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 7.65b USD (from netDebt column, last quarter)
Enterprise Value = 22.36b USD (15.43b + Debt 9.18b - CCE 2.25b)
Interest Coverage Ratio = 1.67 (Ebit TTM 728.5m / Interest Expense TTM 435.3m)
EV/FCF = 36.11x (Enterprise Value 22.36b / FCF TTM 619.1m)
FCF Yield = 2.77% (FCF TTM 619.1m / Enterprise Value 22.36b)
FCF Margin = 16.66% (FCF TTM 619.1m / Revenue TTM 3.72b)
Net Margin = 7.60% (Net Income TTM 282.3m / Revenue TTM 3.72b)
Gross Margin = 67.72% ((Revenue TTM 3.72b - Cost of Revenue TTM 1.20b) / Revenue TTM)
Gross Margin QoQ = 69.42% (prev 67.65%)
Tobins Q-Ratio = 1.73 (Enterprise Value 22.36b / Total Assets 12.96b)
Interest Expense / Debt = 1.22% (Interest Expense 111.7m / Debt 9.18b)
Taxrate = 2.74% (3.65m / 133.2m)
NOPAT = 708.5m (EBIT 728.5m * (1 - 2.74%))
Current Ratio = 66.90 (Total Current Assets 11.47b / Total Current Liabilities 171.4m)
Debt / Equity = 2.59 (Debt 9.18b / totalStockholderEquity, last quarter 3.55b)
Debt / EBITDA = 7.71 (Net Debt 7.65b / EBITDA 992.9m)
Debt / FCF = 12.36 (Net Debt 7.65b / FCF TTM 619.1m)
Total Stockholder Equity = 3.20b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.41% (Net Income 282.3m / Total Assets 12.96b)
RoE = 8.83% (Net Income TTM 282.3m / Total Stockholder Equity 3.20b)
RoCE = 5.90% (EBIT 728.5m / Capital Employed (Equity 3.20b + L.T.Debt 9.14b))
RoIC = 6.30% (NOPAT 708.5m / Invested Capital 11.25b)
WACC = 9.14% (E(15.43b)/V(24.61b) * Re(13.88%) + D(9.18b)/V(24.61b) * Rd(1.22%) * (1-Tc(0.03)))
Discount Rate = 13.88% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 6.58%
[DCF] Terminal Value 68.78% ; FCFF base≈616.7m ; Y1≈462.2m ; Y5≈275.4m
 [DCF] Fair Price = N/A (negative equity: EV 4.33b - Net Debt 7.65b = -3.32b; debt exceeds intrinsic value)
 EPS Correlation: 89.56 | EPS CAGR: 24.95% | SUE: -0.95 | # QB: 0
Revenue Correlation: 98.47 | Revenue CAGR: 35.97% | SUE: 0.74 | # QB: 0
EPS current Year (2026-06-30): EPS=3.14 | Chg7d=+0.000 | Chg30d=+0.016 | Revisions Net=+1 | Growth EPS=+80.0% | Growth Revenue=+28.4%
EPS next Year (2027-06-30): EPS=3.82 | Chg7d=+0.000 | Chg30d=+0.025 | Revisions Net=+1 | Growth EPS=+21.3% | Growth Revenue=+24.3%
[Analyst] Revisions Ratio: +1.00 (1 Up / 0 Down within 30d for Current Year)
[Growth] Implied Growth Rate = 12.1% (Discount Rate 13.9% - Earnings Yield 1.7%)
[Growth] Growth Spread = +12.1% (Analyst 24.3% - Implied 12.1%)
External Resources
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