Affirm Holdings, Inc. (AFRM)

Affirm Holdings Income Statement

Financials in millions USD. Fiscal year is July - June.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2025	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021
Operating Revenue	1,616	1,119	902.77	821.41	544.05
Other Revenue	1,608	1,204	685.22	527.88	326.42
Revenue	3,224	2,323	1,588	1,349	870.46
Revenue Growth (YoY)	38.80%	46.29%	17.69%	55.01%	70.84%
Cost of Revenue	1,742	1,329	912.48	686.86	438.86
Gross Profit	1,482	994.47	675.5	662.43	431.61
Selling, General & Admin	979.9	1,100	1,222	1,110	554.4
Research & Development	589.72	501.86	615.82	418.64	249.34
Operating Expenses	1,570	1,602	1,837	1,528	803.73
Operating Income	-87.46	-607.33	-1,162	-866.05	-372.12
Interest Expense	-7.14	-3.4	-3.9	-2.4	-
Other Non Operating Income (Expenses)	75.47	105.17	125.68	143.62	-59.7
EBT Excluding Unusual Items	-19.14	-505.55	-1,040	-724.83	-431.83
Merger & Restructuring Charges	0.18	-6.77	-37.67	-	-
Impairment of Goodwill	-	-1	-	-	-
Gain (Loss) on Sale of Investments	-2	-14.1	-	-	-
Asset Writedown	-	-0.75	-1.24	-	-11.54
Other Unusual Items	82.42	12.65	89.84	-	-
Pretax Income	61.47	-515.53	-989.25	-724.83	-443.37
Income Tax Expense	9.28	2.23	-3.9	-17.41	-2.34
Net Income	52.19	-517.76	-985.35	-707.42	-441.03
Net Income to Common	52.19	-517.76	-985.35	-707.42	-441.03
Shares Outstanding (Basic)	323	310	295	282	158
Shares Outstanding (Diluted)	341	310	295	282	159
Shares Change (YoY)	10.06%	4.91%	4.84%	76.90%	232.75%
EPS (Basic)	0.16	-1.67	-3.34	-2.51	-2.78
EPS (Diluted)	0.15	-1.67	-3.34	-2.51	-2.94
Free Cash Flow	601.72	290.84	-108.59	-248.48	-213.38
Free Cash Flow Per Share	1.76	0.94	-0.37	-0.88	-1.34
Gross Margin	45.97%	42.81%	42.54%	49.09%	49.58%
Operating Margin	-2.71%	-26.14%	-73.17%	-64.19%	-42.75%
Profit Margin	1.62%	-22.29%	-62.05%	-52.43%	-50.67%
Free Cash Flow Margin	18.66%	12.52%	-6.84%	-18.42%	-24.51%
EBITDA	185.01	-365.21	-941.79	-716.59	-283.04
EBITDA Margin	5.74%	-15.72%	-59.31%	-53.11%	-32.52%
D&A For EBITDA	272.47	242.11	220.16	149.46	89.08
EBIT	-87.46	-607.33	-1,162	-866.05	-372.12
EBIT Margin	-2.71%	-26.14%	-73.17%	-64.19%	-42.75%
Effective Tax Rate	15.10%	-	-	-	-
Revenue as Reported	3,224	2,323	1,588	1,349	870.46
Advertising Expenses	30.8	19.2	22.6	74	48.1

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q