Affirm Holdings, Inc. (AFRM)

Affirm Holdings Income Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2025	Jun 30, 2025	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021
Operating Revenue	1,774	1,616	1,119	902.77	821.41	544.05
Other Revenue	1,685	1,608	1,204	685.22	527.88	326.42
Revenue	3,459	3,224	2,323	1,588	1,349	870.46
Revenue Growth (YoY)	37.00%	38.80%	46.29%	17.69%	55.01%	70.84%
Cost of Revenue	1,807	1,742	1,329	912.48	686.86	438.86
Gross Profit	1,652	1,482	994.47	675.5	662.43	431.61
Selling, General & Admin	919.62	979.9	1,100	1,222	1,110	554.4
Research & Development	623.54	589.72	501.86	615.82	418.64	249.34
Operating Expenses	1,543	1,570	1,602	1,837	1,528	803.73
Operating Income	109.08	-87.46	-607.33	-1,162	-866.05	-372.12
Interest Expense	-9.09	-7.14	-3.4	-3.9	-2.4	-
Other Non Operating Income (Expenses)	77.59	75.47	97.68	125.68	143.62	-59.7
EBT Excluding Unusual Items	177.59	-19.14	-513.05	-1,040	-724.83	-431.83
Merger & Restructuring Charges	-0.07	0.18	-6.77	-37.67	-	-
Impairment of Goodwill	-	-	-1	-	-	-
Gain (Loss) on Sale of Investments	1	-2	-14.1	-	-	-
Asset Writedown	-	-	-0.75	-1.24	-	-11.54
Other Unusual Items	64.29	82.42	20.14	89.84	-	-
Pretax Income	242.81	61.47	-515.53	-989.25	-724.83	-443.37
Income Tax Expense	9.7	9.28	2.23	-3.9	-17.41	-2.34
Net Income	233.1	52.19	-517.76	-985.35	-707.42	-441.03
Net Income to Common	233.1	52.19	-517.76	-985.35	-707.42	-441.03
Shares Outstanding (Basic)	326	323	310	295	282	158
Shares Outstanding (Diluted)	349	341	310	295	282	159
Shares Change (YoY)	11.19%	10.06%	4.91%	4.84%	76.90%	232.75%
EPS (Basic)	0.72	0.16	-1.67	-3.34	-2.51	-2.78
EPS (Diluted)	0.67	0.15	-1.67	-3.34	-2.51	-2.94
Free Cash Flow	769.21	601.72	290.84	-108.59	-248.48	-213.38
Free Cash Flow Per Share	2.21	1.76	0.94	-0.37	-0.88	-1.34
Gross Margin	47.76%	45.97%	42.81%	42.54%	49.09%	49.58%
Operating Margin	3.15%	-2.71%	-26.14%	-73.17%	-64.19%	-42.75%
Profit Margin	6.74%	1.62%	-22.29%	-62.05%	-52.43%	-50.67%
Free Cash Flow Margin	22.24%	18.66%	12.52%	-6.84%	-18.42%	-24.51%
EBITDA	393.96	185.01	-365.21	-941.79	-716.59	-283.04
EBITDA Margin	11.39%	5.74%	-15.72%	-59.31%	-53.11%	-32.52%
D&A For EBITDA	284.88	272.47	242.11	220.16	149.46	89.08
EBIT	109.08	-87.46	-607.33	-1,162	-866.05	-372.12
EBIT Margin	3.15%	-2.71%	-26.14%	-73.17%	-64.19%	-42.75%
Effective Tax Rate	4.00%	15.10%	-	-	-	-
Revenue as Reported	3,459	3,224	2,323	1,588	1,349	870.46
Advertising Expenses	-	30.8	19.2	22.6	74	48.1

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

SEC Filings: 10-K · 10-Q