Merchant network revenue — Revenue
Affirm Holdings, Inc. Merchant network revenue — Revenue decreased by 18.4% to $268.03M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 25.3%, from $213.97M to $268.03M. Over 4 years (FY 2021 to FY 2025), Merchant network revenue — Revenue shows an upward trend with a 23.5% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase indicates higher merchant adoption and transaction volume processed through the platform, signaling strong growth in the merchant partner ecosystem. A decrease may suggest reduced merchant participation, lower transaction volumes, or increased competitive pressure on merchant fee structures.
Detailed definition
This metric represents the total revenue generated from fees charged to merchants for utilizing the company's point-of-s...
Peer comparison
Comparable to merchant discount rates or payment processing revenue reported by other fintech and point-of-sale financing providers, where revenue is tied to transaction volume and merchant take rates.
afrm_segment_merchant_network_revenue_revenueHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $88.66M | $92.24M | $127.09M | $121.05M | $118.13M | $113.15M | $134.02M | $119.01M | $141.42M | $145.95M | $188.36M | $159.29M | $181.01M | $184.34M | $244.90M | $213.97M | $239.45M | $251.15M | $328.38M | $268.03M |
| QoQ Change | — | +4.0% | +37.8% | -4.7% | -2.4% | -4.2% | +18.4% | -11.2% | +18.8% | +3.2% | +29.1% | -15.4% | +13.6% | +1.8% | +32.9% | -12.6% | +11.9% | +4.9% | +30.8% | -18.4% |
| YoY Change | — | — | — | — | +33.2% | +22.7% | +5.5% | -1.7% | +19.7% | +29.0% | +40.5% | +33.8% | +28.0% | +26.3% | +30.0% | +34.3% | +32.3% | +36.2% | +34.1% | +25.3% |
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Frequently Asked Questions
- What is Affirm Holdings, Inc.'s merchant network revenue — revenue?
- Affirm Holdings, Inc. (AFRM) reported merchant network revenue — revenue of $268.03M in Q1 2026.
- How has Affirm Holdings, Inc.'s merchant network revenue — revenue changed year-over-year?
- Affirm Holdings, Inc.'s merchant network revenue — revenue increased by 25.3% year-over-year, from $213.97M to $268.03M.
- What is the long-term trend for Affirm Holdings, Inc.'s merchant network revenue — revenue?
- Over 4 years (2021 to 2025), Affirm Holdings, Inc.'s merchant network revenue — revenue has grown at a 23.5% compound annual growth rate (CAGR), from $379.55M to $882.66M.
- What does merchant network revenue — revenue mean?
- Revenue earned from fees charged to merchants for using the company's payment and financing platform.