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Affirm Holdings, Inc. AFRM Q3 2025 earnings

Reported May 8, 2025 · After market close

Revenue$783.1MIn lineDiluted EPS$0.01Beat by $0.02
Revenue estimate$783.0M
EPS estimate-$0.01

Next report

Aug 27, 2026 (in 2 months)
Revenue estimate$1.1B
EPS estimate$0.34

Financials

Q3 2025

Income statement

See full
Revenue$783.1M+35.9%
Operating income-$8.4M+94.8%
Net income$2.8M+102%
EPS (diluted)$0.01+102%

Balance sheet

See full
Cash & equivalents$1.7B+7.2%
Total debt$7.9B+18,140%
Total equity$2.9B+9.6%
Total assets$10.4B+13.4%

Cash flow

See full
Operating cash flow$210.4M+1.1%
CapEx$53.0M+14.1%
Free cash flow$157.4M-2.7%

Valuation & ratios

Valuation

as of 03/31/25
See full
Market cap$14.47B+26.5%
Enterprise value$20.59B+109%
P/S4.8×-0.6×

Profitability

See full
Operating margin-7.3%-3.2pp
Net margin-2.1%-1.0pp
FCF margin20.2%—

Returns & leverage

See full
Return on equity-2.3%-1.1pp
Debt / equity2.7×+2.7×

Segments

By product

See full
Merchant network revenue$214.0M+34.3%
Card network revenue$58.6M+64.2%

Versus estimates

Revenue

Q3 2026$1.0BBeat by $43.5MQ2 2026$1.1BBeat by $67.2MQ1 2026$933.3MBeat by $50.2MQ4 2025$876.4MBeat by $39.4M
Q3 2025$783.1MIn line
Q2 2025$866.4MBeat by $59.2M

Diluted EPS

Q3 2026$0.30Beat by $0.13Q2 2026$0.37Beat by $0.09Q1 2026$0.23Beat by $0.12Q4 2025$0.20Beat by $0.08
Q3 2025$0.01Beat by $0.02
Q2 2025$0.23Beat by $0.44

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Questions, answered.

When did Affirm Holdings, Inc. report Q3 2025 earnings?
Affirm Holdings, Inc. (AFRM) reported Q3 2025 earnings on May 8, 2025 after market close.
What were Affirm Holdings, Inc.'s Q3 2025 revenue and EPS?
Affirm Holdings, Inc. reported revenue of $783.1M and diluted EPS of $0.01 for Q3 2025.
Did Affirm Holdings, Inc. beat estimates in Q3 2025?
Revenue beat the consensus estimate of $783.0M by $161.5K. EPS beat the consensus estimate of $-0.01 by $0.02.
How did Affirm Holdings, Inc.'s Q3 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 35.9% from $576.2M a year earlier.
Where can I find Affirm Holdings, Inc.'s Q3 2025 SEC filings?
You can read the 10-Q periodic report (0001820953-25-000052) directly on SEC EDGAR. The filing index links above go to sec.gov.