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Affirm Holdings, Inc. AFRM Q4 2025 Annual earnings

Reported August 28, 2025 · After market close

Revenue$876.4MBeat by $39.4MDiluted EPS$0.20Beat by $0.08
Revenue estimate$837.0M
EPS estimate$0.12

Next report

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

Financials

Q4 2025

Income statement

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Revenue$876.4M+33.0%
Net income$69.2M+253%
EPS (diluted)$0.20+243%

Balance sheet

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Cash & equivalents$1.8B+35.6%
Total debt$31.9M-19.1%
Total equity$3.1B+12.3%
Total assets$11.2B+17.2%

Cash flow

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Operating cash flow$74.6M+8.5%
CapEx$51.1M+33.6%
Free cash flow$23.5M-22.9%

Valuation & ratios

Valuation

as of 06/30/25
See full
Market cap$21.18B+127%
Enterprise value$19.46B+141%
P/E405.9×—
P/S6.6×+2.5×

Profitability

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Net margin1.6%+0.8pp
FCF margin18.7%+6.1pp

Returns & leverage

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Return on equity1.8%+0.9pp
Debt / equity0×0.0×

Segments

By product

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Merchant network revenue$239.5M+32.3%
Card network revenue$67.1M+56.2%

Versus estimates

Revenue

Q3 2026$1.0BBeat by $43.5MQ2 2026$1.1BBeat by $67.2MQ1 2026$933.3MBeat by $50.2M
Q4 2025$876.4MBeat by $39.4M
Q3 2025$783.1MIn lineQ2 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 $0.12
Q4 2025$0.20Beat by $0.08
Q3 2025$0.01Beat by $0.02Q2 2025$0.23Beat by $0.44

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Questions, answered.

When did Affirm Holdings, Inc. report Q4 2025 earnings?
Affirm Holdings, Inc. (AFRM) reported Q4 2025 earnings on August 28, 2025 after market close.
What were Affirm Holdings, Inc.'s Q4 2025 revenue and EPS?
Affirm Holdings, Inc. reported revenue of $876.4M and diluted EPS of $0.20 for Q4 2025.
Did Affirm Holdings, Inc. beat estimates in Q4 2025?
Revenue beat the consensus estimate of $837.0M by $39.4M. EPS beat the consensus estimate of $0.12 by $0.08.
How did Affirm Holdings, Inc.'s Q4 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 33.0% from $659.2M a year earlier.
Where can I find Affirm Holdings, Inc.'s Q4 2025 SEC filings?
You can read the 10-K periodic report (0001820953-25-000080) directly on SEC EDGAR. The filing index links above go to sec.gov.