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Affirm Holdings, Inc. AFRM Card network revenue — Revenue

Other product segments

Merchant network revenue
$268.03M+25.3%

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Other financials

Income statement

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Revenue$1.0B+32.6%
Operating income$88.4M+1,154%
Net income$102.9M+3,570%
EPS (diluted)$0.30+2,900%

Balance sheet

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Cash & equivalents$2.5B+42.5%
Total debt$9.3B+18.8%
Total equity$3.8B+31.6%
Total assets$13.1B+25.9%

Cash flow

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Operating cash flow$386.5M+83.7%
CapEx$61.4M+15.8%
Free cash flow$325.1M+107%

Valuation

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Market cap$27.31B+31.2%
Enterprise value$34.17B+77.2%
P/E71.4×-327×
P/S6.9×+0.4×

Profitability

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Operating margin-7.3%-3.2pp
Net margin9.6%+8.2pp
FCF margin19.8%-0.4pp

Returns & leverage

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Return on equity11.5%+9.9pp
Debt / equity2.5×-0.3×

Where this comes from

Reported directly by Affirm Holdings, Inc. in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The official record: Affirm Holdings, Inc.’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Affirm Holdings, Inc.'s card network revenue — revenue?
Affirm Holdings, Inc. (AFRM) reported card network revenue — revenue of $66.47M in Q1 2026.
How has Affirm Holdings, Inc.'s card network revenue — revenue changed year-over-year?
Affirm Holdings, Inc.'s card network revenue — revenue increased by 13.5% year-over-year, from $58.57M to $66.47M.
What is the long-term trend for Affirm Holdings, Inc.'s card network revenue — revenue?
Over 3 years (2022 to 2025), Affirm Holdings, Inc.'s card network revenue — revenue has grown at a 31.9% compound annual growth rate (CAGR), from $100.7M to $231.31M.
What does card network revenue — revenue mean?
This metric represents the total revenue generated from virtual card network services, which allow consumers to use Affirm's payment solutions at merchants that do not have a direct integration with the platform. It reflects the company's ability to expand its reach beyond its core merchant network by leveraging existing card payment infrastructure. This revenue stream is a key indicator of the scalability and adoption of the company's flexible payment products in broader retail environments.