Affirm Holdings, Inc. Card network revenue — Revenue decreased by 9.0% to $66.47M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 13.5%, from $58.57M to $66.47M. Over 4 years (FY 2021 to FY 2025), Card network revenue — Revenue shows an upward trend with a 46.8% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
An increase indicates growing consumer adoption of virtual card products and expanded utility of the payment platform across non-integrated merchants, while a decrease may signal reduced transaction volume or competitive pressure in the card-based payment space.
This metric represents the total revenue generated from virtual card network services, which allow consumers to use Affi...
Comparable to interchange-based revenue or virtual card processing fees reported by other fintech and buy-now-pay-later providers.
afrm_segment_card_network_revenue_revenue| 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 | $19.26M | $19.40M | $26.56M | $23.17M | $31.57M | $26.71M | $29.12M | $29.47M | $34.04M | $33.48M | $39.27M | $35.68M | $42.98M | $47.48M | $58.14M | $58.57M | $67.11M | $69.33M | $73.04M | $66.47M |
| QoQ Change | — | +0.7% | +36.9% | -12.8% | +36.3% | -15.4% | +9.0% | +1.2% | +15.5% | -1.7% | +17.3% | -9.1% | +20.5% | +10.5% | +22.5% | +0.7% | +14.6% | +3.3% | +5.3% | -9.0% |
| YoY Change | — | — | — | — | +63.9% | +37.7% | +9.6% | +27.2% | +7.8% | +25.3% | +34.9% | +21.1% | +26.2% | +41.8% | +48.1% | +64.2% | +56.2% | +46.0% | +25.6% | +13.5% |