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Affirm Holdings, Inc. AFRM Merchant network revenue — Revenue

Other product segments

Card network revenue
$66.47M+13.5%

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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 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 3 years (2022 to 2025), Affirm Holdings, Inc.'s merchant network revenue — revenue has grown at a 24.4% compound annual growth rate (CAGR), from $458.51M to $882.66M.
What does merchant network revenue — revenue mean?
This metric represents the total revenue generated from fees charged to merchants for utilizing the company's point-of-sale payment solutions and commerce platform. It reflects the value the company provides to retailers by facilitating consumer financing options that drive conversion rates and average order values. This revenue stream is a core component of the company's business model, capturing the transaction-based fees earned from merchant partners.