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Affirm Holdings, Inc. AFRM Allowance for credit losses

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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$26.28B+5.4%
Enterprise value$33.14B+42.8%
P/E68.7×-409×
P/S6.6×-1.1×

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:FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest.

The source filing: Affirm Holdings, Inc.’s 10-Q, filed May 7, 2026.

Filed
May 7, 2026, 5:04 PM EDT
Fiscal quarter
Q3 FY2026
Calendar quarter
Q1 2026
Accession
0001628280-26-032294
Line itemThree Months Ended March 31, 2026Three Months Ended March 31, 2025Nine Months Ended March 31, 2026Nine Months Ended March 31, 2025
Balance at beginning of period$478,103$363,831$396,929$309,097
Provision for loan losses192,229140,473556,808442,347
Charge-offs(179,693)(144,792)(496,152)(409,152)
Recoveries of charged-off receivables21,67515,47554,72932,695
Balance at end of period$512,314$374,987$512,314$374,987

Item 1. Financial Statements

FAQ

What is Affirm Holdings, Inc.'s allowance for credit losses?
Affirm Holdings, Inc. (AFRM) reported allowance for credit losses of $512.31M in Q1 2026.
How has Affirm Holdings, Inc.'s allowance for credit losses changed year-over-year?
Affirm Holdings, Inc.'s allowance for credit losses increased by 36.6% year-over-year, from $374.99M to $512.31M.
What is the long-term trend for Affirm Holdings, Inc.'s allowance for credit losses?
Over 4 years (2021 to 2025), Affirm Holdings, Inc.'s allowance for credit losses has grown at a 35.5% compound annual growth rate (CAGR), from $117.76M to $396.93M.
What does allowance for credit losses mean?
Reserve held against the loan portfolio for estimated future credit losses under the CECL methodology — a contra-asset reducing net loans.

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