Stocktoria

Affirm Holdings, Inc. AFRM

Nasdaq · stock · Personal Credit Institutions · website · IPO 2021-01-13

Affirm Holdings, Inc. statistics & valuation

Market cap$26.6B
P / E510.1×
P / S8.3×
P / B8.7×
P / FCF44.2×
Net margin1.6%
Return on equity1.7%
FCF margin18.7%
Net debt$6.3B
Net debt / EBITDA45.4×
Enterprise value USD$32.9B
Earnings yield EBIT/EV-0.3%
Graham number -92.5%$5.51

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($5.51); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
-22.10% -50.70% -52.40% -62.10% -22.30% 1.60% 202020212022202320242025
Gross margin (%)
202020212022202320242025
Operating margin (%)
-21.20% -44.10% -64.20% -75.60% -26.50% -2.70% 202020212022202320242025
Return on equity (%)
-17.10% -27.00% -38.90% -19.00% 1.70% 202020212022202320242025
Shares outstanding
47.9M 159.2M 281.7M 295.3M 309.9M 341.0M 202020212022202320242025
Net debt ($)
$823.8M $6.26B 202020212022202320242025
Share buybacks ($)
202020212022202320242025
Return on assets (%)
-8.00% -9.10% -10.10% -12.10% -5.40% 0.50% 202020212022202320242025
Free cash flow margin (%)
-18.10% -24.50% -18.40% -6.80% 12.50% 18.70% 202020212022202320242025
Debt / equity (×)
0.67× 2.48× 202020212022202320242025
EPS ($)
-$2.63 -$2.94 -$2.51 -$3.34 -$1.67 $0.15 202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020
Operating margin-2.7%-26.5%-75.6%-64.2%-44.1%-21.2%
Net margin1.6%-22.3%-62.1%-52.4%-50.7%-22.1%
FCF margin18.7%12.5%-6.8%-18.4%-24.5%-18.1%
Return on assets0.5%-5.4%-12.1%-10.1%-9.1%-8.0%
Return on equity1.7%-19.0%-38.9%-27.0%-17.1%30.7%
Debt / equity2.48×0.67×————

Computed from company filings · US · as of 2025-06-30. Facts plus Stocktoria's own computed scores — not investment advice.