Affirm Holdings Inc (AFRM)
NASDAQFinancialsFinancial - Credit ServicesSnapshot 2026-11-05
$69.66-7.84%
Close 2026-11-05 · 1-day change
NASDAQFinancialsFinancial - Credit ServicesSnapshot 2026-11-05
QuarterlyIQ Insights · AFRM
How strong the business is — where it ranks within its sector on capital efficiency and cash generation, and how well management has been executing.
How this business ranks within financials on a research-validated quality screen. As of 2026-11-05.
The screen ranks AFRM against its sector on four durable signals: share dilution, return on capital, free-cash-flow yield, and FCF margin. Historically the highest-quality names tended toward better typical outcomes and fewer bad years over multi-year holds (strongest at three years, modest at one), and that pattern showed up even before the price moved. It characterizes business quality, not price direction.
Each leg is a sector-relative percentile (higher is better); 4 of 4 legs were available for this name. The composite is built from these four; the raw value follows each percentile for context.
A forward quality tilt, not a price prediction, and context for your own research rather than a recommendation. Not investment advice.
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Operating income rose in 2 of the last 3 quarter-over-quarter moves. Historically, Financials names rated strong grew net income 66% of the time over the next year (vs 56% for the rest of the cohort, n=7714).
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
A guidance track record builds as the company issues and delivers on guidance.
Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.
Other achievements Gross Merchandise Volume (GMV) grew 34% to $14.4 billion, marking the twelfth consecutive quarter of GMV growth sustained above 30%.2 The mix of GMV derived from top five partners…
Stated in 2 of 2 supplied quarters. Management reported: “Other achievements Gross Merchandise Volume (GMV) grew 34% to $14.4 billion, marking the twelfth consecutive quarter of GMV growth sustained above 30%.2 The mix of GMV derived from top five partners declined to 40% compared to 44% during the same period in the prior year, as a result of the continued diversification of GMV across merchants and platform partners and the growth of our direct to consumer products such as Affirm Card, with Card alone accounting for 23% of GMV during the quarter.” “FQ1’27 Operating Highlights Direct-to-Consumer GMV (D2C GMV) grew 55% to $5.1 billion driven almost entirely by Affirm Card GMV, which grew 117% to $3.3 billion.”
“Other achievements Gross Merchandise Volume (GMV) grew 34% to $14.4 billion, marking the twelfth consecutive quarter of GMV growth sustained above 30%.2 The mix of GMV derived from top five partners…”
“Gross Merchandise Volume (GMV) grew 35% to $11.6 billion.3 Approximately 40% of growth came from direct merchant point-of-sale integrations, with the remainder split roughly evenly between the direct…”
Adjusted Operating Income as a percentage of Revenue, or Adjusted Operating Margin, was 30% during the period, compared to 28% during FQ1’26.
Stated in 2 of 2 supplied quarters. Management reported: “Adjusted Operating Income as a percentage of Revenue, or Adjusted Operating Margin, was 30% during the period, compared to 28% during FQ1’26.” “Operating Income as a percentage of revenue, or Operating Margin, was approximately 14.8% in the period, compared to 6.8% during FQ1’26.”
Capital and Funding Update Funding Capacity increased to $31.7 billion at the end of FQ1’27, up from $26.6 billion at the end of FQ1’26, and $30.0 billion at the end of FQ4’26.
Stated in 2 of 2 supplied quarters. Management reported: “Capital and Funding Update Funding Capacity increased to $31.7 billion at the end of FQ1’27, up from $26.6 billion at the end of FQ1’26, and $30.0 billion at the end of FQ4’26.” “During the quarter, we closed the 2026-3, 2026-4, and 2026-5 ABS transactions, issuing approximately $1.7 billion of notes in aggregate.”
We delivered 35% GMV growth, our 10th consecutive quarter of over-30% growth – without compromising unit economic discipline.
We added approximately $230 million to our net cash (now at $1.35 billion) since December, and $370 million in the last year.
Over the trailing year it converted -1.63x of net income into operating cash flow.
Most sensitive to the broad stock market.
Not enough signal to read sensitivity to the US dollar, real (inflation-adjusted) rates, long-term interest rates, Fed net liquidity (low R² over the window).
15 material management or governance events in the past 24 months, led by capital-allocation actions. Historically, Financials names rated neutral grew net income 60% of the time over the next year (vs 58% for the rest of the cohort, n=10134).
Not investment advice. As of 2026-11-05.
“Adjusted Operating Income as a percentage of Revenue, or Adjusted Operating Margin, was 30% during the period, compared to 28% during FQ1’26.”
“Adjusted Operating Margin was 27%, up 5 points year over year.”
“Capital and Funding Update Funding Capacity increased to $31.7 billion at the end of FQ1’27, up from $26.6 billion at the end of FQ1’26, and $30.0 billion at the end of FQ4’26.”
“Capital and Funding Update Funding Capacity increased to $28.2 billion at the end of FQ3’26, up from $23.3 billion at the end of FQ3’25, and $28.0 billion at the end of FQ2’26.”