Added to YB: 2026-05-15
Pitch date: 2026-05-13
AFRM [neutral]
Affirm Holdings, Inc.
Author Info
Bob’s Payment Stock Substack is a former analyst and portfolio manager. Fundamental buy-and-hold investor. Talking stocks and markets. Focus on Payments, Financial Technology, and Payroll and HCM. Sign up for the newsletter.
Company Info
Affirm Holdings, Inc. operates payment network in the United States, Canada, and internationally. Its platform includes point-of-sale payment solution for consumers, merchant commerce solutions, and a consumer-focused app.
Market Cap
$21.3B
Pitch Price
N/A
Price Target
N/A
Dividend
N/A
EV/EBITDA
44.64
P/E
60.02
EV/Sales
7.20
Sector
Financial Services
Category
growth
Payments and FinTech Earnings Recap: Q1 2026 - Affirm Holdings, Inc.
AFRM (earnings): Q3 GMV +35% YoY, RLTC margin 4.3% (above 3-4% target). Funding costs -34bps QoQ, -126bps YoY on strong loan demand. Q4 GMV guide +28% YoY (7pt slowdown vs tough comp), but mgmt sees FY27 growth above Q4 exit rate. Credit performing well. Trades low-to-mid 30x EV/EBITDA (incl SBC). Concerns remain on long-term durability of high-APR lending model.
Read full article (1 min)