Affirm Holdings, Inc.
For the period ended Jun 30, 2026. Filed Aug 27, 2026.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2026 · Filed Aug 27, 2026
AFRM$68.11-2.2%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations and Comprehensive Income (Loss)
(in thousands, except share and per share amounts)
| June 30, 2026 | June 30, 2025 | June 30, 2024 | |
|---|---|---|---|
| Revenue | |||
| Merchant network revenue | $1,149,932 | $882,658 | $674,607 |
| Card network revenue | 293,990 | 231,308 | 151,401 |
| Total network revenue | 1,443,922 | 1,113,966 | 826,008 |
| Interest income | 2,047,485 | 1,608,221 | 1,204,355 |
| Gain on sales of loans | 596,553 | 381,622 | 197,153 |
| Servicing income | 173,123 | 120,602 | 95,483 |
| Total revenue, net | $4,261,082 | $3,224,412 | $2,322,999 |
| Operating expenses | |||
| Loss on loan purchase commitment | $311,864 | $242,264 | $180,395 |
| Provision for credit losses | 796,650 | 616,683 | 460,628 |
| Funding costs | 454,016 | 425,451 | 344,253 |
| Processing and servicing | 613,587 | 457,849 | 343,249 |
| Technology and data analytics | 747,145 | 589,723 | 501,857 |
| Sales and marketing | 342,531 | 434,847 | 576,405 |
| General and administrative | 578,312 | 545,053 | 525,291 |
| Restructuring and other | — | (184) | 6,768 |
| Total operating expenses | 3,844,105 | 3,311,685 | 2,938,846 |
| Operating income (loss) | $416,977 | $(87,273) | $(615,847) |
| Other income, net | 75,750 | 148,737 | 100,320 |
| Income (loss) before income taxes | $492,727 | $61,464 | $(515,527) |
| Income tax expense (benefit) | (1,437,067) | 9,279 | 2,230 |
| Net income (loss) | $1,929,793 | $52,186 | $(517,757) |
| Other comprehensive income (loss) | |||
| Foreign currency translation adjustments | $(24,862) | $6,025 | $(13,655) |
| Unrealized gain (loss) on securities available for sale, net | (1,884) | 3,297 | 6,857 |
| Gain (loss) on cash flow hedges | 5,447 | (2,826) | 656 |
| Net other comprehensive income (loss) | (21,299) | 6,496 | (6,142) |
| Comprehensive income (loss) | $1,908,494 | $58,682 | $(523,899) |
| Per share data: | |||
| Net income (loss) per share attributable to common stockholders for Class A and Class B | |||
| Basic | $5.76 | $0.16 | $(1.67) |
| Diluted | $5.53 | $0.15 | $(1.67) |
| Weighted average common shares outstanding | |||
| Basic | 335,155,421 | 322,851,873 | 309,857,129 |
| Diluted | 348,846,647 | 341,023,566 | 309,857,129 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.