The Tip Desk

Affirm Holdings, Inc.

Company Stats

Market Cap
$23.4B
as of Sep 30, 2026
Enterprise Value
$31.6B
Shares Outstanding
337.4M
Free Float
76.9%

Income Statement

Revenue
$4.3B
Operating Income
$417.0M
Net Income
$1.9B
EBITDA
$720.3M
Revenue Growth, 3Y
39.0%
FCF Margin, 3Y Avg
18.2%
FCF Margin, Worst Year
12.5%

Cash Flow

Free Cash Flow
$992.6M
FCF Yield
4.2%
Owner FCF Yield
2.9%

Balance Sheet

Cash & Equivalents
$1.6B
Total Debt
$9.9B
Net Debt
$8.2B
Net Debt / EBITDA
11.41x
EV / EBITDA
43.84x
Net Debt / EBIT
19.71x

Returns & Capital

Buyback Yield, 3Y Avg
0.4%
SBC, 3Y Avg
$323.5M

Cash Flow by Year

YearRevenueFCFMargin
FY2026$4.3B$992.6M23.3%
FY2025$3.2B$601.7M18.7%
FY2024$2.3B$290.8M12.5%
FY2023$1.6B-$108.6M-6.8%
FY2022$1.3B-$248.5M-18.4%

Annual filing data through FY ended June 30, 2026; shares and float as of October 14, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.

Earnings