Affirm Holdings (AFRM) Cash from Operations (2020 - 2026)
Affirm Holdings' Cash from Operations came in at $296.16 million for fiscal Q4 2026 (quarter ended Jun 30, 2026), up 296.8% from $74.64 million a year earlier but down 23.4% from the prior quarter.
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Analysis
Affirm Holdings (AFRM) Cash from Operations (2020 - 2026) Analysis & Trends
For FY2026 (ended Jun 30, 2026), Affirm Holdings' Cash from Operations was $1.23 billion, up 55.1% from FY2025.
- Going back by fiscal year, Cash from Operations was $793.91 million in FY2025 (+76.4%), $450.14 million in FY2024, $12.18 million in FY2023 and -$162.19 million in FY2022.
- The five-year range for quarterly Cash from Operations is -$440.25 million (fiscal Q2 2022) to $386.5 million (fiscal Q3 2026).
- Year-over-year, Cash from Operations increased in seven of the last eight quarters, with growth averaging 106.9%.
- The fastest year-over-year change in Cash from Operations over five years came in fiscal Q2 2025 (growth of 319.8%), and the weakest in fiscal Q1 2023 (a decline of 86.0%).
- Business Quant data shows AFRM's Cash from Operations at $386.5 million (Q3 2026), $173.74 million (Q2 2026) and $374.57 million (Q1 2026) in the three fiscal quarters before Q4 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cash from Ops. (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Companies | 42.08 Bn | 30.90 Bn | - | 1.91 Bn |
| 2 | Orix | 40.23 Bn | 9.45 Bn | 12.74 Bn | - |
| 3 | Royalty Pharma | 38.80 Bn | 39.13 Bn | - | 686.08 Mn |
| 4 | Federal National Mortgage Association Fannie Mae | 24.88 Bn | 24.88 Bn | - | 876.00 Mn |
| 5 | Affirm Holdings | 23.61 Bn | 16.66 Bn | - | 207.08 Mn |
| 6 | Synchrony Financial | 23.04 Bn | -44.59 Bn | - | 2.50 Bn |
| 7 | Royal Gold | 22.12 Bn | 21.35 Bn | 390.45 Mn | 335.15 Mn |
| 8 | Annaly Capital Management | 14.78 Bn | 5.81 Bn | - | 2.86 Bn |
| 9 | Ares Capital | 13.97 Bn | 11.72 Bn | - | 1.05 Bn |
| 10 | Federal Home Loan Mortgage | 12.45 Bn | -6.23 Bn | - | 4.22 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 207.08 Mn |
| Jun 30, 2026 | 296.16 Mn |
| Mar 31, 2026 | 386.50 Mn |
| Dec 31, 2025 | 173.74 Mn |
| Sep 30, 2025 | 374.57 Mn |
| Jun 30, 2025 | 74.64 Mn |
| Mar 31, 2025 | 210.39 Mn |
| Dec 31, 2024 | 312.02 Mn |
| Sep 30, 2024 | 196.87 Mn |
| Jun 30, 2024 | 68.76 Mn |
| Mar 31, 2024 | 208.15 Mn |
| Dec 31, 2023 | 74.32 Mn |
| Sep 30, 2023 | 98.90 Mn |
| Jun 30, 2023 | 43.79 Mn |
| Mar 31, 2023 | -54.28 Mn |
| Dec 31, 2022 | -28.55 Mn |
| Sep 30, 2022 | 51.22 Mn |
| Jun 30, 2022 | -59.11 Mn |
| Mar 31, 2022 | -27.98 Mn |
| Dec 31, 2021 | -440.25 Mn |
API Access
Affirm Holdings Cash from Operations API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cash-from-operations&ticker=AFRM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cash-from-operations", "ticker": "AFRM", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cash-from-operations&ticker=AFRM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();