Affirm Holdings (AFRM) Cost of Revenue (2019 - 2026)

Affirm Holdings' Cost of Revenue history runs 8 years deep, the most recent figure standing at $72.9 million for Q1 2026.

• In Q1 2026, Cost of Revenue fell 1.58% year-over-year to $72.9 million; the TTM figure through Mar 2026 stood at $329.7 million (down 32.8% YoY), while the FY2025 annual figure was $434.8 million, down 24.56% from the prior year.
• Cost of Revenue was $72.9 million for Q1 2026 at Affirm Holdings, down from $98.8 million in the prior quarter.
• In the past five years, Cost of Revenue ranged from a high of $188.3 million in Q4 2022 to a low of $72.9 million in Q1 2026.
• Historically, Cost of Revenue has averaged $130.9 million across 5 years, with a median of $140.9 million in 2023.
• The sharpest annual moves came in 2022 and 2025: Cost of Revenue surged 170.72% in 2022, then plunged 45.96% in 2025.
• A 5-year view of Cost of Revenue shows it stood at $188.3 million in 2022, then dropped by 14.37% to $161.3 million in 2023, then dropped by 15.64% to $136.0 million in 2024, then fell by 27.39% to $98.8 million in 2025, then dropped by 26.25% to $72.9 million in 2026.
• The last three Cost of Revenue figures came in at $72.9 million (Q1 2026), $98.8 million (Q4 2025), and $78.5 million (Q3 2025), per Business Quant data.