Affirm Holdings AFRM
NASDAQ AFRM
$71.21 +0.93 (+1.32%)
At close: Sep 18, 2026 · 4:00 PM EDT

Affirm Holdings (AFRM) Free Cash Flow (2020 - 2026)

Affirm Holdings (AFRM) posted Free Cash Flow of -$13.0 billion for Q2 2026, down 22.91% on a QoQ basis from -$10.5 billion in Q1 2026, and down 33.08% year-over-year from -$19.4 billion in Q2 2025.

Analysis

Affirm Holdings (AFRM) Free Cash Flow (2020 - 2026) Analysis & Trends

Affirm Holdings has reported Free Cash Flow for 7 years, with the latest figure at -$13.0 billion in Q2 2026.

  • On a quarterly basis, Free Cash Flow fell 33.08% year-over-year to -$13.0 billion in Q2 2026; TTM through Jun 2026 was -$45.4 billion, a 43.08% decrease from a year earlier, with the FY2026 full-year figure at -$45.4 billion, down 43.08% from the prior year.
  • Free Cash Flow was -$13.0 billion for Q2 2026 at Affirm Holdings, down from -$10.5 billion in the prior quarter.
  • The five-year high for Free Cash Flow was -$2.7 billion in Q3 2022, with the low at -$13.0 billion in Q2 2026.
  • Average Free Cash Flow over 5 years is -$6.5 billion, with a median of -$5.9 billion recorded in 2023.
  • The sharpest annual moves came in 2022 and 2023: Free Cash Flow sank 81.72% in 2022, then retreated 8.13% in 2023.
  • Over 5 years, Free Cash Flow stood at -$3.8 billion in 2022, then sank by 57.87% to -$6.0 billion in 2023, then tumbled by 38.51% to -$8.4 billion in 2024, then sank by 49.57% to -$12.5 billion in 2025, then declined by 3.8% to -$13.0 billion in 2026.
  • The last three Free Cash Flow figures came in at -$13.0 billion (Q2 2026), -$10.5 billion (Q1 2026), and -$12.5 billion (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Free Cash Flow (Qtr)
1 Synchrony Financial 24.38 Bn 8.19 Bn - 2.42 Bn
2 Affirm Holdings 24.01 Bn 22.38 Bn - -12.97 Bn
3 FirstCash Holdings 9.50 Bn 9.33 Bn 533.67 Mn 83.04 Mn
4 Credit Acceptance 6.00 Bn 5.51 Bn 569.30 Mn 307.90 Mn
5 Slm 4.72 Bn -77.52 Mn - -134.83 Mn
6 Enova International 4.35 Bn 4.22 Bn 568.07 Mn 531.42 Mn
7 Bread Financial Holdings 4.20 Bn -15.89 Bn 957.00 Mn 533.00 Mn
8 StoneCo 2.99 Bn 1.38 Bn 308.97 Mn 367.51 Mn
9 Ezcorp 1.88 Bn 1.57 Bn 246.19 Mn 32.88 Mn
10 Navient 1.64 Bn 275.03 Mn - 143.00 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 -12.97 Bn
Mar 31, 2026 -10.55 Bn
Dec 31, 2025 -12.49 Bn
Sep 30, 2025 -9.42 Bn
Jun 30, 2025 -9.74 Bn
Mar 31, 2025 -7.47 Bn
Dec 31, 2024 -8.35 Bn
Sep 30, 2024 -6.19 Bn
Jun 30, 2024 -5.86 Bn
Mar 31, 2024 -5.02 Bn
Dec 31, 2023 -6.03 Bn
Sep 30, 2023 -4.13 Bn
Jun 30, 2023 -3.92 Bn
Mar 31, 2023 -3.14 Bn
Dec 31, 2022 -3.82 Bn
Sep 30, 2022 -2.69 Bn
Jun 30, 2022 -2.89 Bn
Mar 31, 2022 -2.90 Bn
Dec 31, 2021 -3.25 Bn
Sep 30, 2021 -1.48 Bn