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
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |