Affirm Holdings (AFRM) Net Margin (2019 - 2026)
Affirm Holdings (AFRM) reported Net Margin of 138.65% for fiscal Q4 2026 (quarter ended Jun 30, 2026), up 130.75 percentage points from 7.90% a year earlier and up 128.74 percentage points from the prior quarter.
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Analysis
Affirm Holdings (AFRM) Net Margin (2019 - 2026) Analysis & Trends
For FY2026 (ended Jun 30, 2026), Affirm Holdings posted Net Margin of 45.29%, up 43.67 percentage points from FY2025.
- Net Margin has increased for three consecutive fiscal years, with a five-year change of +95.95 percentage points (FY2021 to FY2026).
- By fiscal year, Net Margin came in at 1.62% in FY2025 (+23.91 pp), -22.29% in FY2024 (+39.76 pp), -62.05% in FY2023 (-9.62 pp) and -52.43% in FY2022 (-1.76 pp).
- The fiscal Q4 2026 figure ranks as the highest quarterly Net Margin in data going back to fiscal Q2 2020.
- Year over year, Net Margin has now increased in each of the last 13 quarters, with an average year-over-year change of +32.71 percentage points over the last eight quarters.
- The high point for year-over-year Net Margin in five years was fiscal Q4 2026 (a gain of 130.75 percentage points); the low point was fiscal Q1 2022 (a drop of 111.55 percentage points).
- Per Business Quant data, the three fiscal quarters before Q4 2026 came in at 9.91% (Q3 2026), 11.54% (Q2 2026) and 8.65% (Q1 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Companies | 43.07 Bn | 28.75 Bn | - | 8.26% |
| 2 | Orix | 41.51 Bn | 42.01 Bn | 4.68 Bn | 32.04% |
| 3 | Royalty Pharma | 32.73 Bn | 32.65 Bn | - | 2.65% |
| 4 | Affirm Holdings | 27.21 Bn | 20.90 Bn | - | 138.65% |
| 5 | Synchrony Financial | 23.66 Bn | -44.31 Bn | - | 18.21% |
| 6 | Federal National Mortgage Association Fannie Mae | 23.53 Bn | 23.53 Bn | - | 2.02% |
| 7 | Royal Gold | 20.00 Bn | 19.23 Bn | 390.45 Mn | 52.47% |
| 8 | Annaly Capital Management | 13.74 Bn | 4.84 Bn | - | - |
| 9 | Ares Capital | 13.33 Bn | 10.76 Bn | - | - |
| 10 | Federal Home Loan Mortgage | 11.90 Bn | -6.84 Bn | - | -0.15% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 138.65% |
| Mar 31, 2026 | 9.91% |
| Dec 31, 2025 | 11.54% |
| Sep 30, 2025 | 8.65% |
| Jun 30, 2025 | 7.90% |
| Mar 31, 2025 | 0.36% |
| Dec 31, 2024 | 9.28% |
| Sep 30, 2024 | -14.35% |
| Jun 30, 2024 | -6.85% |
| Mar 31, 2024 | -23.25% |
| Dec 31, 2023 | -28.24% |
| Sep 30, 2023 | -34.60% |
| Jun 30, 2023 | -46.20% |
| Mar 31, 2023 | -53.99% |
| Dec 31, 2022 | -80.70% |
| Sep 30, 2022 | -69.48% |
| Jun 30, 2022 | -51.19% |
| Mar 31, 2022 | -15.41% |
| Dec 31, 2021 | -44.25% |
| Sep 30, 2021 | -113.82% |
API Access
Affirm Holdings Net Margin 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=net-margin&ticker=AFRM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "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=net-margin&ticker=AFRM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();