Affirm Holdings (AFRM) Operating Expenses (2019 - 2026)
Affirm Holdings (AFRM) posted Operating Expenses of $1.0 billion for Q2 2026, up 7.19% on a QoQ basis from $950.3 million in Q1 2026, and up 24.48% year-over-year from $818.4 million in Q2 2025.
Analysis
Affirm Holdings (AFRM) Operating Expenses (2019 - 2026) Analysis & Trends
Affirm Holdings has reported Operating Expenses for 8 years, with the latest figure at $1.0 billion in Q2 2026.
- On a quarterly basis, Operating Expenses rose 24.48% year-over-year to $1.0 billion in Q2 2026; TTM through Jun 2026 was $3.8 billion, a 16.08% increase from a year earlier, with the FY2026 full-year figure at $3.8 billion, up 16.08% from the prior year.
- Operating Expenses was $1.0 billion for Q2 2026 at Affirm Holdings, up from $950.3 million in the prior quarter.
- The five-year high for Operating Expenses was $1.0 billion in Q2 2026, with the low at $581.3 million in Q1 2022.
- Average Operating Expenses over 5 years is $783.7 million, with a median of $761.2 million recorded in 2022.
- The sharpest annual moves came in 2022 and 2023: Operating Expenses surged 70.56% in 2022, then climbed 0.55% in 2023.
- Over 5 years, Operating Expenses stood at $759.1 million in 2022, then increased by 0.55% to $763.3 million in 2023, then grew by 14.08% to $870.7 million in 2024, then rose by 15.47% to $1.0 billion in 2025, then grew by 1.32% to $1.0 billion in 2026.
- The last three Operating Expenses figures came in at $1.0 billion (Q2 2026), $950.3 million (Q1 2026), and $1.0 billion (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Synchrony Financial | 24.38 Bn | 8.19 Bn | - | 1.33 Bn |
| 2 | Affirm Holdings | 24.01 Bn | 22.38 Bn | - | 1.02 Bn |
| 3 | FirstCash Holdings | 9.50 Bn | 9.33 Bn | 533.67 Mn | 406.67 Mn |
| 4 | Credit Acceptance | 6.00 Bn | 5.51 Bn | 569.30 Mn | 418.80 Mn |
| 5 | Slm | 4.72 Bn | -77.52 Mn | - | 194.98 Mn |
| 6 | Enova International | 4.35 Bn | 4.22 Bn | 568.07 Mn | 330.92 Mn |
| 7 | Bread Financial Holdings | 4.20 Bn | -15.89 Bn | 957.00 Mn | 483.00 Mn |
| 8 | StoneCo | 2.99 Bn | 1.38 Bn | 308.97 Mn | -41.49 Mn |
| 9 | Ezcorp | 1.88 Bn | 1.57 Bn | 246.19 Mn | 191.37 Mn |
| 10 | Navient | 1.64 Bn | 275.03 Mn | - | 85.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.02 Bn |
| Mar 31, 2026 | 950.34 Mn |
| Dec 31, 2025 | 1.01 Bn |
| Sep 30, 2025 | 869.68 Mn |
| Jun 30, 2025 | 818.35 Mn |
| Mar 31, 2025 | 791.53 Mn |
| Dec 31, 2024 | 870.70 Mn |
| Sep 30, 2024 | 831.10 Mn |
| Jun 30, 2024 | 732.65 Mn |
| Mar 31, 2024 | 736.95 Mn |
| Dec 31, 2023 | 763.26 Mn |
| Sep 30, 2023 | 705.99 Mn |
| Jun 30, 2023 | 689.65 Mn |
| Mar 31, 2023 | 691.01 Mn |
| Dec 31, 2022 | 759.09 Mn |
| Sep 30, 2022 | 649.09 Mn |
| Jun 30, 2022 | 641.36 Mn |
| Mar 31, 2022 | 581.31 Mn |
| Dec 31, 2021 | 557.21 Mn |
| Sep 30, 2021 | 435.46 Mn |