Affirm Holdings (AFRM) Operating Expenses (2019 - 2026)
Affirm Holdings (AFRM) recorded quarterly Operating Expenses of $950.3 million in Q1 2026, down 5.48% quarter-over-quarter from $1.0 billion in Q4 2025, and up 20.06% on a YoY basis from $791.5 million in Q1 2025.
Affirm Holdings (AFRM) Operating Expenses (2019 - 2026) Analysis & Trends
Affirm Holdings' Operating Expenses history runs 8 years deep, the most recent figure standing at $950.3 million for Q1 2026.
- In Q1 2026, Operating Expenses rose 20.06% year-over-year to $950.3 million; the TTM figure through Mar 2026 stood at $3.6 billion (up 12.95% YoY), while the FY2025 annual figure was $3.3 billion, up 12.69% from the prior year.
- Operating Expenses was $950.3 million for Q1 2026 at Affirm Holdings, down from $1.0 billion in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $1.0 billion in Q4 2025 to a low of $581.3 million in Q1 2022.
- Historically, Operating Expenses has averaged $769.9 million across 5 years, with a median of $759.1 million in 2022.
- The sharpest annual moves came in 2022 and 2023: Operating Expenses jumped 70.56% in 2022, then advanced 0.55% in 2023.
- A 5-year view of Operating Expenses shows it stood at $759.1 million in 2022, then grew by 0.55% to $763.3 million in 2023, then climbed by 14.08% to $870.7 million in 2024, then increased by 15.47% to $1.0 billion in 2025, then declined by 5.48% to $950.3 million in 2026.
- The last three Operating Expenses figures came in at $950.3 million (Q1 2026), $1.0 billion (Q4 2025), and $869.7 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Visa | 543.83 Bn | 531.43 Bn | - | 4.00 Bn |
| 2 | Mastercard | 439.96 Bn | 429.75 Bn | - | 3.49 Bn |
| 3 | American Express | 218.41 Bn | 164.37 Bn | 17.43 Bn | 13.88 Bn |
| 4 | Capital One Financial | 113.95 Bn | 37.46 Bn | - | 8.46 Bn |
| 5 | PayPal Holdings | 37.65 Bn | 28.31 Bn | 7.84 Bn | 6.87 Bn |
| 6 | Synchrony Financial | 24.77 Bn | 4.21 Bn | - | 1.32 Bn |
| 7 | Affirm Holdings | 21.75 Bn | 20.03 Bn | 261.64 Mn | 950.34 Mn |
| 8 | SoFi Technologies | 21.04 Bn | 17.64 Bn | 929.25 Mn | 891.92 Mn |
| 9 | Ally Financial | 13.49 Bn | 13.04 Bn | 1.98 Bn | 1.24 Bn |
| 10 | Eason Technology | 6.63 Bn | 6.62 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Jun 30, 2021 | 376.03 Mn |