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

Affirm Holdings (AFRM) Research & Development (2019 - 2026)

Affirm Holdings (AFRM) posted Research & Development of $92.4 million for Q2 2026, up 26.83% on a QoQ basis from $72.9 million in Q1 2026, and up 16.15% year-over-year from $79.6 million in Q2 2025.

Analysis

Affirm Holdings (AFRM) Research & Development (2019 - 2026) Analysis & Trends

Affirm Holdings has reported Research & Development for 8 years, with the latest figure at $92.4 million in Q2 2026.

  • On a quarterly basis, Research & Development rose 16.15% year-over-year to $92.4 million in Q2 2026; TTM through Jun 2026 was $342.5 million, a 21.23% decrease from a year earlier, with the FY2026 full-year figure at $342.5 million, down 21.23% from the prior year.
  • Research & Development was $92.4 million for Q2 2026 at Affirm Holdings, up from $72.9 million in the prior quarter.
  • The five-year high for Research & Development was $188.3 million in Q4 2022, with the low at $72.9 million in Q1 2026.
  • Average Research & Development over 5 years is $128.7 million, with a median of $138.5 million recorded in 2023.
  • The sharpest annual moves came in 2022 and 2025: Research & Development soared 170.72% in 2022, then tumbled 45.96% in 2025.
  • Over 5 years, Research & Development stood at $188.3 million in 2022, then declined by 14.37% to $161.3 million in 2023, then declined by 15.64% to $136.0 million in 2024, then retreated by 27.39% to $98.8 million in 2025, then slipped by 6.46% to $92.4 million in 2026.
  • The last three Research & Development figures came in at $92.4 million (Q2 2026), $72.9 million (Q1 2026), and $98.8 million (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 Synchrony Financial 24.38 Bn 8.19 Bn - 248.00 Mn
2 Affirm Holdings 24.01 Bn 22.38 Bn - 92.40 Mn
3 FirstCash Holdings 9.50 Bn 9.33 Bn 533.67 Mn -
4 Credit Acceptance 6.00 Bn 5.51 Bn 569.30 Mn 29.90 Mn
5 Slm 4.72 Bn -77.52 Mn - -
6 Enova International 4.35 Bn 4.22 Bn 568.07 Mn -
7 Bread Financial Holdings 4.20 Bn -15.89 Bn 957.00 Mn 80.00 Mn
8 StoneCo 2.99 Bn 1.38 Bn 308.97 Mn -
9 Ezcorp 1.88 Bn 1.57 Bn 246.19 Mn -
10 Navient 1.64 Bn 275.03 Mn - 16.00 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 92.40 Mn
Mar 31, 2026 72.85 Mn
Dec 31, 2025 98.78 Mn
Sep 30, 2025 78.49 Mn
Jun 30, 2025 79.55 Mn
Mar 31, 2025 74.02 Mn
Dec 31, 2024 136.04 Mn
Sep 30, 2024 145.23 Mn
Jun 30, 2024 135.32 Mn
Mar 31, 2024 132.95 Mn
Dec 31, 2023 161.27 Mn
Sep 30, 2023 146.87 Mn
Jun 30, 2023 145.13 Mn
Mar 31, 2023 140.94 Mn
Dec 31, 2022 188.33 Mn
Sep 30, 2022 163.87 Mn
Jun 30, 2022 168.69 Mn
Mar 31, 2022 156.21 Mn
Dec 31, 2021 143.48 Mn
Sep 30, 2021 63.96 Mn