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