Affirm Holdings Inc - Ordinary Shares - Class A
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+ FollowMarket Cap$25.63B
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Earnings Call Q4 2026
August 27, 2026 - AI Summary
Huge profitability beat; “most profitable quarter ever” (FQ4 FY26)
- Management said fiscal Q4 was the company’s *most profitable quarter ever*, explicitly noting it was achieved even without a tax allowance release mentioned in their prepared remarks—signaling stronger underlying operating performance.
- CEO emphasized the “core business is firing on all cylinders,” implying broad-based strength rather than one-off factors.
Guidance / longer-term growth posture: initiatives are “real,” but some future products won’t show up until FY28–FY29
- Max Levchin indicated that while near-term guidance reflects “products that are working and growing and printing profits,” the more ambitious future initiatives are expected to show up later (FY28, FY29+).
- Investors should expect continued high growth, but with a deliberate strategy not to “overpromise and underdeliver.”
Credit risk / consumer stress: no worrying delinquency signals; credit stance is adjustable but not a binary lever
- Asked whether consumers are under stress or whether Affirm could loosen underwriting: management said no consumer stress signals were observed (continued resilience).
- They emphasized underwriting control: Affirm can “choose the loans we want to make” in small increments (described as roughly 100 million times per quarter), and they adjust policy gradually based on weekly monitoring of early delinquency (DQ0/DQ1-type signals).
- Risk takeaway (positive): credit outcomes are actively managed; downside risk (negative): policies can change with macro, but so far there’s no indication of deterioration.
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$-9.11
112.1% downside
Current Fair Value
112.1% downsideOvervalued by 112.1% based on the discounted cash flow analysis.
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Share Statistics
| Market cap | $25.63 Billion |
|---|---|
| Enterprise Value | $33.02 Billion |
| Earnings per Share | $5.76 |
| Beta | 3.82 |
| Outstanding Shares | 339,055,635 |
Return
| Return on Equity | 35.19% |
|---|---|
| Return on Assets | 12.22% |
| Return on Invested Capital | 3.58% |
Valuation & Multiples
| P/E Ratio | 12.87 |
|---|---|
| PEG | 0.58 |
| Price to Sales | 15.12 |
| Price to Book Ratio | 4.72 |
| Enterprise Value to Revenue | 17.04 |
| Enterprise Value to EBIT | 59.24 |
| Enterprise Value to Net Income | 17 |
| Total Debt to Enterprise | 0.3 |
| Debt to Equity | 1.79 |
Revenue Sources
No data
Last Earnings Call
Report Date
August 27, 2026
EPS Estimate
$0.35
Consensus analyst estimateRevenue Estimate
$1.11 B
Consensus analyst estimateNext Earnings Call
Expected Date
November 5, 2026
EPS Estimate
$0.38
Consensus analyst estimateRevenue Estimate
$1.21 B
Consensus analyst estimateInstitutional Put/Call Ratio
Compares institutional put options with call options. At 1.00, calls and puts are about even.
| Put/Call Ratio | 1.0000▼ 11.39% |
|---|---|
| Total Calls | 179,500▼ 97.68% |
| Total Puts | 179,500▼ 97.92% |
Institutional Ownership
Holdings and activity of institutional investors.
| Ownership % | 1.60%▼ 76.08% |
|---|---|
| Total Invested | $375.50M▼ 98.24% |
| Investors Holding | 207▼ 520.00% |
About Affirm Holdings Inc
916 employees
Affirm’s mission is to deliver honest financial products that improve lives. With that in mind, Affirm is building the next generation platform for digital and mobile-first commerce, making it easier for consumers to spend responsibly an...