Affirm Holdings Inc - Ordinary Shares - Class A
AFRM
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+ FollowMarket Cap$25.8B
Close$
Earnings Call Q3 2026
May 7, 2026 - AI Summary
Record quarter / credit staying stable (good + reassuring): Management said consumer credit performance is stable with no signs of deterioration in the populations Affirm underwrites (not making claims about the broader market). They characterized delinquencies as stable and credit signals as constructive, which supported overall performance and a pleasant funding environment.
Funding + ABS market tailwinds (good): CFO said 3 deals so far this year (including 2 revolving deals in the quarter and a priced static deal not yet closed). They reported “incredible depth,” lots of oversubscription, and continued tightening of ABS spreads, resulting in funding cost declines of ~125 bps year-over-year. This is attributed to investor demand for Affirm’s short-duration assets and execution.
Pay-in-4 / Pay-in-X momentum (good + expects continuation): Segment commentary suggested Pay-in-X is the fastest-growing segment. Drivers included:
- A large program shift to an evergreen 0% Pay in 4 offer (boosting volumes)
- Shopify continuing to grow as a key source of volume
- Another large program changing its financing program in a positive direction
They expect the Q4 trend to continue.
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$-28.22
136.2% downside
Current Fair Value
136.2% downsideOvervalued by 136.2% based on the discounted cash flow analysis.
Share Statistics
| Market cap | $25.80 Billion |
|---|---|
| Enterprise Value | $25.20 Billion |
| Dividend Yield | $- (-) |
| Earnings per Share | $0.16 |
| Beta | 3.62 |
| Outstanding Shares | 337,142,686 |
Return
| Return on Equity | 10.11% |
|---|---|
| Return on Assets | 2.91% |
| Return on Invested Capital | 3.42% |
Valuation & Multiples
| P/E Ratio | 66.98 |
|---|---|
| PEG | 1.88 |
| Price to Sales | 15.59 |
| Price to Book Ratio | 7.09 |
| Enterprise Value to Revenue | 14.62 |
| Enterprise Value to EBIT | 56.36 |
| Enterprise Value to Net Income | 65 |
| Total Debt to Enterprise | 0.04 |
| Debt to Equity | 0.3 |
Revenue Sources
No data
Insider Trades
Last Earnings Call
Report Date
May 14, 2026
EPS Estimate
$0.17
Average shareholder expectationRevenue Estimate
$995.85 M
Average shareholder expectationNext Earnings Call
Expected Date
August 27, 2026
EPS Estimate
$0.35
Average shareholder expectationRevenue Estimate
$1.11 B
Average shareholder expectationInstitutional Put/Call Ratio
Market sentiment based on institutional option activity.
| Put/Call Ratio | 1.1139▼ 18.54% |
|---|---|
| Total Calls | 7,751,266▼ 3.26% |
| Total Puts | 8,634,087▼ 17.07% |
Institutional Ownership
Holdings and activity of institutional investors.
| Ownership % | 86.44%▲ 15.11% |
|---|---|
| Total Invested | $21.68B▲ 96.76% |
| Investors Holding | 720▲ 65.00% |
ESG Score
No data
About Affirm Holdings Inc
916 employeesAffirm’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...