OverviewSuggest Edit

Affirm Holdings is a financial services company that builds a proprietary technology platform for digital and mobile-first commerce. Its point-of-sale solutions allow consumers to pay for purchases in fixed amounts without deferred interest, hidden fees, or penalties. The company also offers commerce solutions that help merchants promote and sell their products, optimize their customer acquisition and marketing strategies, and drive incremental sales. In addition, its consumer-focused app allows users to manage payments, open a savings account, and access a personalized marketplace.

TypePublic
Founded2012
HQSan Francisco, CA, US
Websiteaffirm.com
Employee Ratings4.4
Overall CultureB

Latest Updates

Employees (est.) (Mar 2021)1,342(+37%)
Job Openings201
Revenue (FY, 2020)$509.5 M(+93%)
Share Price (Sept 2021)$116.3(-1%)
Cybersecurity ratingBMore

Key People/Management at Affirm

Max Levchin

Max Levchin

Founder, Chief Executive Officer and Chairman of the Board of Directors
Katherine Adkins

Katherine Adkins

Chief Legal and Compliance Officer
Greg Fisher

Greg Fisher

Chief Marketing Officer
Jude Komuves

Jude Komuves

Chief People Officer
Geoff Kott

Geoff Kott

Chief Revenue Officer
Michael Linford

Michael Linford

Chief Financial Officer
Show more

Affirm Office Locations

Affirm has offices in San Francisco, Chicago, New York, Pittsburgh and in 1 other location
San Francisco, CA, US (HQ)
650 California St
Chicago, IL, US
350 North Orleans
New York, NY, US
New York
Pittsburgh, PA, US
30 Isabella St Floor 4
Salt Lake City, UT, US
Salt Lake City
Show all (5)

Affirm Financials and Metrics

Affirm Revenue

Affirm's revenue was reported to be $509.53 m in FY, 2020 which is a 92.7% increase from the previous period.
USD

Revenue (Q3, 2021)

230.7m

Net income (Q3, 2021)

247.2m

EBIT (Q3, 2021)

(169.5k)

Market capitalization (17-Sept-2021)

31.3b

Closing stock price (17-Sept-2021)

116.3

Cash (31-Mar-2021)

1.6b

EV

31.7b
Affirm's current market capitalization is $31.3 b.
Annual
USDFY, 2019FY, 2020

Revenue

264.4m509.5m

Revenue growth, %

93%

Sales and marketing expense

16.9m25.0m

General and administrative expense

88.9m121.2m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q4, 2019Q1, 2020Q2, 2020Q3, 2020Q4, 2020Q1, 2021Q2, 2021Q3, 2021

Revenue

52.0m70.0m73.1m69.6m87.9m130.0m138.3m153.3m174.0m204.0m230.7m

Sales and marketing expense

4.2m3.4m4.1m5.1m5.2m7.7m7.1m5.1m22.6m39.1m57.5m

General and administrative expense

15.8m22.0m18.9m32.2m27.7m30.7m31.4m31.4m32.3m40.9m146.9m

Operating expense total

79.0m109.1m93.4m110.3m120.9m162.6m219.8m114.0m218.6m235.8m400.1m
Annual
USDFY, 2019FY, 2020

Cash

320.4m267.1m

Accounts Receivable

43.1m59.0m

PP&E

33.6m48.1m

Total Assets

1.1b1.4b
Quarterly
USDQ1, 2021Q2, 2021Q3, 2021

Cash

684.4m520.7m1.6b

Accounts Receivable

49.0m67.0m66.1m

PP&E

49.6m49.4m53.4m

Total Assets

2.3b2.7b4.8b
Annual
USDFY, 2019FY, 2020

Net Income

(120.5m)(112.6m)

Depreciation and Amortization

5.3m9.4m

Accounts Payable

4.4m7.5m

Cash From Operating Activities

(87.6m)(71.3m)
Quarterly
USDQ1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Net Income

(30.8m)(61.8m)(147.4m)(15.3m)(46.8m)(277.7m)

Depreciation and Amortization

2.1m4.5m7.4m3.7m7.1m12.1m

Accounts Payable

(2.2m)2.0m1.6m6.1m7.9m4.1m

Cash From Operating Activities

(18.5m)(34.6m)(42.9m)(2.3m)(50.0m)(173.2m)
USDQ1, 2019

Revenue/Employee

120.1k
Show all financial metrics

Affirm Operating Metrics

Q1, 2019Q2, 2019Q3, 2019Q4, 2019FY, 2019Q1, 2020Q2, 2020Q3, 2020Q4, 2020FY, 2020Q1, 2021Q2, 2021Q3, 2021

Gross Merchandise Volume

$474.34 m$669.65 m$694.36 m$781.7 m$2.62 b$861.31 m$1.34 b$1.23 b$1.2 b$4.64 b$1.48 b$2.08 b$2.26 b

Active Consumers

2.05 m2.38 m2.97 m3.62 m3.88 m4.52 m5.36 m

Transactions per Active Consumer

222.1 k2.12.22.22.3

Loans Held for Investment

$735.41 m$1.03 b$1.41 b$1.89 b$2.08 b
Show all operating metrics

Affirm Acquisitions / Subsidiaries

Company NameDateDeal Size
PayBrightJanuary 01, 2021c$340 m
SweepApril 27, 2016
LendLayerAugust 05, 2015
Affirm Canada Holdings Ltd.
Affirm, Inc.

Affirm Revenue Breakdown

Embed Graph

Affirm revenue breakdown by business segment: 50.4% from Merchant Network Revenue, 36.6% from Interest Income, 6.3% from Gain on Sales of Loans and 6.7% from Other

Affirm revenue breakdown by geographic segment: 99.3% from United States and 0.7% from Other

Human Capital Metrics

Affirm's employees are reported to be approximately 57% female and 43% male.
Embed Graph
Show all human capital metrics

Affirm Cybersecurity Score

Cybersecurity ratingPremium dataset

B

80/100

SecurityScorecard logo

Affirm Online and Social Media Presence

Embed Graph

Affirm Company Culture

  • Overall Culture

    B

    80/100

  • CEO Rating

    A+

    90/100

  • Compensation

    C-

    64/100

Learn more on Comparably

Affirm News and Updates

Affirm Stock Facing a Wild Ride

Affirm Stock Facing a Wild Ride

Capital One Testing Buy-Now, Pay-Later Option to Battle Affirm

Capital One Testing Buy-Now, Pay-Later Option to Battle Affirm

Affirm delivers triple-digit volume growth in its fiscal Q4

US-base buy now, pay later provider Affirm posted a strong fiscal Q4 (ended June 30, 2021).

Affirm delivers triple-digit volume growth in its fiscal Q4

US-base buy now, pay later provider Affirm posted a strong fiscal Q4 (ended June 30, 2021).

Affirm delivers triple-digit volume growth in its fiscal Q4

Affirm delivers triple-digit volume growth in its fiscal Q4

5 Top Fintech Stocks To Watch As Affirm Soars On Strong Earnings Growth

5 Top Fintech Stocks To Watch As Affirm Soars On Strong Earnings Growth
Show more

Affirm Frequently Asked Questions

  • When was Affirm founded?

    Affirm was founded in 2012.

  • Who are Affirm key executives?

    Affirm's key executives are Max Levchin, Katherine Adkins and Greg Fisher.

  • How many employees does Affirm have?

    Affirm has 1,342 employees.

  • What is Affirm revenue?

    Latest Affirm annual revenue is $509.5 m.

  • What is Affirm revenue per employee?

    Latest Affirm revenue per employee is $379.7 k.

  • Who are Affirm competitors?

    Competitors of Affirm include Shareworks, UpLift and Boku.

  • Where is Affirm headquarters?

    Affirm headquarters is located at 650 California St, San Francisco.

  • Where are Affirm offices?

    Affirm has offices in San Francisco, Chicago, New York, Pittsburgh and in 1 other location.

  • How many offices does Affirm have?

    Affirm has 5 offices.