Affirm Holdings, Inc.
For the period ended Sep 30, 2026. Filed Nov 5, 2026.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2026 · Filed Nov 5, 2026
AFRM$65.95-3.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (Unaudited)
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME
(in thousands, except share and per share amounts)
| Three Months Ended September 30, | ||
|---|---|---|
| 2026 | 2025 | |
| Revenue | ||
| Merchant network revenue | $296,928 | $251,147 |
| Card network revenue | 96,490 | 69,330 |
| Total network revenue | 393,418 | 320,477 |
| Interest income | 658,128 | 454,122 |
| Gain on sales of loans | 162,172 | 119,049 |
| Servicing income | 48,498 | 39,689 |
| Total revenue, net | $1,262,216 | $933,337 |
| Operating expenses | ||
| Loss on loan purchase commitment | $82,573 | $71,552 |
| Provision for credit losses | 259,357 | 162,752 |
| Funding costs | 134,373 | 110,027 |
| Processing and servicing | 168,808 | 133,807 |
| Technology and data analytics | 202,652 | 168,106 |
| Sales and marketing | 86,841 | 78,491 |
| General and administrative | 140,560 | 144,941 |
| Total operating expenses | $1,075,164 | $869,676 |
| Operating income | $187,052 | $63,661 |
| Other income, net | 18,000 | 19,358 |
| Income before income taxes | $205,052 | $83,019 |
| Income tax expense | 40,886 | 2,326 |
| Net income | $164,166 | $80,694 |
| Other comprehensive income (loss) | ||
| Foreign currency translation adjustments | $1,268 | $(10,003) |
| Unrealized gain (loss) on securities available for sale, net | (2,797) | 812 |
| Gain (loss) on cash flow hedges | 6,656 | (129) |
| Net other comprehensive income (loss) | $5,127 | $(9,320) |
| Comprehensive income | $169,294 | $71,373 |
| Per share data: | ||
| Net income per share attributable to common stockholders for Class A and Class B | ||
| Basic | $0.48 | $0.24 |
| Diluted | $0.47 | $0.23 |
| Weighted average common shares outstanding | ||
| Basic | 341,335,987 | 330,238,205 |
| Diluted | 351,783,888 | 348,278,403 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.