| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 32 | 12.9x | 17.8x | Bottom tier | |
Growth | 97 | 32.2% | 7.1% | Top tier | |
Quality | 99 | — | — | Top tier | |
Safety | 43 | — | — | Around median | |
Capital Return | 18 | — | 2.12% | Bottom tier | |
Momentum | 56 | -12.0% | 2.9% | Around median | |
Sentiment | 44 | 20 | 3 | Around median |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
Affirm Holdings, Inc. provides buy now, pay later solutions and purchase financing, connecting consumers with merchants through a network that includes point-of-sale financing, Affirm Card, Affirm Money Account, and products tailored to business purchases. Its model spans interest-bearing loans and 0% interest promotional programs funded by merchants, manufacturers, or platform partners, in addition to loan sale revenue; the share of interest-bearing loans exceeded 80% in direct-to-consumer products during Q4 FY2026.
EDGAR data for FY2026 showed revenue of $4.3 billion, net income of $1.9 billion, and earnings per share of $5.53. In Q4 FY2026, the data showed revenue of $3.2 billion and net income of $1.6 billion, while the company reported quarterly earnings of $4.62 per share versus analysts’ estimates of $0.33, and management described the quarter as the most profitable in its history even when excluding the tax allowance release.
The profit surge requires careful interpretation; Q4 FY2026 net income was approximately $1.617 billion, but it included a tax benefit of $1.448 billion, while operating income was $147 million. As for the business mix, Pay-in-X grew by 41%, and Pay in 4 accelerated after a major merchant adopted it permanently, while offline transactions accounted for 30% of Affirm Card transactions despite remaining a small portion of gross merchandise volume.
The analyst consensus is “Buy,” with an average target of $97.13 and a wide range between $75 and $115; the average is approximately 4.2% above the 52-week range high of $93.2, while the range low is $42.095. No price-to-earnings ratio is displayed, and the $1.448 billion tax benefit inflated Q4 FY2026 earnings; therefore, valuation should be tied to the $147 million in operating income and the sustainability of growth and credit performance rather than extrapolating quarterly earnings per share of $4.62.
Figures in the text are as of 2026-09-02; the live price is shown at the top of the page.
Affirm reported earnings per share of $4.62 versus estimates of $0.33, and net income reached $1.617 billion. However, the results included a tax benefit of $1.448 billion, while operating income was $147 million. At the business level, Pay-in-X grew by 41%, and Pay in 4 accelerated after a major merchant decided to make it a permanent part of its financing program.
The figures do not support extrapolating earnings per share of $4.62 as reported into subsequent periods. The $1.448 billion tax benefit accounted for most of the $1.617 billion in quarterly net income, compared with operating income of $147 million. Management also refrained from providing precise earnings-per-share guidance for FY2027 because of volatility in the effective tax rate, while estimating an operating tax rate in the mid-to-high twenties percentage range.
Affirm Card’s active-user attachment rate reached 19% in Q4 FY2026, and management said a card user spends approximately twice as much as a typical user. Offline transactions accounted for 30% of card transactions, although the card still represents a small portion of gross merchandise volume. The company is working to increase the attachment rate and usage through card-specific features and integration with Affirm Money Account.
Automated analysis for informational purposes only — not investment advice.
Affirm is available at 80 of the top 250 e-commerce sites and at 10% of e-commerce merchants, meaning the core market itself remains underpenetrated. On August 28, 2026, gross merchandise volume growth was linked to the expansion of the international partnership with Shopify, while management described the response from consumers and merchants in the United Kingdom as positive. Services segment volume also nearly doubled year over year after signing one or two major platforms, although management cautioned against assuming that the same near-doubling pace would continue.
Affirm makes real-time credit decisions for approximately 100 million transactions each quarter and treats its credit-loss target as an input that determines approval rates. Management said it would slow growth before allowing a major credit disruption to occur, but acknowledged upward and downward movements in delinquency indicators. The targeted revenue less transaction costs percentage of 4.16% in FY2027 also depends on funding cost and mix and credit performance continuing without material deterioration.
The stock has a “Buy” consensus and an average target of $97.13, with a high target of $115 and a low target of $75. The average target exceeds the 52-week range high of $93.2 by approximately 4.2%, while the range low is $42.095. No price-to-earnings ratio is displayed, and the $40 spread in targets confirms that the valuation estimate depends heavily on separating sustainable operating profit from the non-recurring tax benefit.
