Affirm (NASDAQ:AFRM) Issues Earnings Results

Affirm (NASDAQ:AFRM) issued its quarterly earnings data on Thursday. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.12, Zacks reports. The business had revenue of $933.34 million during the quarter, compared to the consensus estimate of $881.83 million. Affirm had a net margin of 1.62% and a return on equity of 1.80%. The company’s revenue was up 33.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.31) EPS. Affirm updated its Q2 2026 guidance to EPS and its FY 2026 guidance to EPS.

Affirm Stock Performance

Shares of AFRM stock traded up $7.66 during midday trading on Friday, hitting $73.62. The company had a trading volume of 16,341,703 shares, compared to its average volume of 7,283,908. The stock has a market cap of $23.97 billion, a price-to-earnings ratio of 566.35, a PEG ratio of 4.56 and a beta of 3.57. The company has a debt-to-equity ratio of 2.55, a current ratio of 11.54 and a quick ratio of 11.54. The company’s 50 day simple moving average is $78.61 and its 200 day simple moving average is $68.03. Affirm has a 52-week low of $30.90 and a 52-week high of $100.00.

Analysts Set New Price Targets

A number of brokerages recently weighed in on AFRM. Citigroup raised shares of Affirm to a “strong-buy” rating in a research report on Thursday, October 23rd. Susquehanna lifted their target price on Affirm from $65.00 to $76.00 and gave the stock a “positive” rating in a research report on Wednesday, July 23rd. Wall Street Zen raised Affirm from a “hold” rating to a “buy” rating in a research report on Saturday, October 11th. UBS Group raised their price target on Affirm from $56.00 to $85.00 and gave the stock a “neutral” rating in a research note on Friday, August 29th. Finally, Redburn Partners set a $101.00 price objective on Affirm in a research note on Monday, October 6th. Three analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $86.78.

Insider Activity

In related news, insider Katherine Adkins sold 36,878 shares of Affirm stock in a transaction on Friday, August 29th. The shares were sold at an average price of $95.00, for a total value of $3,503,410.00. Following the transaction, the insider directly owned 113,400 shares in the company, valued at $10,773,000. This trade represents a 24.54% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Siphelele Jiyane sold 12,500 shares of the company’s stock in a transaction on Monday, September 15th. The stock was sold at an average price of $85.42, for a total transaction of $1,067,750.00. Following the transaction, the chief accounting officer owned 213,967 shares of the company’s stock, valued at approximately $18,277,061.14. The trade was a 5.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 1,761,596 shares of company stock valued at $148,662,354. 11.01% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of AFRM. Royal Bank of Canada grew its stake in shares of Affirm by 2.1% during the 1st quarter. Royal Bank of Canada now owns 193,601 shares of the company’s stock worth $8,748,000 after purchasing an additional 3,892 shares during the period. Empowered Funds LLC boosted its holdings in Affirm by 90.7% during the first quarter. Empowered Funds LLC now owns 16,852 shares of the company’s stock worth $762,000 after buying an additional 8,014 shares in the last quarter. Focus Partners Wealth acquired a new position in Affirm during the first quarter worth about $243,000. EverSource Wealth Advisors LLC grew its position in Affirm by 18.5% during the second quarter. EverSource Wealth Advisors LLC now owns 2,738 shares of the company’s stock worth $189,000 after buying an additional 427 shares during the period. Finally, First Trust Advisors LP increased its holdings in Affirm by 44.8% in the second quarter. First Trust Advisors LP now owns 191,525 shares of the company’s stock valued at $13,242,000 after buying an additional 59,297 shares in the last quarter. Hedge funds and other institutional investors own 69.29% of the company’s stock.

About Affirm

Affirm Holdings, Inc operates a platform for digital and mobile-first commerce in the United States, Canada, and internationally. The company's platform includes point-of-sale payment solution for consumers, merchant commerce solutions, and a consumer-focused app. Its commerce platform, agreements with originating banks, and capital markets partners enables consumers to pay for a purchase over time with terms ranging up to 60 months.