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Affirm Holdings Inc offers a platform for digital and mobile-first commerce. It comprises a point-of-sale payment solution for consumers, merchant commerce solutions, and a consumer-focused app. The firm generates its revenue from merchant networks, and through virtual card networks among others. Geographically, it generates a majority share of its revenue from the United States.
2019
2.0K+
LTM Revenue $3.0B
LTM EBITDA $674M
$18.7B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Affirm has a last 12-month revenue of $3.0B and a last 12-month EBITDA of $674M.
In the most recent fiscal year, Affirm achieved revenue of $2.3B and an EBITDA of -$2.2M.
Affirm expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Affirm valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $1.6B | $2.3B | XXX | XXX | XXX |
| Gross Profit | $773M | $715M | XXX | XXX | XXX |
| Gross Margin | 49% | 31% | XXX | XXX | XXX |
| EBITDA | -$672M | -$2.2M | XXX | XXX | XXX |
| EBITDA Margin | -42% | 0% | XXX | XXX | XXX |
| Net Profit | -$707M | -$985M | XXX | XXX | XXX |
| Net Margin | -45% | -42% | XXX | XXX | XXX |
| Net Debt | $2.8B | $4.5B | XXX | XXX | XXX |
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As of April 15, 2025, Affirm's stock price is $41.
Affirm has current market cap of $13.1B, and EV of $18.7B.
See Affirm trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $18.7B | $13.1B | XXX | XXX | XXX | XXX | $-0.33 |
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Sign UpAs of April 15, 2025, Affirm has market cap of $13.1B and EV of $18.7B.
Affirm's trades at 6.2x LTM EV/Revenue multiple, and 27.7x LTM EBITDA.
Analysts estimate Affirm's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Affirm and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $18.7B | XXX | XXX | XXX |
| EV/Revenue | 6.8x | XXX | XXX | XXX |
| EV/EBITDA | 49.9x | XXX | XXX | XXX |
| P/E | -51.3x | XXX | XXX | XXX |
| P/E/Growth | n/a | XXX | XXX | XXX |
| EV/FCF | 32.1x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Sign UpAffirm's NTM/LTM revenue growth is 27%
Affirm's revenue per employee for the last fiscal year averaged $1.2M, while opex per employee averaged $0.9M for the same period.
Over next 12 months, Affirm's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate Affirm's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Affirm and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 46% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 14% | XXX | XXX | XXX | XXX |
| EBITDA Growth | -100% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 40% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $1.2M | XXX | XXX | XXX | XXX |
| Opex per Employee | $0.9M | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | 25% | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | 23% | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| Opex to Revenue | 75% | XXX | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Adyen | XXX | XXX | XXX | XXX | XXX | XXX |
| Tyro Payments | XXX | XXX | XXX | XXX | XXX | XXX |
| Keyware Technologies | XXX | XXX | XXX | XXX | XXX | XXX |
| eFinance | XXX | XXX | XXX | XXX | XXX | XXX |
| OrderYOYO | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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Affirm acquired XXX companies to date.
Last acquisition by Affirm was XXXXXXXX, XXXXX XXXXX XXXXXX . Affirm acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Sign Up| When was Affirm founded? | Affirm was founded in 2019. |
| Where is Affirm headquartered? | Affirm is headquartered in United States of America. |
| How many employees does Affirm have? | As of today, Affirm has 2.0K+ employees. |
| Who is the CEO of Affirm? | Affirm's CEO is Mr. Max R. Levchin. |
| Is Affirm publicy listed? | Yes, Affirm is a public company listed on NAS. |
| What is the stock symbol of Affirm? | Affirm trades under AFRM ticker. |
| When did Affirm go public? | Affirm went public in 2021. |
| Who are competitors of Affirm? | Similar companies to Affirm include e.g. Adyen, Tyro Payments, Keyware Technologies, eFinance. |
| What is the current market cap of Affirm? | Affirm's current market cap is $13.1B |
| What is the current revenue of Affirm? | Affirm's last 12-month revenue is $3.0B. |
| What is the current EBITDA of Affirm? | Affirm's last 12-month EBITDA is $674M. |
| What is the current EV/Revenue multiple of Affirm? | Current revenue multiple of Affirm is 6.2x. |
| What is the current EV/EBITDA multiple of Affirm? | Current EBITDA multiple of Affirm is 27.7x. |
| What is the current revenue growth of Affirm? | Affirm revenue growth between 2023 and 2024 was 46%. |
| Is Affirm profitable? | Yes, Affirm is EBITDA-positive (as of the last 12 months). |
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