AFRM Affirm Holdings, Inc.

Overview and Growth

Fiscal 2026 results for Affirm Holdings, Inc. included $4.26B of revenue and net income of $1.93B. Revenue of $4.26B sets the operating scale against which the bank’s earnings can be considered, particularly in relation to net income, total assets, and the equity capital supporting them. The top line expanded 32.2% from $3.22B in fiscal 2025, increasing the company’s operating scale. Diluted earnings per share were $5.53, translating the period’s attributable earnings into the amount reported for each diluted share. Diluted shares averaged 348.85M; this is the reported share base over which the company’s diluted per-share earnings were spread. The diluted share count was 2.3% higher than fiscal 2025, when diluted shares averaged 341.02M, adding context to the EPS comparison. Total assets stood at $15.79B, defining the scale of the bank’s financial balance sheet and providing the base for evaluating earnings returns, capitalization, liquidity, and its shareholder-capital buffer.

Profitability

Net income was $1.93B, providing the bank’s bottom-line earnings result for the fiscal year. The final earnings result represented 45.3% of revenue, connecting the absolute net income figure with the company’s top-line scale. Pretax income was $492.73M, isolating the reported earnings outcome before the income-tax provision recognized for the fiscal year. The pretax margin was 11.6%, relating income before taxes directly to revenue. An income-tax benefit of $1.44B improved the final result relative to pretax income or loss. The tax benefit equaled 291.7% of positive pretax income, lifting the after-tax result. Return on period-end equity was 35.2%, relating annual net income to the equity capital on the balance sheet. The net-income-to-assets relationship measured 12.2%, showing earnings relative to the full balance sheet. Current net income of $1.93B was above fiscal 2025 net income of $52.19M, showing the direction of the bottom-line change. For a banking business, profitability is best read through net income together with returns on the asset base and shareholder capital. Return on assets connects earnings to the full financial balance sheet, while return on equity shows the result relative to shareholder capital; together they separate operating scale from capitalization and clarify the relationship between them.

Liquidity and Capital Structure

At period end, the $15.79B asset base was financed through $10.31B of liabilities and $5.48B of equity. Cash and equivalents totaled $1.63B, identifying the most liquid reported component available within the broader current-asset balance. The equity-to-assets relationship was 34.7%, placing book capital against the total resource base. Liabilities represented 65.3% of total assets, quantifying the liability-funded share of the company’s resource base. The cash-to-assets relationship was 10.3%, comparing reported cash and equivalents with the full positive asset balance. Total assets were 41.6% higher than fiscal 2025 assets of $11.15B, measuring the company’s own balance-sheet change. Against $3.07B of equity in fiscal 2025, the current book-equity balance moved 78.7% and ended higher. Cash and equivalents were 20.3% higher than fiscal 2025 cash of $1.35B, showing the year-over-year change in liquid resources. The mix of equity and liabilities is central to a bank’s resilience because book capital provides the balance sheet’s principal loss-absorbing layer. Reading changes in assets and equity together shows how the bank’s operating scale and book-capital base developed over the year.

Based on the annual report for the fiscal year ending Jun 30, 2026. Analysis generated Oct 21, 2026.