Filing Flows › Affirm Holdings (AFRM) › Q3 FY26
Affirm Holdings (AFRM) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed May 7, 2026
Affirm Holdings (AFRM) reported revenue of $1.0B for the third quarter fiscal 2026 (Q3 FY26), +33% from a year earlier and -8% from the quarter before. Operating margin was 8.5%, net earnings $103M (9.9% of revenue).
Affirm Holdings, Q3 FY26: revenue $1.0B (+33% year over year), operating margin 8.5%, net earnings $103M, operating cash flow $387M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.0B | -8% | +33% |
| Operating profit | $88.4M | -25% | — |
| Net earnings | $103M | -21% | 37× |
| Operating cash flow | $387M | +122% | +84% |
| Free cash flow | $325M | +175% | +107% |
What changed
Revenue was $1.0B in Q3 FY26, up 33% year over year and down 8% from the previous quarter. Merchant network revenue was the largest line at 26% of revenue. Merchant network revenue added $0.05B year over year (up 25%), 21% of the total change.
Operating profit was $0.09B, a 8.5% margin (up 9.6 points year over year). Total costs grew 20% against revenue growth of 33%. The fastest-growing cost line was Other operating costs (+26%). Net earnings were $0.10B, up 3570% year over year. The effective tax rate was 4.2%.
Operating cash flow was $0.39B (up 84% year over year), 376% of net earnings. Non-cash charges added back $0.08B of depreciation and amortization and $0.07B of share-based compensation. Working capital and other items added $0.13B. Capital expenditures of $0.06B left free cash flow of $0.33B.
Questions
What was Affirm Holdings' revenue in the third quarter fiscal 2026?
Affirm Holdings (AFRM) reported revenue of $1.0B for the third quarter fiscal 2026 (Q3 FY26), +33% from a year earlier and -8% from the quarter before.
Was Affirm Holdings profitable in the third quarter fiscal 2026?
Operating profit was $88.4M (8.5% of revenue) and net earnings $103M.
Source: Affirm Holdings 10-Q on SEC EDGAR.