Filing Flows › Affirm Holdings (AFRM) › Q4 FY26
Affirm Holdings (AFRM) Q4 FY26 earnings results (fourth quarter fiscal 2026)
10-K filed Aug 27, 2026
Affirm Holdings (AFRM) reported revenue of $1.2B for the fourth quarter fiscal 2026 (Q4 FY26), +33% from a year earlier and +12% from the quarter before. Operating margin was 12.6%, net earnings $1.6B (138.7% of revenue).
Affirm Holdings, Q4 FY26: revenue $1.2B (+33% year over year), operating margin 12.6%, net earnings $1.6B, operating cash flow $296M. The chart follows the revenue to costs, profit and cash.
| Q4 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.2B | +12% | +33% |
| Operating profit | $147M | +67% | +154% |
| Net earnings | $1.6B | 16× | 23× |
| Operating cash flow | $296M | -23% | +297% |
| Free cash flow | $229M | -29% | +875% |
What changed
Revenue was $1.2B in Q4 FY26, up 33% year over year and up 12% from the previous quarter. Merchant network revenue was the largest line at 26% of revenue.
Operating profit was $0.15B, a 12.6% margin (up 6.0 points year over year). Of the extra revenue versus Q4 FY25, 31% reached operating profit, above the 7% margin then. Total costs grew 24% against revenue growth of 33%. The fastest-growing cost line was Other operating costs (+29%). Net earnings were $1.6B, up 2235% year over year. The tax line was a benefit of $1.4B on pre-tax earnings of $0.17B.
Operating cash flow was $0.30B (up 297% year over year), 18% of net earnings. Non-cash charges added back $0.09B of depreciation and amortization and $0.07B of share-based compensation. Working capital and other items used $1.5B. Capital expenditures of $0.07B left free cash flow of $0.23B.
Questions
What was Affirm Holdings' revenue in the fourth quarter fiscal 2026?
Affirm Holdings (AFRM) reported revenue of $1.2B for the fourth quarter fiscal 2026 (Q4 FY26), +33% from a year earlier and +12% from the quarter before.
Was Affirm Holdings profitable in the fourth quarter fiscal 2026?
Operating profit was $147M (12.6% of revenue) and net earnings $1.6B.
Source: Affirm Holdings 10-K on SEC EDGAR.