Affirm Holdings annual free cash flow
2019
2020
2021
2022
2023
2024
2025
2026
Affirm Holdings Free Cash Flow (FCF) History (AFRM)
Affirm Holdings reported $992.6M in free cash flow for fiscal 2026, an increase of 64.97% from the previous fiscal year, with a free cash flow margin of 68.75%.
View full Affirm Holdings company overviewAffirm Holdings free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2026 | 2026-06-30 | $992.6M | $390.9M | +64.97% | +68.75% |
| 2025 | 2025-06-30 | $601.7M | $310.9M | +106.89% | +54.02% |
| 2024 | 2024-06-30 | $290.8M | $399.4M | — | +35.21% |
| 2023 | 2023-06-30 | −$108.6M | $139.9M | — | −17.32% |
| 2022 | 2022-06-30 | −$248.5M | −$35.1M | — | −44.44% |
| 2021 | 2021-06-30 | −$213.4M | −$121.1M | — | −49.69% |
| 2020 | 2020-06-30 | −$92.3M | $14.7M | — | −33.44% |
| 2019 | 2019-06-30 | −$107.1M | — | — | −76.32% |
Affirm Holdings quarterly free cash flow
Q3.20
Q1.21
Q2.21
Q3.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
Q3.26
Q4.26
| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q4 2026 | 2026-06-30 | $229.3M | $205.8M | +875.00% | +59.17% |
| Q3 2026 | 2026-03-31 | $325.1M | $167.7M | +106.57% | +97.19% |
| Q2 2026 | 2025-12-31 | $118.0M | −$150.1M | −55.98% | +29.40% |
| Q1 2026 | 2025-09-30 | $320.2M | $167.5M | +109.68% | +99.92% |
| Q4 2025 | 2025-06-30 | $23.5M | −$7.0M | −22.91% | +7.67% |
| Q3 2025 | 2025-03-31 | $157.4M | −$4.3M | −2.66% | +57.74% |
| Q2 2025 | 2024-12-31 | $268.1M | $232.5M | +653.67% | +88.48% |
| Q1 2025 | 2024-09-30 | $152.7M | $89.6M | +142.08% | +65.88% |
| Q4 2024 | 2024-06-30 | $30.5M | $11.6M | +61.15% | +13.62% |
| Q3 2024 | 2024-03-31 | $161.7M | $246.5M | — | +82.92% |
| Q2 2024 | 2023-12-31 | $35.6M | $98.4M | — | +15.63% |
| Q1 2024 | 2023-09-30 | $63.1M | $43.0M | +214.42% | +35.16% |
| Q4 2023 | 2023-06-30 | $18.9M | $105.1M | — | +10.79% |
| Q3 2023 | 2023-03-31 | −$84.8M | −$35.7M | — | −57.11% |
| Q2 2023 | 2022-12-31 | −$62.8M | $399.3M | — | −38.49% |
| Q1 2023 | 2022-09-30 | $20.1M | −$328.7M | −94.25% | +14.35% |
| Q4 2022 | 2022-06-30 | −$86.1M | — | — | −57.55% |
| Q3 2022 | 2022-03-31 | −$49.1M | $79.5M | — | −34.03% |
| Q2 2022 | 2021-12-31 | −$462.1M | −$411.5M | — | −300.74% |
| Q1 2022 | 2021-09-30 | $348.8M | $355.3M | — | +312.44% |
| Q3 2021 | 2021-03-31 | −$128.6M | −$115.2M | — | −115.03% |
| Q2 2021 · Dec 31 | 2020-12-31 | −$50.5M | — | — | −45.77% |
| Q1 2021 | 2020-09-30 | −$6.5M | — | — | −6.52% |
| Q3 2020 | 2020-03-31 | −$13.4M | — | — | −18.30% |
Affirm Holdings free cash flow growth trends
Over the last five reported fiscal years, free cash flow grew from −$213.4M to $992.6M, a net increase of $1.21B. Affirm Holdings's latest reported quarter, Q4 2026, generated $229.3M in free cash flow, an increase of 875.00% year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
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