Affirm Holdings annual free cash flow
2019
2020
2021
2022
2023
2024
2025
Affirm Holdings Free Cash Flow (FCF) History (AFRM)
Affirm Holdings reported $601.7M in free cash flow for fiscal 2025, an increase of 106.89% from the previous fiscal year, with a free cash flow margin of 54.02%.
View full Affirm Holdings company overviewAffirm Holdings free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 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
Q4.21
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
| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| 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 | −$58.4M | — | −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% |
| Q4 2021 | 2021-06-30 | −$27.8M | −$14.3M | — | −25.71% |
| Q3 2021 | 2021-03-31 | −$128.6M | — | — | −115.03% |
| Q2 2021 | 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 −$92.3M to $601.7M, a net increase of $694.0M. Affirm Holdings's latest reported quarter, Q3 2026, generated $325.1M in free cash flow, an increase of 106.57% 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 SEC-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.
Review Affirm Holdings filings at SEC.gov ↗