What is the 13F Pro Quality Score for AFRM?

13F Pro ranks Affirm Holdings, Inc. (AFRM) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View AFRM's current score at https://13fpro.ai/company/AFRM (free sign-up required for the full ranking).

Where does 13F Pro source AFRM data?

All Affirm Holdings, Inc. fundamentals and ownership data come directly from SEC EDGAR. Affirm Holdings, Inc. files with the SEC under CIK 1820953. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is AFRM in?

Affirm Holdings, Inc. (AFRM) is classified in the Financials sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/financials.

How often is AFRM research updated on 13F Pro?

AFRM's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

Affirm Holdings, Inc.(AFRM)Stock Analysis

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13F Pro Quality Score

81.3/100

Rank #20 of 2,961 stocksTOP 1%

View Financials peers →

Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Nov 14, 2026.

Revenue Growth

89.8/100

Profitability

97.7/100

Balance Sheet

94.2/100

Earnings Quality

21.0/100

Free Cash Flow

77.0/100

Institutional Flow

44.6/100

Revenue Scale

75.8/100

Dilution Risk

20.3/100

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Why AFRM Scores 81/100

exact factor attribution · 2026-09-11

AFRM's composite is driven by revenue growth and profitability, held back by earnings quality and shareholder dilution. Bars show each factor's exact push vs. a median company, using the same weights the ranking engine applies.

Revenue growth

+10.6 pts

90th pct

Profitability

+9.5 pts

98th pct

Capital efficiency

+5.9 pts

94th pct

Scale

+5.2 pts

76th pct

Free cash flow

+4.0 pts

77th pct

Earnings growth

+2.4 pts

86th pct

Institutional flow

-0.4 pts

45th pct

Shareholder dilution

-2.0 pts

20th pct

Earnings quality

-2.9 pts

21th pct

Latest change (2026-08-28): 67 → 72 · ↓ Capital efficiency 61→53

Factor percentiles are cross-sectional ranks across the ~2,800-stock scored universe, computed from SEC EDGAR filings. Not investment advice.

AFRM Stock Analysis & AI Quality Score

Data updated 2026-09-11

AI stock analysis and institutional research for Affirm Holdings, Inc. (AFRM), a Financials sector company. 13F Pro's AI-powered ranking engine scores AFRM at 81.3/100 on a 32-signal composite quality model, placing it at rank #20 of 2,961 stocks — the top 1% of the AI-ranked universe. AFRM scores in the top quartile across profitability (97.7), balance sheet strength (94.2), revenue growth (89.8). Areas of concern include earnings quality (21.0), which score below median versus the broader universe. Shareholder dilution risk is elevated at 20.3/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q2 2026), Affirm Holdings, Inc. reports quarterly revenue of $1.2B, net income of $1.6B, an operating margin of 12.6%. Top institutional holders of AFRM by reported 13-F value include Capital Research Global Investors, Capital World Investors, MORGAN STANLEY, based on the most recent SEC filings. AFRM trades on the Nasdaq exchange and files with the SEC under CIK 1820953. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate AFRM daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Affirm Holdings, Inc. directly from SEC EDGAR. Affirm Holdings, Inc.'s 13F Pro composite quality score has ranged between 19 and 81 since 2021, currently 81.3 — an improving long-term trajectory across 66 quarterly and live scoring snapshots.

✦

Fun facts about Affirm Holdings, Inc.

Quirks, history, and lore behind AFRM — the kind of stuff that makes a stock memorable.

1
The Basics
U.S. fintech company · listed on Nasdaq · headquartered in San Francisco · operates in the consumer lending space.
2
The Numbers
Processes tens of billions of dollars in gross merchandise volume annually, yet has spent most of its public life reporting net losses — growth first, profits later (maybe).
3
The History
Founded in 2012 by a co-founder of PayPal, it launched with a mission to make borrowing transparent and interest-simple — no late fees, no gotchas.
4
The Secret
Its secret weapon is underwriting every single loan in real time using its own risk model, rather than outsourcing credit decisions to a bank — which is also why it carries real credit risk on its books.
5
The Lore
CEO Max Levchin has publicly called traditional credit cards a "scam" — bold talk for a man whose company's checkout button appears on Peloton, Walmart, and Amazon.
6
The Giveaway
You've seen the button: "Pay over time — 0% APR, no hidden fees." It's the original big-name buy now, pay later player in the U.S., and its four letters rhyme with "confirm."

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What's Driving AFRM's Business? Latest 10-K Breakdown

✓ 9/9 datapoints verified

AI-extracted from Affirm Holdings, Inc.'s 10-K filed 2026-08-27 — FY2026 (year ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.

The provided filing text is truncated before the income statement, so no total revenue or expense figures are verifiable; disclosed operating data shows $50.2B of FY2026 GMV and loans held for investment up 36% to $9.47B.

Biggest Revenue Drivers

Watch Items from the Filing

Affirm relies on two Primary Originating Banks (Celtic, Lead) for substantially all platform loans; it directly originated only $9.5B, or 19%, of loans in FY2026.
Loans held for investment grew 36% to $9.47B while average balance grew 27% to $8.15B, retaining more credit risk on balance sheet.
In January 2026 Affirm applied to Nevada FID and FDIC to charter Affirm Bank as an industrial loan company; the application has drawn opposition from industry and advocacy groups.
In December 2025 seven state attorneys general opened coordinated inquiries into BNPL practices; new UK FCA deferred-payment credit rules took effect July 25, 2026.
Accumulated deficit narrowed to approximately $1.1 billion at June 30, 2026 from $3.1 billion a year earlier; repeat consumers drove 96% of transactions versus 94%.

AI-extracted and verified against SEC EDGAR filing text. Not investment advice.

Read the full 10-K on SEC EDGAR →Share on X

Revenue

Q2 2026

$1.2B

Net Income

Q2 2026

$1.6B

Free Cash Flow

Q2 2026

$229.3M

Operating Margin

Q2 2026

12.6%

ROIC

Q2 2026

3.9%

D/E Ratio

Q2 2026

1.79

Period

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro

Revenue

+32.2% YoY

$4.26BFY 2026

FY23 $1.59BFY24 $2.32BFY25 $3.22BFY26 $4.26B

Net Income

+3597.9% YoY

$1.93BFY 2026

FY23 $-985.3MFY24 $-517.8MFY25 $52.2MFY26 $1.93B

Operating Income

+577.8% YoY

$417.0MFY 2026

FY23 $-1.20BFY24 $-615.8MFY25 $-87.3MFY26 $417.0M

EPS (Diluted)

+3586.7% YoY

$5.53FY 2026

FY23 $-3.34FY24 $-1.67FY25 $0.15FY26 $5.53

Total Assets

+41.6% YoY

$15.79BFY 2026

FY23 $8.16BFY24 $9.52BFY25 $11.15BFY26 $15.79B

Total Debt

+28.7% YoY

$9.79BFY 2026

FY23 —FY24 $1.84BFY25 $7.61BFY26 $9.79B

Op. Cash Flow

+55.1% YoY

$1.23BFY 2026

FY23 $12.2MFY24 $450.1MFY25 $793.9MFY26 $1.23B

Free Cash Flow

+65.0% YoY

$992.6MFY 2026

FY23 $-108.6MFY24 $290.8MFY25 $601.7MFY26 $992.6M

Metric	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Revenue	$4.26B +32.2%	$3.22B +38.8%	$2.32B +46.3%	$1.59B +17.7%	$1.35B +55.0%	$870.5M
Net Income	$1.93B +3597.9%	$52.2M +110.1%	$-517.8M +47.5%	$-985.3M -39.3%	$-707.4M -60.4%	$-441.0M
Operating Income	$417.0M +577.8%	$-87.3M +85.8%	$-615.8M +48.7%	$-1.20B -38.7%	$-866.0M -125.7%	$-383.7M
EPS (Diluted)	$5.53 +3586.7%	$0.15 +109.0%	$-1.67 +50.0%	$-3.34 -33.1%	$-2.51 +14.6%	$-2.94
Total Assets	$15.79B +41.6%	$11.15B +17.2%	$9.52B +16.7%	$8.16B +16.9%	$6.97B +43.3%	$4.87B
Total Debt	$9.79B +28.7%	$7.61B +314.3%	$1.84B	—	—	—
Operating Cash Flow	$1.23B +55.1%	$793.9M +76.4%	$450.1M +3595.4%	$12.2M +107.5%	$-162.2M +16.0%	$-193.1M
Free Cash Flow	$992.6M +65.0%	$601.7M +106.9%	$290.8M +367.8%	$-108.6M +56.3%	$-248.5M -16.5%	$-213.4M

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Available Research

13F Pro tracks comprehensive data for Affirm Holdings, Inc. including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of AFRM

Capital Research Global Investors
$2.1B26,000,572 sh
Capital World Investors
$1.9B23,115,136 sh
MORGAN STANLEY
$1.9B23,000,269 sh
BlackRock, Inc.
$1.6B19,613,537 sh
FMR LLC
$1.4B17,581,656 sh
JPMORGAN CHASE & CO
$1.4B16,722,922 sh
VANGUARD CAPITAL MANAGEMENT LLC
$1.0B12,320,890 sh
VANGUARD PORTFOLIO MANAGEMENT LLC
$969.3M11,886,405 sh
STATE STREET CORP
$517.8M6,349,214 sh
BAILLIE GIFFORD & CO
$477.6M5,856,569 sh

Fund	Value	Shares
Capital Research Global Investors	$2.1B	26,000,572
Capital World Investors	$1.9B	23,115,136
MORGAN STANLEY	$1.9B	23,000,269
BlackRock, Inc.	$1.6B	19,613,537
FMR LLC	$1.4B	17,581,656
JPMORGAN CHASE & CO	$1.4B	16,722,922
VANGUARD CAPITAL MANAGEMENT LLC	$1.0B	12,320,890
VANGUARD PORTFOLIO MANAGEMENT LLC	$969.3M	11,886,405
STATE STREET CORP	$517.8M	6,349,214
BAILLIE GIFFORD & CO	$477.6M	5,856,569

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Is AFRM a good stock to buy?

13F Pro's AI-powered analysis of Affirm Holdings, Inc. (AFRM) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Financials sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for AFRM are available on the AFRM stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing. AFRM is classified as a large company.

Which hedge funds own AFRM?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling AFRM. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of Affirm Holdings, Inc.'s investment landscape.