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Affirm Holdings (AFRM) Cash Flow Waterfall

Trace Affirm Holdings's cash from operations down to free cash flow, then see where FCF goes — capex, buybacks, dividends, and debt repayment.

TTM

Operating CF

$1.01B

Capex

−$222.59M

Free Cash Flow

$787.11M

FCF Margin

+78.0%

Cash flow waterfall for Affirm Holdings (AFRM) — TTM through Q1 2026

Free cash flow: $787.11M

Note: Other Investing is large — driven mainly by purchases or sales of investments.

Cash flow breakdown for Affirm Holdings (AFRM) — TTM through Q1 2026

  • Operating Cash Flow$1.01B
  • Capital Expenditure−$222.59M
  • Free Cash Flow$787.11M
  • Other Investing−$1.59B
  • Share Buybacks−$112.31M
  • Net Debt Change$1.67B
  • Other Financing & FX−$23.28M
  • Net Cash Increase$738.35M
Want to see what drove the FCF change?Free Cash Flow Bridge

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