TTM
19.8%
YoY change
+6.14pp
Trough year (2019)
-43.0%
Peak year (2025)
18.7%
Latest annual
18.7%
FCF Margin history chart for Affirm Holdings (AFRM) from 2019 to 2025
Latest: 18.7%
FCF Margin change chart for Affirm Holdings (AFRM) from 2019 to 2025
Latest: +6.14pp
FCF Margin history table for Affirm Holdings (AFRM) from 2019 to 2025
| 2025 | 18.7% | +6.14pp | ||
| 2024 | 12.5% | +19.36pp | ||
| 2023 | -6.8% | +13.46pp | ||
| 2022 | -20.3% | +4.21pp | ||
| 2021 | -24.5% | -4.89pp | ||
| 2020 | -19.6% | +23.40pp | ||
| 2019 | -43.0% | — |
- 202518.7%+6.14pp
- 202412.5%+19.36pp
- 2023-6.8%+13.46pp
- 2022-20.3%+4.21pp
- 2021-24.5%-4.89pp
- 2020-19.6%+23.40pp
- 2019-43.0%—
FCF Margin values are taken from Affirm Holdings's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About FCF Margin at Affirm Holdings (AFRM)
According to Affirm Holdings's latest reported financial statements, the company's latest reported free cash flow margin is 19.8%. Free cash flow margin is free cash flow divided by revenue — the share of each sales dollar that converts into cash after capital expenditures. Because free cash flow cannot be inflated by non-cash accounting, FCF margin is a clean read on how efficiently a business turns revenue into deployable cash.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
In 2025, Affirm Holdings (AFRM) free cash flow margin totalled 18.66% – expanded 6.1 percentage points year-over-year.
2025 marks the peak free cash flow margin at 18.66%, with the historical low of -43.03% recorded in 2019.
Affirm Holdings FCF Margin by Year
Affirm Holdings FCF Margin 2025: 18.7%
Affirm Holdings free cash flow margin in 2025 was 18.66%, expanded 6.1 percentage points from 2024. This figure represents the highest annual value in the available history.
Affirm Holdings FCF Margin 2024: 12.5%
2024's free cash flow margin for Affirm Holdings came in at 12.52%, expanded 19.4 percentage points from 2023.
Affirm Holdings FCF Margin 2023: -6.8%
Affirm Holdings posted free cash flow margin of -6.84% in 2023, expanded 13.5 percentage points from 2022.
Affirm Holdings FCF Margin 2022: -20.3%
In 2022, Affirm Holdings reported free cash flow margin of -20.30%, expanded 4.2 percentage points from 2021.
Affirm Holdings FCF Margin 2021: -24.5%
Affirm Holdings free cash flow margin in 2021 was -24.51%.
See more financial history for Affirm Holdings (AFRM).
Sector peers by FCF Margin
Technology peers of Affirm Holdings (AFRM), ranked by their latest free cash flow margin
| 47.0% | |
| 43.4% | |
| 28.6% | |
| 26.6% | |
| 25.5% | |
| 22.9% | |
| 22.9% | |
| 17.7% |
- 47.0%
- 43.4%
- 28.6%
- 26.6%
- 25.5%
- 22.9%
- 22.9%
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