TTM
11.1%
YoY change
+23.80pp
Trough year (2023)
-75.6%
Peak year (2025)
-2.7%
Latest annual
-2.7%
Operating Margin history chart for Affirm Holdings (AFRM) from 2019 to 2025
Latest: -2.7%
Operating Margin change chart for Affirm Holdings (AFRM) from 2019 to 2025
Latest: +23.80pp
Operating Margin history table for Affirm Holdings (AFRM) from 2019 to 2025
| 2025 | -2.7% | +23.80pp | ||
| 2024 | -26.5% | +49.11pp | ||
| 2023 | -75.6% | -11.44pp | ||
| 2022 | -64.2% | -20.11pp | ||
| 2021 | -44.1% | -22.92pp | ||
| 2020 | -21.2% | +17.26pp | ||
| 2019 | -38.4% | — |
- 2025-2.7%+23.80pp
- 2024-26.5%+49.11pp
- 2023-75.6%-11.44pp
- 2022-64.2%-20.11pp
- 2021-44.1%-22.92pp
- 2020-21.2%+17.26pp
- 2019-38.4%—
Operating 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 Operating Margin at Affirm Holdings (AFRM)
According to Affirm Holdings's latest reported financial statements, the company's latest reported operating margin is 11.1%. Operating margin is operating income divided by revenue — the share of each sales dollar left after cost of goods sold and operating expenses (SG&A, R&D), but before interest and taxes. It isolates how profitable the core business is before financing and tax decisions, so it is comparable across companies with different capital structures.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
2025's annual operating margin for Affirm Holdings (AFRM) came in at -2.71% – expanded 23.8 percentage points year-over-year.
Across the available history, operating margin reached its high of -2.71% in 2025 and its low of -75.62% in 2023.
Affirm Holdings Operating Margin by Year
Affirm Holdings Operating Margin 2025: -2.7%
Affirm Holdings operating margin in 2025 was -2.71%, expanded 23.8 percentage points from 2024. This figure represents the highest annual value in the available history.
Affirm Holdings Operating Margin 2024: -26.5%
2024's operating margin for Affirm Holdings came in at -26.51%, expanded 49.1 percentage points from 2023.
Affirm Holdings Operating Margin 2023: -75.6%
Affirm Holdings posted operating margin of -75.62% in 2023, contracted 11.4 percentage points from 2022. This figure represents the lowest annual value in the available history.
Affirm Holdings Operating Margin 2022: -64.2%
In 2022, Affirm Holdings reported operating margin of -64.19%, contracted 20.1 percentage points from 2021.
Affirm Holdings Operating Margin 2021: -44.1%
Affirm Holdings operating margin in 2021 was -44.08%.
See more financial history for Affirm Holdings (AFRM).
Sector peers by Operating Margin
Technology peers of Affirm Holdings (AFRM), ranked by their latest operating margin
| 64.0% | |
| 53.2% | |
| 48.5% | |
| 46.8% | |
| 43.7% | |
| 34.8% | |
| 32.6% | |
| 11.7% |
- 64.0%
- 53.2%
- 46.8%
- 43.7%
- 34.8%
- 32.6%
- 11.7%
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