Affirm Posts FY2025 Net Revenue of $3.2 Billion and First-Ever Annual GAAP Profit

Affirm Holdings reported that net revenue for its fiscal year 2025 reached approximately $3.2 billion, representing growth of 38.8% compared with the prior year. The San Francisco-based buy-now-pay-later company also recorded its first-ever annual profit under generally accepted accounting principles, posting net income of $52 million for the full fiscal year.

Affirm had reported annual net losses since its initial public offering in January 2021.

MERCHANT PARTNERSHIPS

Affirm's merchant integrations include partnerships with Apple Pay, Amazon and Shopify.

Affirm's revenue model combines merchant fees and interest income from consumer loans.

PROFITABILITY

Management called profitability 'a point in the journey, not the destination', having reached GAAP operating-income profitability in the fourth fiscal quarter as promised a year earlier.