Affirm Holdings, Inc.

Personal Credit Institutions·SAN FRANCISCO, CA·FY end 06/30·CIK 1820953

CEO Pay Ratio

74:1

Max Levchin

CEO Total Comp

$538.3K

Max Levchin

Median Employee

$308,800

Revenue

$3.2B

FY 2025

Net Income

$52.2M

FY 2025

Free Cash Flow

$601.7M

FY 2025

Net Margin

1.6%

Insider Net (180d)

0 buys / 0 sales

CEO Pay Accountability

CEO comp as % of net income

1.03%

For every $1,000 of profit, $10.32 flows to the CEO.

CEO comp as % of buybacks

0.22%

CEO comp equals 2.2‰ of cash returned to shareholders via buybacks.

5-year history · USD

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	Trend
Revenue	$3.2B	$2.3B	$1.6B	$1.3B	$870.5M
Gross Profit	—	—	—	—	—	—
Operating Income	-$87.3M	-$615.8M	-$1.2B	-$866.0M	-$379.2M
Net Income	$52.2M	-$517.8M	-$985.3M	-$707.4M	-$430.9M
Operating CF	$793.9M	$450.1M	$12.2M	-$162.2M	-$193.1M
Capex	$192.2M	$159.3M	$120.8M	$86.3M	$20.3M
Free Cash Flow	$601.7M	$290.8M	-$108.6M	-$248.5M	-$213.4M
Buybacks	$250.0M	$0	$109.0K	$86.0K	$800.0K
Dividends	—	—	—	—	—	—

Gross Margin	—	—	—	—	—	—
Operating Margin	-2.7%	-26.5%	-75.6%	-64.2%	-43.6%
Net Margin	1.6%	-22.3%	-62.1%	-52.4%	-49.5%
FCF Margin	18.7%	12.5%	-6.8%	-18.4%	-24.5%
R&D / Revenue	—	—	—	—	—	—
Effective Tax	15.1%	-0.4%	0.4%	2.4%	0.5%
Debt / Equity	2.48	0.67	—	—	—
Buybacks / FCF	41.5%	0.0%	-0.1%	-0.0%	-0.4%

FY 2025

Executive	Salary	Stock	Options	Bonus / Inc.	Other	Total
Michael LinfordChief Operating Officer	$500.0K	$4.0M	$4.0M	$562.9K	$7.5K	$9.1M
Libor MichalekPresident	$500.0K	$3.7M	$3.7M	$562.9K	$7.5K	$8.6M
Rob O’HareChief Financial Officer	$457.4K	$2.7M	$2.7M	$450.6K	$7.5K	$6.4M
Katherine AdkinsChief Legal Officer and Chief Compliance Officer	$450.0K	$1.7M	$1.7M	$379.9K	$7.5K	$4.3M
Max LevchinCEO	$38.8K	—	—	—	$499.5K	$538.3K