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Revenue by Segment
Breaks down revenue across different business segments, revealing which areas are driving growth and profitability.Interest income has emerged as the dominant, fastest-growing revenue engine as Affirm scales its loan book and monetizes receivables, while Merchant Network and Virtual Card revenues have accelerated but remain secondary. Large, lumpy spikes in gain on loan sales point to growing securitization and balance-sheet arbitrage—helpful for revenue upside yet increasing quarter-to-quarter volatility and dependence on capital markets execution. Steady servicing growth supports retention, but the mix shift raises sensitivity to credit cycles and funding conditions.
Date | Merchant Network | Virtual Card Network | Interest | Gain or Loss on Loan Sales | Servicing |
|---|---|---|---|---|---|
Jun 30, 2026 | $302.38M | $85.16M | $567.29M | $165.07M | $46.06M |
Mar 31, 2026 | $268.03M | $66.47M | $532.45M | $127.20M | $44.62M |
Dec 31, 2025 | $328.38M | $73.03M | $493.63M | $185.23M | $42.75M |
Sep 30, 2025 | $251.15M | $69.33M | $454.12M | $119.05M | $39.69M |
Jun 30, 2025 | $239.45M | $67.11M | $419.09M | $116.88M | $33.88M |
Mar 31, 2025 | $213.97M | $58.57M | $402.70M | $75.84M | $32.05M |
Dec 31, 2024 | $244.90M | $58.14M | $409.37M | $125.29M | $28.69M |
Sep 30, 2024 | $184.34M | $47.48M | $377.06M | $63.61M | $25.98M |
Jun 30, 2024 | $181.01M | $42.98M | $337.62M | $69.98M | $27.60M |
Mar 31, 2024 | $159.29M | $35.68M | $315.71M | $40.18M | $25.29M |