Affirm Holdings (AFRM) Q2 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure · Editorial policy
Key numbers
- Adjusted EPS
- $4.97
- Estimate
- $0.85
- Surprise
- +486.3%
- Revenue (period 2026-06-30)
- $387.5M
- Score at report (before → after)
- 5.8 → 6.3/10
Revenue source: xbrl.
How the report landed
Affirm Holdings (AFRM) beat the $0.85 estimate with adjusted EPS of $4.97 — a large 486.3% upside surprise. TrendMatrix's engine moved from Buy (Wait) (5.8/10) to Sell at 6.3/10 after the report.
Where TrendMatrix's rating stands now
TrendMatrix currently rates AFRM Sell at 6.4/10.
1 of the last 4 quarters beat the estimate; this quarter's +486.3% surprise compares with a +114.0% four-quarter average. Next scheduled report: 2026-11-05.
What supports the rating
- Sector modifier (Financial Services): +1.0
- Earnings estimates trending UP
What argues against it
- Concentration risk — Counterparty: Celtic Bank and Lead Bank originating banks
- Concentration risk — Product: interest-bearing monthly installment loans (70.0%)
- Leverage penalty (D/E 1.8): -1.0
This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.
The levels TrendMatrix's engine tracks
- Current price
- $73.32
- Price target
- $90.47
- Stop
- $68.19
- Upside to target
- +23.4%
- Reward-to-risk
- 2.2:1
At 13.3× trailing and 14.6× forward earnings, consensus estimates imply little change in earnings power.
Model outputs from TrendMatrix’s engine as of 2026-10-29 — shown for context, not personalized investment advice.
AFRM at TrendMatrix's latest read
For financials, the EPS print is only half the story: credit costs, reserve builds, and rate sensitivity decide how a quarter actually lands.
- Industry
- Credit Services
- Market cap
- $24.74B
- P/E (fwd)
- 14.6
- P/E (ttm)
- 13.3
- 52-week range
- $42.09–$90.44
- Off 52-week high
- 18.9%
- RSI (14)
- 44
- Volume vs avg
- 0.63×
- Score today
- 6.4/10