Affirm Holdings vs Corpay
Affirm Holdings and Corpay are similar in size: $4.26bn and $4.53bn of revenue in their latest fiscal years. Affirm Holdings grew faster (32.2% against 13.9%). Affirm Holdings kept more of each dollar of sales as profit: a net margin of 45.3% against 23.6%.
| Latest fiscal year | Affirm HoldingsAFRM, 2026 | CorpayCPAY, 2025 |
|---|---|---|
| Revenue | $4.26bn | $4.53bn |
| Revenue growth | 32.2% | 13.9% |
| Net income | $1.93bn | $1.07bn |
| Operating margin | 9.8% | — |
| Net margin | 45.3% | 23.6% |
| Return on equity | 45.1% | 30.5% |
| Free cash flow | $993m | $1.30bn |
| Cash | $1.63bn | $2.41bn |
| Total debt | $9.85bn | $10.00bn |
| Debt to equity | 179.6% | — |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | $0 | $783m |
| Employees | 2,358 | 11,200 |
| Market value | $25.26bn | $26.76bn |
| Price vs our value range | — | Below our value range |
| Moat score | 22 (Weak) | 80 (Strong) |
| Insider trades, 12 months | 0 buys, 19 sales | 1 buys, 45 sales |