Affirm Holdings vs WEX
Affirm Holdings is the larger business, with $4.26bn of revenue in fiscal 2026 against $2.66bn for WEX (1.6 times as much). Affirm Holdings grew faster (32.2% against 1.2%). Affirm Holdings kept more of each dollar of sales as profit: a net margin of 45.3% against 11.4%.
| Latest fiscal year | Affirm HoldingsAFRM, 2026 | WEXWEX, 2025 |
|---|---|---|
| Revenue | $4.26bn | $2.66bn |
| Revenue growth | 32.2% | 1.2% |
| Net income | $1.93bn | $304m |
| Operating margin | 9.8% | — |
| Net margin | 45.3% | 11.4% |
| Return on equity | 45.1% | 22.3% |
| Free cash flow | $993m | $314m |
| Cash | $1.63bn | $906m |
| Total debt | $9.85bn | $4.91bn |
| Debt to equity | 179.6% | — |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | $0 | $800m |
| Employees | 2,358 | 6,600 |
| Market value | $25.26bn | $6.03bn |
| Price vs our value range | — | Above our value range |
| Moat score | 22 (Weak) | 56 (Moderate) |
| Insider trades, 12 months | 0 buys, 19 sales | 2 buys, 40 sales |