Affirm Holdings vs Western Union
Affirm Holdings and Western Union are similar in size: $4.26bn and $4.05bn of revenue in their latest fiscal years. Affirm Holdings grew faster (32.2% against -3.8%). Affirm Holdings kept more of each dollar of sales as profit: a net margin of 45.3% against 12.3%. Affirm Holdings carries less debt relative to equity (179.6% against 301.2%).
| Latest fiscal year | Affirm HoldingsAFRM, 2026 | Western UnionWU, 2025 |
|---|---|---|
| Revenue | $4.26bn | $4.05bn |
| Revenue growth | 32.2% | -3.8% |
| Net income | $1.93bn | $500m |
| Operating margin | 9.8% | 18.7% |
| Net margin | 45.3% | 12.3% |
| Return on equity | 45.1% | 51.9% |
| Free cash flow | $993m | $505m |
| Cash | $1.63bn | $1.23bn |
| Total debt | $9.85bn | $2.88bn |
| Debt to equity | 179.6% | 301.2% |
| Dividend per share | — | $0.94 |
| Dividend yield | — | 15.4% |
| Share buybacks | $0 | $235m |
| Employees | 2,358 | — |
| Market value | $25.26bn | $1.95bn |
| Price vs our value range | — | Below our value range |
| Moat score | 22 (Weak) | 69 (Moderate) |
| Insider trades, 12 months | 0 buys, 19 sales | 1 buys, 4 sales |