AFRM vs BFH
Affirm Holdings, Inc. and Bread Financial Holdings, Inc., side by side — 8 fiscal years reported in USD, drawn from SEC filings.
At a glance
Most recent reported year
| Metric | AFRM | BFH |
|---|---|---|
| Revenue | $4.3B | $3.8B |
| Net income | $1.9B | $518.0M |
| Gross margin | — | — |
| Net margin | 45.3% | 13.5% |
| Return on equity | 45.1% | 16.2% |
| Diluted EPS | $5.53 | $10.89 |
| Dividend / share | — | $0.86 |
| Payout ratio | — | 7.7% |
| Free cash flow | $992.6M | — |
| Equity | $5.5B | $3.3B |
| Net debt / equity | 1.49× | 0.21× |
| Current ratio | — | — |
| Revenue CAGR 5y | 37.4% | 3.1% |
| Profit CAGR 5y | — | 19.3% |
AFRM and BFH book revenue within 15% of each other, and keeps more of each dollar of revenue as profit (45.3% against 13.5%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner.
Revenue by year
8 years side by side
| Fiscal year | AFRM | BFH |
|---|---|---|
| FY2025 | $4.3B | $3.8B |
| FY2024 | $3.2B | $3.8B |
| FY2023 | $2.3B | $4.3B |
| FY2022 | $1.6B | $3.8B |
| FY2021 | $1.3B | $3.3B |
| FY2020 | $870.5M | $3.3B |
| FY2019 | $509.5M | $4.0B |
| FY2018 | $264.4M | $5.7B |
Net income by year
Bottom line
| Fiscal year | AFRM | BFH |
|---|---|---|
| FY2025 | $1.9B | $518.0M |
| FY2024 | $52.2M | $277.0M |
| FY2023 | $-517.8M | $718.0M |
| FY2022 | $-985.3M | $223.0M |
| FY2021 | $-707.4M | $801.0M |
| FY2020 | $-441.0M | $214.0M |
| FY2019 | $-112.6M | $278.0M |
| FY2018 | $-120.5M | $963.1M |