AFRM Rule of 40
Rule of 40 combines revenue growth and free cash flow margin in one quarterly score.
63
Q1
78
Q2
56
Q3
36
FY2025
Q4
68
Q1
40
Q2
64
Q3
53
FY2026
Q4
40
0
Mix
Other AFRM Charts
More quarter-by-quarter fundamentals for Affirm Holdings, Inc.
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Revenue
EPS
Free Cash Flow
FCF Margin
P/E Ratio
Cumulative FCF
Shares Outstanding
Total Assets
Total Debt
Fintech Comparison
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SOFI · Rule of 40
2026 Q2 · latest
n/mNot meaningful yet
HOOD · Rule of 40
2026 Q2 · latest
85.5✓ Passing
Growth +32.3%
FCF +53.2%
n/m
Q3
n/m
2024
Q4
119
Q1
n/m
Q2
n/m
Q3
-47
2025
Q4
n/m
Q1
85
2026
Q2
40
0
Mix
UPST · Rule of 40
2026 Q2 · latest
3.7✗ Below 40
Growth +41.7%
FCF −38.0%
n/m
Q3
137
2024
Q4
58
Q1
46
Q2
-27
Q3
70
2025
Q4
0
Q1
4
2026
Q2
40
0
Mix
Latest Rule of 40: +53 (Q4 FY2026); +17 pts YoY.
Across the 8 quarters from Q1 FY2025 to Q4 FY2026, Rule of 40 ranged from +36 in Q4 FY2025 to +78 in Q2 FY2025.