Affirm
AFRM · Transaction & Payment Processing Services
$70.08
3.2%Euronet Worldwide
EEFT · Transaction & Payment Processing Services
$65.59
2.2%The short version
- Affirm is the larger business, with $4.3B of revenue in fiscal 2026 against $4.2B for Euronet Worldwide.
- Affirm grew revenue faster (32.2%, against 6.4%).
- Euronet Worldwide kept more of each dollar of sales as operating profit (12.5% operating margin, against 9.8% operating margin).
- Affirm turned more of its sales into free cash flow (23.3% FCF margin, against 10.2% FCF margin).
- Investors pay more for each dollar of Affirm’s earnings: a P/E of 12.7x against 10.4x for Euronet Worldwide.
| Latest fiscal year | AFRM · FY26 | EEFT · FY25 |
|---|---|---|
| Size | ||
| Market cap | $24.4B | $3.0B |
| Revenue | $4.3B | $4.2B |
| Free cash flow | $993M | $434M |
| Net income | $1.9B | $310M |
| Growth | ||
| Revenue growth | 32.2% | 6.4% |
| 5-year growth | 37.4% | 11.3% |
| Share count change | 2.3% | −4.8% |
| Profitability | ||
| Gross margin | — | — |
| Operating margin | 9.8% | 12.5% |
| Net margin | 45.3% | 7.3% |
| FCF margin | 23.3% | 10.2% |
| Return on capital | — | 29.9% |
| Return on equity | 45.1% | 24.4% |
| Balance sheet | ||
| Net debt | — | $32.2M |
| Net debt / EBITDA | — | 0.1x |
| Dividends and buybacks | $0.0M | $668M |
| Valuation & quality | ||
| P/E | 12.7x | 10.4x |
| Piotroski F-score | — | 7 |
FY17
AFRM —
EEFT $2.3B
FY18
AFRM —
EEFT $2.5B
FY19
AFRM $264M
EEFT $2.8B
FY20
AFRM $510M
EEFT $2.5B
FY21
AFRM $871M
EEFT $3.0B
FY22
AFRM $1.3B
EEFT $3.4B
FY23
AFRM $1.6B
EEFT $3.7B
FY24
AFRM $2.3B
EEFT $4.0B
FY25
AFRM $3.2B
EEFT $4.2B
FY26
AFRM $4.3B
EEFT —
AFRM
EEFT
FY17
AFRM —
EEFT 11.8%
FY18
AFRM —
EEFT 14.1%
FY19
AFRM −48.2%
EEFT 17.3%
FY20
AFRM −21.2%
EEFT 1.9%
FY21
AFRM −44.1%
EEFT 6.1%
FY22
AFRM −64.2%
EEFT 11.5%
FY23
AFRM −75.6%
EEFT 11.7%
FY24
AFRM −26.5%
EEFT 12.6%
FY25
AFRM −2.7%
EEFT 12.5%
FY26
AFRM 9.8%
EEFT —
AFRM
EEFT
FY17
AFRM —
EEFT $189M
FY18
AFRM —
EEFT $285M
FY19
AFRM −$107M
EEFT $373M
FY20
AFRM −$92.3M
EEFT $156M
FY21
AFRM −$213M
EEFT $314M
FY22
AFRM −$248M
EEFT $644M
FY23
AFRM −$109M
EEFT $549M
FY24
AFRM $291M
EEFT $616M
FY25
AFRM $602M
EEFT $434M
FY26
AFRM $993M
EEFT —
AFRM
EEFT
FY17
AFRM —
EEFT 15.3%
FY18
AFRM —
EEFT 25.5%
FY19
AFRM —
EEFT 32.8%
FY20
AFRM —
EEFT 2.1%
FY21
AFRM —
EEFT 9.0%
FY22
AFRM —
EEFT 17.6%
FY23
AFRM —
EEFT 17.6%
FY24
AFRM —
EEFT 24.2%
FY25
AFRM —
EEFT 29.9%
FY26
AFRM —
EEFT —
AFRM
EEFT
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Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.