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  • Revenue by Segments
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AFRM Revenue by Segments

Revenue by Segments

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In Q4'25, AFRM's total revenue reached $1.21B USD, driven primarily by interest income at $419M USD, which accounted for the largest share, followed by merchant network revenue at $239M USD and gain on sales of loans at $117M USD. Card network revenue contributed $67M USD, while servicing income added $34M USD, highlighting interest income's dominant role in the segment distribution. This latest data point reflects a robust quarterly performance amid ongoing portfolio growth. From Q1'23 to Q4'25, AFRM's revenue segments exhibited strong overall growth, with total revenue expanding from $541M USD to $1.21B USD, led by a consistent upward trend in interest income (from $137M USD to $419M USD) and merchant network revenue (from $113M USD to $239M USD). Gain on sales of loans showed volatility with peaks in Q2'25 at $125M USD but remained a key contributor, while card network and servicing income grew steadily at 151% and 58% respectively over the period. The stacked bar chart underscores interest income as the dominant segment throughout, with minor dips in Q3'24 and Q3'25 indicating seasonal or operational fluctuations, yet the trajectory points to sustained expansion in lending-related activities.