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Side-by-side financial comparison of Affirm Holdings, Inc. (AFRM) and OXFORD INDUSTRIES INC (OXM). Click either name above to swap in a different company.
Affirm Holdings, Inc. is the larger business by last-quarter revenue ($401.4M vs $307.3M, roughly 1.3× OXFORD INDUSTRIES INC). Affirm Holdings, Inc. runs the higher net margin — 32.3% vs -20.7%, a 53.0% gap on every dollar of revenue. On growth, Affirm Holdings, Inc. posted the faster year-over-year revenue change (32.5% vs -0.2%). Affirm Holdings, Inc. produced more free cash flow last quarter ($118.0M vs $-47.9M). Over the past eight quarters, Affirm Holdings, Inc.'s revenue compounded faster (43.5% CAGR vs -3.0%).
Affirm Holdings, Inc. is an American financial technology company and a point-of-sale lender. Founded in 2012 by PayPal co-founder Max Levchin, it is the largest U.S. based buy now, pay later (BNPL) financier. As of 2025, Affirm reports nearly 26 million users and processing $37 billion in annual payments.
Oxford Industries, Inc. is a publicly traded clothing company in the United States that specializes in high-end clothing and apparel. The company carries many major labels, including Tommy Bahama, Lilly Pulitzer, Johnny Was and Southern Tide.
AFRM vs OXM — Head-to-Head
Income Statement — Q2 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $401.4M | $307.3M |
| Net Profit | $129.6M | $-63.7M |
| Gross Margin | — | 60.3% |
| Operating Margin | 29.3% | -27.7% |
| Net Margin | 32.3% | -20.7% |
| Revenue YoY | 32.5% | -0.2% |
| Net Profit YoY | 61.3% | -1517.6% |
| EPS (diluted) | $0.37 | $-4.28 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $401.4M | $307.3M | ||
| Q3 25 | $320.5M | $403.1M | ||
| Q2 25 | $306.6M | $392.9M | ||
| Q1 25 | $272.5M | — | ||
| Q4 24 | $303.0M | $308.0M | ||
| Q3 24 | $231.8M | $419.9M | ||
| Q2 24 | $224.0M | $398.2M | ||
| Q1 24 | $195.0M | $404.4M |
| Q4 25 | $129.6M | $-63.7M | ||
| Q3 25 | $80.7M | $16.7M | ||
| Q2 25 | $69.2M | $26.2M | ||
| Q1 25 | $2.8M | — | ||
| Q4 24 | $80.4M | $-3.9M | ||
| Q3 24 | $-100.2M | $40.6M | ||
| Q2 24 | $-45.1M | $38.4M | ||
| Q1 24 | $-133.9M | $-60.1M |
| Q4 25 | — | 60.3% | ||
| Q3 25 | — | 61.4% | ||
| Q2 25 | — | 64.2% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 63.1% | ||
| Q3 24 | — | 63.1% | ||
| Q2 24 | — | 64.9% | ||
| Q1 24 | — | 60.9% |
| Q4 25 | 29.3% | -27.7% | ||
| Q3 25 | 19.9% | 6.3% | ||
| Q2 25 | 18.9% | 9.2% | ||
| Q1 25 | -3.1% | — | ||
| Q4 24 | -1.4% | -2.0% | ||
| Q3 24 | -57.2% | 12.5% | ||
| Q2 24 | -32.8% | 13.2% | ||
| Q1 24 | -82.5% | -20.1% |
| Q4 25 | 32.3% | -20.7% | ||
| Q3 25 | 25.2% | 4.1% | ||
| Q2 25 | 22.6% | 6.7% | ||
| Q1 25 | 1.0% | — | ||
| Q4 24 | 26.5% | -1.3% | ||
| Q3 24 | -43.2% | 9.7% | ||
| Q2 24 | -20.2% | 9.6% | ||
| Q1 24 | -68.7% | -14.9% |
| Q4 25 | $0.37 | $-4.28 | ||
| Q3 25 | $0.23 | $1.12 | ||
| Q2 25 | $0.22 | $1.70 | ||
| Q1 25 | $0.01 | — | ||
| Q4 24 | $0.23 | $-0.25 | ||
| Q3 24 | $-0.31 | $2.57 | ||
| Q2 24 | $-0.13 | $2.42 | ||
| Q1 24 | $-0.43 | $-3.72 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.5B | $8.0M |
| Total DebtLower is stronger | $9.0B | — |
| Stockholders' EquityBook value | $3.5B | $528.0M |
| Total Assets | $13.0B | $1.3B |
| Debt / EquityLower = less leverage | 2.54× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.5B | $8.0M | ||
| Q3 25 | $1.4B | $6.9M | ||
| Q2 25 | $1.4B | $8.2M | ||
| Q1 25 | $1.4B | — | ||
| Q4 24 | $1.2B | $7.0M | ||
| Q3 24 | $1.0B | $18.4M | ||
| Q2 24 | $1.0B | $7.7M | ||
| Q1 24 | $1.3B | $7.6M |
| Q4 25 | $9.0B | — | ||
| Q3 25 | $7.7B | — | ||
| Q2 25 | $7.6B | — | ||
| Q1 25 | $7.1B | — | ||
| Q4 24 | $7.3B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $1.8B | — | ||
| Q1 24 | — | $29.0M |
| Q4 25 | $3.5B | $528.0M | ||
| Q3 25 | $3.3B | $597.1M | ||
| Q2 25 | $3.1B | $592.4M | ||
| Q1 25 | $2.9B | — | ||
| Q4 24 | $2.8B | $612.2M | ||
| Q3 24 | $2.8B | $621.6M | ||
| Q2 24 | $2.7B | $592.9M | ||
| Q1 24 | $2.6B | $560.9M |
| Q4 25 | $13.0B | $1.3B | ||
| Q3 25 | $11.5B | $1.3B | ||
| Q2 25 | $11.2B | $1.3B | ||
| Q1 25 | $10.4B | — | ||
| Q4 24 | $10.5B | $1.2B | ||
| Q3 24 | $10.1B | $1.2B | ||
| Q2 24 | $9.5B | $1.2B | ||
| Q1 24 | $9.2B | $1.1B |
| Q4 25 | 2.54× | — | ||
| Q3 25 | 2.35× | — | ||
| Q2 25 | 2.48× | — | ||
| Q1 25 | 2.49× | — | ||
| Q4 24 | 2.62× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 0.67× | — | ||
| Q1 24 | — | 0.05× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $173.7M | $-9.1M |
| Free Cash FlowOCF − Capex | $118.0M | $-47.9M |
| FCF MarginFCF / Revenue | 29.4% | -15.6% |
| Capex IntensityCapex / Revenue | 13.9% | 12.6% |
| Cash ConversionOCF / Net Profit | 1.34× | — |
| TTM Free Cash FlowTrailing 4 quarters | $619.1M | $-79.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $173.7M | $-9.1M | ||
| Q3 25 | $374.6M | $83.5M | ||
| Q2 25 | $74.6M | $-3.9M | ||
| Q1 25 | $210.4M | — | ||
| Q4 24 | $312.0M | $-18.2M | ||
| Q3 24 | $196.9M | $88.8M | ||
| Q2 24 | $68.8M | $32.9M | ||
| Q1 24 | $208.2M | $74.9M |
| Q4 25 | $118.0M | $-47.9M | ||
| Q3 25 | $320.2M | $52.3M | ||
| Q2 25 | $23.5M | $-27.4M | ||
| Q1 25 | $157.4M | — | ||
| Q4 24 | $268.1M | $-56.9M | ||
| Q3 24 | $152.7M | $47.2M | ||
| Q2 24 | $30.5M | $21.0M | ||
| Q1 24 | $161.7M | $55.3M |
| Q4 25 | 29.4% | -15.6% | ||
| Q3 25 | 99.9% | 13.0% | ||
| Q2 25 | 7.7% | -7.0% | ||
| Q1 25 | 57.7% | — | ||
| Q4 24 | 88.5% | -18.5% | ||
| Q3 24 | 65.9% | 11.2% | ||
| Q2 24 | 13.6% | 5.3% | ||
| Q1 24 | 82.9% | 13.7% |
| Q4 25 | 13.9% | 12.6% | ||
| Q3 25 | 17.0% | 7.7% | ||
| Q2 25 | 16.7% | 6.0% | ||
| Q1 25 | 19.5% | — | ||
| Q4 24 | 14.5% | 12.6% | ||
| Q3 24 | 19.0% | 9.9% | ||
| Q2 24 | 17.1% | 3.0% | ||
| Q1 24 | 23.8% | 4.8% |
| Q4 25 | 1.34× | — | ||
| Q3 25 | 4.64× | 5.00× | ||
| Q2 25 | 1.08× | -0.15× | ||
| Q1 25 | 75.03× | — | ||
| Q4 24 | 3.88× | — | ||
| Q3 24 | — | 2.19× | ||
| Q2 24 | — | 0.86× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AFRM
| Merchant Network | $328.4M | 82% |
| Virtual Card Network | $73.0M | 18% |
| Commercial Agreement Amazon | $1.9M | 0% |
OXM
| Sales Channel Retail | $162.9M | 53% |
| Sales Channel Wholesale | $61.3M | 20% |
| Johnny Was | $45.4M | 15% |
| Sales Channel Food And Beverage | $29.3M | 10% |
| Other Foreign Countries | $9.0M | 3% |
