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Side-by-side financial comparison of Affirm Holdings, Inc. (AFRM) and TTEC Holdings, Inc. (TTEC). Click either name above to swap in a different company.
TTEC Holdings, Inc. is the larger business by last-quarter revenue ($570.0M vs $401.4M, roughly 1.4× Affirm Holdings, Inc.). Affirm Holdings, Inc. runs the higher net margin — 32.3% vs -29.9%, a 62.2% gap on every dollar of revenue. On growth, Affirm Holdings, Inc. posted the faster year-over-year revenue change (32.5% vs 0.4%). Affirm Holdings, Inc. produced more free cash flow last quarter ($118.0M vs $-9.2M). Over the past eight quarters, Affirm Holdings, Inc.'s revenue compounded faster (43.5% CAGR vs -0.6%).
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.
TTEC Holdings, Inc., is an American customer experience technology and services company with its primary place of business in Austin, Texas.
AFRM vs TTEC — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $401.4M | $570.0M |
| Net Profit | $129.6M | $-170.5M |
| Gross Margin | — | — |
| Operating Margin | 29.3% | -30.3% |
| Net Margin | 32.3% | -29.9% |
| Revenue YoY | 32.5% | 0.4% |
| Net Profit YoY | 61.3% | -3791.9% |
| EPS (diluted) | $0.37 | $-3.57 |
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 | $570.0M | ||
| Q3 25 | $320.5M | $519.1M | ||
| Q2 25 | $306.6M | $513.6M | ||
| Q1 25 | $272.5M | $534.2M | ||
| Q4 24 | $303.0M | $567.4M | ||
| Q3 24 | $231.8M | $529.4M | ||
| Q2 24 | $224.0M | $534.1M | ||
| Q1 24 | $195.0M | $576.6M |
| Q4 25 | $129.6M | $-170.5M | ||
| Q3 25 | $80.7M | $-13.4M | ||
| Q2 25 | $69.2M | $-8.0M | ||
| Q1 25 | $2.8M | $1.4M | ||
| Q4 24 | $80.4M | $4.6M | ||
| Q3 24 | $-100.2M | $-21.1M | ||
| Q2 24 | $-45.1M | $-299.5M | ||
| Q1 24 | $-133.9M | $-2.3M |
| Q4 25 | 29.3% | -30.3% | ||
| Q3 25 | 19.9% | 2.4% | ||
| Q2 25 | 18.9% | 3.7% | ||
| Q1 25 | -3.1% | 4.5% | ||
| Q4 24 | -1.4% | 2.7% | ||
| Q3 24 | -57.2% | 2.4% | ||
| Q2 24 | -32.8% | -42.0% | ||
| Q1 24 | -82.5% | 3.9% |
| Q4 25 | 32.3% | -29.9% | ||
| Q3 25 | 25.2% | -2.6% | ||
| Q2 25 | 22.6% | -1.6% | ||
| Q1 25 | 1.0% | 0.3% | ||
| Q4 24 | 26.5% | 0.8% | ||
| Q3 24 | -43.2% | -4.0% | ||
| Q2 24 | -20.2% | -56.1% | ||
| Q1 24 | -68.7% | -0.4% |
| Q4 25 | $0.37 | $-3.57 | ||
| Q3 25 | $0.23 | $-0.28 | ||
| Q2 25 | $0.22 | $-0.17 | ||
| Q1 25 | $0.01 | $0.03 | ||
| Q4 24 | $0.23 | $0.05 | ||
| Q3 24 | $-0.31 | $-0.44 | ||
| Q2 24 | $-0.13 | $-6.30 | ||
| Q1 24 | $-0.43 | $-0.05 |
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 | $82.9M |
| Total DebtLower is stronger | $9.0B | — |
| Stockholders' EquityBook value | $3.5B | $112.9M |
| Total Assets | $13.0B | $1.5B |
| Debt / EquityLower = less leverage | 2.54× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.5B | $82.9M | ||
| Q3 25 | $1.4B | $73.5M | ||
| Q2 25 | $1.4B | $82.6M | ||
| Q1 25 | $1.4B | $85.1M | ||
| Q4 24 | $1.2B | $85.0M | ||
| Q3 24 | $1.0B | $96.9M | ||
| Q2 24 | $1.0B | $79.8M | ||
| Q1 24 | $1.3B | $91.5M |
| 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 | — | — |
| Q4 25 | $3.5B | $112.9M | ||
| Q3 25 | $3.3B | $280.8M | ||
| Q2 25 | $3.1B | $295.2M | ||
| Q1 25 | $2.9B | $281.5M | ||
| Q4 24 | $2.8B | $268.1M | ||
| Q3 24 | $2.8B | $295.1M | ||
| Q2 24 | $2.7B | $304.2M | ||
| Q1 24 | $2.6B | $612.4M |
| Q4 25 | $13.0B | $1.5B | ||
| Q3 25 | $11.5B | $1.7B | ||
| Q2 25 | $11.2B | $1.7B | ||
| Q1 25 | $10.4B | $1.7B | ||
| Q4 24 | $10.5B | $1.8B | ||
| Q3 24 | $10.1B | $1.8B | ||
| Q2 24 | $9.5B | $1.8B | ||
| Q1 24 | $9.2B | $2.1B |
| 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 | — | — |
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 | $2.6M |
| Free Cash FlowOCF − Capex | $118.0M | $-9.2M |
| FCF MarginFCF / Revenue | 29.4% | -1.6% |
| Capex IntensityCapex / Revenue | 13.9% | 2.1% |
| Cash ConversionOCF / Net Profit | 1.34× | — |
| TTM Free Cash FlowTrailing 4 quarters | $619.1M | $83.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $173.7M | $2.6M | ||
| Q3 25 | $374.6M | $4.2M | ||
| Q2 25 | $74.6M | $92.7M | ||
| Q1 25 | $210.4M | $21.6M | ||
| Q4 24 | $312.0M | $-1.1M | ||
| Q3 24 | $196.9M | $-91.4M | ||
| Q2 24 | $68.8M | $49.3M | ||
| Q1 24 | $208.2M | $-15.6M |
| Q4 25 | $118.0M | $-9.2M | ||
| Q3 25 | $320.2M | $-9.6M | ||
| Q2 25 | $23.5M | $85.5M | ||
| Q1 25 | $157.4M | $16.2M | ||
| Q4 24 | $268.1M | $-9.8M | ||
| Q3 24 | $152.7M | $-100.2M | ||
| Q2 24 | $30.5M | $35.1M | ||
| Q1 24 | $161.7M | $-29.1M |
| Q4 25 | 29.4% | -1.6% | ||
| Q3 25 | 99.9% | -1.8% | ||
| Q2 25 | 7.7% | 16.7% | ||
| Q1 25 | 57.7% | 3.0% | ||
| Q4 24 | 88.5% | -1.7% | ||
| Q3 24 | 65.9% | -18.9% | ||
| Q2 24 | 13.6% | 6.6% | ||
| Q1 24 | 82.9% | -5.0% |
| Q4 25 | 13.9% | 2.1% | ||
| Q3 25 | 17.0% | 2.7% | ||
| Q2 25 | 16.7% | 1.4% | ||
| Q1 25 | 19.5% | 1.0% | ||
| Q4 24 | 14.5% | 1.5% | ||
| Q3 24 | 19.0% | 1.7% | ||
| Q2 24 | 17.1% | 2.7% | ||
| Q1 24 | 23.8% | 2.3% |
| Q4 25 | 1.34× | — | ||
| Q3 25 | 4.64× | — | ||
| Q2 25 | 1.08× | — | ||
| Q1 25 | 75.03× | 15.60× | ||
| Q4 24 | 3.88× | -0.24× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| 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% |
TTEC
| Ttec Engage | $444.5M | 78% |
| Ttec Digital | $125.5M | 22% |
