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Side-by-side financial comparison of Affirm Holdings, Inc. (AFRM) and UNISYS CORP (UIS). Click either name above to swap in a different company.
UNISYS CORP is the larger business by last-quarter revenue ($574.5M vs $401.4M, roughly 1.4× Affirm Holdings, Inc.). Affirm Holdings, Inc. runs the higher net margin — 32.3% vs 3.3%, a 29.0% gap on every dollar of revenue. On growth, Affirm Holdings, Inc. posted the faster year-over-year revenue change (32.5% vs 5.3%). Affirm Holdings, Inc. produced more free cash flow last quarter ($118.0M vs $97.3M). Over the past eight quarters, Affirm Holdings, Inc.'s revenue compounded faster (43.5% CAGR vs 8.5%).
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.
Unisys Corporation is a technology company founded in 1986 and headquartered in Blue Bell, Pennsylvania. The company provides cloud, AI, digital workplace, logistics, and enterprise computing services.
AFRM vs UIS — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $401.4M | $574.5M |
| Net Profit | $129.6M | $18.7M |
| Gross Margin | — | 33.9% |
| Operating Margin | 29.3% | 13.3% |
| Net Margin | 32.3% | 3.3% |
| Revenue YoY | 32.5% | 5.3% |
| Net Profit YoY | 61.3% | -37.7% |
| EPS (diluted) | $0.37 | $0.24 |
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 | $574.5M | ||
| Q3 25 | $320.5M | $460.2M | ||
| Q2 25 | $306.6M | $483.3M | ||
| Q1 25 | $272.5M | $432.1M | ||
| Q4 24 | $303.0M | $545.4M | ||
| Q3 24 | $231.8M | $497.0M | ||
| Q2 24 | $224.0M | $478.2M | ||
| Q1 24 | $195.0M | $487.8M |
| Q4 25 | $129.6M | $18.7M | ||
| Q3 25 | $80.7M | $-308.9M | ||
| Q2 25 | $69.2M | $-20.1M | ||
| Q1 25 | $2.8M | $-29.5M | ||
| Q4 24 | $80.4M | $30.0M | ||
| Q3 24 | $-100.2M | $-61.9M | ||
| Q2 24 | $-45.1M | $-12.0M | ||
| Q1 24 | $-133.9M | $-149.5M |
| Q4 25 | — | 33.9% | ||
| Q3 25 | — | 25.5% | ||
| Q2 25 | — | 26.9% | ||
| Q1 25 | — | 24.9% | ||
| Q4 24 | — | 32.1% | ||
| Q3 24 | — | 29.2% | ||
| Q2 24 | — | 27.2% | ||
| Q1 24 | — | 27.9% |
| Q4 25 | 29.3% | 13.3% | ||
| Q3 25 | 19.9% | -7.3% | ||
| Q2 25 | 18.9% | 6.3% | ||
| Q1 25 | -3.1% | 1.2% | ||
| Q4 24 | -1.4% | 8.9% | ||
| Q3 24 | -57.2% | 1.5% | ||
| Q2 24 | -32.8% | 4.9% | ||
| Q1 24 | -82.5% | 3.6% |
| Q4 25 | 32.3% | 3.3% | ||
| Q3 25 | 25.2% | -67.1% | ||
| Q2 25 | 22.6% | -4.2% | ||
| Q1 25 | 1.0% | -6.8% | ||
| Q4 24 | 26.5% | 5.5% | ||
| Q3 24 | -43.2% | -12.5% | ||
| Q2 24 | -20.2% | -2.5% | ||
| Q1 24 | -68.7% | -30.6% |
| Q4 25 | $0.37 | $0.24 | ||
| Q3 25 | $0.23 | $-4.33 | ||
| Q2 25 | $0.22 | $-0.28 | ||
| Q1 25 | $0.01 | $-0.42 | ||
| Q4 24 | $0.23 | $0.45 | ||
| Q3 24 | $-0.31 | $-0.89 | ||
| Q2 24 | $-0.13 | $-0.17 | ||
| Q1 24 | $-0.43 | $-2.18 |
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 | $413.9M |
| Total DebtLower is stronger | $9.0B | $729.0M |
| Stockholders' EquityBook value | $3.5B | $-282.6M |
| Total Assets | $13.0B | $1.8B |
| Debt / EquityLower = less leverage | 2.54× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.5B | $413.9M | ||
| Q3 25 | $1.4B | $321.9M | ||
| Q2 25 | $1.4B | $300.8M | ||
| Q1 25 | $1.4B | $393.1M | ||
| Q4 24 | $1.2B | $376.5M | ||
| Q3 24 | $1.0B | $373.7M | ||
| Q2 24 | $1.0B | $344.9M | ||
| Q1 24 | $1.3B | $382.8M |
| Q4 25 | $9.0B | $729.0M | ||
| Q3 25 | $7.7B | $723.2M | ||
| Q2 25 | $7.6B | $692.7M | ||
| Q1 25 | $7.1B | $488.3M | ||
| Q4 24 | $7.3B | $488.2M | ||
| Q3 24 | — | $488.5M | ||
| Q2 24 | $1.8B | $489.2M | ||
| Q1 24 | — | $488.4M |
| Q4 25 | $3.5B | $-282.6M | ||
| Q3 25 | $3.3B | $-300.2M | ||
| Q2 25 | $3.1B | $-221.5M | ||
| Q1 25 | $2.9B | $-267.8M | ||
| Q4 24 | $2.8B | $-283.4M | ||
| Q3 24 | $2.8B | $-202.2M | ||
| Q2 24 | $2.7B | $-174.1M | ||
| Q1 24 | $2.6B | $-158.6M |
| Q4 25 | $13.0B | $1.8B | ||
| Q3 25 | $11.5B | $1.7B | ||
| Q2 25 | $11.2B | $1.8B | ||
| Q1 25 | $10.4B | $1.8B | ||
| Q4 24 | $10.5B | $1.9B | ||
| Q3 24 | $10.1B | $1.9B | ||
| Q2 24 | $9.5B | $1.9B | ||
| Q1 24 | $9.2B | $1.9B |
| 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 | $104.9M |
| Free Cash FlowOCF − Capex | $118.0M | $97.3M |
| FCF MarginFCF / Revenue | 29.4% | 16.9% |
| Capex IntensityCapex / Revenue | 13.9% | 1.3% |
| Cash ConversionOCF / Net Profit | 1.34× | 5.61× |
| TTM Free Cash FlowTrailing 4 quarters | $619.1M | $-170.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $173.7M | $104.9M | ||
| Q3 25 | $374.6M | $38.0M | ||
| Q2 25 | $74.6M | $-316.2M | ||
| Q1 25 | $210.4M | $33.3M | ||
| Q4 24 | $312.0M | $76.6M | ||
| Q3 24 | $196.9M | $32.0M | ||
| Q2 24 | $68.8M | $2.7M | ||
| Q1 24 | $208.2M | $23.8M |
| Q4 25 | $118.0M | $97.3M | ||
| Q3 25 | $320.2M | $32.4M | ||
| Q2 25 | $23.5M | $-324.1M | ||
| Q1 25 | $157.4M | $24.4M | ||
| Q4 24 | $268.1M | $66.5M | ||
| Q3 24 | $152.7M | $25.2M | ||
| Q2 24 | $30.5M | $-6.0M | ||
| Q1 24 | $161.7M | $17.1M |
| Q4 25 | 29.4% | 16.9% | ||
| Q3 25 | 99.9% | 7.0% | ||
| Q2 25 | 7.7% | -67.1% | ||
| Q1 25 | 57.7% | 5.6% | ||
| Q4 24 | 88.5% | 12.2% | ||
| Q3 24 | 65.9% | 5.1% | ||
| Q2 24 | 13.6% | -1.3% | ||
| Q1 24 | 82.9% | 3.5% |
| Q4 25 | 13.9% | 1.3% | ||
| Q3 25 | 17.0% | 1.2% | ||
| Q2 25 | 16.7% | 1.6% | ||
| Q1 25 | 19.5% | 2.1% | ||
| Q4 24 | 14.5% | 1.9% | ||
| Q3 24 | 19.0% | 1.4% | ||
| Q2 24 | 17.1% | 1.8% | ||
| Q1 24 | 23.8% | 1.4% |
| Q4 25 | 1.34× | 5.61× | ||
| Q3 25 | 4.64× | — | ||
| Q2 25 | 1.08× | — | ||
| Q1 25 | 75.03× | — | ||
| Q4 24 | 3.88× | 2.55× | ||
| 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% |
UIS
Segment breakdown not available.
