Affirm vs Western Union
Affirm reported revenue of $4.3 billion in fiscal 2026, about the same as Western Union's $4.1 billion in fiscal 2025. Affirm's revenue grew 32.1% in its latest year, and Western Union's fell 3.8%. Affirm had an operating margin of 9.8%, against 18.7% at Western Union. Free cash flow was $993 million at Affirm and $505 million at Western Union. Their fiscal years end in different months (June 30 and December 31), so the periods don't line up exactly.
Side by side
| Affirm | Western Union | |
|---|---|---|
| Latest fiscal year | FY2026, Jun 30, 2026 | FY2025, Dec 31, 2025 |
| Revenue | $4.3B | $4.1B |
| Revenue growth | 32.1% | −3.8% |
| Revenue growth a year, last 5 years | 37.4% | −3.5% |
| Gross margin | — | 37.0% |
| Operating margin | 9.8% | 18.7% |
| Net margin | 45.3% | 12.3% |
| Free cash flow | $993M | $505M |
| Free cash flow margin | 23.3% | 12.5% |
| Return on capital | — | 24.0% |
| Net debt to EBITDA | — | 1.8x |
| Dividends and buybacks | $0M | $544M |
| Change in diluted share count | 2.3% | −4.0% |
| Last close | $69.49 | $6.21 |
| P/E at the last close | 12.6× | 5.1× |
| Insider trades, last 12 months | sold $89.4 million | bought $89,500, sold $240,863 |
| Piotroski F-score | — | — |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
AffirmWestern Union
Operating margin
Percent of revenue
AffirmWestern Union
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
AffirmWestern Union
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Affirm and Western Union pages.