AFRM vs. PYPL

Last updated Apr 1, 2026

Compare and contrast key facts about Affirm Holdings, Inc. (AFRM) and PayPal Holdings, Inc. (PYPL).

Performance

AFRM vs. PYPL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Affirm Holdings, Inc. (AFRM) and PayPal Holdings, Inc. (PYPL). The values are adjusted to include any dividend payments, if applicable.

AFRM vs. PYPL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
AFRM Affirm Holdings, Inc.	-38.44%	22.22%	23.93%	408.17%	-90.38%	3.41%
PYPL PayPal Holdings, Inc.	-22.29%	-31.44%	38.98%	-13.77%	-62.23%	-23.00%

Fundamentals

Market Cap AFRM : $16.01B PYPL : $42.47B
EPS AFRM : $0.81 PYPL : $5.42
PE Ratio AFRM : 56.27 PYPL : 8.34
PS Ratio AFRM : 5.44 PYPL : 1.32
PB Ratio AFRM : 4.51 PYPL : 2.10
Total Revenue (TTM) AFRM : $2.92B PYPL : $33.17B
Gross Profit (TTM) AFRM : $1.74B PYPL : $15.47B
EBITDA (TTM) AFRM : $789.93M PYPL : $7.18B

Returns By Period

In the year-to-date period, AFRM achieves a -38.44% return, which is significantly lower than PYPL's -22.29% return.

AFRM

• 1D: 6.48%
• 1M: -2.47%
• YTD: -38.44%
• 6M: -37.30%
• 1Y: 1.39%
• 3Y*: 59.60%
• 5Y*: -8.50%
• 10Y*: —

PYPL

• 1D: 1.25%
• 1M: -1.82%
• YTD: -22.29%
• 6M: -32.19%
• 1Y: -30.31%
• 3Y*: -15.71%
• 5Y*: -28.74%
• 10Y*: 1.44%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

AFRM vs. PYPL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AFRM

AFRM Risk / Return Rank: 43
AFRM Sharpe Ratio Rank: 42
AFRM Sortino Ratio Rank: 44
AFRM Omega Ratio Rank: 43
AFRM Calmar Ratio Rank: 42
AFRM Martin Ratio Rank: 42

PYPL

PYPL Risk / Return Rank: 15
PYPL Sharpe Ratio Rank: 11
PYPL Sortino Ratio Rank: 14
PYPL Omega Ratio Rank: 13
PYPL Calmar Ratio Rank: 22
PYPL Martin Ratio Rank: 14

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AFRM vs. PYPL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Affirm Holdings, Inc. (AFRM) and PayPal Holdings, Inc. (PYPL). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	AFRM	PYPL	Difference
Sharpe ratio Return per unit of total volatility	0.02	-0.74	+0.76
Sortino ratio Return per unit of downside risk	0.54	-0.82	+1.36
Omega ratio Gain probability vs. loss probability	1.07	0.88	+0.18
Calmar ratio Return relative to maximum drawdown	-0.02	-0.61	+0.59
Martin ratio Return relative to average drawdown	-0.04	-1.37	+1.34
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AFRM vs. PYPL - Sharpe Ratio Comparison

The current AFRM Sharpe Ratio is 0.02, which is higher than the PYPL Sharpe Ratio of -0.74. The chart below compares the historical Sharpe Ratios of AFRM and PYPL, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	AFRM	PYPL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.02	-0.74	+0.76
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.09	-0.69	+0.60
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.04	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.14	0.03	-0.17

Correlation

The correlation between AFRM and PYPL is 0.54, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

AFRM vs. PYPL - Dividend Comparison

AFRM has not paid dividends to shareholders, while PYPL's dividend yield for the trailing twelve months is around 0.62%.

	TTM	2025
AFRM Affirm Holdings, Inc.	0.00%	0.00%
PYPL PayPal Holdings, Inc.	0.62%	0.24%

Drawdowns

AFRM vs. PYPL - Drawdown Comparison

The maximum AFRM drawdown since its inception was -94.71%, which is greater than PYPL's maximum drawdown of -87.30%. Use the drawdown chart below to compare losses from any high point for AFRM and PYPL.

Drawdown Indicators

	AFRM	PYPL	Difference
Max Drawdown Largest peak-to-trough decline	-94.71%	-87.30%	-7.41%
Max Drawdown (1Y) Largest decline over 1 year	-53.86%	-49.92%	-3.94%
Max Drawdown (5Y) Largest decline over 5 years	-94.71%	-87.30%	-7.41%
Max Drawdown (10Y) Largest decline over 10 years	—	-87.30%	—
Current Drawdown Current decline from peak	-72.81%	-85.26%	+12.45%
Average Drawdown Average peak-to-trough decline	-68.94%	-34.83%	-34.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	23.21%	22.00%	+1.21%

Volatility

AFRM vs. PYPL - Volatility Comparison

Affirm Holdings, Inc. (AFRM) has a higher volatility of 17.61% compared to PayPal Holdings, Inc. (PYPL) at 9.59%. This indicates that AFRM's price experiences larger fluctuations and is considered to be riskier than PYPL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AFRM	PYPL	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.61%	9.59%	+8.02%
Volatility (6M) Calculated over the trailing 6-month period	44.04%	33.56%	+10.48%
Volatility (1Y) Calculated over the trailing 1-year period	70.18%	41.33%	+28.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	96.66%	42.00%	+54.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	96.58%	38.63%	+57.95%

Financials

AFRM vs. PYPL - Profitability Comparison

The chart below illustrates the profitability comparison between Affirm Holdings, Inc. and PayPal Holdings, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

AFRM - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Affirm Holdings, Inc. reported a gross profit of 0.00 and revenue of 328.38M. Therefore, the gross margin over that period was 0.0%.

PYPL - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, PayPal Holdings, Inc. reported a gross profit of 4.03B and revenue of 8.68B. Therefore, the gross margin over that period was 46.5%.

AFRM - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Affirm Holdings, Inc. reported an operating income of 117.63M and revenue of 328.38M, resulting in an operating margin of 35.8%.

PYPL - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, PayPal Holdings, Inc. reported an operating income of 1.51B and revenue of 8.68B, resulting in an operating margin of 17.4%.

AFRM - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Affirm Holdings, Inc. reported a net income of 129.59M and revenue of 328.38M, resulting in a net margin of 39.5%.

PYPL - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, PayPal Holdings, Inc. reported a net income of 1.44B and revenue of 8.68B, resulting in a net margin of 16.6%.