AFRM vs. BLK: Affirm vs. BlackRock Stock Comparison

November 11, 2026

How do Affirm (AFRM) and BlackRock (BLK) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Affirm (AFRM) and BlackRock (BLK) both fall under the Financial Services industry group, but AFRM is classified in Financial Services while BLK is classified in Capital Markets.

BlackRock (BLK) has more than two decades of public-market history since October 1, 1999, whereas Affirm (AFRM) listed on January 13, 2021 and has a much shorter record to draw on.

Company profile comparison for Affirm (AFRM) and BlackRock (BLK)
Profile Item	AFRM	BLK
Name	Affirm Holdings, Inc.	BlackRock, Inc.
Country/Region	United States	United States
GICS Sector	Financials	Financials
GICS Industry Group	Financial Services	Financial Services
GICS Industry	Financial Services	Capital Markets
GICS Sub-Industry	Transaction & Payment Processing Services	Asset Management & Custody Banks
Market Capitalization	23.09 billion USD	182.05 billion USD
Currency	USD	USD
Exchange	Nasdaq	NYSE
Listing Date	January 13, 2021	October 1, 1999
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

AFRM

BLK

GSPC

Affirm (AFRM) vs. BlackRock (BLK), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Affirm (AFRM) and BlackRock (BLK). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Affirm (AFRM) and BlackRock (BLK). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Affirm (AFRM) and BlackRock (BLK)
Metric	AFRM	BLK
Total Return (1Y)	-6.89%	15.55%
Total Return (3Y, Annualized)	40.23%	26.16%
Total Return (5Y, Annualized)	-15.36%	7.41%

Risk Profile

Drawdown History

AFRM

BLK

GSPC

Affirm (AFRM) vs. BlackRock (BLK), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Affirm (AFRM) and BlackRock (BLK). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Affirm (AFRM) and BlackRock (BLK)
Metric	AFRM	BLK
Volatility (1Y, Annualized)	58.20%	28.45%
Beta (5Y)	3.70	1.34
Max Drawdown (5Y)	-94.35%	-43.90%
Avg. Volume (3M)	4.46M	600.75K

Risk-Adjusted Performance

Risk-Return Positioning

AFRM and BLK are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Affirm (AFRM) and BlackRock (BLK)
Metric	AFRM	BLK
Sharpe Ratio (1Y)	-0.19	0.40
Sortino Ratio (1Y)	-0.28	0.58

Profitability

ROE (TTM)

Affirm (AFRM) at 44.49% sits in the top ROE quartile, while BlackRock (BLK) at 11.61% is closer to the peer norm — stronger capital efficiency for AFRM.

AFRM

Financial Services industry group

44.49%

Max: 44.78%
AFRM: 44.49%
Q3: 21.85%
Median: 12.91%
Q1: 4.48%
Min: -18.71%

BLK

Financial Services industry group

11.61%

Max: 44.78%
Q3: 21.85%
Median: 12.91%
BLK: 11.61%
Q1: 4.48%
Min: -18.71%

Affirm (AFRM) vs. BlackRock (BLK): A comparison of their ROE against the Financial Services industry group benchmark.

Net Margin (TTM)

Affirm (AFRM) at 43.86% retains a top-quartile share of revenue as profit, ahead of BlackRock (BLK) at 24.22%, which keeps about the industry-typical share.

AFRM

Financial Services industry group

43.86%

Max: 62.84%
AFRM: 43.86%
Q3: 28.05%
Median: 15.36%
Q1: 4.82%
Min: -28.52%

BLK

Financial Services industry group

24.22%

Max: 62.84%
Q3: 28.05%
BLK: 24.22%
Median: 15.36%
Q1: 4.82%
Min: -28.52%

Affirm (AFRM) vs. BlackRock (BLK): A comparison of their net margin against the Financial Services industry group benchmark.

Operating Margin (TTM)

Both Affirm (AFRM) at 14.82% and BlackRock (BLK) at 37.90% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

AFRM

Financial Services industry group

14.82%

Max: 107.33%
Q3: 55.90%
Median: 30.09%
AFRM: 14.82%
Q1: 14.60%
Min: -44.34%

BLK

Financial Services industry group

37.90%

Max: 107.33%
Q3: 55.90%
BLK: 37.90%
Median: 30.09%
Q1: 14.60%
Min: -44.34%

Affirm (AFRM) vs. BlackRock (BLK): A comparison of their operating margin against the Financial Services industry group benchmark.

Profitability Metrics

Profitability metrics for Affirm (AFRM) and BlackRock (BLK)
Metric	AFRM	BLK
ROE (TTM)	44.49%	11.61%
ROA (TTM)	2.42%	3.85%
Net Margin (TTM)	43.86%	24.22%
Operating Margin (TTM)	14.82%	37.90%
Gross Margin (TTM)	--	--

Growth

Revenue Growth

Affirm (AFRM) at 32.15% sits in the top revenue growth quartile, while BlackRock (BLK) at 18.67% is closer to the peer norm — faster top-line expansion for AFRM.

Affirm (AFRM) vs. BlackRock (BLK): A comparison of their Revenue Growth across different time periods.

EPS Growth

Affirm (AFRM) at 3,586.67% clears its industry range for EPS growth, a much stronger earnings trajectory than BlackRock (BLK) at -15.95%, which is closer to a typical peer reading.

Affirm (AFRM) vs. BlackRock (BLK): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Affirm (AFRM) and BlackRock (BLK)
Metric	AFRM	BLK
Revenue Growth (YoY)	32.15%	18.67%
Revenue Growth (3Y CAGR)	38.96%	10.65%
EPS Growth (YoY)	3,586.67%	-15.95%
EPS Growth (3Y CAGR)	--	1.30%

Financial Strength

Current Ratio (MRQ)

current ratio doesn’t apply on either side: Affirm (AFRM) in Financial Services and BlackRock (BLK) in Financial Services both report balance sheets without a current/non-current split, so their short-term liquidity is better judged through regulatory and funding measures.

Debt / Equity (MRQ)

debt-to-equity ratio is set aside for both: Affirm (AFRM) in Financial Services and BlackRock (BLK) in Financial Services run businesses where balance-sheet leverage is part of the model, so capital-adequacy and funding measures are the better gauges of balance-sheet risk.

Financial Strength Metrics

Financial strength metrics for Affirm (AFRM) and BlackRock (BLK)
Metric	AFRM	BLK
Current Ratio (MRQ)	--	--
Debt / Equity (MRQ)	--	--
Net Debt / EBITDA	--	--

Dividends

Dividend Yield (TTM)

Affirm (AFRM) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile BlackRock (BLK) reports a yield of 1.91%, ranking against industry peers normally.

AFRM

Financial Services industry group

0.00%

Max: 9.77%
Q3: 3.92%
Median: 1.09%
AFRM: 0.00%
Q1: 0.00%
Min: 0.00%

BLK

Financial Services industry group

1.91%

Max: 9.77%
Q3: 3.92%
BLK: 1.91%
Median: 1.09%
Q1: 0.00%
Min: 0.00%

Affirm (AFRM) vs. BlackRock (BLK): A comparison of their dividend yield against the Financial Services industry group benchmark.

Dividend Payout Ratio (TTM)

Affirm (AFRM) pays no dividend (payout 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile BlackRock (BLK) reports a payout of 51.00%, ranking against industry peers normally.

AFRM

Financial Services industry group

0.00%

Max: 241.07%
Q3: 97.36%
Median: 25.77%
AFRM: 0.00%
Q1: 0.00%
Min: 0.00%

BLK

Financial Services industry group

51.00%

Max: 241.07%
Q3: 97.36%
BLK: 51.00%
Median: 25.77%
Q1: 0.00%
Min: 0.00%

Affirm (AFRM) vs. BlackRock (BLK): A comparison of their payout ratio against the Financial Services industry group benchmark.

Dividend Metrics

Dividend metrics for Affirm (AFRM) and BlackRock (BLK)
Metric	AFRM	BLK
Dividend Yield (TTM)	0.00%	1.91%
Dividend Payout Ratio (TTM)	0.00%	51.00%

Valuation

P/E Ratio (TTM)

Affirm (AFRM) at 11.80 is near its industry’s usual P/E ratio, while BlackRock (BLK) at 26.84 sits in the richer quartile — BLK needs stronger growth or earnings quality to justify the premium.

AFRM

Financial Services industry group

11.80

Max: 45.85
Q3: 24.64
Median: 15.37
AFRM: 11.80
Q1: 9.68
Min: 0.16

BLK

Financial Services industry group

26.84

Max: 45.85
BLK: 26.84
Q3: 24.64
Median: 15.37
Q1: 9.68
Min: 0.16

Affirm (AFRM) vs. BlackRock (BLK): A comparison of their P/E ratio against the Financial Services industry group benchmark.

P/S Ratio (TTM)

Both Affirm (AFRM) at 5.03 and BlackRock (BLK) at 6.38 command a richer price per dollar of sales than most peers, sitting in the upper P/S ratio quartile of their industries.

AFRM

Financial Services industry group

5.03

Max: 9.23
AFRM: 5.03
Q3: 4.57
Median: 2.72
Q1: 1.28
Min: -0.55

BLK

Financial Services industry group

6.38

Max: 9.23
BLK: 6.38
Q3: 4.57
Median: 2.72
Q1: 1.28
Min: -0.55

Affirm (AFRM) vs. BlackRock (BLK): A comparison of their P/S ratio against the Financial Services industry group benchmark.

P/B Ratio (MRQ)

BlackRock (BLK) at 3.14 is valued about in line with its industry on P/B ratio, while Affirm (AFRM) at 4.01 carries an above-peer premium to book — AFRM is pricier on assets.

AFRM

Financial Services industry group

4.01

Max: 7.79
AFRM: 4.01
Q3: 3.63
Median: 1.57
Q1: 0.81
Min: -0.39

BLK

Financial Services industry group

3.14

Max: 7.79
Q3: 3.63
BLK: 3.14
Median: 1.57
Q1: 0.81
Min: -0.39

Affirm (AFRM) vs. BlackRock (BLK): A comparison of their P/B ratio against the Financial Services industry group benchmark.

Valuation Metrics

Valuation metrics for Affirm (AFRM) and BlackRock (BLK)
Metric	AFRM	BLK
P/E Ratio (TTM)	11.80	26.84
P/S Ratio (TTM)	5.03	6.38
P/B Ratio (MRQ)	4.01	3.14
Free Cash Flow Yield (TTM)	--	--