XML 51 R35.htm IDEA: XBRL DOCUMENT
v3.23.2

Balance Sheet Components (Tables) | 12 Months Ended
--- | ---
Jun. 30, 2023
Balance Sheet Related Disclosures [Abstract] |
Schedule of Property, Equipment and Software, Net | Property, equipment and software, net consisted of the following (in thousands):
|  |  |  | June 30, 2023 |  | June 30, 2022
Internally developed software |  |  |  | $ | 377,301 |  |  | $ | 200,621 |
Leasehold improvements |  |  |  | 20,214 |  |  | 16,169 |
Computer equipment |  |  |  | 10,187 |  |  | 10,751 |
Furniture and equipment |  |  |  | 6,503 |  |  | 4,279 |
Total property, equipment and software, at cost |  |  |  | $ | 414,205 |  |  | $ | 231,820 |
Less: Accumulated depreciation and amortization |  |  |  | (124,070) |  |  | (60,338) |
Total property, equipment and software, net |  |  |  | $ | 290,135 |  |  | $ | 171,482 |
Schedule of Goodwill | The changes in the carrying amount of goodwill during the years ended June 30, 2023 and 2022 were as follows (in thousands):
Balance as of June 30, 2021 |  | $ | 516,515 |
Additions (1) |  | 33,318 |
Adjustments (2) |  | (10,299) |
Balance as of June 30, 2022 |  | $ | 539,534 |
Additions (1) |  | 9,443 |
Adjustments (2) |  | (6,406) |
Balance as of June 30, 2023 |  | $ | 542,571 |
(1)Refer to Note 5. Acquisitions for a description of additions to goodwill during the years ended June 30, 2023 and 2022. (2)Adjustments to goodwill during the years ended June 30, 2023 and 2022 primarily pertained to foreign currency translation adjustments.
Schedule of Finite-Lived Intangible Assets | Intangible assets consisted of the following (in thousands):
|  | June 30, 2023
|  | Gross |  | Accumulated Amortization |  | Net |  | Weighted Average Remaining Useful Life (in years)
Merchant relationships |  | $ | 38,129 |  |  | $ | (27,637) |  |  | $ | 10,492 |  |  | 0.6
Developed technology |  | 39,626 |  |  | (30,653) |  |  | 8,973 |  |  | 0.6
Assembled workforce |  | 12,490 |  |  | (9,983) |  |  | 2,507 |  |  | 0.3
Trademarks and domains, definite |  | 1,481 |  |  | (990) |  |  | 491 |  |  | 1.7
Trademarks, licenses and domains, indefinite |  | 11,621 |  |  | — |  |  | 11,621 |  |  | Indefinite
Other intangibles |  | 350 |  |  | — |  |  | 350 |  |  | Indefinite
Total intangible assets |  | $ | 103,697 |  |  | $ | (69,263) |  |  | $ | 34,434 |  |  |
|  | June 30, 2022
|  | Gross |  | Accumulated Amortization |  | Net |  | Weighted Average Remaining Useful Life (in years)
Merchant relationships |  | $ | 38,371 |  |  | $ | (10,281) |  |  | $ | 28,090 |  |  | 3.6
Developed technology |  | 39,782 |  |  | (15,882) |  |  | 23,900 |  |  | 1.9
Assembled workforce |  | 12,490 |  |  | (1,664) |  |  | 10,826 |  |  | 1.3
Trademarks and domains, definite |  | 1,507 |  |  | (802) |  |  | 705 |  |  | 2.4
Trademarks and domains, indefinite |  | 2,146 |  |  | — |  |  | 2,146 |  |  | Indefinite
Other intangibles |  | 350 |  |  | — |  |  | 350 |  |  | Indefinite
Total intangible assets |  | $ | 94,646 |  |  | $ | (28,629) |  |  | $ | 66,017 |  |  |
Schedule of Indefinite-Lived Intangible Assets | Intangible assets consisted of the following (in thousands):
|  | June 30, 2023
|  | Gross |  | Accumulated Amortization |  | Net |  | Weighted Average Remaining Useful Life (in years)
Merchant relationships |  | $ | 38,129 |  |  | $ | (27,637) |  |  | $ | 10,492 |  |  | 0.6
Developed technology |  | 39,626 |  |  | (30,653) |  |  | 8,973 |  |  | 0.6
Assembled workforce |  | 12,490 |  |  | (9,983) |  |  | 2,507 |  |  | 0.3
Trademarks and domains, definite |  | 1,481 |  |  | (990) |  |  | 491 |  |  | 1.7
Trademarks, licenses and domains, indefinite |  | 11,621 |  |  | — |  |  | 11,621 |  |  | Indefinite
Other intangibles |  | 350 |  |  | — |  |  | 350 |  |  | Indefinite
Total intangible assets |  | $ | 103,697 |  |  | $ | (69,263) |  |  | $ | 34,434 |  |  |
|  | June 30, 2022
|  | Gross |  | Accumulated Amortization |  | Net |  | Weighted Average Remaining Useful Life (in years)
Merchant relationships |  | $ | 38,371 |  |  | $ | (10,281) |  |  | $ | 28,090 |  |  | 3.6
Developed technology |  | 39,782 |  |  | (15,882) |  |  | 23,900 |  |  | 1.9
Assembled workforce |  | 12,490 |  |  | (1,664) |  |  | 10,826 |  |  | 1.3
Trademarks and domains, definite |  | 1,507 |  |  | (802) |  |  | 705 |  |  | 2.4
Trademarks and domains, indefinite |  | 2,146 |  |  | — |  |  | 2,146 |  |  | Indefinite
Other intangibles |  | 350 |  |  | — |  |  | 350 |  |  | Indefinite
Total intangible assets |  | $ | 94,646 |  |  | $ | (28,629) |  |  | $ | 66,017 |  |  |
Schedule of Intangible Assets, Future Amortization Expense | The expected future amortization expense of these intangible assets as of June 30, 2023 is as follows (in thousands):
2024 |  | $ | 20,895 |
2025 |  | 1,396 |
2026 |  | 157 |
2027 |  | 15 |
2028 and thereafter |  | — |
Total amortization expense |  | $ | 22,463 |
Schedule of Other Assets | Other assets consisted of the following (in thousands):
|  | June 30, 2023 |  | June 30, 2022
Processing reserves |  | $ | 60,039 |  |  | $ | 26,483 |
Derivative instruments |  | 50,545 |  |  | 49,983 |
Equity securities, at cost |  | 43,172 |  |  | 43,172 |
Prepaid expenses |  | 35,626 |  |  | 37,497 |
Operating lease right-of-use assets |  | 30,171 |  |  | 50,671 |
Other assets |  | 59,061 |  |  | 73,761 |
Total other assets |  | $ | 278,614 |  |  | $ | 281,567 |
Schedule of Accrued Expenses and Other Liabilities | Accrued expenses and other liabilities consisted of the following (in thousands):
|  | June 30, 2023 |  | June 30, 2022
Collateral held for derivative instruments |  | $ | 53,267 |  |  | $ | 55,779 |
Operating lease liability |  | 52,557 |  |  | 65,713 |
Accrued expenses |  | 50,704 |  |  | 67,343 |
Other liabilities |  | 24,355 |  |  | 48,763 |
Total accrued expenses and other liabilities |  | $ | 180,883 |  |  | $ | 237,598 |

X
- Definition Schedule Of Accrued Liabilities And Other Liabilities + References No definition available. + Details
Name: | afrm_ScheduleOfAccruedLiabilitiesAndOtherLiabilitiesTableTextBlock
Namespace Prefix: | afrm_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_BalanceSheetRelatedDisclosuresAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 360 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482099/360-10-50-1 + Details
Name: | us-gaap_PropertyPlantAndEquipmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482665/350-30-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482665/350-30-50-2 + Details
Name: | us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 24 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482548/350-20-55-24 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (h) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (g) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1A -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1A Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-2 + Details
Name: | us-gaap_ScheduleOfGoodwillTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance and exist in perpetuity, by either major class or business segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482665/350-30-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (b),(d) -SubTopic 30 -Topic 350 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482665/350-30-50-3 + Details
Name: | us-gaap_ScheduleOfIndefiniteLivedIntangibleAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the carrying amounts of other assets. This disclosure includes other current assets and other noncurrent assets. + References No definition available. + Details
Name: | us-gaap_ScheduleOfOtherAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482665/350-30-50-2 + Details
Name: | us-gaap_ScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration