Afterpay (APT.AX) Stock Price

Afterpay Price

Delisted

Revenue has compounded at 253.6% per year over the past 5 years to 924.67 M AUD. Afterpay's net margin stands at -16.9%, up from -33.1% several years earlier.

Afterpay stock price

Volume
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Stock Price

How to Read This Chart

This chart tracks the historical stock price of Afterpay over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how Afterpay stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing Afterpay's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

Afterpay Stock Price History
DateAfterpay Price
Access this data via the Eulerpool API

Afterpay Revenue, EBIT, Net Income

  • 3 Years

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  • Max

Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2019
264.11 M AUD
-34.85 M AUD
-42.86 M AUD
Jan 1, 2020
519.15 M AUD
-18.79 M AUD
-19.78 M AUD
Jan 1, 2021
924.67 M AUD
-72.52 M AUD
-156.30 M AUD
Jan 1, 2022 (e)
1.54 B AUD
45.31 M AUD
-50.77 M AUD
Jan 1, 2023 (e)
2.36 B AUD
237.28 M AUD
78.66 M AUD
Jan 1, 2024 (e)
3.18 B AUD
529.69 M AUD
247.45 M AUD
Jan 1, 2025 (e)
4.54 B AUD
1.31 B AUD
575.14 M AUD
Jan 1, 2026 (e)
6.54 B AUD
3.28 B AUD
1.35 B AUD

Afterpay Income Statement, Balance Sheet, Cash Flow Statement

Last updated Aug 21, 2026, 11:20 AM
 
REVENUEB AUD
REVENUE GROWTH%
GROSS MARGIN%
GROSS INCOMEB AUD
EBITB AUD
EBIT MARGIN%
NET INCOMEB AUD
NET INCOME GROWTH%
SHARESM
2016201720182019202020212022e2023e2024e2025e2026e
0.030.140.260.520.921.542.363.184.546.54
2,800.00389.6685.9296.5978.0366.3453.5534.7942.6944.13
100.0079.3180.2877.2773.9973.0573.0573.0573.0573.0573.05
0.020.110.200.380.681.121.722.323.324.78
-0.03-0.02-0.070.050.240.531.313.28
-300.003.45-12.88-3.47-7.792.9310.0416.6328.8850.09
-0.01-0.01-0.04-0.02-0.16-0.050.080.250.581.35
200.00-11.11425.00-54.76721.05-67.95-256.00216.67132.79134.78
214.76181.94216.20231.92259.15284.71284.71284.71284.71284.71284.71
Details

Income Statement Key Figures

Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales Afterpay generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Afterpay retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Afterpay's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares Afterpay has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Afterpay's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

Afterpay stock margins

The Afterpay margin analysis displays the gross margin, EBIT margin, as well as the profit margin of Afterpay. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for Afterpay.
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Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2017
81.87 %
6.40 %
-33.14 %
Jan 1, 2018
80.18 %
0.13 %
-6.31 %
Jan 1, 2019
77.45 %
-13.19 %
-16.23 %
Jan 1, 2020
74.13 %
-3.62 %
-3.81 %
Jan 1, 2021
73.01 %
-7.84 %
-16.90 %
Jan 1, 2022 (e)
73.01 %
2.95 %
-3.30 %
Jan 1, 2023 (e)
73.01 %
10.05 %
3.33 %
Jan 1, 2024 (e)
73.01 %
16.65 %
7.78 %

Afterpay Stock Revenue, EBIT, Earnings per Share

The Afterpay earnings per share therefore indicates how much revenue Afterpay has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.
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Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2017
0.16 AUD
0.01 AUD
-0.05 AUD
Jan 1, 2018
0.66 AUD
0.00 AUD
-0.04 AUD
Jan 1, 2019
1.14 AUD
-0.15 AUD
-0.18 AUD
Jan 1, 2020
2.00 AUD
-0.07 AUD
-0.08 AUD
Jan 1, 2021
3.25 AUD
-0.25 AUD
-0.55 AUD
Jan 1, 2022 (e)
5.32 AUD
0.16 AUD
-0.18 AUD
Jan 1, 2023 (e)
8.16 AUD
0.83 AUD
0.27 AUD
Jan 1, 2024 (e)
10.99 AUD
1.86 AUD
0.86 AUD

Afterpay business model & stock analysis

Afterpay Ltd. is an Australian company specializing in the "Buy Now Pay Later" sector. It allows customers to buy goods or services without immediately paying the full price, but rather in installment payments. The idea is that the customer receives the product and pays later. Afterpay takes on the complete risk of payment default and ensures that the money is forwarded to the merchant. Afterpay operates in Australia, New Zealand, the USA, Canada, UK, France, Italy, Spain, and the Netherlands. In 2020, the company was acquired by Square, Inc. Afterpay's business model is based on a commission it charges merchants who want to offer their customers the option of "Buy Now Pay Later." There is also a fee if customers fail to make their installment payments on time. The company offers a wide range of products and services. It allows customers to buy items such as clothing or electronics through partner retailers and repay them in four installments due every two weeks. In addition, customers can also use Afterpay to pay bills from service providers such as electricity and gas companies. The due amounts are automatically deducted from the customer's bank. Another division of Afterpay is the issuance of credit cards. In Australia and New Zealand, Afterpay introduced its own Visa card, which allows customers to make purchases in participating stores and arrange zero-interest installment payments over 55 days. Afterpay also offers financial education and planning services. The company has developed an app called Money by Afterpay to help users better organize and manage their finances. Afterpay has experienced rapid growth in recent years. In 2019, Afterpay's transaction volume reached $9 billion. Since its founding in 2015, the company has acquired more than 10 million users and is listed on the Australian stock exchange. However, Afterpay has also faced criticism for its "Buy Now Pay Later" business model, as it can lead to customer debt and often leaves customers unaware of the actual costs. The company has announced plans to work with regulatory authorities to improve transparency in costs and provide more support to customers regarding debt management. Despite the criticism, Afterpay has gained high visibility in Australia and New Zealand and is appreciated by many customers. With its fast, convenient, and hassle-free service that allows customers to pay for their purchases in installments, the company could expand internationally in the future.

Afterpay SWOT Analysis

Strengths

Afterpay Ltd is a leading global provider of 'buy now, pay later' services, which has gained significant popularity among a younger demographic.

The company's innovative platform offers a convenient and flexible payment option without the need for traditional credit checks.

Afterpay's partnerships with numerous retailers and merchants provide a wide range of options for consumers, enhancing its market presence.

Weaknesses

Although Afterpay has experienced rapid growth, it also faces increasing competition from similar 'buy now, pay later' providers, which could impact its market share.

The company's business model heavily relies on consumer spending and economic stability, making it vulnerable to economic downturns.

Afterpay's service charges and late fees have faced criticism for potential negative impact on financially vulnerable customers.

Opportunities

Afterpay has the opportunity to expand its customer base by targeting new markets, both domestically and internationally.

The growing trend of e-commerce and online shopping presents a significant opportunity for Afterpay to further integrate its services with digital retailers.

Partnerships with new industries, such as travel and healthcare, can help Afterpay diversify its offering and reach a broader range of consumers.

Threats

Government regulations and potential changes in consumer protection laws could impact Afterpay's business operations and profitability.

Afterpay faces the risk of increased credit defaults and delinquencies, especially during economic downturns or in case of excessive consumer debt.

Competitors offering similar payment solutions and attractive incentives may lure customers away from Afterpay.

Afterpay Eulerpool Fair Value

Details

Fair Value Estimate

What Is Fair Value?

Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.

Earnings-Based Fair Value

Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.

Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021

Revenue-Based Fair Value

Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"

Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021

Dividend-Based Fair Value

Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.

Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021

How to Use This Chart

When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.

Afterpay historical P/E ratio, EBIT multiple, and P/S ratio

Afterpay annual returns

Details

Annual Return

What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

Afterpay shares outstanding

  • 3 Years

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  • Max

Number of stocks
Details
Date
Number of stocks
Jan 1, 2017
181.94 M Stocks
Jan 1, 2018
216.20 M Stocks
Jan 1, 2019
231.92 M Stocks
Jan 1, 2020
259.15 M Stocks
Jan 1, 2021
284.71 M Stocks
Jan 1, 2022 (e)
284.71 M Stocks
Jan 1, 2023 (e)
284.71 M Stocks
Jan 1, 2024 (e)
284.71 M Stocks
Price targets and forecasts for Afterpay are not yet available.

Afterpay Earnings Estimates & Surprises

DateEPS estimateEPS ActualRevenue EstimatePrice reactionQuarterly report
8/25/20210.04AUD-506.05 MAUD-2021 Q4
2/25/20210.02AUD-421.03 MAUD-2021 Q2
8/27/20200.05AUD-293.25 MAUD-2020 Q4
2/27/2020-0.01AUD-215.06 MAUD-2020 Q2
8/28/2019-0.03AUD-144.28 MAUD-2019 Q4
2/26/2019-0.01AUD-115.23 MAUD-2019 Q2

Afterpay shareholder structure

% Name
5.02584%
The Vanguard Group, Inc.
The Vanguard Group, Inc.
2.90355%
T. Rowe Price Associates, Inc.
T. Rowe Price Associates, Inc.
2.65838%
Baillie Gifford & Co.
Baillie Gifford & Co.
1.18715%
Vanguard Investments Australia Ltd.
Vanguard Investments Australia Ltd.
1.10947%
Veritas Asset Management LLP
Veritas Asset Management LLP
0.74419%
Capital Research Global Investors
Capital Research Global Investors
...

Afterpay Executives and Management Board

28 members · avg. age 54 · 33 % women

FF

Mr. Frerk-Malte Feller

Global Chief Operating Officer · since 2019

1.85 M AUD

Management

NM

Mr. Nicholas Molnar (31)

Co-Chief Executive Officer and Managing Director, Co-Founder, Executive Director · since 2020

1.68 M AUD
AE

Mr. Anthony Eisen (49)

Co-Chief Executive Officer and Managing Director, Co-Founder, Executive Director · since 2020

1.68 M AUD
RL

Ms. Rebecca Lowde

Chief Financial Officer · since 2020

865,809.00 AUD
MW

Mr. Matthew Walton

Member - Key Management · since 2016

726,031.00 AUD
BO

Mr. Barry Odes

Chief of Staff · since 2019

686,433.00 AUD
NL

Ms. Nadine Lennie

Chief Financial Officer

536,303.00 AUD

Board of Directors

DH

Mr. David Hancock

Executive Director · since 2019

1.27 M AUD
ER

Ms. Elana Rubin (63)

Non-Executive Independent Chairman of the Board · since 2020

344,167.00 AUD
SR

Ms. Sharon Rothstein (64)

Non-Executive Independent Director · since 2020

233,542.00 AUD
GB

Mr. Gary Briggs (58)

Non-Executive Independent Director · since 2020

229,872.00 AUD
PO

Mr. Patrick Redmond Joseph O'Sullivan (57)

Non-Executive Independent Director · since 2020

189,292.00 AUD
CR

Mr. Clifford Rosenberg

Non-Executive Independent Director · since 2017

170,996.00 AUD

Afterpay Supply Chain

Afterpay Supply Chain

Correlation: how closely stock prices move together

Same directionNo relationOpposite
30 companies
#NameTrend
1
KMD Brands
Customer·Specialty Retail·NZ
0.95
0.94
0.55
0.75
0.39
2
Premier Investments
Customer·Specialty Retail·AU
0.95
0.79
0.87
0.87
0.43
3
Wesfarmers
Customer·Multiline Retail·AU
0.89
0.61
0.43
0.69
0.42
4
PUMA
Customer·Textiles, Apparel & Luxury Goods·DE
0.89
0.86
0.67
0.81
0.42
5
Adairs
Customer·Specialty Retail·AU
0.87
0.86
0.72
0.74
0.46

Frequently asked questions about Afterpay

The business model of Afterpay Ltd revolves around providing a buy-now-pay-later service to consumers. Afterpay allows customers to make purchases online or in-store and split the total cost into four equal installments, with the first payment made at the time of purchase. This service is interest-free, and customers are not required to undergo a traditional credit check. Afterpay generates revenue by charging fees to retailers for each transaction. The company aims to offer an alternative payment option that promotes responsible spending and financial flexibility. Afterpay has gained popularity globally for its convenient and innovative approach to payment solutions.

Afterpay Ltd is primarily active in the industries of retail, e-commerce, and financial technology.

The main competitors of Afterpay Ltd in the market are Klarna, Zip Co Ltd, and Sezzle Inc.

Afterpay Ltd is an Australian-based company that provides a buy now, pay later service to consumers. Founded in 2014 by Nick Molnar and Anthony Eisen, Afterpay has quickly gained popularity and expanded globally. The company allows customers to make purchases and pay for them in four equal installments, with no interest or fees if payments are made on time. Afterpay has attracted millions of active users and partnered with thousands of retailers worldwide, offering a convenient and flexible payment option for online and in-store purchases. With its user-friendly platform and commitment to financial transparency, Afterpay has become a prominent player in the fintech industry.

Afterpay Ltd, a leading Australian financial technology company, has achieved several significant milestones. Since its establishment in 2014, Afterpay has rapidly expanded its presence in international markets, including the United States and the United Kingdom. The company went public in 2016 and has experienced substantial growth in customer base and merchant partnerships. Afterpay's innovative "buy now, pay later" solution has gained popularity among both consumers and businesses worldwide, revolutionizing the retail industry. With its continuous focus on providing flexible and responsible financial services, Afterpay remains dedicated to its mission of redefining the traditional payment system and enhancing the shopping experience for millions of customers globally.

Afterpay Ltd is primarily present in Australia, New Zealand, the United States, and the United Kingdom.

Afterpay Ltd is a leading Buy Now, Pay Later (BNPL) platform that represents several key values and a strong corporate philosophy. The company aims to empower consumers by providing a convenient and flexible way to make purchases without traditional credit. Afterpay promotes responsible spending, financial transparency, and aims to enhance the overall shopping experience. Their philosophy revolves around ensuring customer satisfaction by offering interest-free installment plans and seamless integration with online and in-store retailers. Afterpay Ltd strives to foster financial well-being, fairness, and trust by putting the customer's needs first and continuously improving their innovative BNPL services.

12 analysts currently rate the Afterpay stock: 8 recommend buying, 3 holding and 1 selling.

The Afterpay share (APT.AX) is listed on 1 stock exchanges, including: ASX (APT.AX).

Afterpay Ltd is an Australian company that specializes in "Buy now, Pay later" services. Its business model allows customers to purchase products and services without immediately paying the full purchase price. Instead, Afterpay offers a installment payment option, allowing customers to split the purchase price into four equal installments. The company earns money by charging merchants a fee for this service. Afterpay operates in multiple geographic regions, including Australia, New Zealand, the US, and the UK. In each region, the company works with a variety of merchants to offer its customers a wide range of products and services. These include fashion, beauty products, electronics, sports equipment, and household appliances. In addition to its core payment provider activity, Afterpay also offers several supplementary products to enhance its ability to meet the financial needs of its customers. This includes the Afterpay Card, a debit card that customers can link directly to their Afterpay account. The card can be used anywhere Mastercard is accepted and provides customers with additional flexibility in payment. Another product is Afterpay Cash, a service that allows customers to deposit cash into their Afterpay account. This can be particularly useful for customers who prefer to pay their Afterpay bills in cash or need to make payments when they are not online. Furthermore, Afterpay also offers a range of tools to help customers control their finances and manage their expenses. This includes free behavior change courses and an app that allows customers to manage their accounts and track payments. Afterpay's business model is based on the idea of empowering customers to maintain control over their finances by offering them a convenient way to manage their expenses. For merchants, Afterpay provides an opportunity to generate additional revenue by enabling customers to pay for expensive products in installments. The company is committed to further developing its product offering and functionality to reach even more customers and secure its competitive advantage. Overall, Afterpay provides both customers and merchants with a convenient and effective solution for financing purchases. The company strives to earn and maintain the trust of its customers through transparency and responsible lending practices.

The revenue cannot currently be calculated for Afterpay.

The profit cannot currently be calculated for Afterpay.

The P/E ratio cannot be calculated for Afterpay at the moment.

The P/S cannot be calculated for Afterpay currently.

The Eulerpool Quality Score for Afterpay is 2/10.

The ISIN of Afterpay is AU000000APT1. The ISIN (International Securities Identification Number) is a globally unique identifier for securities.

The WKN of Afterpay is A2DT5A. The WKN (Wertpapierkennnummer) is a six-digit German security identification number.

The ticker of Afterpay is APT.AX. The ticker symbol is used to trade Afterpay shares on the stock exchange.

Afterpay is assigned to the 'Information technology' sector.

The dividends of Afterpay are distributed in AUD.

All fundamentals and in-depth analysis of Afterpay

Our stock analysis for Afterpay stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Afterpay. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.