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Max Levchin takes a $39K salary, but Affirm Holdings, Inc.'s DEF 14A reports $538K in total compensation for FY2025. The largest component was $499K in other compensation. Most of the gap was $499K reported as other compensation. That’s up 4% from FY2024. Source: SEC DEF 14A.
In fiscal year 2025, Max Levchin, CEO of Affirm Holdings, Inc. (AFRM), received total compensation of $538K.
Max Levchin's compensation breakdown includes: base salary of $39K, and other compensation of $499K.
Compared to fiscal year 2024, Max Levchin's total compensation increased 4% from $520K to $538K.
Affirm Holdings, Inc.'s top 5 named executive officers received combined total compensation of $28.9 million in fiscal year 2025.
The named executive officers disclosed in Affirm Holdings, Inc.'s 2025 proxy statement are:Max Levchin (CEO) with total compensation of $538K, Michael Linford (Chief Operating Officer) with total compensation of $9.1 million, Libor Michalek (President) with total compensation of $8.6 million, Rob O’Hare (Chief Financial Officer (3 )) with total compensation of $6.4 million, and Katherine Adkins (Chief Legal Officer and Chief Compliance Officer) with total compensation of $4.3 million.
Source Filing
Executive Record
Max Levchin
CEO
Reported Pay
$410K
Summary compensation table total · FY2023
Findings
Reviewing FY2023 compensation of $410K against +22% shareholder return and the latest filing-backed pay disclosures.
Reported pay changed +4%; spread versus stock performance is pending computation.
Evidence is sourced from the latest executive compensation filing and return series for AFRM.
Team view
5 executives
CEO
Total PayFY2025
$538K
Chief Operating Officer
Total PayFY2025
$9.1M
President
Total PayFY2025
$8.6M
Chief Financial Officer (3 )
Total PayFY2025
$6.4M
Chief Legal Officer and Chief Compliance Officer
Total PayFY2025
$4.3M
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01FY2023 total compensation breakdown
$409.8K total compensation
Max Levchin earned $409.8K in FY2023 — here's how that breaks down.
$374.5K
91% of total
$35.3K
9% of total
A pay-performance summary will appear here once the verdict loads above.
02Pay changes vs. stock performance
1 year of data
Peer context
Dashed line marks the large-cap median compensation benchmark for companies around $19.7B market cap, based on 312 peers in this size band.
03Recent insider trades by officers and directors
~32 trades
04Board composition and compensation for FY2026
This company is expected to file its proxy statement soon.
05Take action on executive compensation
Shareholder activism tools
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06For analysts and deep research
Historical compensation data from latest proxy filing
| Year | Executive | Salary | Bonus & Incentive | Stock Awards | Option Awards | Other Adj. | Total |
|---|---|---|---|---|---|---|---|
| 2025 | Max Levchin CEO | $0.04M | $0.00M | $0.00M | $0.00M | $0.50M | $0.54M |
| 2024 | Max Levchin CEO | $0.04M | $0.00M | $0.00M | $0.00M | $0.48M | $0.52M |
| 2023 | Max Levchin CEO | $0.04M | $0.00M | $0.00M | $0.00M | $0.37M | $0.41M |
| 2022 | Max Levchin CEO | $0.03M | $0.00M | $0.00M | $0.00M | $0.45M | $0.48M |
Salary = base cash pay. Bonus & Incentive combines annual bonus and non-equity plans. Equity amounts are grant-date fair values. Other Adj. captures pension changes, perquisites, and any reconciliation items so the total matches the reported figure.
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Affirm Holdings, Inc. (AFRM) — Key Facts
Last updated Apr 15, 2026 · DEF 14A filed Oct 24, 2025
| CEO | Max Levchin, CEO |
|---|---|
| Fiscal year | FY2025 |
| Total compensation | $538K |
| Base salary | $39K |
| Other compensation | $499K |
| Year-over-year change | +4% |
| Source | DEF 14A, 2025-10-24 |
Max Levchin's base salary at Affirm Holdings, Inc. was $38,834. Total compensation was $538,307 in fiscal year 2025. Most of the gap was $499,473 reported as other compensation.
Max Levchin's base salary at Affirm Holdings, Inc. is $38,834 per year as of fiscal year 2025. The larger reported compensation figure of $538,307 is mostly $499,473 reported as other compensation.
Affirm Holdings, Inc.'s CEO, Max Levchin, earned $538,307 in total compensation for fiscal year 2025. Base salary was $38,834, and most of the remaining total was $499,473 reported as other compensation.