Overview
- Affirm reported fiscal Q3 results after the close, posting revenue of $1.04 billion up 33% and earnings of $0.30 per share that topped forecasts.
- Gross merchandise volume, the value of purchases made using Affirm, reached $11.6 billion, up 35% in a tenth straight quarter of 30%‑plus growth.
- Management lifted its outlook with Q4 revenue guided to $1.08 billion to $1.11 billion and full‑year targets raised for both revenue and GMV.
- Customer and merchant networks kept expanding to 26.8 million active users and 515,000 merchants, while the Affirm Card grew to 4.4 million holders generating $2.1 billion in spending.
- Leaders said credit metrics stayed steady with delinquencies in line with expectations, even as shares were little changed after hours and remain down about 9.5% this year against gains in the S&P 500.