Affirm Holdings, Inc. (NASDAQ:AFRM) shares slipped in Thursday's extended trading after the company released its second-quarter earnings report Here's a look at the key figures from the quarter. AFRM stock is moving. Watch the price action here.The Details: Affirm reported quarterly earnings of 37 cents per share, which beat the consensus estimate of 30 cents.Quarterly revenue came in at $1.12 billion, which beat the Street estimate of $1.06 billion.GMV (gross merchandise value grew 36% to $13.8 billion. Ac ...

Financial Performance - Total revenue for the three months ended December 31, 2025, was $1,123,019, representing a 30% increase from $866,381 in the same period of 2024[224] - Operating income for the same period was $117,626, compared to a loss of $4,322 in the prior year, indicating a significant turnaround[224] - Net income for the three months ended December 31, 2025, was $129,586, a 61% increase from $80,360 in the same period of 2024[224] - The total operating expenses for the three months ended December 31, 2025, were $1.01 billion, a 15% increase from $870.7 million in the same period of 2024[260] - Net income for the three months ended December 31, 2025, was $129.6 million, a 61% increase from $80.4 million in the same period in 2024[260] Gross Merchandise Volume (GMV) - The Gross Merchandise Volume (GMV) for the three months ended December 31, 2025, was $13.8 billion, representing a 36% increase from $10.1 billion in the same period in 2024[251] - For the three months ended December 31, 2025, Pay-in-X represented 17% of total GMV facilitated through the platform, up from 15% in the same period of 2024[226] - Interest-bearing loans accounted for 67% of total GMV facilitated through the platform for the three months ended December 31, 2025, down from 72% in the same period of 2024[227] - GMV from 0% APR monthly installment loans was $2.1 billion for the three months ended December 31, 2025, representing a 65% increase from $1.3 billion in the same period in 2024[252] Consumer Metrics - The number of active consumers reached approximately 25.8 million as of December 31, 2025, a 23% increase from 21.0 million in the same period in 2024[254] - Transactions per active consumer increased by 20% to 6.4 for the twelve months ended December 31, 2025, compared to 5.3 for the same period in 2024[259] - Active consumers grew to 25.8 million as of December 31, 2025, up from 21.0 million as of December 31, 2024, with transactions per active consumer increasing from 5.3 to 6.4[265] - The number of consumer transactions increased by 44% for the three months ended December 31, 2025, compared to the same period in 2024[283] Revenue Streams - Merchant network revenue grew by 34% to $328.4 million for the three months ended December 31, 2025, compared to $244.9 million in the same period in 2024[260] - Merchant network revenue increased by $83.5 million, or 34%, and $150.3 million, or 35%, for the three and six months ended December 31, 2025, respectively, compared to the same periods in 2024, driven by a GMV increase of $3.6 billion, or 36%, and $6.8 billion, or 38%[263] - Interest income increased by 21% to $493.6 million for the three months ended December 31, 2025, compared to $409.4 million in the same period in 2024[260] - Interest income increased by $84.3 million, or 21%, and $161.3 million, or 21%, for the three and six months ended December 31, 2025, respectively, correlated with a 22% increase in the average balance of loans held for investment to $8.0 billion[267] - Gain on sales of loans increased by $59.9 million, or 48%, and $115.4 million, or 61%, for the three and six months ended December 31, 2025, respectively, with loan sale volume increasing to $6.0 billion and $10.9 billion[268] - Servicing income increased by $14.1 million, or 49%, and $27.8 million, or 51%, for the three and six months ended December 31, 2025, respectively, due to a 50% increase in the average unpaid principal balance of loans held by third-party investors to $9.1 billion[272] Expenses and Costs - Loss on loan purchase commitment increased by $25.8 million, or 37%, and $43.1 million, or 35%, for the three and six months ended December 31, 2025, respectively, due to a 33% increase in total volume of loans purchased to $10.8 billion and $19.5 billion[274] - Provision for credit losses increased by $61.2 million, or 40%, and $64.1 million, or 20%, for the three and six months ended December 31, 2025, respectively, primarily related to loans held for investment[276] - Funding costs increased by $4.0 million, or 4%, and $9.8 million, or 5%, for the three and six months ended December 31, 2025, respectively, driven by a 22% increase in average total funding debt to $7.2 billion[279] - Processing and servicing expense increased by $42.6 million, or 37%, and $81.3 million, or 39%, for the three and six months ended December 31, 2025, respectively, driven by a 40% increase in payment volume to $3.1 billion and $6.0 billion[281] - Technology and data analytics expense increased by $36.7 million, or 25%, for the three months ended December 31, 2025, compared to the same period in 2024[283] - Sales and marketing expense decreased by $37.3 million, or 27%, during the three months ended December 31, 2025, compared to the same period in 2024[285] - General and administrative expense increased by $1.8 million, or 1%, during the three months ended December 31, 2025, compared to the same period in 2024[287] - Other income, net, decreased by $71.6 million, or 82%, during the three months ended December 31, 2025, compared to the same period in 2024[289] Cash Flow and Financing - Net cash provided by operating activities was $548.3 million for the six months ended December 31, 2025[308] - Net cash used in investing activities was $1.5 billion for the six months ended December 31, 2025, primarily driven by purchases and origination of loans held for investment of $22.5 billion[310] - Net cash provided by financing activities was $1.3 billion for the six months ended December 31, 2025, with cash inflows driven by $18.4 billion in proceeds from the issuance of secured debt[313] - Cash outflows related to principal repayments on secured debt were $17.0 billion for the six months ended December 31, 2025[313] - The company has drawn an aggregate of $1.9 billion on its warehouse credit facilities as of December 31, 2025[296] - The company intends to add necessary funding capacity to support growth objectives as it expands into new geographies[298] Risk and Economic Environment - The macroeconomic environment, including interest rate changes and economic uncertainty, continues to impact consumer demand and loan repayments[238] - Continued volatility in interest rates may adversely impact consumers' spending levels and willingness to pay outstanding amounts owed[327] - The company maintains an interest rate risk management program, estimating that a hypothetical 100 basis point upward shock to interest rates would have a less than $70.0 million adverse impact on cash flows over the next 12 months[329] - The company was exposed to credit risk on $8.8 billion of loans held within its interim condensed consolidated balance sheet as of December 31, 2025[332] - The fair value of notes receivable and residual trust certificate retained interests in unconsolidated securitization trusts was $80.1 million as of December 31, 2025[333] - The company has sold $10.2 billion in unpaid principal balance loans subject to risk sharing arrangements as of December 31, 2025, with a maximum exposure to losses of $75.9 million[333] Future Plans - The company submitted applications to establish Affirm Bank on January 23, 2026, which would operate as a wholly owned, Nevada-chartered, FDIC-insured bank subsidiary[244] - The company expects seasonal fluctuations in GMV, with the strongest performance typically occurring during the fiscal second quarter due to holiday spending[237] - The company leverages a diverse capital ecosystem to support resilience across various macroeconomic conditions and economic cycles[239]

This document contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended, that involve risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including statements regarding: the Company's strategy and future operations, including the Company's partnerships with certain key merchant partners and commerce platf ...

The buy now, pay later company saw revenue increase 30% to $1.12 billion in its second quarter as its gross merchandise volume grew. ...

SAN FRANCISCO--(BUSINESS WIRE)--Affirm Holdings, Inc. (NASDAQ: AFRM) ("Affirm†or the "Company†) today reported financial results for its fiscal 2026 second quarter ended December 31, 2025. The results, which include a shareholder letter furnished to the U.S. Securities and Exchange Commission on Form 8-K, can be found in the "Quarterly Results†section of the Company's investor relations website at https://investors.affirm.com/. Affirm will host a conference call and webcast to discuss its fin. ...

affirm) Operating Income As a percent of Revenue +11 pp Revenue Second Fiscal Quarter 2026 Shareholder Letter a ··1234 (0) Pay over time Pay in full > Purchasing power Plan a purchase Get your terrariums for as low as 0% APR Shop now → Fellow Affirm Shareholders, We delivered another round of excellent results in Affirm's second quarter of FV'26. Gross Merchandise Volume ("GMV") +36% +30% Adjusted Operating Income1 As a percent of Revenue +3 pp Revenue Less Transaction Costs ("RLTC")1 +29% Net Income +$49M ...

Affirm Holdings Inc (NASDAQ:AFRM) traded lower on Thursday as investors positioned ahead of the company’s second-quarter fiscal 2026 earnings report scheduled for release after the market close.Earnings ExpectationsAnalysts expect Affirm Holdings to report earnings per share of $0.61 for the quarter, according to consensus estimates. The buy now, pay later provider will release results following Thursday’s closing bell.Market Pressure Weighs On Tech NamesThe stock’s decline comes amid a broader sell-off in ...

Industry Overview - Many fintech stocks have experienced significant declines due to inflation, high interest rates, and macroeconomic challenges, impacting industry growth [1] - Intense competition has made it difficult for smaller players to scale their businesses and improve margins [1] Investment Opportunities - The recent sell-off in fintech stocks may present a buying opportunity for long-term investors, particularly in companies like Upstart and Affirm, which have seen their stock prices drop approximately 90% and 60% from all-time highs, respectively [2] Company Profiles - Upstart operates an AI-driven online lending marketplace, utilizing non-traditional data points to approve loans, having originated over $50.4 billion in loans for more than 3 million customers [3] - Affirm offers buy now, pay later services to younger, lower-income consumers, serving 24.1 million active consumers and 419,000 active merchants, without charging compound interest or hidden fees [4] Growth Projections - Analysts project Upstart's revenue and adjusted EBITDA to grow at CAGRs of 20% and 35% from 2025 to 2027, while Affirm's revenue and adjusted EBITDA are expected to increase at CAGRs of 25% and 125% from fiscal 2025 to fiscal 2028 [6] Valuation Insights - Upstart has an enterprise value of $4.6 billion, trading at 13 times next year's adjusted EBITDA, while Affirm, valued at $24.7 billion, trades at 16 times next year's adjusted EBITDA, indicating both stocks may be undervalued relative to their growth potential [7]

NEW YORK (AP) — Rent can eat up an entire paycheck at the start of the month, so a growing number of renters are turning to a financial product that promises relief by letting them split the bill — for a price. So-called “rent now, pay later” services have emerged over the past few years as housing costs climb and paychecks grow less predictable, particularly for lower-income and gig-economy workers. According to the Bureau of Labor Statistics, rents have jumped nearly 28% in past five years. Companies ...

Core Viewpoint - Morgan Stanley has identified SoFi Technologies as the 'best fintech asset' amidst a positive sentiment towards fintech stocks on Wall Street, with both SoFi and Affirm Holdings receiving upgrades and recognition [1]. Group 1: Company Insights - SoFi Technologies is experiencing a surge in interest from investors, highlighted by recent upgrades from analysts [1]. - The CEO of SoFi Technologies, Anthony Noto, is mentioned, indicating leadership involvement in the company's positive trajectory [1]. Group 2: Industry Trends - The fintech sector is currently favored by Wall Street, with multiple companies, including SoFi and Affirm Holdings, gaining attention and accolades [1].