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Affirm Holdings (AFRM)
NASDAQ:AFRM
Earnings Data
Report Date
May 07, 2026After Close (Confirmed)
Period Ending
2026 (Q3)Consensus EPS Forecast
0.18Last Year’s EPS
0.01Same Quarter Last Year
Moderate Buy
Based on 23 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented multiple strong operational and financial positives: robust Q2 GMV growth, very strong Affirm Card adoption and GMV gains, meaningful merchant diversification (large 'other' bucket and wallet partnerships), improved funding execution with lower ABS costs, and early but promising AI-driven product wins (Boost AI). Credit performance and consumer health were described as stable. Balancing these positives, management provided guidance signaling a near-term slowdown in GMV growth (30% Q3, 25% Q4), disclosed variability driven by a large merchant transition, and noted longer‑term uncertainty around a bank charter and continued regulatory complexity. On balance, the positive growth, product momentum, diversified merchant base, and strong capital markets execution outweighed the headwinds and uncertainty discussed.Company Guidance
Strong GMV Growth in the Quarter
Q2 GMV grew ~36% year-over-year, demonstrating continued topline expansion versus the prior-year period.
Affirm Card Rapid Expansion
Affirm Card GMV was up just under 160% YoY; active cardholders increased 121% YoY; 0% deals on the card rose ~190% YoY — the card is a fast-growing engagement and acquisition channel.
Merchant Count and Diversification
Active merchant count accelerated to +42% YoY, helped by wallet partnerships; the 'Other' GMV category reached ~15% of total GMV and is growing at triple‑digit rates, reflecting diversification across many smaller merchants.
Capital Markets Execution and Lower Funding Costs
Execution in ABS markets was strong — latest deal priced with spreads under 100 bps and a weighted average yield below 4.6%. Management noted meaningful benefits to transaction costs from lower funding costs and constructive demand from forward-flow and private credit partners.
Product Innovation and AI-Led Merchant Tools
New products like Boost AI (automated A/B testing and an ad-like channel for incremental merchant dollars) and Adapt AI are early but driving conversion lift; a recent promotional event (“big nothing”) produced strong conversion and cardholder growth.
Healthy Consumer Credit Trends
Management reported consumers remain healthy, able and willing to repay. Credit performance metrics (NACo curves) remain stable and provisions only ticked up modestly by a few basis points.
International Progress
International expansion is progressing (UK momentum highlighted with partners like Wayfair and other announced integrations); Shopify-related flows are still scaling and pipeline activity is strong.
AFRM Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
AFRM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 05, 2026 | $62.16 | $59.42 | -4.41% |
Nov 06, 2025 | $65.96 | $73.62 | +11.61% |
Aug 28, 2025 | $79.99 | $88.46 | +10.59% |
May 08, 2025 | $54.26 | $46.41 | -14.47% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Affirm Holdings (AFRM) report earnings?
Affirm Holdings (AFRM) is schdueled to report earning on May 07, 2026, After Close (Confirmed).
What is Affirm Holdings (AFRM) earnings time?
Affirm Holdings (AFRM) earnings time is at May 07, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is AFRM EPS forecast?
AFRM EPS forecast for the fiscal quarter 2026 (Q3) is 0.18.
