Affirm Holdings, Inc. (AFRM)
NASDAQ:AFRM
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Earnings Data
Report Date
Aug 20, 2026After Close (Confirmed)
Period Ending
2026 (Q4)Consensus EPS Forecast
0.34Last Year’s EPS
0.2Same Quarter Last Year
Strong Buy
Based on 23 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call had a decisively positive tone: management reported record performance, strong funding markets with improving funding costs (~125 bps YoY), accelerated merchant growth (+44% active merchants), robust Card momentum (multi‑million cardholder base and billions in volume), and rising engagement metrics (transactions per active >20%). Credit performance was described as stable with elevated prepayments as a constructive signal. Manageable lowlights include a sequential uptick in allowance (seasonal and mix-driven), the lower RLTC profile of merchant-funded 0% offers, a modest near-term comp headwind, and small incremental AI/tooling costs. Overall, the positive operational and capital-market developments substantially outweigh these limited near-term challenges.Company Guidance
Record Quarter and Strong Tone from Management
Management described fiscal Q3 as "another one for the record books," signaling broad confidence in results and execution across products and operations.
Funding Costs Improved ~125 bps Year-over-Year
Management reported funding costs down on the order of 125 basis points year-over-year, driven by lower benchmark rates and tightening spreads across ABS and whole-loan channels.
Deep, Constructive Capital Markets and Deal Execution
Affirm executed three funding deals this year (two revolving in the quarter and one priced static deal), with consistent oversubscription, tightening spreads, strong demand from investors and sustained forward-flow appetite.
Active Merchant Count Accelerated (+44%)
Active merchant count increased 44% year-over-year (accelerating beyond a strong prior quarter), with large platform partners (e.g., Shopify, PSPs, new Intuit program) cited as meaningful contributors to merchant growth and presentment expansion.
Pay-in-X / Pay-in-4 is Fastest-Growing Segment
Pay-in-X (Pay-in-4 and related 0% offers) is the fastest-growing segment; growth driven by Shopify volume and a large program moving to evergreen 0% via Pay-in-4, with management expecting the trend to continue into fiscal Q4.
Affirm Card Momentum (Scale and Engagement)
Affirm Card continues to scale (management referenced a ~4.4M cardholder base and billions in Card volume), remains the fastest-growing and most profitable product, with card attach at roughly 20% of active users and significant internal investments to increase adoption and usage.
Transactions per Active Trending Above 20%
Management highlighted transactions per active user growing above 20%, driven by increased merchant presentment, Card adoption, and higher consumer engagement across categories.
AI & Agentic Development Boosting Productivity with Modest Cost
Affirm reported a notable ramp in agentic written code and AI-driven development velocity; management called it "unequivocally accretive to the bottom line." Incremental AI/dev tool spend is small (low single-digit millions per quarter) and is expected to accelerate feature delivery without AI-related layoffs.
Strong Credit Signals: Stable Delinquencies and Elevated Prepayments
Management stated delinquencies remain stable for Affirm's chosen underwriting population. Elevated prepayments (tax-season driven) were reported as a positive credit signal and contributed to tightening loan balances.
High Repeat Usage and Durable Unit Economics
Affirm reiterated that 90%+ of transactions are from returning users and that RLTC margins continue to run above long-term targets, reflecting durable unit economics across products.
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 |
|---|---|---|---|
May 07, 2026 | $67.36 | $64.01 | -4.97% |
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% |
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, Inc. (AFRM) report earnings?
Affirm Holdings, Inc. (AFRM) is schdueled to report earning on Aug 20, 2026, After Close (Confirmed).
What is Affirm Holdings, Inc. (AFRM) earnings time?
Affirm Holdings, Inc. (AFRM) earnings time is at Aug 20, 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 (Q4) is 0.34.
