Overview
- Affirm reported its fiscal quarter ended June 30 after market hours on Thursday, delivering about $1.17 billion in revenue and roughly $14.1 billion in gross merchandise volume.
- GAAP earnings per share came in at $4.62, a result far above analyst forecasts and boosted by one‑time tax items reported by the company.
- Management raised near‑term revenue guidance to about $1.19 billion–$1.22 billion for the next quarter and said fiscal‑year GMV should exceed $64 billion.
- Affirm expanded its partnership with Shopify to launch Shop Pay Installments in Australia, a move management said will accelerate merchant-driven customer growth.
- The company reported improving credit trends with a 30‑day delinquency rate near 2.5% when excluding certain loan products, and the earnings and guidance sent the stock up about 9–12% while several analysts raised price targets.