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4h ago

Affirm Soars on Q4 Beat as Record GMV Delivers First Operating Profit Since IPO

Operating profitability with record transaction volume signals progress toward durable growth.

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Overview

  • Fourth-quarter EPS came in at $0.20 on revenue of $876 million, topping estimates, with net income of $69.2 million after a loss a year ago.
  • Gross merchandise volume hit a record $10.4 billion, up about 43% year over year, and operating income turned positive for the first time since going public.
  • Affirm guided first-quarter revenue to $855 million to $885 million and GMV to $10.1 billion to $10.4 billion, and it said full-year fiscal 2026 GMV should exceed $46 billion.
  • Shares jumped roughly 15% in after-hours and premarket trading following the results.
  • Product and technology gains underpinned growth, with Affirm Card GMV up 132% to $1.2 billion, active cardholders near 2.3 million, and early AdaptAI deployments delivering about a 5% lift in merchant volume.