Overview
- Affirm reported fiscal Q2 earnings of $0.23 per share, significantly beating analyst expectations of a $0.15 loss per share.
- Revenue for the quarter rose 47% year-over-year to $866 million, driven by strong holiday sales and increased demand for zero-percent financing options.
- Gross merchandise volume (GMV) surpassed $10 billion for the first time, reflecting 35% growth compared to the same period last year.
- The company’s active customer base grew 23% to 21 million, with transactions per active customer increasing to 5.3 from 4.4 a year ago.
- Affirm maintained its fiscal 2025 revenue guidance of $3.13 billion to $3.19 billion and reaffirmed its goal of achieving GAAP profitability by the end of the fiscal year.