Overview
- Affirm reported earnings of $0.23 per share versus the $0.11 consensus and revenue of $933.33 million versus $883.14 million, up 34% year over year.
- Gross merchandise volume rose to $10.8 billion, including $1.4 billion from the new debit card, while debit card revenue of $69.33 million matched forecasts.
- Adjusted operating margin expanded to 28.3% from 19% a year earlier, signaling a stronger profitability profile.
- The company guided fiscal Q2 revenue to $1.03 billion to $1.06 billion with a midpoint near $1.045 billion, roughly in line with Wall Street expectations.
- Shares climbed about 10% to 11% in extended trading as results reinforced a business shift toward zero‑percent BNPL plans funded by merchant fees.