Affirm delivers quarterly results and guidance beat, raises full-year GMV outlook Anuron Mitra Thu, November 5, 2026 at 4:55 PM EST 2 min read AMZN -4.33% AFRM -15.32% WMT -1.53% SHOP -7.26% Explore stocks on Coinbase Trading disclosure Trading disclosure The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.
Investing.com -- Affirm on Wednesday delivered a quarterly top- and bottom-line beat and provided current quarter revenue guidance that beat expectations. The company also raised its fiscal full-year gross merchandise volume (GMV) outlook.
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Affirm offers buy now, pay later services that caters to both customers and merchants. For the former, Affirm's payment network allows purchases to be split into fixed monthly or bi-weekly installment plans online and in physical stores. The firm does not charge any hidden fees, including late fees.
For merchants, Affirm connects them to consumers and provides them with payment plans for their products and services. These merchants include major retailers and e-commerce platforms such as Amazon, Walmart, and Shopify.
The San Francisco, California-based company earned 47 cents per share on revenue of $1.26 billion for its fiscal Q1 2027. Analysts had expected a profit of 38 cents per share on revenue of $1.21 billion.
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GMV rose 33.3% Y/Y to $14.4 billion in the quarter. Total transactions during the quarter increased 34% Y/Y to 56 million, in-line with overall GMV growth.
Active consumers on AFRM's platform ticked up 19% Y/Y to 28.7 million as of September 30, 2026, while the active merchant count increased 48% Y/Y to 621k.
"The increase in merchant count was diversified across several drivers, with the largest being the ongoing scaling of a wallet partnership, continued success serving long-tail merchants via ISV partners, and the ramping of our partnership with a large digital invoicing platform. Additionally, our ongoing international expansion into Canada and the UK accounted for approximately 20% of the quarter-over-quarter increase in active merchant count," the company said in a letter to shareholders.
For Q2, AFRM sees GMV of $17.9 billion to $18.2 billion and revenue of $1.435 billion to $1.465 billion. The consensus estimate was for revenue of $1.43 billion.
For fiscal full-year 2027, Affirm expects GMV of more than $65.25 billion, up from a prior outlook of more than $64 billion. Revenue is anticipated to be similar to fiscal 2026 as a percentage of GMV of about 8.49%.
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