Affirm Holdings reported fourth-quarter fiscal 2026 earnings of $4.62 per share, beating the Zacks Consensus Estimate of 33 cents by 1,300% and rising from 20 cents a year ago. Revenues of $1.17 billion grew 33% year over year and surpassed the consensus mark of $1.11 billion. The results were driven by robust Gross Merchandise Volume growth, higher transactions, strong repeat customer engagement, and increased interest income, with rapid growth in Affirm Card adoption and merchant activity also supporting performance. However, elevated operating expenses and higher provision for credit losses partly offset gains, while the bottom line benefited from a $1.45 billion income tax benefit related to the release of a valuation allowance on domestic deferred tax assets. As of June 30, 2026, active merchants totaled 570,800, up 50% year over year, and GMV increased 36% to $14.1 billion, surpassing the consensus estimate of $13.4 billion. For the first quarter of fiscal 2027, Affirm expects GMV of $13.7-$14.0 billion and revenues of $1.19-$1.22 billion, and for fiscal 2027, it expects GMV of more than $64 billion.
Affirm Holdings IncQ4 earnings beat on strong GMV growth and revenue, with a tax benefit boosting EPS.
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