Affirm Holdings reported fiscal fourth-quarter results that topped Wall Street expectations on revenue and transaction volume, sending its stock up roughly 7% on Friday. Revenue rose 33% to $1.17 billion in the three months ended June 30, beating the $1.11 billion analyst estimate, while gross merchandise volume climbed 36% to $14.1 billion, exceeding the $13.39 billion forecast. Adjusted operating income reached $353 million, a 30% margin, and GAAP operating income was $147 million, a 12.6% margin. For the full fiscal year, GMV hit $50.2 billion and revenue $4.26 billion. Active consumers grew 21% to 27.8 million, and the Affirm Card drew 5.2 million active consumers, up 125%. The 30-day delinquency rate improved to 2.5%. The company also announced a partnership with Shopify to bring Shop Pay Installments to Australia. For fiscal Q1 2027, Affirm expects revenue of $1.19 billion to $1.22 billion and GMV of $13.7 billion to $14.0 billion, and for the full year, GMV above $64 billion with an adjusted operating margin above 30.5%. CEO Max Levchin noted that rising gas prices are pushing more consumers toward Affirm's service, and President Michael Linford highlighted eleven straight quarters of GMV growth above 30%.
Affirm Holdings IncQ4 revenue and GMV beat estimates, driving stock up 7%
Shopify IncPartnership with Affirm to bring Shop Pay Installments to Australia expands Shopify's payment options
