Affirm Holdings reported its most profitable quarter ever, excluding a tax allowance release, and announced leadership promotions as CEO Max Levchin shifts focus to products for fiscal 2028-2029. CFO Rob O'Hare addressed why the fiscal 2027 revenue less transaction costs outlook is at 4.16% versus the previously discussed 3.25% to 4% range, citing debt market execution and a stable funding mix. The company expects a mid- to high-20% run-rate GAAP tax rate but warns of volatility. Levchin emphasized product breadth beyond point-of-sale BNPL, including a card, an account, and a business purchase version, and said new initiatives will surface in fiscal 2028-2029. Management reiterated underwriting discipline, noting growth would slow before credit deterioration.
Affirm Holdings IncMost profitable quarter ever and reiterated underwriting discipline, with CFO addressing revenue outlook.
