Affirm Holdings (AFRM) Company Report

Affirm and Virgin Media O2 have announced a new partnership to provide flexible hardware financing options to O2 customers in the UK.
This partnership will offer financing for mobile phones, headphones, and games consoles, with monthly payment plans that include no late or hidden fees and no compound interest.
The collaboration is expected to be available to Virgin Media O2 customers later this summer, pending regulatory approval.
The partnership enables Virgin Media O2 to expand its offering to the SIM-free market.

21 hours ago

Press Release

Affirm Holdings Reports Strong Q2 2026 Results and Provides Outlook

AFRM

Earnings

Guidance Update

New Projects/Investments

Affirm Holdings reported excellent results for Q2 2026, with CEO Max Levchin stating the consumer is "quite healthy" and able to repay.
The company expects RLTC take rates to be slightly above 4% in Q3 and Q4, driven by benefits from lower funding costs, despite a softening in revenue take rates due to increased 0% loan mix.
The Affirm Card is a significant growth driver, with GMV up 160% year-over-year, active cardholders up 121%, and 0% deals on the card up 190% year-over-year for the quarter.
Affirm has applied for an industrial loan company bank charter, primarily for regulatory certainty, noting the timeline is "certainly years".
The company projects a slowdown in GMV growth to 30% in Q3 and 25% in Q4, attributed partly to comping a transition with a large retail partner.

1 day ago

Transcript

Affirm Holdings Discusses Q2 2026 Performance and Strategic Initiatives

AFRM

Earnings

Guidance Update

New Projects/Investments

Affirm Holdings expects RLTC take rates to be slightly above 4% in Q3 and Q4 2026, benefiting from lower funding costs in the ABS market, with the latest ABS deal priced with a spread under 100 basis points and a weighted average yield below 4.6%.
The Affirm Card demonstrated significant growth in Q2 2026, with GMV up nearly 160%, active cardholders increasing by 121%, and 0% deals rising by 190% year-over-year, making it a material part of the business.
Affirm is expanding its market reach through new strategic partnerships, including with Intuit to offer buy now, pay later for services billed through QuickBooks, and with Fiserv to enable financial institutions to provide BNPL capabilities to their debit card users.
The company's application for a bank charter is a long-term investment primarily focused on regulatory certainty, with a timeline of "certainly years," and is not expected to provide short-term reductions in the cost of funds.

1 day ago

Transcript

Affirm Holdings Discusses Q2 2026 Performance and Future Outlook

AFRM

Earnings

Guidance Update

New Projects/Investments

Affirm Holdings expects RLTC take rates slightly above 4% for Q3 and Q4 2026, benefiting from lower funding costs, as evidenced by a recent ABS deal priced with a spread under 100 basis points and a weighted average yield below 4.6%.
The company projects a slowdown in GMV growth to 30% in Q3 and 25% in Q4 2026, but anticipates continued operating leverage and improved FY 2026 margin expansion.
Growth is significantly driven by the Affirm Card, with GMV up nearly 160% and active cardholders up 121% year-over-year, alongside international expansion into markets like the U.K..
Active merchant growth increased by 42%, boosted by wallet partnerships, and Affirm is expanding its platform to banks through new partnerships such as with Fiserv.

1 day ago

Transcript

Affirm Holdings Announces Strong Q2 2026 Results and Positive Outlook

AFRM

Earnings

Guidance Update

Revenue Acceleration/Inflection

Affirm Holdings reported revenue of $1,123 million and Gross Merchandise Volume (GMV) of $13.8 billion for FY Q2 2026.
The company achieved an Adjusted Operating Income of $337 million and an Adjusted Operating Margin of 30% in FY Q2 2026.
Key operating metrics showed significant growth, with Active Consumers increasing by 23% and Total Transactions growing by 44% year-over-year in FY Q2 2026.
For FY Q3 2026, Affirm projects revenue between $970 million and $1,000 million and GMV between $11.00 billion and $11.25 billion, alongside an Adjusted Operating Margin of 24.5% to 25.5%.

1 day ago

Presentation

Affirm Holdings, Inc. Reports Strong Q2 2026 Financial and Operational Growth

AFRM

Earnings

Guidance Update

Revenue Acceleration/Inflection

Affirm Holdings, Inc. reported strong Q2 2026 financial results, with revenue increasing 30% year-over-year to $1,123 million and Gross Merchandise Volume (GMV) growing 36% to $13.8 billion.
The company achieved net income of $129.6 million and saw Adjusted Operating Income rise 42% to $337 million, leading to an Adjusted Operating Margin of 30.0%.
Operational growth was robust, with active consumers increasing 23% to 25.8 million and active merchants growing 42% to 478 thousand as of December 31, 2025.
Strategic partnerships expanded, including a multi-year agreement with Intuit and renewals with Expedia, while funding capacity increased to $28.0 billion.
For Q3 2026, Affirm provided guidance projecting GMV between $11.00 billion and $11.25 billion and revenue between $970 million and $1,000 million.

1 day ago

8-K

Affirm Leads Canadian BNPL Market Growth

AFRM

New Projects/Investments

Revenue Acceleration/Inflection

The Canadian Buy Now Pay Later (BNPL) market is projected to grow by 16.5% annually to US$9.53 billion in 2026, with a Compound Annual Growth Rate (CAGR) of 12.0% from 2026-2031, reaching approximately US$16.76 billion by 2031.
Affirm maintains a leading position in the Canadian BNPL market through strategic partnerships, including being the exclusive provider of Shop Pay Installments in Canada via Shopify, and expanding relationships with Adyen and travel platforms like KAYAK.
The competitive landscape is becoming more concentrated, with major Canadian banks increasingly offering card-linked installment plans as alternatives to traditional BNPL services.
Regulatory scrutiny is increasing, with Canadian authorities incorporating BNPL into consumer protection agendas, which is expected to increase compliance costs and favor larger, well-capitalized players.

3 days ago

Press Release

Affirm and Expedia Group Expand Partnership with U.S. Exclusivity and Canadian Expansion

AFRM

New Projects/Investments

Revenue Acceleration/Inflection

Affirm has expanded its multi-year partnership with Expedia Group, becoming the exclusive "Buy Now, Pay Later" (BNPL) provider for accommodations and packages across Expedia, Hotels.com, and Vrbo in the United States.
The partnership will also extend to Canadian travelers for certain accommodations in the coming weeks.
Travelers can access personalized monthly payment plans for up to 24 months, with eligible U.S. travelers offered 0% APR options for 3 or 6-month plans.
Affirm's model ensures no compound interest or late fees are charged to consumers.

8 days ago

Press Release

Affirm Remains Dominant in Expanding Global BNPL Market

AFRM

New Projects/Investments

Revenue Acceleration/Inflection

The global Buy Now Pay Later (BNPL) market is forecast to grow by 18.9% annually to US$509.2 billion in 2026, and is projected to reach approximately US$1.00 trillion by 2031 from its 2025 value of US$428.2 billion.
The BNPL market is undergoing structural shifts, with increased competition from banks, card networks, and fintech-adjacent payment platforms, which may pressure pure-play BNPL firms to consolidate, partner, or adopt embedded-financing models.
Among established pure-play BNPL firms, Affirm remains dominant globally, continuing to offer point-of-sale loans and virtual/physical cards, and expanding its integrations with merchants and banking partners.

Jan 29, 2026, 3:52 PM

Press Release

Affirm Partners with Bolt for Buy Now, Pay Later Integration

AFRM

New Projects/Investments

Product Launch

Revenue Acceleration/Inflection

Affirm has entered a strategic partnership with Bolt, becoming the default buy now, pay later (BNPL) provider across Bolt's checkout experience in the United States.
This integration will embed Affirm's flexible payment options directly into Bolt's one-click checkout, allowing merchants to offer biweekly or monthly payment plans, including options as low as 0% APR where eligible.
The partnership, which begins rolling out to select merchants this month, is designed to enhance conversion rates, increase average order value, and drive overall sales for Bolt merchants.