Affirm(NASDAQ) AFRM

Affirm lets people split purchases into smaller payments over time. Shoppers use Affirm at checkout for flexible payment plans. Merchants use Affirm to attract more customers and increase sales.

Products and Services

• Installment Loans: Interest-bearing loans for consumers at checkout (72% of GMV in Q1 2025).
• Affirm Card: Physical and virtual card for online and in-store purchases (10% of transactions in Q1 2025).
• Merchant Solutions: Tools for businesses to offer Affirm, boost sales, and attract new customers.
• Consumer App: Mobile app for managing payments, applying for loans, and accessing a savings account.
• Servicing and Affiliate Revenue: Fees from managing loans and referring customers to merchants.

Growth and Expansion

• Expanded merchant base from 292,000 to 358,000 between March 2024 and March 2025.
• Launched Affirm Card, growing to approximately 10% of transactions as of March 31, 2025.
• Formed and renewed partnerships with Amazon and Shopify in 2024-2025.
• Entered Canada and the U.K. with direct loan origination in 2024-2025.
• Increased funding capacity with new securitization and warehouse facilities in 2025.

What Makes Affirm Stand Out

Affirm uses technology to assess credit risk and offer transparent payment plans. Its platform serves both consumers and merchants, supporting a wide range of industries. The company’s cloud-based infrastructure allows it to scale quickly and adapt to changing market needs.

Five Things You Need to Know

• Revenue was $933 million in Q1 2026, up 33.6% from Q1 2025.
• Operating income was $64 million in Q1 2026, compared to a $133 million loss in Q1 2025.
• Active consumers grew to 21.9 million by March 2025, up 21% year-over-year.
• Cash and investments totaled $2.13 billion as of March 2025.

Bottom Line

Affirm has grown by expanding its product range, merchant network, and geographic reach. The company’s focus on flexible payments and technology-driven risk management supports its position in digital commerce.