Affirm(NASDAQ) AFRM

Affirm Holdings helps people buy things now and pay later. Shoppers split costs into fixed payments without hidden or late fees. The service helps stores reach more customers and grow their sales.

Five Ways to Transact

• Monthly Installment Loans: Fixed payment plans where consumers pay simple interest over terms ranging from weeks to years.
• Pay-in-X: Short-term payment plans consisting of one to four interest-free installments intended for smaller, more frequent purchases.
• Affirm Card: Debit card that allows users to pay in full or split purchases into installments through an app.
• Affirm Money Account: High-yield savings account offered through a partner bank with no fees or minimum balance requirements.
• Affirm Marketplace: Digital platform that provides personalized advertisements and tailored offers from various merchant partners to consumers.

New Frontiers and Features

• Established the Affirm Card to drive higher transaction frequency and increase usage at physical store locations.
• Expanded international operations into the United Kingdom and Australia during the 2025 and 2027 fiscal years.
• Applied to establish Affirm Bank as an industrial loan company in Nevada on Jan. 23, 2026.
• Introduced AdaptAI as an artificial intelligence platform to provide personalized shopping promotions and offers to consumers.

Why Affirm Approves More

Affirm uses a proprietary risk model that analyzes over 1,000 data points to assess credit-worthiness at the transaction level. This technology-first approach helps the company approve more customers while maintaining lower fraud rates and credit losses compared to traditional models.

Key Financial Performance Metrics

• Gross merchandise volume hit $50.2 billion in fiscal year 2026, up 37% year over year.
• Total revenue reached $4.26 billion during the fiscal year ended June 30, 2026, an increase of 32%.
• Operating income was $417.0 million in fiscal year 2026, up from an $87.3 million loss in 2025.
• Repeat consumers drove 96% of all transactions during the fiscal year ended June 30, 2026.
• Transactions per active consumer reached 7.0 as of June 30, 2026, a 20% increase year over year.

Evolution of the Network

Affirm has transitioned from a simple checkout tool into a comprehensive payment network and financial services platform. Its focus on transparent pricing and advanced risk modeling continues to drive growth across its merchant and consumer ecosystems.