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Affirm Holdings reported earnings Q3 FY2025 results ended on Mar 31, 2025

$AFRM (+1,03 %)


- Revenue: $783.1M, +36% YoY

- Net Income: $2.8M vs -$133.9M in Q3 2024

- GMV: $8.6B, +36% YoY


🌱Revenue & Growth

- Network Revenue: $272.5M, +40% YoY

- Interest Income: $402.7M, +28% YoY

- Active Consumers: 21.9M, +23% YoY

- Active Merchants: 358.4K, +23% YoY


💰Profits & Health

- Operating Loss: -$8.4M vs -$160.8M in Q3 2024

- Adjusted Operating Income: $174M, +121% YoY

- Operating Margin: -1% vs -28% in Q3 2024

- Adjusted Operating Margin: 22% vs 14% in Q3 2024

- Net Cash: $2.1B, +$250M from Dec 2024


📌Business Highlights

- Added 1.8M new-to-Affirm consumers

- Affirm Card GMV: $807M, +115% YoY

- Partnered with Costco for online payments

- Extended Shopify agreement to Jun 2028

- Launched real-time merchant dispute adjudication


🔮Future Outlook

- Q4 2025 GMV: $9.4B-$9.7B

- Q4 2025 Revenue: $815M-$845M

- Q4 2025 Operating Margin: 1%-3%

- Q4 2025 Adjusted Operating Margin: 23%-25%

- FY2025 GMV: $35.7B-$36B

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