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$AFRM (+4,68%) | Affirm Q1 Earnings Highlights:


๐Ÿ”น Revenue: $698M (Est. $664M) ๐ŸŸข; UP +41% YoY

๐Ÿ”น EPS: -$0.31 (Est. -$0.45) ๐ŸŸข

๐Ÿ”น GMV: $7.6B; UP +35% YoY

๐Ÿ”น RLTC: $285M; Maintains 3.8% margin relative to GMV


Guidance:

๐Ÿ”น Q2 Revenue: $770M-$810M (Est. $785M) ๐ŸŸข

๐Ÿ”น FY25 Revenue: $3.04B (Est. $3.02B) ๐ŸŸข


Key Operational Metrics:

๐Ÿ”น Adj Operating Income: $130M; margin of 18.6%

๐Ÿ”น Active Consumers: 19.5M; UP +21% YoY

๐Ÿ”น Active Consumers: 19.5M; UP +21% YoY

๐Ÿ”น Transactions per Active Consumer: 5.1 vs. 4.1 YoY

๐Ÿ”น Active Merchants: 323,000; UP +21% YoY

๐Ÿ”น Total Transactions: 27.2M vs. 18.8M in Q1 FY2024


Credit Performance:

๐Ÿ”น Delinquency Rates: Slight increases in 30+, 60+, and 90+ day categories due to credit seasonality and expanded loan approvals


Strategic Highlights and Initiatives:

๐Ÿ”ธ Affirm Card Growth: Over 1.4M active cardholders; GMV per user exceeding $3,000

๐Ÿ”ธ Product Expansion: Launched in the UK, integrated with Apple Pay, and expanded partnerships with Shopify and WooCommerce

๐Ÿ”ธ Funding Capacity: Increased to $16.8B; Authorized convertible debt repurchase of up to $500M for 2025


CEO Max Levchinโ€™s Commentary:

๐Ÿ”ธ "Shop Pay Installments, powered by Affirm, has surpassed $10B in cumulative GMV. We're excited to deepen our joint initiatives with Shopify, including off-Shopify Shop Pay."

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