Affirm Holdings Reports Strong Start to Fiscal 2026

Affirm Holdings, Inc. ( (AFRM) ) has released its Q1 earnings. Here is a breakdown of the information Affirm Holdings, Inc. presented to its investors.

Affirm Holdings, Inc. is a financial technology company that operates a payment network, offering consumers and merchants innovative payment solutions, primarily focusing on buy-now-pay-later (BNPL) services. The company leverages data-driven insights to enhance credit approvals and consumer engagement.

Affirm Holdings has reported a strong start to its fiscal year 2026, showcasing significant growth in both revenue and profitability. The company achieved a record Gross Merchandise Volume (GMV) of $10.8 billion, representing a 42% increase from the previous year, and total revenue rose by 34% to $933 million.

Key highlights from the earnings report include a 60% increase in Revenue Less Transaction Costs (RLTC) to $455 million, and a notable improvement in operating income, which reached $64 million compared to a loss in the previous year. Affirm’s strategic partnerships, such as the extended agreement with Amazon and the expansion with Shopify in the UK, have contributed to its robust performance. The company also saw a 135% growth in GMV from its Affirm Card, with active cardholders reaching 2.8 million.

Affirm’s management remains optimistic about future growth, with plans to expand its product offerings and international presence. The company aims to maintain its momentum by leveraging its data assets and network effects to enhance its payment solutions and continue building trust with consumers and merchants.

Looking ahead, Affirm is focused on sustaining its growth trajectory by capitalizing on its strategic partnerships and expanding its market reach. The company is committed to delivering innovative financial products that meet the evolving needs of its customers, while maintaining a strong emphasis on credit quality and operational efficiency.