Affirm Holdings, Inc. Stock Price, News & Analysis

Affirm Holdings reported strong results for Q4 and fiscal year 2022, with GMV soaring 77% year-over-year to $4.4 billion, and total revenue increasing 39% to $364.1 million. Active merchants jumped from 29,000 to 235,000, while active consumers rose 96% to 14 million. However, operating losses widened to $277.2 million, and net losses reached $186.4 million. The company anticipates revenue for Q1 2023 to be between $345 million and $365 million, while the full fiscal year 2023 revenue is expected to be between $1.625 billion and $1.725 billion.

BigCommerce has expanded its multi-year partnership with Affirm, enabling merchants to integrate Affirm’s Adaptive Checkout™ for flexible payment options. Customers can choose bi-weekly or monthly payments on purchases between $50 and $17,500. Key benefits include potential increases in average order values by 85% and cart conversion rates by 26%. Merchants will receive full payment upfront, while Affirm manages payment collections. This partnership aims to enhance consumer affordability and boost merchant sales through greater accessibility to payment options.

Affirm Holdings, Inc. (NASDAQ: AFRM) will host a conference call on August 25, 2022 at 5:00pm ET to discuss its fourth quarter and fiscal year 2022 financial results. CEO Max Levchin and CFO Michael Linford will lead the call, which will be available via webcast on the company's investor relations website. A press release detailing the financial results will also be issued the same day. Affirm's mission centers on offering transparent financial products to enhance consumer lives and drive business growth.

SeatGeek has partnered with Affirm to enhance payment flexibility for fans attending live events. This collaboration allows consumers to choose from various payment options, aiming to make live experiences more accessible. Affirm's payment solutions are designed to be transparent, with no late or hidden fees, catering to today's budget-conscious consumers. With this partnership, SeatGeek joins over 200,000 merchants and nearly 13 million active users on Affirm's platform, reflecting a commitment to improving the live entertainment experience.

Affirm Holdings (NASDAQ: AFRM) invites investors to participate in a shareholder fireside chat featuring CFO Michael Linford on June 14, 2022, at 11:00 AM PT. The event will be moderated by Robert Wildhack from Autonomous Research and will cover Affirm’s strategy, products, and financial results. Shareholders can submit questions via Say Technologies until June 13, 2022, at 6:00 AM PT. A replay will be available after the event.

Affirm announced a strategic partnership with Stripe, enabling millions of businesses to incorporate Affirm’s Adaptive Checkout™ into their payment systems. This feature allows users to offer flexible payment options, such as bi-weekly and monthly installments, enhancing customer experience.

Eligible customers can finance purchases between $50 and $30,000, with a maximum credit limit of $17,500. Reports indicate that businesses using Affirm have experienced up to 85% increases in average order values.

Affirm has expanded its partnership with WooCommerce to allow its 3.7 million merchants to offer consumers flexible payment options. Through this integration, U.S. and Canadian merchants can provide installment payment plans via Affirm and its subsidiary, PayBright. Customers can choose to split purchases into four interest-free payments or opt for monthly payments with rates starting at 0% APR. Affirm aims to enhance conversion rates, average order values, and customer loyalty while maintaining transparency in payment costs.

Affirm has extended its partnership with Shopify, solidifying its role as the exclusive pay-over-time provider for Shop Pay Installments in the U.S. This multi-year agreement enhances offerings to over 100,000 Shopify merchants, enabling them to provide Affirm's Adaptive Checkout™, which allows customers to choose between biweekly and monthly payment options. This new feature supports cart sizes ranging from $50 to $17,500 and offers flexible payment terms up to 12 months, targeting higher average cart sizes and reducing cart abandonment.

Affirm Holdings (AFRM) reported strong Q3 FY2022 results, exceeding financial projections. Active merchants surged from 12,000 to 207,000, and active consumers grew by 137% YoY to 12.7 million. Gross Merchandise Volume (GMV) rose 73% to $3.9 billion, with total revenue climbing 54% to $354.8 million. Despite an operating loss of $226.6 million, the company aims for sustained adjusted operating income profitability by July 2023. Affirm also announced partnerships with Shopify and Stripe to enhance payment solutions and recently completed a $500 million asset-backed securitization.