Welcome to our dedicated page for Affirm Holdings news (Ticker: AFRM), a resource for investors and traders seeking the latest updates and insights on Affirm Holdings stock.
Affirm Holdings, Inc. (NASDAQ: AFRM) is a Nevada-incorporated consumer lending and payment network company that focuses on pay-over-time options at checkout. This news page aggregates company announcements, partner releases, and regulatory communications so readers can follow how Affirm’s business and financial services evolve over time.
Recent news highlights Affirm’s focus on real-time underwriting and responsible credit decisions. The company has announced updates to its underwriting models that incorporate richer real-time signals, such as account balances and cash flow trends for consumers who link a bank account or maintain an Affirm Money Account. These updates are described as giving Affirm a more current view of a consumer’s finances at checkout and supporting more informed credit decisions.
Affirm also regularly issues news about partnerships and integrations. Releases have detailed expanded relationships with merchants such as Wayfair and Pacsun, where eligible shoppers can select Affirm at checkout for biweekly or monthly installment payments with no late or hidden fees. Other announcements describe integrations with payment and software platforms, including an expanded partnership with Worldpay for Platforms and the use of "Pay Later with Affirm" within Clio’s legal technology platform.
Investors can find coverage of earnings-related events and capital arrangements in this news feed as well. Affirm reports its quarterly financial results and hosts conference calls and webcasts, and it has announced an expanded long-term capital partnership with New York Life to purchase Affirm’s installment loans on a forward-flow basis. The company also shares information about investor conferences and shareholder-focused events, such as fireside chats with its leadership team.
By reviewing this page, readers can track Affirm’s latest product updates, underwriting developments, merchant and platform partnerships, capital relationships, and investor communications in one place.
Fiserv has partnered with Affirm, integrating the Buy Now Pay Later (BNPL) option into its Carat system. This collaboration simplifies the adoption of BNPL for businesses of various sizes, allowing them to choose from multiple payment options effectively. Currently, Fiserv offers BNPL through Bread, Synchrony, and Zip, and the Affirm integration will enhance customer payment flexibility. Approximately half of U.S. consumers prefer merchants that provide pay-over-time options, making this integration a strategic move for attracting and retaining customers.
Affirm's Consumer Spending Report reveals a surge in wedding attendance for 2022, with the average American invited to four weddings. Notably, 28% are planning their own weddings, marking a significant comeback. Sequel weddings are trending, with 35% of invitees expected to attend one. Financial strains are evident, as 63% of guests report feeling stressed about costs, leading 28% to consider Affirm's pay-over-time solutions. Consumers may spend up to $12,000 on weddings this year, highlighting a need for budgeting assistance.
Affirm's latest Consumer Spend Report reveals 62% of Americans have more life goals for 2022, despite inflation concerns affecting 66%. Key findings show 44% plan domestic travel and 39% are considering international trips, with 80% willing to splurge on bucket-list vacations. Home upgrades also rank high, with over a third investing an average of $4,000. Approximately 80% of respondents prefer flexible pay-over-time options, reflecting a 30% increase in travel spending using Affirm. The survey, conducted in March 2022, included 2,000 U.S. consumers.
Affirm Holdings, Inc. (NASDAQ: AFRM) will host a conference call and webcast to discuss its third quarter fiscal year 2022 financial results on May 12, 2022, at 5:00pm ET. The call will be led by Max Levchin, CEO, and Michael Linford, CFO. Investors can access the live webcast via the company's investor relations website, where a replay will also be available after the call. A press release detailing the financial results will be issued the same day, highlighting Affirm's commitment to delivering transparent financial products that empower consumers and aid business growth.
New research from Affirm indicates that inflation is causing significant financial stress among consumers, particularly Millennials and Gen Z. The study reveals that 73% of younger Americans are concerned about rising costs affecting their ability to purchase desired items. Key findings include a shift in spending priorities, with 38% prioritizing home purchases while deprioritizing dining out and entertainment. Notably, 23% of U.S. consumers may utilize 'buy now, pay later' solutions like Affirm due to these financial pressures. The research demonstrates that young consumers are adapting their spending habits in response to inflation.
Affirm and Poshmark have extended their partnership for two years, enhancing payment options for over 80 million users. Customers can now opt for monthly payments or four interest-free biweekly payments on purchases over $50. This expansion follows Affirm’s Consumer Spend Report, indicating strong consumer interest in pay-over-time solutions. With over half of Poshmark's inventory eligible for Affirm's services, both companies expect increased average order values and higher order volumes, bolstering growth.
Affirm Holdings has raised its third-quarter and fiscal year 2022 financial outlook following strong quarter-to-date performance. Key metrics indicate Gross Merchandise Volume (GMV) projected between $3.61 billion and $3.71 billion for Q3, with revenue anticipated to reach at least $335 million. Affirm boasts a robust funding capacity of approximately $9.3 billion, enabling over $20 billion in annual GMV. The company reported better-than-expected operating expenses and adjusted operating loss percentages, demonstrating effective cost management amidst market challenges.
Affirm Holdings (NASDAQ: AFRM) announced that CFO Michael Linford will participate in a fireside chat at the BofA Securities Virtual Electronic Payments Symposium on March 22, 2022, beginning at 5:15 PM ET. The event will be streamed live on Affirm’s investor relations website, where a replay will be available afterwards.
Affirm aims to provide transparent financial products, empowering consumers to manage spending responsibly. The company is known for its clear pricing structure, without late fees or hidden charges.
Affirm Holdings (NASDAQ: AFRM) invites shareholders to participate in a fireside chat on March 18, 2022, at 8:00 AM Pacific Time. CFO Michael Linford will discuss the company's strategy, products, and financial results, moderated by Ramsey El-Assal from Barclays. Shareholders can submit questions via Say Technologies’ Q&A platform until March 17, 2022, at 6:00 AM Pacific Time. The event will be streamed live on the company’s investor relations website.
Affirm Holdings (NASDAQ: AFRM) has announced that Max Levchin, Founder and CEO, will participate in a fireside chat at the Morgan Stanley Technology, Media & Telecom Conference on March 9, 2022, at 4:45 PM PT in San Francisco, CA.
This discussion will be webcast live on the Company's investor relations website, with a replay available afterward. Affirm focuses on delivering honest financial products, empowering consumers and merchants through transparency and trust.
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