Affirm Holdings, Inc. Stock Price, News & Analysis

Affirm Holdings (NASDAQ:AFRM) reported a significant acceleration in its fourth quarter of fiscal year 2021 with GMV growth of 106% and total revenue growth of 71% year-over-year. Active consumers increased by 97%, reaching 7.1 million, while active merchants surged by 412% to nearly 29,000. Despite the success, the company faced an operating loss of $124.7 million and a net loss of $128.2 million due to increased stock-based compensation post-IPO. For fiscal year 2022, Affirm forecasts GMV growth of at least 50%, aiming to capitalize on partnerships with major players like Amazon.

Affirm Holdings (NASDAQ: AFRM) announced that CFO Michael Linford will participate in a virtual fireside chat at the Deutsche Bank Technology Conference on September 10, 2021, at 10:00 am ET. The discussion will be streamed live on the company’s investor relations website. A replay will be available afterward. Affirm is dedicated to providing transparent financial products that empower consumers to manage spending and saving responsibly.

Affirm (NASDAQ: AFRM) announced a partnership with Amazon to integrate its flexible payment solution at Amazon.com. Currently being tested with select customers, Affirm's service allows purchases of $50 or more to be split into monthly payments, providing upfront total costs without hidden fees. Eric Morse, Senior VP of Sales at Affirm, emphasized the benefits of transparency and affordability for consumers. The partnership aims to enhance payment choices for Amazon shoppers, potentially increasing Affirm's customer base and sales.

Affirm Holdings (NASDAQ: AFRM) has completed a $500 million securitization of its point-of-sale installment loans, marking its most successful issuance to date. This securitization is Affirm's third for 2021 and sixth overall since launching its program in July 2020. Chief Financial Officer Michael Linford emphasized the strong investor demand and the flexible capital strategy that positions Affirm for future growth. The offering comprised five classes of fixed-rate notes, all rated by DBRS-Morningstar, with the notes placed in a private offering.

Affirm Holdings (NASDAQ: AFRM) will host a conference call on September 9, 2021, at 5:00 PM ET to discuss its fourth quarter and full fiscal year 2021 financial results. The call will feature CEO Max Levchin and CFO Michael Linford. A press release with the financial results will be issued after market close on the same day. The call will be available for live streaming on Affirm's investor relations website, with a replay accessible afterward.

Affirm Holdings (NASDAQ: AFRM) announced that CFO Michael Linford will participate in a virtual fireside chat at the RBC Capital Markets Financial Technology Conference on June 17, 2021, starting at 1:20 PM ET. The event will be streamed live on the company's investor relations website, with a replay available afterwards. Affirm is committed to providing financial products that enhance consumer confidence and merchant growth in digital commerce.

Affirm launches a campaign to enhance post-pandemic travel accessibility. Throughout June, consumers can submit travel photos for a chance to win $5,000 towards their next vacation, with a total prize pool of $155,000. Notable figures like Henry Golding and Nina Dobrev are endorsing the initiative. Users who book travel through Affirm can take advantage of flexible payment options, with APRs as low as 0%, helping to lessen the financial burden of travel costs. Affirm aims to meet the growing demand for travel while maintaining transparency in payment structures.

Affirm Holdings reported strong Q3 fiscal 2021 results, with gross merchandise volume (GMV) soaring 83% to $2.3 billion. Active consumers increased by 60% year-over-year to 5.4 million, while active merchants more than doubled to nearly 12,000. Total revenue reached $230.7 million, marking a 67% increase. Despite a net loss of $247.2 million due to elevated stock-based compensation post-IPO, Affirm's growth trajectory remains positive. The company expects continued momentum, raising its fiscal 2021 outlook for revenue and GMV.

Affirm Holdings, Inc. (NASDAQ:AFRM) has successfully completed the acquisition of Returnly, a company recognized for enhancing online return experiences and facilitating post-purchase payments. Affirm's CEO, Max Levchin, highlighted this move as a strategic growth opportunity to enhance customer interactions and satisfaction. Returnly has processed over $1 billion in returns for more than 1,800 merchants, serving eight million shoppers. This acquisition is anticipated to have no significant impact on Affirm's fiscal year 2021 results, with third-quarter financial results set to be reported on May 10, 2021.