Affirm Holdings, Inc. Stock Price, News & Analysis

According to new research by Affirm, Canadian consumers are adopting a strategic approach to holiday shopping rather than cutting back. 71% of Canadians plan to maintain or increase their spending, with 77% embracing 'slow shopping' - taking more time to evaluate purchases. 59% plan to complete their shopping on or after Black Friday, focusing on meaningful purchases and best deals. The study reveals that 48% of consumers are choosing flexible payment options for better budgeting, while 42% appreciate 0% APR offers. Nearly 40% value 0% APR financing as much as or more than traditional discounts.

JD Sports has partnered with Affirm (NASDAQ: AFRM) to offer flexible payment options across its 500+ JD Sports and Finish Line locations nationwide. Customers can now pay for brands like Nike, adidas, New Balance, and North Face in biweekly or monthly installments, with as low as 0% APR and no hidden fees. The partnership comes ahead of Black Friday and Cyber Monday, following Affirm's reported 50% year-over-year increase in sporting goods purchases in October. Customers can access the payment option both in-store via QR code and online through the Affirm app.

Affirm (NASDAQ: AFRM) and Priceline have expanded their partnership, making Affirm the pay-over-time provider for Priceline Partner Solutions' B2B business. Partner brands across airlines, cruise lines, car rentals, and hotels can now offer customers the ability to pay for trips over time through their websites. For orders over $50, customers can access transparent payment plans with no hidden fees after a quick approval process. Affirm reported 25% growth in travel and ticketing last quarter, highlighting increasing demand for flexible payment options in the travel sector.

Affirm Holdings (NASDAQ: AFRM), a payment network company, announced its fiscal 2025 first quarter financial results for the period ended September 30, 2024. The company has made the detailed results and shareholder letter available through an SEC Form 8-K filing, which can be accessed in the 'Events and Presentations' section of Affirm's investor relations website. The company scheduled a conference call and webcast to discuss these results, featuring presentations from CEO Max Levchin, COO/CFO Michael Linford, and SVP of Finance Rob O'Hare.

Affirm (NASDAQ: AFRM) has launched its payment services in the UK, expanding beyond its US and Canada operations. The company, which has processed over $75 billion in transactions over the last five years, offers flexible pay-over-time options without late fees or hidden charges. This contrasts with nearly 25% of UK buy now, pay later consumers who faced late fees in 2023.

Affirm is launching in the UK with Alternative Airlines and Fexco, offering both interest-free and interest-bearing monthly payment options. The company currently has over 30 UK employees and plans additional hiring. Globally, Affirm serves 50 million consumers and over 300,000 active merchants.

Affirm Holdings (NASDAQ: AFRM) has announced its participation in three upcoming investor conferences. On November 20, 2024, Chief Revenue Officer Wayne Pommen and Head of IR Zane Keller will attend the FT Partners FinTech Conference in New York, featuring a fireside chat at 4:00pm ET that will be webcast live. On December 2, 2024, COO/CFO Michael Linford and Keller will attend the UBS Global Technology and AI Conference in Scottsdale. On December 3, 2024, SVP Finance Rob O'Hare and SVP Product Vishal Kapoor will participate in the Wells Fargo TMT Summit in Rancho Palos Verdes.

Affirm has announced significant updates to its app, enhancing the user experience ahead of the holiday season. The redesigned app now displays users' real-time purchasing power, features an improved search function, and provides easier access to personalized payment terms and 0% APR offers. According to Affirm's research, 50% of consumers value 0% APR financing options equally or more than traditional discounts, while 53% use pay-over-time options for affordability. The update includes features like purchasing power estimates, improved credit offer discovery, and payment plan management, all without late fees or compound interest.

Affirm (AFRM) reveals a new 'slow shopping' trend in their latest consumer research, with 73% of consumers adopting this approach for holiday shopping. The study shows that 68% plan to spend the same or more than last year, with over 50% finishing their shopping on or after Black Friday. Key findings indicate that 55% prioritize value for money, while 50% consider 0% APR financing as valuable as traditional discounts. The research, conducted by Talker Research, surveyed 2,000 Americans and highlights consumers' strategic approach to holiday spending, with 60% starting earlier and making more frequent, smaller purchases.

Affirm Holdings, Inc. (NASDAQ: AFRM), a payment network empowering consumers and helping merchants drive growth, has announced it will release its first quarter fiscal year 2025 financial results on Thursday, November 7, 2024, after market close. The company will publish a shareholder letter, including financial results, on its investor relations website at https://investors.affirm.com/.

Following the release, Affirm will host a conference call and webcast at 5:00pm ET on the same day. The call will be led by Max Levchin (Founder and CEO), Michael Linford (COO and CFO), and Rob O'Hare (SVP, Finance). A replay of the call will be made available on the investor relations website afterward.