Affirm, the provider of buy now, pay later loans reported better-than-expected fiscal first-quarter results.Here's how the company did, compared to analysts' consensus estimates from LSEG.Loss per share: 31 cents adjusted vs. a loss of 35 cents expectedRevenue: $698 million vs. $664 million expectedAffirm reported gross merchandise volume (GMV) of $7.6 billion, topping the average estimate of $7.28 billion, according to StreetAccount. GMV, a key metric that helps gauge the total value of transactions, incre ...

| --- | --- | --- | |---------------------------|-------------------------------------------------------------------------------|---------| | | | | | affirm) | | | | Shareholder Letter | | | | First Fiscal Quarter 2025 | " = છે ଷ୍ର | | | | Add money Request to split eligible purchases of $50 d $58.32 $117.72 @ ® g D | affirm) | Max Levchin Founder and CEO Fellow Affirm shareholders: Affirm galloped out of the gates in FQ1'25. We met or exceeded every metric provided in the August outlook: | --- | --- | --- ...

The financial technology space is expected to benefit from expanding transaction volumes resulting from the widespread adoption of digital means. The ongoing digitization movement, triggered by the pandemic, is a major catalyst for this industry. Financial technology represents a transformative investment space within a hybrid sector merging finance and technology. The companies in this space offer a variety of services, such as online banking, peer-to-peer payments, insurance, cryptocurrency and cybersecur ...

Key TakeawaysAffirm Holdings is set to report first-quarter earnings after the bell Thursday, with analysts expecting revenue to grow nearly 34% from last year's quarter. Analysts polled by Visible Alpha expects to see losses of 33 cents per diluted share.Deutsche Bank analysts see opportunity for customer growth as interest rates come down. Affirm Holdings (AFRM) is set to report its fiscal first-quarter earnings after the market closes on Thursday, with analysts expecting the buy now, pay later (BNPL) fir ...

Affirm Holdings, Inc. (AFRM) is scheduled to release first-quarter fiscal 2025 results on Nov. 7, after the closing bell. The Zacks Consensus Estimate for the bottom line is pegged at a loss of 36 cents per share, suggesting a narrower figure than the prior-year quarter’s loss of 57 cents. Its quarterly performance is expected to have been driven by increased merchant network revenues, higher interest income and continued transaction growth undertaken through AFRM’s platform.   Stay up-to-date with all quar ...

Affirm Holdings, Inc. (NASDAQ: AFRM ) is a fintech company offering consumers Buy Now, Pay Later (BNPL) options, allowing them to split purchases into installments. This week they are presenting results, and my expectations are that they will continue to grow as they have done inInvesting in high-growth opportunities across industries, employing a value investing approach that prioritizes robust business models and strategic foresight. Focusing on companies with the potential to profoundly influence the glo ...

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even though momentum is a popular stock char ...

Company Overview - Affirm, a fintech company founded by Max Levchin, has expanded its services to the UK, marking its first venture outside the US and Canada [1] - The company offers credit to consumers, allowing them to split purchases into multiple payments without charging late fees [1] - Affirm had over 18.7 million active customers in North America, with gross merchandise volume exceeding $26.6 billion in 2023 [4] - The company's merchant partners include major retailers such as Amazon, Shopify, and Walmart [4] Financial Performance - Affirm's revenues increased by 46% to nearly $2.3 billion in the year through June 2024, while its net loss narrowed to $518 million [5] - The company aims to achieve operating profitability on a GAAP basis by the fiscal fourth quarter of 2025 [5] - Since its Nasdaq listing in January 2021, Affirm's market cap has declined from $24 billion to $13.5 billion due to a share price slide [5] Business Model and Strategy - Affirm underwrites every transaction and makes real-time credit decisions, approving consumers only after verifying their ability to pay [3] - The company offers both interest-free and interest-bearing monthly payment options in the UK, with interest charges that do not compound over time [3] - Affirm's mission is to build honest financial products, leveraging its leadership in the US and Canada to expand into new markets [4] Industry Context - The buy now, pay later (BNPL) industry in the UK has faced scrutiny, with nearly a quarter of shoppers incurring late fees in 2023 [2] - The UK government is working on new regulations to protect consumers in the BNPL sector [2] Leadership and Background - Max Levchin, co-founder and CEO of Affirm, previously co-founded PayPal and has been involved in other ventures such as Yelp, Slide, and Glow [5] - Affirm was co-founded in 2012 by Levchin, Nathan Gettings, Jeff Kaditz, and Alex Rampell [5]

Affirm launched its pay-over-time options in the United Kingdom.The company will initially offer its interest-free and interest-bearing monthly payment options, with any interest applied being fixed and calculated solely on the original principal amount, Affirm said in a Monday (Nov. 4) press release emailed to PYMNTS.There are no late fees or hidden charges, the release said, adding that nearly one-quarter of users of buy now, pay later (BNPL) solutions in the U.K. were charged late fees in 2023.“We know t ...

PayPal Inc. co-founder and Affirm’s CEO Max Levchin on center stage during day one of Collision 2019 at Enercare Center in Toronto, Canada.LONDON — Buy now, pay later firm Affirm launched Monday its installment loans in the U.K., in the company's first expansion overseas.Founded in 2012, Affirm is an American fintech firm that offers flexible pay-over-time payment options. The company says it underwrites every individual transaction before making a lending decision, and doesn't charge any late fees.Affirm, ...