Affirm Holdings, Inc. (NASDAQ:AFRM) RBC Capital Markets 2023 Financial Technology Conference June 13, 2023 8:00 AM ET Company Participants Rob O'Hare - Senior Vice President, Finance Conference Call Participants Dan Perlin - RBC Capital Markets Dan Perlin Good morning, everyone. My name is Dan Perlin, I head up the fintech practice here at RBC, and let me just say thank you so much for joining us today. Putting these conferences on is a herculean task, and so as IÂ'd like to say, you know, we just want to l ...

Affirm Holdings, Inc. (NASDAQ:AFRM) Conference Call Summary Company Overview - **Company**: Affirm Holdings, Inc. - **Industry**: Financial Technology, specifically Buy Now Pay Later (BNPL) services Key Points and Arguments Macro Perspective and Company Focus - Affirm is at a critical juncture, focusing on managing credit outcomes effectively, achieving strong performance in line with expectations [4][6] - The company aims to increase user engagement, expand merchant partnerships, and enhance the frequency of transactions on its platform [4][5] Credit Management and Risk Assessment - Affirm's loan terms are short, with 45% of originations paid back by the time of the earnings call, allowing for a reactive approach to credit risk [7][8] - The company maintains strict underwriting standards amidst rising delinquency rates in the broader credit market, indicating a cautious approach to market conditions [9][10] - Affirm differentiates itself from traditional credit card issuers by focusing on transaction-level underwriting, which allows for better risk management [12][13] Merchant Partnerships and Network Expansion - Affirm is accepted at over 60% of U.S. e-commerce, with ambitions to reach 100% acceptance [18] - The company is actively pursuing partnerships with large merchants, including Amazon and Shopify, to enhance its market presence [22][23] - Affirm's strategy includes leveraging partnerships with acquirers like Worldpay to scale its network without individually onboarding every merchant [40][41] Competitive Landscape - The entry of major players like Apple into the BNPL space is viewed positively, as it validates the market and encourages consumer-friendly practices [69][70] - Affirm believes that while competition is increasing, its unique underwriting approach and product diversity will help maintain its market position [73] Funding and Financial Strategy - Affirm emphasizes the importance of maintaining diverse funding channels to navigate a volatile interest rate environment [49][50] - The company is focused on ensuring profitable transactions and efficient use of capital, even as it scales its operations [52][53] - Rising interest rates impact funding costs, but Affirm's short-duration assets are seen as attractive to investors [56][58] Future Outlook - Affirm is working on adding a third originating bank to manage risk better, which will not directly affect its pricing strategy but is a precautionary measure [64][65] - The company does not expect to achieve 100% merchant acceptance at the 36% APR cap but believes there is significant room for growth [67] Additional Insights - Affirm's approach to credit risk management is data-driven, utilizing machine learning and data science to enhance underwriting processes [55] - The company is committed to transparency with its merchant partners, emphasizing the importance of profitability in sustaining long-term relationships [32] Important but Overlooked Content - The discussion on the impact of student loan repayments on consumer credit behavior is noted, but Affirm is not currently adjusting its business strategy based on this potential future event [10] - The company acknowledges the challenges posed by embedded finance solutions but believes that the complexity of effective credit management creates a barrier for merchants attempting to replicate Affirm's model [74]

Affirm Holdings, Inc. (NASDAQ:AFRM) Bank of America 2023 Global Technology Conference June 8, 2023 1:40 PM ET Company Participants Michael Linford - Chief Financial Officer Conference Call Participants Jason Kupferberg - Bank of America Jason Kupferberg Hi everyone. I'm Jason Kupferberg, the payments, processors and IT services analyst here at Bank of America. We're very excited again. As was the case last year we have Michael Linford, CFO of Affirm with us. Lots of grounds to cover. We've got 30 minutes. T ...

Affirm Holdings, Inc. (NASDAQ:AFRM) 51st Annual J.P. Morgan Global Technology, Media and Communications Conference May 23, 2023 3:15 PM ET Company Participants Max Levchin - Founder and Chief Executive Officer Conference Call Participants Reggie Smith - JPMorgan Reggie Smith Hello. I'm Reggie Smith, I cover fintech stocks here at JP Morgan. And I am excited to interview CEO and Founder of Affirm, Max Levchin this afternoon. Thanks for coming out, Max. Max Levchin Always a pleasure. Reggie Smith I know the ...

Affirm Holdings, Inc. (NASDAQ:AFRM) SVB MoffettNathanson's Inaugural Technology, Media and Telecom Conference May 18, 2023 2:00 PM ET Company Participants Brooke Major-Reid - Chief Capital Officer Rob O'Hare - Senior Vice President Conference Call Participants Eugene Simuni - MoffettNathanson Eugene Simuni We'll get going for our next session. We are very excited to have Affirm with us for the next hour, and we have Brooke and Rob. And maybe I'll start with just asking you guys to introduce yourselves and m ...

Affirm Holdings, Inc. (NASDAQ:AFRM) Barclays Emerging Payments & FinTech Forum May 17, 2023 4:10 PM ET Company Participants Michael Linford - CFO Conference Call Participants Brooke Major-Reid - Chief Capital Officer Rob O'Hare - SVP of Finance Michael Linford Okay. Last but certainly not least, we have Affirm joining us today, Brooke Major-Reid, Chief Capital Officer, Rob O'Hare, SVP of Finance. Thank you so much for joining us. Before we start, I was reprimanded for not mentioning that there is a cocktail ...

FY Q3 2023 Earnings Supplement May 9, 2023 Safe Harbor Statement/Use of Non-GAAP Financial Measures Cautionary Note About Forward-Looking Statements This document contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended, that involve risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including statement ...

Affirm Holdings, Inc. (NASDAQ:AFRM) Q3 2023 Earnings Conference Call May 9, 2023 5:00 PM ET Company Participants Zane Keller - Director, Investor Relations Max Levchin - Founder and Chief Executive Officer Michael Linford - Chief Financial Officer Conference Call Participants Moshe Orenbuch - Credit Suisse Bryan Keane - Deutsche Bank Ramsey El-Assal - Barclays Jason Kupferberg - Bank of America Andrew Jeffrey - Truist Securities Eugene Simuni - MoffettNathanson Karan Singhania - UBS Dan Dolev - Mizuho James ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) OR ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 For the transition period from __________ to __________ (415) 984-0490 (Registrant's telephone number, including area code) Commission File Number 001-39888 Affirm Holdings, Inc. (Exact nam ...

FY Q2 2023 Earnings Supplement February 8, 2023 Safe Harbor Statement/Use of Non-GAAP Financial Measures Cautionary Note About Forward-Looking Statements This document contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended, that involve risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including stat ...