FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 (State or other jurisdiction of incorporation or organization) San Francisco, California 94108 650 California Street (Address of principal executive offices) (Zip Code) OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transiti ...

Affirm Holdings, Inc. (NASDAQ:AFRM) CFO Fireside Chat Call September 28, 2023 11:00 AM ET Company Participants Michael Linford - Chief Financial Officer Conference Call Participants Bryan Keane - Deutsche Bank Bryan Keane Okay. I think we can kick this off and get started. Hello, everybody, and thanks for joining us today. We're excited to have an Affirm Fireside Chat with Michael Linford, the CFO of Affirm. So, I think that -- well, first of all, my introduction of myself, I'm Bryan Keane. I cover payments ...

Affirm Holdings, Inc. AFRM) 2023 Barclays Financial Services Conference September 12, 2023 8:15 AM ET Company Participants Brooke Major-Reid - Chief Capital Officer Rob O'Hare - SVP, Finance Conference Call Participants Ramsey El-Assal - Barclays Ramsey El-Assal Okay. Welcome, everyone. Thank you so much for joining us. It's my pleasure and honor to welcome Brooke Major-Reid, Chief Capital Officer; Rob O'Hare, Senior Vice President of Finance at Affirm. I'm Ramsey El-Assal, I cover payments and processors a ...

Affirm Holdings, Inc. (NASDAQ:AFRM) Goldman Sachs 2023 Communacopia & Technology Conference September 7, 2023 5:25 PM ET Company Participants Max Levchin - Founder and CEO Conference Call Participants Mike Ng - Goldman Sachs Mike Ng Great. So, we're about to get started. So welcome, everybody, to the Affirm fireside chat at the Goldman Sachs Communacopia and Technology Conference. I have the privilege of introducing Max Levchin, Founder and CEO of Affirm, leading U.S. Buy now, Pay Later provider. My name is ...

FY Q4 2023 Earnings Supplement August 24, 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 state ...

Affirm Holdings, Inc. (NASDAQ:AFRM) Q4 2023 Earnings Conference Call August 24, 2023 5:00 PM ET Company Participants Zane Keller - Director, IR Max Levchin - Founder & CEO Michael Linford - CFO Conference Call Participants Tim Chiodo - Credit Suisse Ramsey El-Assal - Barclays Rayna Kumar - UBS Dan Dolev - Mizuho James Faucette - Morgan Stanley Eugene Simuni - MoffettNathanson Daniel Perlin - RBC Capital Markets Bryan Keane - Deutsche Bank Andrew Jeffrey - Truist Securities Rob Wildhack - Autonomous Research ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission file number: 001-39888 Affirm Holdings, Inc. (Exact name of registrant as specified in its charter) Delaware 84-2224323 (I.R.S. Emp ...

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 ...