Affirm Expands Global Footprint: Will It Deliver Sustainable Growth?

Core Insights - Affirm Holdings, Inc. (AFRM) is expanding internationally, entering the Canadian and U.K. markets through partnerships with Williams-Sonoma and KAYAK, marking a significant growth phase beyond North America [1][8] Financial Performance - In Q3 2025, Affirm reported total revenues of $783 million, a 36$3.163 billion and $3.193 billion [2][8] Market Position and Strategy - Affirm focuses on providing transparent and flexible financial services while expanding its international reach through strategic partnerships [3] - The company is scaling its services in retail and travel industries, appealing particularly to Gen Z and Millennials [4] Competitive Landscape - Competitors include PayPal and Sezzle, with PayPal reporting 436 million active accounts and$7.8 billion in net revenues for Q1 2025, while Sezzle reported 2.7 million active consumers and $104.9 million in revenues for the same period [5][6] Valuation and Estimates - Affirm's shares have increased by 85.4% over the past year, outperforming the industry average of 37% [7] - The company trades at a forward price-to-sales ratio of 4.62, below the industry average of 5.61 [9] - The Zacks Consensus Estimate for Affirm's 2025 earnings implies a growth of 100.6% from the previous year, with five upward estimate revisions in the past 30 days [10]