AFRMAffirm Holdings, Inc.
Affirm Holdings, Inc. (AFRM) sells installment loans and buy-now-pay-later (BNPL) services to consumers, primarily through partnerships with retailers and online platforms. The next catalyst is Mar 8, 2027 — Q3 2026 Earnings Release, which will test the company’s ability to manage rising credit losses and maintain margin expansion amid a slowing economy.
- Revenue reached $1.33B in 2026, with a 29.6% YoY growth.
- Net margin (TTM) stands at 33.3%, with a debt-to-equity ratio of 1.79x.
- Shareholders’ equity is $5.48B, and diluted EPS is $0.30.
The Read
4% in Q2 as conservative guidance, rising credit losses, and higher yields offset initial optimism.
The schedule
- Mon8Mar
Q3 2026 Earnings Release and Guidance
- Thu6May
Q1 2027 Earnings Release and Guidance
- Thu5Aug
- Thu4Nov
Past
- Thu27Aug
Actual outcome: Bear · $71.42 at outcome
Affirm met Q4 EPS estimates and reported strong 36% GMV growth driven by rising card adoption. However, the stock fell as the company issued conservative FY2027 guidance and reported increasing credit losses alongside higher expenses. The sell-off was further exacerbated by rising Treasury yields pressuring balance-sheet lenders and concerns over inflation squeezing consumer credit.
- Thu27Aug
Actual outcome: Bear · $69.94 at outcome
Affirm met EPS estimates and reported strong 36% gross merchandise volume growth driven by rising card adoption. However, the stock declined as the company issued conservative FY2027 guidance alongside rising credit losses and increased expenses. Furthermore, rising Treasury yields disproportionately pressured balance-sheet lenders carrying consumer credit, compounding the negative reaction to the earnings report.
- Wed3Jun
Actual outcome: Mixed · $66.17 at outcome
Affirm presented at multiple investor conferences and announced an expanded partnership with CPP Investments, securing a $1.7 billion loan purchase commitment to support $8 billion in consumer loan volume. Additionally, management highlighted robust consumer health and significant growth in gross transaction volume, which, alongside a new UK partnership with Stripe, reinforced confidence in the company's funding capacity and growth trajectory, ultimately driving the stock well above the bull target.
- Thu7May
Actual outcome: Mixed · $65.11 at outcome
AFRM beat earnings expectations with an EPS of $0.31 against the estimate of $0.31, and provided forward guidance for 29% YoY GMV growth and margin expansion. The company also outlined a bold roadmap to $100 billion in annual GMV, along with strategic partnerships and expansion plans, which reinforced the bull case and drove the stock price above the bull target.
