Quarterly ResultMay 7, 2026, 04:20 PM
Affirm Q3 GMV +35% to $11.6B; Revenue +33%; Net Income $103M
AI Summary
Affirm Holdings, Inc. reported strong financial results for its third fiscal quarter ended March 31, 2026, with Gross Merchandise Volume (GMV) increasing 35% to $11.6 billion and total revenue growing 33% to $1,039 million. The company achieved a net income of $103 million and a 27% Adjusted Operating Margin, reflecting improved profitability and unit economic discipline. Affirm also highlighted robust consumer health, strong capital markets demand, and significant productivity gains from AI integration in software engineering, alongside new partnerships with Nordstrom, URBN, and Sleep Number.
Key Highlights
- GMV grew 35% to $11.6 billion, marking the 10th consecutive quarter of over 30% growth.
- Total Revenue increased 33% to $1,039 million, with Revenue Less Transaction Costs (RLTC) up 41% to $498 million.
- Net Income reached $103 million, a significant improvement from $2.8 million in the prior year.
- Adjusted Operating Income rose 62% to $281 million, with Adjusted Operating Margin at 27%, up 5 percentage points YoY.
- Active consumers increased 22% to 26.8 million, and active merchants grew 44% to 515 thousand.
- Affirm Card GMV grew 146% to $2.1 billion, with 4.4 million active cardholders.
- Net cash increased by $229 million quarter-over-quarter to $1.35 billion.
- Funding capacity increased to $28.2 billion, estimated to support over $65.0 billion in annual GMV.