Summary
Affirm Drops 4% as Post-Earnings Rally Unwinds Despite 36% GMV Growth
Shares of Affirm Holdings (NASDAQ:AFRM | AFRM Price Prediction) are unwinding a sharp post-earnings rally to open the week, handing back much of the gain built on Thursday's fiscal fourth-quarter report.
Affirm CEO Sees Greater BNPL Demand as Gas Prices Climb
The head of buy now, pay later provider Affirm says gas prices are weighing on consumers. “The U.S. consumer undoubtedly sees the higher gas prices, so can't, can't ignore that,” Max Levchin said in an interview with CNBC's “Squawk Box” Friday (Aug. 28).
Affirm's Blockbuster Growth Still Has Legs - Premium Already Baked-In
Offline retail through Affirm Card, new verticals across professional services/elective medical, and international expansion underscore AFRM's multi-pronged growth strategy. These have fed into the expanding merchant base, growing funding capacity, strong Affirm Card adoption, and higher transaction frequencies. AFRM's conservative FY2027 guidance may be revised upwards, as observed in the thrice raised FY2026 guidance and robust GMV growth.
Affirm Holdings, Inc. Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| LC Lisa Candera CIGNA INVESTMENTS Inc. /NEW | 2,640 | $215,000 | $188,786.4 | -$26,213.6 | -12.19% |
 Curtis Ellergodt Rothschild Investment LLC | 215 | $10,505.48 | $16,871.05 | $6,365.57 | 60.59% |
| BZ Brandon Zatopek Commonwealth Equity Services LLC | 36,267 | $2.96M | $2.73M | -$228,496.25 | -7.73% |
| ABB Alexander Bjornager Bonde Danske Bank A/S | 115,200 | $8.61M | $8.67M | $63,472 | 0.74% |
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 464 | $29,638.57 | $35,591.12 | $5,952.55 | 20.08% |
Affirm Holdings, Inc. Analysts
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| CA Connor Allen JP Morgan | 1,492.72 | $116,074.04 | $111,133.13 | -$4,940.91 | -4.26% |
| MO Matthew O'Neill Goldman Sachs | 1,047.03 | $81,417.14 | $77,951.46 | -$3,465.68 | -4.26% |
Affirm Holdings, Inc. (AFRM) FAQ
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Affirm Holdings, Inc. Profile
| Transportation Infrastructure Industry | Industrials Sector | Max Rafailovych Levchin CEO | NASDAQ (NGS) Exchange | 00827B106 CUSIP |
| US Country | 2,206 Employees | - Last Dividend | - Last Split | 13 Jan 2021 IPO Date |
Overview
Affirm Holdings, Inc., established in 2012 and based in San Francisco, California, revolutionizes digital and mobile-first commerce in the United States, Canada, and beyond. This innovative company specializes in offering comprehensive payment solutions that cater to both consumers and merchants. Affirm's approach to commerce is grounded in its robust platform that facilitates point-of-sale transactions, empowering consumers with manageable payment terms and providing merchants with integrated commerce solutions. The company’s distinct business model, which collaborates with originating banks and capital market partners, allows it to offer flexible payment plans extending up to 60 months. This flexibility not only benefits consumers by making purchases more manageable but also supports merchants by covering a broad spectrum of industries including sporting goods, furniture, travel, apparel, electronics, and jewelry among others. With a wide network of small businesses, large enterprises, and omni-channel presence, Affirm stands at the forefront of transforming the digital commerce landscape.
Products and Services
- Point-of-Sale Payment Solution for Consumers
- Merchant Commerce Solutions
- Consumer-Focused App
This flagship service simplifies the purchasing process by allowing consumers to buy now and pay later. By breaking down a purchase into smaller, more manageable payments, Affirm makes shopping accessible and convenient. This flexibility is particularly appealing for larger purchases, offering terms that can extend up to 60 months.
Affirm provides merchants with a suite of tools and services designed to enhance their sales and customer experience. These solutions include seamless integration with Affirm’s payment system, enabling businesses to offer flexible payment options to their customers. This not only helps in increasing conversion rates but also boosts average order values.
The Affirm app is centered around consumer convenience, allowing users to manage their purchases, payments, and accounts in one place. Beyond merely handling transactions, the app offers the ability to shop with Affirm partners, highlighting deals and offers that can be utilized directly within the app. This creates a unified shopping experience that encourages repeated use and loyalty.
