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Affirm Swings to Profit as Top Merchants Boost Volume

Dow Jones2025-08-29

By Katherine Hamilton

Affirm swung to a profit in its fiscal fourth quarter, surpassing expectations, as its largest merchants helped boost gross merchandise volume.

The buy now, pay later company on Thursday posted a profit of $69.2 million, or 20 cents a share, in the quarter ended June 30, compared with a loss of $45.1 million, or 14 cents a share, a year earlier. Analysts expected a profit of 12 cents a share, according to FactSet.

Revenue rose 33% to $876.4 million. Analysts surveyed by FactSet forecast revenue of $837 million.

Gross merchandise volume rose 43% to $10.4 billion. Affirm's largest merchant partners helped drive that growth, with gross merchandise volume at its top five merchants and platform partners increasing 41%.

The number of active consumers, excluding Affirm's discontinued business Returnly, rose 24%.

Affirm expects gross merchandise volume in fiscal 2026 to be more than $46 billion. It anticipates revenue to be 8.4% of gross merchandise volume. In the fiscal first quarter, it projects revenue of $855 million to $885 million.

Write to Katherine Hamilton at katherine.hamilton@wsj.com

(END) Dow Jones Newswires

August 28, 2025 16:43 ET (20:43 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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In the fiscal first quarter, it projects ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4535":"淡马锡持仓","BK4106":"数据处理与外包服务","BK4548":"巴美列捷福持仓","AFRM":"Affirm Holdings, Inc.","BK4227":"交易和支付处理服务","BK4588":"碎股","BK4585":"ETF&股票定投概念"},"translate_title":"随着顶级商家销量的增加，确认扭亏为盈","themeId":"bbf95948815753705b7f57f2e293ca33","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AFRM":0.9},"content_text":"By Katherine Hamilton \n\n\n \n\n\nAffirm swung to a profit in its fiscal fourth quarter, surpassing expectations, as its largest merchants helped boost gross merchandise volume. \n\n\n  The buy now, pay later company on Thursday posted a profit of $69.2 million, or 20 cents a share, in the quarter ended June 30, compared with a loss of $45.1 million, or 14 cents a share, a year earlier. Analysts expected a profit of 12 cents a share, according to FactSet. \n\n\n  Revenue rose 33% to $876.4 million. 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