Affirm Holdings

At the Goldman Sachs conference, Affirm presented a diversified growth plan focused on product expansions, new distribution channels, international expansion and AI-driven productivity. CEO Max Levchin set a goal of $100 billion in annual gross merchandise volume and highlighted the Affirm Card and the 0% financing model as key drivers. The internal innovation lab ZT 1 is developing highly scalable products, and management sees further potential in the US, the UK and Australia as well as distribution via wallets, ISV partnerships and banks. Organizational changes are intended to speed implementation without layoffs, while AI tools should increase development velocity. » More on de.investing.com

Affirm shares fell about 4% as investors unwound a sharp post-earnings spike despite fiscal Q4 revenue rising 33% to $1.17 billion and GMV increasing 36% to $14.1 billion. Management reported improved profitability with a 30% adjusted operating margin and growth in active consumers and the Affirm Card, and guided fiscal 2027 GMV above $64 billion with adjusted operating margin above 30.5%. Market commentary attributes the decline to fast-money profit taking and position adjustments rather than company fundamentals. » More on finance.yahoo.com

Affirm reported fiscal Q4 revenue of $1.17 billion (up 33%) and GMV of $14.1 billion (up 36%), with adjusted operating income of $353 million and expanding GAAP operating margin to 12.6%. Active consumers grew 21% to 27.8 million, transactions per user rose, and 30-day delinquency improved to 2.5%, while the Affirm Card active users more than doubled to 5.2 million. CEO Max Levchin cautioned that elevated gasoline prices and broader inflation could pressure consumer spending, making future demand durability and credit performance the key risks for the bull case. » More on finance.yahoo.com