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Sentiment · FY2026 Q3
As of FY2026 Q2, the Tellvest earnings-call sentiment score for Affirm Holdings, Inc. (AFRM) is 9/10.
Affirm delivered another strong quarter with GMV up 36% year over year and GAAP EPS rising to $0.37 from $0.23 a year earlier, a 60.87% increase against 29.62% revenue growth that reflects real operating leverage as operating income turned solidly positive. The Affirm Card was the standout engine, with card GMV up nearly 160%, active cardholders up 121%, and 0% deals on the card up 190%, while the company disclosed an application for an industrial bank charter and priced an ABS deal at a spread under 100 basis points, its best execution since 2021. Management raised its FY2026 margin-expansion outlook modestly and pushed into new verticals through Intuit QuickBooks, Fiserv, and a small rent test. The main caution was a guided deceleration in GMV growth to 30% in Q3 and 25% in Q4, with revenue take rates softening year over year on rising 0% mix, which weighed on the shares.
Scored from Affirm Holdings, Inc.’s FY2026 Q2 earnings call. The newest quarter is available with Tellvest Pro.
Reported Thursday, Aug 27. Earnings call pending.
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| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Op margin | Net margin |
|---|---|---|---|---|---|---|
| FY2025 Q1 | $698M | +40.7% | $-0.31 | +45.6% | -19.0% | -14.3% |
| FY2025 Q2 | $866M | +46.6% | $0.23 | +142.6% | -0.5% | 9.3% |
| FY2025 Q3 | $783M | +35.9% | $0.01 | +101.9% | -1.1% | 0.4% |
| FY2025 Q4 | $876M | +33.0% | $0.20 | +242.9% | 6.6% | 7.9% |
| FY2026 Q1 | $933M | +33.6% | $0.23 | +174.2% | 6.8% | 8.6% |
| FY2026 Q2 | $1.12B | +29.6% | $0.37 | +60.9% | 10.5% | 11.5% |
| FY2026 Q3 | $1.04B | +32.6% | $0.30 | — | 19.5% | 9.9% |
| FY2026 Q4 | $1.09B | +24.3% | $4.62 | +2210.0% | 24.3% | 148.4% |
| Year | Revenue | Rev YoY | EPS | EPS YoY | Op margin | Net margin |
|---|---|---|---|---|---|---|
| FY2024 | $2.32B | — | $-1.68 | — | -26.5% | -22.3% |
| FY2025 | $3.22B | +38.8% | $0.13 | +107.6% | -2.7% | 1.6% |
| FY2026 | $4.18B | +29.8% | $5.52 | +4209.1% | 15.5% | 46.1% |