Affirm Reports Strong Q1 Performance, Driven by Key Partnerships With Apple, Amazon, And Shopify

Benzinga

Affirm, reported better-than-expected fiscal first-quarter results, with a narrower loss per share expected and revenue surpassing the forecast. Gross merchandise volume, a key metric that helps gauge the total value of transactions, increased 35% from a year earlier. Affirm aims to achieve GAAP profitability by its fiscal fourth quarter of 2025, with CEO Max Levchin reaffirming this target for the fiscal year’s end. Affirm's partnerships with Apple, Amazon, and Shopify are boosting results, with plans for Apple Pay users to apply for loans directly through Affirm on iPhones and iPads.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:02Affirm reported better than expected fiscal first quarter results, with a narrower loss

00:06per share expected and revenue surpassing the forecast. Gross merchandise volume,

00:11a key metric that helps gauge the total value of transactions, increased 35% from a year earlier.

00:16Affirm aims to achieve gap profitability by its fiscal fourth quarter of 2025,

00:22with CEO Max Levchin reaffirming this target for the fiscal year's end.

00:27Affirm's partnerships with Apple, Amazon, and Shopify are boosting results, with plans for

00:33Apple Pay users to apply for loans directly through Affirm on iPhones and iPads.

00:37For all things money, visit Benzinga.com.

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