Affirm delivered strong Q2 FY2025 results with revenue growing 47% YoY to $866M and GMV increasing 35% to $10.1B. The company achieved operating income breakeven, improving from -29% margin last year, while adjusted operating income rose to $238M with a 27% margin. Revenue less transaction costs grew 73% to $419M.
The holiday season performance was robust with third-party marketplaces growing 44% and travel up 42%. Affirm Card GMV more than doubled to $845M with active cardholders approaching 1.7M. The company successfully launched in the UK and expanded partnerships including GoodRx and Metro by T-Mobile.
Affirm strengthened its funding position with total capacity increasing to $22.6B, including a $736M securitization and new $4B partnership with Sixth Street. The company refinanced most of its 2026 convertible notes with new 2029 notes carrying favorable terms, resulting in a $67M gain on extinguishment.
ZIP Price at posting:
$2.17 Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)