Affirm Shares Climb After Q2 Report Beats Estimates, Strong FY25 Guidance

Affirm Holdings Inc. AFRM reported its second-quarter financial results after Thursday's closing bell. Here's a look at the details from the report. 

The Details: Affirm reported quarterly earnings of 23 cents per share, which beat the analyst consensus estimate of losses of 16 cents. Quarterly revenue came in at $866.38 million, which beat the analyst consensus estimate of $807.16 million and is an increase over revenue of $591.11 million from the same period last year.

• Gross Merchandise Volume grew 35% year-over-year to $10.1 billion for the quarter.
• Active Consumers grew 23% year-over-year to 21 million.
• Transactions Per Active Consumer reached 5.3, up from 4.5 from the prior year’s quarter.

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“Affirm is in the strongest shape it's ever been. Challenges met, competitors bested: excellent growth in a rapidly expanding segment, on-target unit economics, robust operating leverage,” the company said in a letter to shareholders.

Outlook: Affirm sees fiscal 2025 revenue in a range of $3.13 billion to $3.19 billion, versus the $3.09 billion estimate.

AFRM Price Action: According to data from Benzinga Pro, Affirm Holdings shares are up 10.45% after hours at $68.20 Thursday.  

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