Affirm Q2 Earnings Preview: Transaction Volume, Active Consumers On Watch

Affirm Holdings, Inc. AFRM is set to report its second-quarter results on Thursday after the market close. Metrics to watch include gross merchandise volume, active consumers and transaction volume. 

What To Watch: Gross merchandise volume, or GMV, is the total dollar amount of all transactions processed through Affirm’s platform. The company reported GMV of more than $7.6 billion last quarter and investors will be looking for growth in this metric. 

Affirm reported 19.5 million active consumers in the first quarter with 5.1 transactions per active consumer. Investors will also be looking at these figures as an indicator of the company's growth. 

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Affirm executives guided second-quarter revenue in a range of $770 million to $810 million and fiscal year 2025 GMV of more than $34 billion.

Analysts from Compass Point, Morgan Stanley and Wells Fargo updated coverage on Affirm in January with an average price target of $62 implying potential downside of 0.86% for the stock.

According to estimates from Benzinga Pro, analysts expect Affirm to report quarterly losses of 15 cents per share and revenue of $807.16 million after Thursday's closing bell. The company has beat analyst expectations on the top and bottom lines in each of the last seven consecutive quarters. 

AFRM Price Action: According to data from Benzinga Pro, Affirm Holdings shares are down 0.67% at $62.38 at the time of publication Thursday. 

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Photo: Courtesy of Affirm Holdings, Inc.