Affirm Holdings Reports 32% Revenue Growth to $4.26 Billion for Fiscal Year Ended June 30, 2026

Affirm Holdings, Inc. reported significant revenue growth for the fiscal year ended June 30, 2026, with total revenue reaching $4.26 billion. This represents a 32% increase compared to the $3.22 billion in revenue recorded for the fiscal year ended June 30, 2025. The company achieved a net income of $1.93 billion for the fiscal year ended June 30, 2026, a substantial increase from the $52.19 million net income reported in the prior fiscal year. This turnaround in profitability was largely driven by a significant income tax benefit of $1.44 billion, primarily resulting from the release of a valuation allowance against domestic deferred tax assets.

The company experienced substantial growth in its key operating metrics. Gross Merchandise Volume (GMV) for the fiscal year ended June 30, 2026, reached $50.2 billion, marking a 37% increase from the $36.6 billion in GMV for the fiscal year ended June 30, 2025. Active consumers also grew by 21% to approximately 27.8 million as of June 30, 2026, compared to 23 million in the prior year. This increased consumer engagement is reflected in the transactions per active consumer metric, which rose by 20% to 7.0 for the fiscal year ended June 30, 2026, compared to 5.8 in the prior year.

Affirm's strategic initiatives continue to shape its operational landscape. The company expanded its international presence, with its platform available in the United States, Canada, and the United Kingdom, and initiated a limited launch in Australia. Internally, Affirm is focused on enhancing its technology infrastructure, including the development and integration of AI-powered solutions like AdaptAI, to personalize consumer experiences and improve merchant offerings. The company also continues to manage its loan portfolio through various modification programs, such as payment deferrals and loan re-amortizations, to assist borrowers experiencing financial difficulties.

Looking ahead, Affirm anticipates continued growth, though at a potentially moderated pace compared to recent periods. The company's outlook is influenced by macroeconomic conditions, including interest rate environments and consumer spending patterns. Affirm's strategy involves expanding its network of merchants and consumers, innovating new product solutions, and optimizing its funding relationships to support future growth. The company also continues to pursue its application to establish Affirm Bank, which, if approved, is expected to provide greater flexibility and diversification to its business model.