Affirm Holdings, Inc. reported significant financial growth in its latest quarterly results, with total revenue reaching $1.04 billion for the three months ended March 31, 2026, a 33% increase from $783.1 million in the same period last year. For the nine months ending March 31, 2026, revenue totaled $3.1 billion, up 32% from $2.35 billion in the prior year. The company achieved a net income of $102.9 million for the quarter, compared to a mere $2.8 million in the same quarter of 2025, marking a substantial turnaround in profitability. The nine-month net income also improved significantly to $313.2 million from a loss of $17.1 million in the previous year.
The growth in revenue was driven by a 35% increase in gross merchandise volume (GMV), which reached $11.6 billion for the quarter, and a 37% increase to $36.1 billion for the nine months. Affirm's merchant network revenue rose by 25% to $268 million for the quarter, while card network revenue increased by 13% to $66.5 million. Interest income also saw a notable rise, increasing by 32% to $532.4 million for the quarter, reflecting the growth in loans held for investment, which totaled $8.06 billion as of March 31, 2026, up from $6.63 billion a year earlier.
Operationally, Affirm expanded its customer base, reporting approximately 26.8 million active consumers, a 22% increase year-over-year. The average number of transactions per active consumer also rose by 20%, indicating enhanced engagement on the platform. The company has continued to diversify its funding sources, with $2.5 billion in cash and cash equivalents and available-for-sale securities as of March 31, 2026, alongside $5.1 billion in available funding debt capacity.
Looking ahead, Affirm remains focused on expanding its product offerings and geographic reach, including the establishment of Affirm Bank, which aims to enhance its lending capabilities. The company is also closely monitoring macroeconomic conditions, including interest rates and inflation, which could impact consumer spending and loan repayments. Affirm's management expressed optimism about sustaining profitability and growth, supported by its diversified funding model and ongoing investments in technology and data analytics.
About Affirm Holdings, Inc.
Affirm Holdings, Inc. operates a technology-driven payment platform offering transparent, consumer-friendly financing solutions. It provides point-of-sale installment loans, including 0% APR and interest-bearing options, to a broad consumer base through partnerships with approximately 377,000 merchants across diverse industries. Affirm’s proprietary risk models and machine learning enable tailored credit underwriting, supporting merchants in increasing sales while promoting responsible consumer spending. The company generates revenue from merchant fees and consumer interest income.
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