earnings
confidence high
sentiment positive
materiality 0.85
Affirm Q2 FY2024: GMV +32% to $7.5B, revenue +48%, adjusted operating income turns positive
Affirm Holdings, Inc.
2024-Q2 EPS reported
-$1.11
revenue$1,087,657,000
- Revenue grew 48% YoY to $591M; RLTC rose 68% to $242M (3.2% of GMV).
- Adjusted operating income of $93M versus a ($62M) loss in FQ2'23.
- GMV of $7.5B, third consecutive quarter of accelerating growth, up 32% YoY.
- Affirm Card active consumers exceeded 700K, generating ~$400M GMV; used at >1M merchant locations.
- 30+ day delinquencies were flat QoQ and YoY; funding capacity increased by $5B over past year.