---
schema_version: "secwatch.filing_event.v1"
accession: "0001820953-25-000036"
form_type: "8-K"
ticker: "AFRM"
cik: "0001820953"
company_name: "Affirm Holdings, Inc."
filed_at: "2025-03-17T23:59:59+00:00"
generated_at: "2026-05-24T16:09:00.514582+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Walmart-backed OnePay selects Klarna for installment loans; Affirm's Walmart GMV ~5%

## Summary
- OnePay (majority-owned by Walmart) chose Klarna to offer installment loan financing at Walmart starting later in 2025.
- Affirm continues as integrated merchant partner at Walmart but loses potential exclusivity.
- 6 months ended Dec 31, 2024: Walmart integrated program ~5% of GMV, ~2% of Adjusted Operating Income.

## SEC filing metadata
- accession: 0001820953-25-000036
- form_type: 8-K
- ticker: AFRM
- cik: 0001820953
- company_name: Affirm Holdings, Inc.
- filed_at: 2025-03-17T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1820953/000182095325000036/0001820953-25-000036-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1820953/000182095325000036/afrm-20250317.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001820953-25-000036
- JSON: https://secwatch.observer/filing/0001820953-25-000036.json
- Plain text: https://secwatch.observer/filing/0001820953-25-000036.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.