Overview

• Affirm reported Q3 FY2025 revenue of $783 million and earnings per share of $0.01, swinging to a profit from a year-ago loss.
• Gross Merchandise Volume (GMV) rose 36% year-over-year to $8.6 billion, surpassing forecasts and reflecting robust transaction growth.
• The company issued Q4 revenue guidance of $815 million to $845 million, with the midpoint below consensus estimates, while GMV guidance exceeded expectations.
• Shares tumbled 13% in regular trading and 7% in extended hours, reflecting investor concerns over the softer revenue outlook.
• Despite the sell-off, Affirm shares remain up 35% year-to-date, trading at 5.3 times trailing revenue, below its two-year average valuation.