Affirm — First Fiscal Quarter 2027 Earnings Summary

Affirm reported Gross Merchandise Volume of $14.4 billion for the first fiscal quarter of 2027, representing a 34% year-over-year increase driven by a 117% surge in Affirm Card GMV. The company achieved GAAP profitability with $187 million in operating income and $164 million in net income, while Adjusted Operating Income rose 44% to $380 million. Credit quality remained stable with 30+ day delinquencies at 2.9% for monthly installment loans excluding Peloton, and cumulative net charge-offs for recent vintages tracking near 3.5%. Funding capacity expanded to $31.7 billion, supporting an estimated $70 billion in annual GMV, and the company provided a fiscal 2027 revenue outlook of $1.435 to $1.465 billion.