Affirm Holdings Inc. (NASDAQ:AFRM) reported its second-quarter financial results after Thursday's closing bell. Here's a look at the details from the report.
The Details: Affirm reported quarterly earnings of 23 cents per share, which beat the analyst consensus estimate of losses of 16 cents. Quarterly revenue came in at $866.38 million, which beat the analyst consensus estimate of $807.16 million and is an increase over revenue of $591.11 million from the same period last year.
- Gross Merchandise Volume grew 35% year-over-year to $10.1 billion for the quarter.
- Active Consumers grew 23% year-over-year to 21 million.
- Transactions Per Active Consumer reached 5.3, up from 4.5 from the prior year’s quarter.
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“Affirm is in the strongest shape it's ever been. Challenges met, competitors bested: excellent growth in a rapidly expanding segment, on-target unit economics, robust operating leverage,” the company said in a letter to shareholders.
Outlook: Affirm sees fiscal 2025 revenue in a range of $3.13 billion to $3.19 billion, versus the $3.09 billion estimate.
AFRM Price Action: According to data from Benzinga Pro, Affirm Holdings shares are up 10.45% after hours at $68.20 Thursday.
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