Affirm FY26 Q4 net income swings to USD 1.62 billion; revenue rises 33% to USD 1.17 billion
AFRM•Fiscal Q1 outlook
Affirm forecast fiscal Q1 GMV of USD 13.7 billion-USD 14 billion, revenue of USD 1.19 billion-USD 1.22 billion, operating margin of 11.5%-13.5%.
Fiscal Q4 results
Affirm posted fiscal Q4 net income of USD 1.62 billion, boosted by releasing a valuation allowance on domestic deferred tax assets.
Revenue rose 33% to USD 1.17 billion as GMV climbed 36% to USD 14.1 billion; revenue as a share of GMV slipped 0.17 percentage points to 8.29%.
Operating income increased to USD 147.26 million from USD 58.06 million, lifting operating margin 6 percentage points to 12.6%.
Non-GAAP metrics and funding costs
Revenue less transaction costs (non-GAAP) grew 39% to USD 589.1 million; average annualized cost of funds fell 103 basis points to 5.8%.
