Affirm has launched a zero-fee pilot program in collaboration with fintech platform Esusu to allow eligible renters to split their monthly housing payment into two equal biweekly installments at 0% APR. The program carries no hidden or late fees and reports on-time payments to major credit bureaus, enabling participants to build credit history. Applications are underwritten individually, with approval limits set according to each renter’s ability to repay. The initiative is still in early stages, with no formal rollout date announced.

Over the past year, Affirm’s gross merchandise volume (GMV) rose from $20.2 billion to $36.7 billion, reflecting a 38% year-over-year increase driven by surging buy-now, pay-later adoption. No-interest short-term loans grew 74% in the first quarter, while longer-term installment products continue to expand their average loan duration up to 60 months. Strategic integrations with major e-commerce platforms and digital wallets—including leading online marketplaces and point-of-sale partners—have contributed to a 70% increase in partner transaction volume over the last 12 months.

Affirm reduced its operating loss from $1.2 billion in the prior year to $87 million, and recorded its first GAAP-profitable quarter with operating income of $63.7 million. Management projects full-year GMV of $47.5 billion and operating margins of 7.5% for fiscal 2026, reflecting confidence in scaling its merchant fee revenue and consumer installment lending business. The company continues to emphasize simple-interest loan structures, transparent fee models and rigorous underwriting to sustain credit performance as it transitions toward consistent profitability.