Affirm Q2 EPS $0.37 up 60.9%, revenues climb 30% to $1.1 billion
Affirm posted $0.37 EPS in Q2 fiscal 2026, beating estimates by 32.1% and marking a 60.9% year-over-year increase. Net revenues rose 30% to $1.1 billion, driven by higher network revenues, servicing income, transactions and repeat customer engagement, partially offset by elevated expenses and credit loss provisions.
1. Q2 Fiscal 2026 Earnings Beat
Affirm posted Q2 fiscal 2026 EPS of $0.37, beating consensus estimates by 32.1% and representing a 60.9% year-over-year gain. This outperformance highlights the company’s improving profitability in its core payments business.
2. Revenue Growth Drivers
Net revenues for the quarter reached $1.1 billion, a 30% increase from Q2 fiscal 2025. The surge was driven by higher network revenues, increased servicing income, elevated transaction volumes and stronger repeat customer engagement.
3. Expense and Provision Trends
Despite robust top-line growth, elevated operating expenses and higher provisions for credit losses offset some gains. These provisions reflect conservative credit risk management amid rising consumer financing usage.
4. Year-Over-Year Growth Comparison
Compared to the same quarter last year, Affirm’s double-digit EPS and revenue growth underscore sustained market demand for its buy-now-pay-later offerings and improved customer retention through repeat usage.