Affirm Holdings, Inc.: Beat — EPS $0.47, Revenue $1.26B
AFRMAffirm Holdings, Inc.•Q1 2027•Nov 05, 2026, 4:17 PM EST
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Earnings BeatQ1 2027 · After-market
Did Affirm Holdings, Inc. (AFRM) beat earnings?
Yes, Affirm Holdings, Inc. (AFRM) beat Wall Street analyst expectations for Q1 2027, reporting higher-than-expected EPS and higher-than-expected revenue.
Earnings Per Share+23.68% surprise
$0.47Actual
Expected: $0.38
Total Revenue+4.31% surprise
$1.26BActual
Expected: $1.21B
vs. year ago +35.0%
Released Nov 05 · 4:17 PM ET
Earning Report
| Metric | Q1 FY27 | Q1 FY26 | YoY Change % |
|---|---|---|---|
| Revenue | $1.26B | $933.30M | +35.0% |
| Net Income | $164.20M | $80.70M | +103.5% |
Financial Outlook / Guidance
| Metric | Q2 FY27 Outlook | FY27 Outlook | ||
|---|---|---|---|---|
| Guidance | Expected | Guidance | Expected | |
| GMV | $17.9B-$18.2B | — | More than $65.25B | — |
| Revenue | $1,435M-$1,465M | $1.43BBeat +1.40% | Similar to FY'26 as a % of GMV (~8.49% | $5.49B |
| Revenue Less Transaction Costs | $705M-$720M | — | Similar to FY'26 as a % of GMV (~4.16% | — |
| Operating Margin | 11.50-13.50% | — | More than 14.75% | — |
| Adjusted Operating Margin | 29.50-31.50% | — | More than 30.75% | — |
| Weighted Avg. Basic Shares Outstanding | 343M | — | 345M | — |
| Weighted Avg. Diluted Shares Outstanding | 354M | — | 355M | — |
Q2 FY27 Outlook
- GMV
- Guidance$17.9B-$18.2BExpected—
- Revenue
- Guidance$1,435M-$1,465MExpected$1.43BBeat +1.40%
- Revenue Less Transaction Costs
- Guidance$705M-$720MExpected—
- Operating Margin
- Guidance11.50-13.50%Expected—
- Adjusted Operating Margin
- Guidance29.50-31.50%Expected—
- Weighted Avg. Basic Shares Outstanding
- Guidance343MExpected—
- Weighted Avg. Diluted Shares Outstanding
- Guidance354MExpected—
FY27 Outlook
- GMV
- GuidanceMore than $65.25BExpected—
- Revenue
- GuidanceSimilar to FY'26 as a % of GMV(~8.49%Expected$5.49B
- Revenue Less Transaction Costs
- GuidanceSimilar to FY'26 as a % of GMV(~4.16%Expected—
- Operating Margin
- GuidanceMore than 14.75%Expected—
- Adjusted Operating Margin
- GuidanceMore than 30.75%Expected—
- Weighted Avg. Basic Shares Outstanding
- Guidance345MExpected—
- Weighted Avg. Diluted Shares Outstanding
- Guidance355MExpected—
Business Highlights
- ➤Launched with AliExpress and Antom.
- ➤Signed or announced partnerships with Farfetch, J. Crew, Sam’s Club, and Sur La Table.
- ➤Renewed Seatgeek partnership and expanded it to Canada.
- ➤Plans first Affirm Edge pilots in the first calendar half of 2027.
- ➤An Affirm-developed gateway handles a growing double-digit share of AI inference traffic.
- ➤Rolled out latest Card-specific risk model to expand purchasing power for responsible users.
- ➤Enabled connected-bank-account down payments for Affirm borrowers.
- ➤Closed three ABS transactions and added a second major rating agency.
- ➤Issued inaugural five-year notes in the 2026-5 ABS transaction.
- ➤Expanded internationally into Canada and the UK.