Affirm (AFRM) earnings report Q2 2025

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Affirm (AFRM) earnings report Q2 2025

Affirm shares jumped more than 10% in extended trading on Thursday after the provider of buy now, pay later loans, reported better-than-expected fiscal second-quarter results.

Here is how the company did, compared to analysts’ consensus estimates from LSEG.

Earnings per share: 23 cents adjusted. That’s not comparable to an expected loss of 15 cents.Revenue: $866 million vs. $807 million expected

Affirm reported gross merchandise volume, or GMV, of $10.1 billion, topping the average estimate of $9.64 billion, according to StreetAccount and surpassing $10 billion for the first time. GMV, a key metric that helps gauge the total value of transactions, increased 35% from a year earlier.

Revenue in the quarter rose 47% from

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. When revenue grows at a faster rate than GMV, it typically signals strong unit economics.

Revenue less transaction costs, or RLTC, jumped 73% to $419 million. The RLTC margin of 4.1% came in ahead of the long-term range of 3% to 4%.

The company expects revenue this quarter of between $755 million and $785 million, or $770 million in the middle of the range, versus the average estimate of $772 million, according to LSEG.

Affirm said it remains committed to achieving profitability on a GAAP basis exiting its fiscal fourth quarter of 2025.

The company has 21 million active consumers, up 23% year-over-year, and its Affirm Card, which is the company’s big bet for driving greater usage overall, has 1.7 million active users, up more than 136% from the year-ago quarter. Card volume has more than doubled.

The company’s new relationship with Apple plus other partnerships with

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and

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are boosting results. In June, Affirm and Apple

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for U.S. Apple Pay users on iPhones and iPads to be able to apply for loans directly through Affirm.

Affirm’s quarterly earnings call starts at 5:00 p.m. ET.

— CNBC’s Robert Hum contributed to this report.

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