Welcome to our dedicated page for Affirm Holdings news (Ticker: AFRM), a resource for investors and traders seeking the latest updates and insights on Affirm Holdings stock.
Affirm Holdings, Inc. (NASDAQ: AFRM), founded in 2012, is a leader in the Buy Now, Pay Later (BNPL) sector in the United States. The company offers innovative financial technology services that allow consumers to make purchases both online and in-store with flexible payment plans. Affirm's platform is designed for digital and mobile-first commerce, providing a transparent and user-friendly point-of-sale payment solution. It also offers a consumer-focused app and merchant commerce solutions. Affirm is partnered with nearly 235,000 merchants and serves approximately 14 million customers, primarily generating revenue through merchant networks and virtual card networks.
Affirm stands out by showing customers the total cost of their purchase upfront, without any hidden fees or late charges. This commitment to transparency and trust has helped it expand its services to prominent partners like Walmart, where eligible consumers can pay over time at over 4,500 stores, including Walmart Vision and Auto Centers.
Recently, Affirm has announced a partnership with Evolve, a leading vacation rental hospitality company, allowing travelers to book vacation rentals and pay over time with simple monthly payments. This aligns with Affirm’s mission to offer honest financial products that improve lives by enabling consumers to spend and save responsibly.
Affirm has also expanded its services to Canada through a partnership with FlightHub, allowing Canadian travelers to pay over time for their trips. Further, the company introduced new payment options, Pay in 2 and Pay in 30, to offer greater flexibility to consumers completing smaller transactions under $150.
Affirm's mission is to build a new kind of payment network based on trust, transparency, and putting people first. The company is dedicated to empowering consumers and providing merchants with the tools to drive growth. Affirm's commitment to honesty and customer satisfaction continues to set it apart in the financial technology sector.
Affirm's latest Consumer Spend Report reveals 62% of Americans have more life goals for 2022, despite inflation concerns affecting 66%. Key findings show 44% plan domestic travel and 39% are considering international trips, with 80% willing to splurge on bucket-list vacations. Home upgrades also rank high, with over a third investing an average of $4,000. Approximately 80% of respondents prefer flexible pay-over-time options, reflecting a 30% increase in travel spending using Affirm. The survey, conducted in March 2022, included 2,000 U.S. consumers.
Affirm Holdings, Inc. (NASDAQ: AFRM) will host a conference call and webcast to discuss its third quarter fiscal year 2022 financial results on May 12, 2022, at 5:00pm ET. The call will be led by Max Levchin, CEO, and Michael Linford, CFO. Investors can access the live webcast via the company's investor relations website, where a replay will also be available after the call. A press release detailing the financial results will be issued the same day, highlighting Affirm's commitment to delivering transparent financial products that empower consumers and aid business growth.
New research from Affirm indicates that inflation is causing significant financial stress among consumers, particularly Millennials and Gen Z. The study reveals that 73% of younger Americans are concerned about rising costs affecting their ability to purchase desired items. Key findings include a shift in spending priorities, with 38% prioritizing home purchases while deprioritizing dining out and entertainment. Notably, 23% of U.S. consumers may utilize 'buy now, pay later' solutions like Affirm due to these financial pressures. The research demonstrates that young consumers are adapting their spending habits in response to inflation.
Affirm and Poshmark have extended their partnership for two years, enhancing payment options for over 80 million users. Customers can now opt for monthly payments or four interest-free biweekly payments on purchases over $50. This expansion follows Affirm’s Consumer Spend Report, indicating strong consumer interest in pay-over-time solutions. With over half of Poshmark's inventory eligible for Affirm's services, both companies expect increased average order values and higher order volumes, bolstering growth.
Affirm Holdings has raised its third-quarter and fiscal year 2022 financial outlook following strong quarter-to-date performance. Key metrics indicate Gross Merchandise Volume (GMV) projected between $3.61 billion and $3.71 billion for Q3, with revenue anticipated to reach at least $335 million. Affirm boasts a robust funding capacity of approximately $9.3 billion, enabling over $20 billion in annual GMV. The company reported better-than-expected operating expenses and adjusted operating loss percentages, demonstrating effective cost management amidst market challenges.
Affirm Holdings (NASDAQ: AFRM) announced that CFO Michael Linford will participate in a fireside chat at the BofA Securities Virtual Electronic Payments Symposium on March 22, 2022, beginning at 5:15 PM ET. The event will be streamed live on Affirm’s investor relations website, where a replay will be available afterwards.
Affirm aims to provide transparent financial products, empowering consumers to manage spending responsibly. The company is known for its clear pricing structure, without late fees or hidden charges.
Affirm Holdings (NASDAQ: AFRM) invites shareholders to participate in a fireside chat on March 18, 2022, at 8:00 AM Pacific Time. CFO Michael Linford will discuss the company's strategy, products, and financial results, moderated by Ramsey El-Assal from Barclays. Shareholders can submit questions via Say Technologies’ Q&A platform until March 17, 2022, at 6:00 AM Pacific Time. The event will be streamed live on the company’s investor relations website.
Affirm Holdings (NASDAQ: AFRM) has announced that Max Levchin, Founder and CEO, will participate in a fireside chat at the Morgan Stanley Technology, Media & Telecom Conference on March 9, 2022, at 4:45 PM PT in San Francisco, CA.
This discussion will be webcast live on the Company's investor relations website, with a replay available afterward. Affirm focuses on delivering honest financial products, empowering consumers and merchants through transparency and trust.
Affirm Holdings (NASDAQ: AFRM) reported strong financial performance for Q2 2022 with gross merchandise volume (GMV) soaring 115% to $4.5 billion. The company increased active merchants from 8,000 to 168,000 and grew active consumers by 150%, totaling 11.2 million. Revenue climbed 77% year-over-year to $361 million, while adjusted operating loss reached $7.9 million. Affirm also provided an optimistic outlook for FY 2022, anticipating GMV of $14.58 to $14.78 billion and revenue between $1,290 and $1,310 million.
Affirm (NASDAQ: AFRM) has launched two new products: the Affirm SuperApp and a Chrome browser extension. The SuperApp combines shopping, payment, and financial services, allowing consumers to manage finances, earn cash back, and access tailored offers. The extension enables users to pay with Affirm at virtually any online retailer, enhancing convenience. During a beta test, users of the extension showed a 30% increase in purchases via Affirm. The SuperApp attracted over $300 million in total deposits, indicating strong consumer engagement.
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