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. (AFRM) is a leading financial technology company reshaping digital commerce landscape through its transparent buy now, pay later solutions. This dedicated news hub provides investors and industry observers with essential updates on Affirm's strategic initiatives, merchant partnerships, and evolving role in the BNPL sector.
Access real-time press releases covering earnings announcements, product innovations, and regulatory developments. Our curated feed delivers actionable insights into Affirm's mobile commerce integrations, risk management advancements, and market expansion strategies.
Key updates include quarterly financial disclosures, merchant network expansions, and technology partnerships that enhance point-of-sale financing capabilities. Track Affirm's progress in developing secure payment gateways and consumer-friendly credit alternatives within the competitive fintech ecosystem.
Bookmark this page for streamlined access to verified information about Affirm's operational milestones. Stay informed about critical developments affecting digital payment trends and consumer financing solutions through our comprehensive news aggregation.
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.
