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 (NASDAQ: AFRM) and Priceline have expanded their partnership, making Affirm the pay-over-time provider for Priceline Partner Solutions' B2B business. Partner brands across airlines, cruise lines, car rentals, and hotels can now offer customers the ability to pay for trips over time through their websites. For orders over $50, customers can access transparent payment plans with no hidden fees after a quick approval process. Affirm reported 25% growth in travel and ticketing last quarter, highlighting increasing demand for flexible payment options in the travel sector.
Affirm Holdings (NASDAQ: AFRM), a payment network company, announced its fiscal 2025 first quarter financial results for the period ended September 30, 2024. The company has made the detailed results and shareholder letter available through an SEC Form 8-K filing, which can be accessed in the 'Events and Presentations' section of Affirm's investor relations website. The company scheduled a conference call and webcast to discuss these results, featuring presentations from CEO Max Levchin, COO/CFO Michael Linford, and SVP of Finance Rob O'Hare.
Affirm (NASDAQ: AFRM) has launched its payment services in the UK, expanding beyond its US and Canada operations. The company, which has processed over $75 billion in transactions over the last five years, offers flexible pay-over-time options without late fees or hidden charges. This contrasts with nearly 25% of UK buy now, pay later consumers who faced late fees in 2023.
Affirm is launching in the UK with Alternative Airlines and Fexco, offering both interest-free and interest-bearing monthly payment options. The company currently has over 30 UK employees and plans additional hiring. Globally, Affirm serves 50 million consumers and over 300,000 active merchants.
Affirm Holdings (NASDAQ: AFRM) has announced its participation in three upcoming investor conferences. On November 20, 2024, Chief Revenue Officer Wayne Pommen and Head of IR Zane Keller will attend the FT Partners FinTech Conference in New York, featuring a fireside chat at 4:00pm ET that will be webcast live. On December 2, 2024, COO/CFO Michael Linford and Keller will attend the UBS Global Technology and AI Conference in Scottsdale. On December 3, 2024, SVP Finance Rob O'Hare and SVP Product Vishal Kapoor will participate in the Wells Fargo TMT Summit in Rancho Palos Verdes.
Affirm has announced significant updates to its app, enhancing the user experience ahead of the holiday season. The redesigned app now displays users' real-time purchasing power, features an improved search function, and provides easier access to personalized payment terms and 0% APR offers. According to Affirm's research, 50% of consumers value 0% APR financing options equally or more than traditional discounts, while 53% use pay-over-time options for affordability. The update includes features like purchasing power estimates, improved credit offer discovery, and payment plan management, all without late fees or compound interest.
Affirm (AFRM) reveals a new 'slow shopping' trend in their latest consumer research, with 73% of consumers adopting this approach for holiday shopping. The study shows that 68% plan to spend the same or more than last year, with over 50% finishing their shopping on or after Black Friday. Key findings indicate that 55% prioritize value for money, while 50% consider 0% APR financing as valuable as traditional discounts. The research, conducted by Talker Research, surveyed 2,000 Americans and highlights consumers' strategic approach to holiday spending, with 60% starting earlier and making more frequent, smaller purchases.
Affirm Holdings, Inc. (NASDAQ: AFRM), a payment network empowering consumers and helping merchants drive growth, has announced it will release its first quarter fiscal year 2025 financial results on Thursday, November 7, 2024, after market close. The company will publish a shareholder letter, including financial results, on its investor relations website at https://investors.affirm.com/.
Following the release, Affirm will host a conference call and webcast at 5:00pm ET on the same day. The call will be led by Max Levchin (Founder and CEO), Michael Linford (COO and CFO), and Rob O'Hare (SVP, Finance). A replay of the call will be made available on the investor relations website afterward.
Affirm Holdings, Inc. (NASDAQ: AFRM) has announced a shareholder fireside chat featuring COO and CFO Michael Linford. The event will be aired on September 30, 2024, at 10:00 AM Eastern Time as part of Morning Brew's 'After Earnings' podcast, moderated by host Katie Perry. The discussion will be available on major podcast platforms, YouTube, and Affirm's investor relations website.
Affirm is utilizing Say Technologies to allow verified shareholders to submit and upvote questions for the chat. The Q&A platform will be open from September 17, 2024, at 8:00 AM ET until September 20, 2024, at 8:00 AM ET. This initiative aims to enhance shareholder engagement and provide investors with direct access to company leadership.
Affirm (NASDAQ: AFRM) has announced that its flexible pay-over-time options are now available to Apple Pay users in the U.S. with iOS 18 and iPadOS 18 or later. Users can split eligible purchases into biweekly or monthly payments for as low as 0% APR when checking out online or in-app. The integration combines Apple Pay's ease, convenience, and security with Affirm's flexibility, transparency, and no late or hidden fees.
To use Affirm with Apple Pay, users select 'Other Cards & Pay Later Options' at checkout, undergo a quick eligibility check, and choose from customized payment plans. Affirm Card™ holders will see the option to select Affirm directly. Every transaction is underwritten individually, maintaining Affirm's commitment to responsible lending. The integration preserves Apple Pay's privacy and security features, with Apple not retaining any user-linked transaction information.
Affirm's latest survey reveals significant consumer trends ahead of the 2024 holiday season, focusing on the impact of 0% APR financing options. Nearly half of Americans (48%) say these options influence their purchasing decisions, with top benefits including saving on interest (28%), affording larger purchases (19%), and easier budgeting (17%).
The survey shows varying preferences across generations and product categories. GenZ favors 0% APR for clothing, while millennials prefer it for travel experiences. Despite economic concerns, 70% of Americans feel equally or more confident about managing holiday expenses compared to last year. Notably, 40% plan to start holiday shopping earlier in 2024, with September being a important month for GenZ and millennial shoppers.
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