Affirm Holdings, Inc. Stock Price, News & Analysis

Affirm Holdings (NASDAQ: AFRM) has announced a shareholder fireside chat featuring CFO Rob O'Hare, scheduled for December 13, 2024 at 11:00 AM Eastern Time. The event will be moderated by Bryan Keane from Deutsche Bank and webcast live on Affirm's investor relations website.

Shareholders can participate by submitting and upvoting questions through Say Technologies' platform, which will be open from December 3, 2024 at 4:00 PM ET until December 12, 2024 at 8:00 AM ET. The discussion will focus on Affirm's strategy, products, business model, and financial results.

Affirm Holdings (NASDAQ: AFRM) and PGIM Fixed Income, a Prudential Financial company, announced the completion of a $500 million private purchase of Affirm loans. This transaction deepens their partnership, with PGIM Fixed Income managing over $120 billion in assets across public and private securitized credit. Previously, PGIM invested in Affirm’s public asset-backed securitizations. Affirm has issued 21 securitizations totaling nearly $10 billion, involving over 130 capital partners. PGIM sees Affirm’s assets as an attractive investment opportunity, enhancing its origination relationships. Affirm empowers 19 million active consumers and generated over $28 billion in GMV for the last twelve months ending September 30, 2024. Its funding capacity has grown by 50% over the last two years to $16.8 billion as of September 30, 2024.

Affirm (NASDAQ: AFRM) has expanded its merchant network with new partnerships including Agape Diamonds, Ever/body, Garmin, and Living Spaces ahead of the holiday season. The company's global network now exceeds 320,000 merchant partners, marking a 20% year-over-year increase. During Black Friday Cyber Monday, Affirm saw a 40-50% year-over-year increase in electronics and travel categories. The payment network is now integrated with over 60% of US e-commerce, offering flexible payment options including 0% APR financing through various channels including the Affirm Card, App, and digital wallets.

According to new research by Affirm, Canadian consumers are adopting a strategic approach to holiday shopping rather than cutting back. 71% of Canadians plan to maintain or increase their spending, with 77% embracing 'slow shopping' - taking more time to evaluate purchases. 59% plan to complete their shopping on or after Black Friday, focusing on meaningful purchases and best deals. The study reveals that 48% of consumers are choosing flexible payment options for better budgeting, while 42% appreciate 0% APR offers. Nearly 40% value 0% APR financing as much as or more than traditional discounts.

JD Sports has partnered with Affirm (NASDAQ: AFRM) to offer flexible payment options across its 500+ JD Sports and Finish Line locations nationwide. Customers can now pay for brands like Nike, adidas, New Balance, and North Face in biweekly or monthly installments, with as low as 0% APR and no hidden fees. The partnership comes ahead of Black Friday and Cyber Monday, following Affirm's reported 50% year-over-year increase in sporting goods purchases in October. Customers can access the payment option both in-store via QR code and online through the Affirm app.

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.