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AI brief of an SEC Form 8-K · Affirm Holdings, Inc. (AFRM)

Affirm revenue rises 35% to $1.26 billion; net income reaches $164 million in fiscal Q1

Positive Impact 3 of 5 earnings Written later

Affirm reported results for the first fiscal quarter ended September 30, 2026, in a shareholder letter filed under Item 2.02. Total revenue grew 35% to $1,262.2 million and GMV grew 34% to $14.4 billion, while net income was $164.2 million compared with $80.7 million a year earlier. The company also gave outlook figures for fiscal Q2 2027 and fiscal 2027, including GMV of $17.9 to $18.2 billion for the quarter.

Key points

  • Revenue rose 35% to $1,262.2 million; GMV rose 34% to $14.4 billion
  • Net income was $164.2 million, up from $80.7 million; operating income was $187.1 million, up from $63.7 million
  • Adjusted operating income was $379.7 million, with adjusted operating margin of 30.1%
  • Fiscal Q2 2027 outlook: revenue of $1,435 to $1,465 million; fiscal 2027 GMV of more than $65.25 billion

The filing

CompanyAffirm Holdings, Inc. (AFRM)
Form8-K, current report
Filed with the SECNov 5, 2026, 4:04 PM ET
Accession number0001628280-26-071005

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 11:43 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 05, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.