Affirm is in the strongest shape it’s ever been. We once again exceeded our expectations across every metric and supported our network through a record-setting holiday shopping season.
I’ll try keep it brief, but a few quick highlights from Q2 include:
- Our network reached new heights, with active consumers scaling to 21 million and GMV growing 35% YoY and surpassing $10 billion in a quarter for the first time in our history.
- Affirm Card reached 1.7 million active cardholders and more than doubled volume.Â
- We are five months away from our chosen target date to turn Affirm Operating Income positive, but it should be apparent to a casual observer that we are nearly there today. Operating income as a percentage of revenue was (0%).
- Affirm launched in the UK on schedule, just before the end of the calendar year, and the early results are consistent with our expectations.
Congratulations to my fellow Affirmers on a job well done! If you want to learn more about this quarter, check out our shareholder letter here: https://bit.ly/4hPP3N0
I’ll try keep it brief, but a few quick highlights from Q2 include:
- Our network reached new heights, with active consumers scaling to 21 million and GMV growing 35% YoY and surpassing $10 billion in a quarter for the first time in our history.
- Affirm Card reached 1.7 million active cardholders and more than doubled volume.Â
- We are five months away from our chosen target date to turn Affirm Operating Income positive, but it should be apparent to a casual observer that we are nearly there today. Operating income as a percentage of revenue was (0%).
- Affirm launched in the UK on schedule, just before the end of the calendar year, and the early results are consistent with our expectations.
Congratulations to my fellow Affirmers on a job well done! If you want to learn more about this quarter, check out our shareholder letter here: https://bit.ly/4hPP3N0
