Affirm says fourth quarter was its most profitable ever
Affirm said fiscal fourth quarter was its most profitable ever and announced promotions for Michael Linford and another veteran executive.
Affirm Holdings (NASDAQ: AFRM ) released fourth-quarter financial results and hosted an earnings call on Thursday.
Read the complete transcript below.
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The full earnings call is available at Summary Affirm Holdings reported its most profitable quarter ever, driven by strong core business performance and strategic initiatives.
Promotions within the executive team were announced, with Michael Linford becoming President, highlighting a focus on tighter execution and future product development.
The company continues to expand its product offerings, including multiple credit products and new services like the Affirm Card, which shows strong offline growth.
Affirm is seeing significant traction in international markets, particularly in the UK, with positive consumer and merchant reception.
Management emphasized a strategic focus on building a strong network effect, maintaining control over credit outcomes, and ensuring sustainable long-term growth.
Full Transcript OPERATOR Good afternoon.
Welcome to the Affirm Holdings fourth quarter fiscal 2026 earnings call.
Following the speakers' remarks, we will open the line for questions.
As a reminder, this conference is being recorded and a replay of the call will be available on our investor relations website for a reasonable period of time after the call.
I'd now like to turn the call over to Zane Keller, Head of Investor Relations.
Thank you.
You may begin.
Zane Keller, Head of Investor Relations Thank you, operator.
Before we begin, I would like to remind everyone listening that today's call may contain forward-looking statements.
These forward-looking statements are subject to numerous risks and uncertainties, including those set forth in our filings with the SEC, which are available on our investor relations website.
Our actual results may differ materially from any forward-looking statements that we make today.
These forward-looking statements speak only as of today, and the company does not assume any obligation or intent to update them except as required by law.
In addition, today's call may include non-GAAP financial measures.
These measures should be considered as a supplement to, and not a substitute for, GAAP financial measures.
For historical non-GAAP financial measures, reconciliations to the most directly comparable GAAP measures can be found in our earnings supplement slide deck, which is available on our IR website.
Hosting today's call with me are Max Levchin, Affirm's Founder and Chief Executive Officer; Michael Linford, Affirm's President; and Rob O'Hare, Affirm's Chief Financial Officer.
In line with our practice in prior quarters, we will begin with very brief opening remarks from Max before proceeding immediately into your questions.
With that, I will turn it over to Max to get us started.
Max Levchin, Founder and Chief Executive Officer Thank you, Zane.
As always, the performance—as good as it is—I'll keep the impromptu remarks brief.
As you may have noticed, fiscal fourth quarter was our most profitable quarter ever.
Even without the tax allowance release, the company is thriving and the core business is firing on all cylinders.
I'm excited to announce that our veteran execs, Pat and Michael Linford, are promoted to SVP, GM of Global Markets and President, respectively, setting us up for an even tighter execution and allowing me to get even deeper into developing our next generation of products and services.
Happy to address your questions.
Back to you, Zane.
Zane Keller, Head of Investor Relations Okay, thank you, Max.
Now let's get to your questions.