Affirm Reports Fiscal Q1 2027 Revenue of $1.262 Billion
Revenue rose 35.2% year over year to $1.262 billion, while net income increased to $164.166 million, or $0.47 per share. GMV grew 34% to $14.4 billion; Affirm projected fiscal 2027 GMV above $65.25 billion.
Affirm Holdings, Inc. reported fiscal first-quarter 2027 revenue of $1.262 billion, a 35.2% increase from $933.337 million in the same period last year. Net income rose to $164.166 million, or $0.47 per share, compared to $80.694 million, or $0.23 per share, in the prior-year quarter. The company's growth was driven by a 34% increase in Gross Merchandise Volume (GMV) to $14.4 billion, supported by its direct-to-consumer products and growth in active merchants and transactions.
Additionally, the company provided forward-looking guidance for fiscal year 2027, projecting GMV to exceed $65.25 billion.