NASDAQ$AFRM
Affirm · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
Affirm's Q1 2022 results exceeded financial outlook and raised outlook for GMV, revenue, and revenue less transaction costs.
Affirm reported a strong first quarter in fiscal year 2022, with significant growth in GMV, active merchants, and active consumers. The company expanded its relationship with Amazon and continued its partnership with Peloton. Total revenue increased by 55% year-over-year, driven by growth in interest income, network revenue, and gains on sales of loans.
- Gross Merchandise Volume (GMV) increased by 84% to $2.7 billion.
- Active merchants grew from 6,500 to 102,000, primarily due to the adoption of Shop Pay Installments.
- Active consumers increased by 124% to 8.7 million.
- Total revenue increased by 55% to $269.4 million.
Headline financials
Revenue & EPS history
Affirm · Revenue · Quarterly
$269M
Forward guidance
Affirm provided financial outlook for the fiscal second quarter and full year 2022, assuming no material impact from the Affirm Debit+ card or the partnership in Australia.
Tailwinds
- GMV for fiscal Q2 2022 is expected to be $3.55 to $3.65 billion.
- Revenue for fiscal Q2 2022 is expected to be $320 to $330 million.
- GMV for fiscal year 2022 is expected to be $13.13 to $13.38 billion.
- Revenue for fiscal year 2022 is expected to be $1,225 to $1,250 million.
- Transaction Costs for fiscal year 2022 is expected to be $645 to $655 million.
Headwinds
- Transaction Costs for fiscal Q2 2022 is expected to be $143 to $148 million.
- Revenue Less Transaction Costs for fiscal Q2 2022 is expected to be $178 to $183 million.
- Adjusted Operating Loss as a Percentage of Revenue for fiscal Q2 2022 is expected to be (7) to (5) percent.
- Revenue Less Transaction Costs for fiscal year 2022 is expected to be $580 to $595 million.
- Adjusted Operating Loss as a Percentage of Revenue for fiscal year 2022 is expected to be (14) to (12) percent.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2022
+0.6%
Avg return
Earnings day
+2.3%
Avg return
5 days after
+1.4%
Avg return
30 days after
35%
9 / 26 earnings
Positive
+62.1%
Q3 2022
Best reaction
-37.7%
Q2 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q3 2026 | -1.2% | -6.2% | -5.6% | |
| Q2 2026 | -4.0% | -4.8% | -13.0% | |
| Q1 2026 | +11.7% | +19.7% | +3.1% | |
| Q3 2025 | -14.7% | +4.2% | +8.6% | |
| Q2 2025 | +21.8% | +22.5% | -15.8% | |
| Q1 2025 | -7.0% | +15.2% | +43.8% | |
| Q4 2024 | +28.1% | +35.4% | +26.6% | |
| Q3 2024 | -0.3% | -8.3% | -13.9% | |
| Q2 2024 | -1.7% | -10.9% | -13.1% | |
| Q1 2024 | +12.5% | +3.6% | +90.4% | |
| Q4 2023 | +22.6% | +32.0% | +39.1% | |
| Q3 2023 | +2.6% | +1.1% | +57.9% | |
| Q2 2023 | -22.8% | -26.2% | -39.7% | |
| Q1 2023 | -22.6% | +8.8% | -25.7% | |
| Q4 2022 | -18.7% | -22.1% | -36.2% | |
| Q3 2022 | +62.1% | +72.5% | +39.7% | |
| Q2 2022 | -37.7% | -40.0% | -58.7% | |
| Q1 2022 | -3.8% | -6.2% | -27.3% | |
| Q4 2019 | -8.4% | -3.0% | +24.8% | |
| Q4 2021 | +41.3% | +23.4% | +61.3% | |
| Q3 2020 | -4.4% | -1.2% | +24.8% | |
| Q3 2021 | +2.7% | +0.0% | +11.6% | |
| Q1 2021 | -11.4% | -12.0% | -35.1% | |
| Q4 2020 | -11.4% | -12.0% | -35.1% | |
| Q2 2020 | -11.4% | -12.0% | -35.1% | |
| Q2 2021 | -7.6% | -12.5% | -41.6% | |
| Q1 2020 | — | — | — |
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