NASDAQ$AFRM
Affirm · Q2 2021 earnings
Q2 2021 earnings · · Investor relations
Briefing
Affirm's Q2 2021 financial results showcased substantial growth in GMV, active consumers, and revenue, driven by its mission to provide honest financial products.
Affirm reported a 57% increase in revenue, reaching $204.0 million, and a 55% increase in gross merchandise volume (GMV) to $2.1 billion. The company's active consumers grew by 52% to 4.5 million, and transactions per active consumer increased by 7% to 2.2. Despite the growth, the company reported a net loss of $31.6 million.
- Gross Merchandise Volume (GMV) increased by 55% year-over-year to $2.1 billion.
- Active consumers grew by 52% year-over-year, reaching 4.5 million.
- Transactions per active consumer increased by 7% year-over-year, reaching 2.2.
- Total revenue increased by 57% year-over-year to $204.0 million.
Headline financials
Revenue & EPS history
Affirm · Revenue · Quarterly
$204M
Forward guidance
Affirm provided guidance for the third quarter and full year fiscal 2021.
Tailwinds
- GMV is expected to be between $1.80 to $1.85 billion for Q3 2021 and $7.25 to $7.35 billion for the full year 2021.
- Revenue is expected to be between $185 to $195 million for Q3 2021 and $760 to $780 million for the full year 2021.
- Revenue Less Transaction Costs is expected to be between $60 to $65 million for Q3 2021 and $260 to $270 million for the full year 2021.
- Weighted Average Shares Outstanding are expected to be 226 million for Q3 2021 and 155 million for the full year 2021.
Headwinds
- Transaction Costs are expected to be between $125 to $130 million for Q3 2021 and $500 to $510 million for the full year 2021.
- Adjusted Operating Loss is expected to be between $(47.5) to $(52.5) million for Q3 2021 and $(120) to $(130) million for the full year 2021.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports
+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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