NASDAQ$AFRM

Affirm · Q2 2026 earnings

Q2 2026 earnings · · After market close · Investor relations

Briefing

Affirm reported fiscal Q2 2026 revenue of $1.12B with net income of $130M and diluted EPS of $0.37.

Total revenue, net grew 30% year over year to $1.12 billion. GAAP net income was $129.6 million versus $80.4 million in the prior-year quarter. The company highlighted expanding merchant and consumer adoption of pay-over-time solutions and improving credit performance.

  • Q2 revenue $1.12B (+30% YoY).
  • GAAP net income $130M; diluted EPS $0.37.
  • Active merchants and GMV trends supported growth.
  • Balance sheet and funding capacity support scale.

Headline financials

Total Revenue

$1.12B

Previous: $866M+29.6%
EPS (adj)

$0.37

Previous: $0.23+60.9%
GMV

$7.6B

Previous: $10.1B-24.8%
Active Consumers

19.0M

Previous: 21.0M-9.5%
Tx per Consumer

4.8

Previous: 5.3-9.4%
Active Merchants

300.0K

Previous: 337.2K-11.0%
DTC GMV

$3.3B

No prior period
Affirm Card GMV

$2.4B

No prior period
Card Attach Rate

21.0%

No prior period
Capital Expenditures

-$110M

Previous: -$88.1M-25.0%
Net Income

$130M

Previous: $80.4M+61.3%
Operating Income

$150M

Previous: $174M-13.7%

Revenue & EPS history

Affirm · Revenue · Quarterly

$1.12B

Q2 2026+29.6%vs Q2 2025
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Forward guidance

The release discusses Affirm's outlook for upcoming periods, including capital allocation, operating priorities, and market risks, without relying solely on numeric EPS bridges.

Tailwinds

  • Affirm cites operational execution and demand trends supporting the outlook.
  • Balance sheet and liquidity actions aim to fund growth and returns.

Headwinds

  • Macro, pricing, and input-cost volatility could pressure margins.
  • Segment mix and one-time items may affect quarter-to-quarter comparability.

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 Q2 2026

Historical avgQ2 2026

+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

Earnings price reactions
QuarterReport dateReaction (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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