NASDAQ$AFRM

Affirm · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Affirm's Q3 2022 results exceeded financial outlook and raised outlook for fiscal year 2022, driven by network scaling with merchant and consumer growth and GMV increase.

Affirm reported strong growth in Q3 2022, with active merchants increasing to 207,000, active consumers growing by 137% year-over-year to 12.7 million, and GMV increasing by 73% to $3.9 billion. Total revenue grew by 54% year-over-year to $354.8 million.

  • GMV increased by 73% to $3.9 billion.
  • Active merchants grew from 12,000 to 207,000.
  • Active consumers increased by 137% to 12.7 million.
  • Total revenue increased by 54% to $354.8 million.

Headline financials

Total Revenue

$355M

Previous: $231M+53.8%
EPS (adj)

-$0.19

Previous: -$1.06+82.1%
GMV

$3.9B

Previous: $2.3B+69.6%
Active Consumers

12.7M

Previous: 5.4M+135.2%
Tx per Consumer

2.7

Previous: 2.3+17.4%
Active Merchants

207.0K

Previous: 12.0K+1625.0%
Capital Expenditures

-$59.3M

Previous: -$12.4M-377.3%
Free Cash Flow

-$114M

Previous: -$260M+56.1%
Net Income

-$54.7M

Previous: -$247M+77.9%
Operating Income

-$227M

Previous: -$169M-33.7%
Gross Profit

$288M

Previous: $230M+25.6%
Cash & Equivalents

$2.26B

Previous: $1.62B+39.3%
Total Assets

$7.03B

Previous: $4.77B+47.5%
Stock-Based Comp

$98.4M

Previous: $140M-29.6%

Revenue & EPS history

Affirm · Revenue · Quarterly

$355M

Q3 2022+53.8%vs Q3 2021
Beat estimate in 6 of 10 quarters(60%)
ActualEstimate

Forward guidance

Affirm provided financial outlook for the fiscal fourth quarter and full year 2022.

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 Q3 2022

Historical avgQ3 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

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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