NASDAQ$AFRM
Affirm · Q4 2021 earnings
Q4 2021 earnings · · Investor relations
Briefing
Affirm reported strong Q4 2021 results, exceeding financial outlook with accelerated GMV and revenue growth.
Affirm's Q4 2021 results demonstrated significant growth, with a 106% increase in GMV and a 71% increase in total revenue. The company expanded its network by nearly doubling active consumers and growing active merchants by over 400%.
- GMV increased by 106% to $2.5 billion.
- Active merchants grew by 412% to nearly 29,000.
- Active consumers grew by 97% to 7.1 million.
- Total revenue increased by 71% to $261.8 million.
Headline financials
Revenue & EPS history
Affirm · Revenue · Quarterly
$262M
Forward guidance
Affirm provided financial outlook for Q1 2022 and fiscal year 2022, but has not included estimates from the Amazon partnership or Affirm Debit+ rollout. The company expects moderation in GMV and revenue from Peloton in fiscal year 2022.
Tailwinds
- GMV for fiscal Q1 2022 is expected to be $2.42 to $2.52 billion.
- Revenue for fiscal Q1 2022 is expected to be $240 to $250 million.
- GMV for fiscal year 2022 is expected to be $12.45 to $12.75 billion.
- Revenue for fiscal year 2022 is expected to be $1.16 to $1.19 billion.
- Strategic progress achieved in fiscal year 2021 sets up for long-term growth.
Headwinds
- Adjusted operating loss for fiscal Q1 2022 is expected to be $(68) to $(63) million.
- Transaction costs for fiscal Q1 2022 are expected to be $145 to $150 million.
- Revenue less transaction costs for fiscal Q1 2022 are expected to be $95 to $100 million.
- Adjusted operating loss for fiscal year 2022 is expected to be $(145) to $(135) million.
- The company expects a moderation in GMV and revenue from Peloton in fiscal 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 Q4 2021
+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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