Affirm (NASDAQ:AFRM) Announces Earnings Results, Beats Expectations By $0.12 EPS

Affirm (NASDAQ:AFRM - Get Free Report) issued its quarterly earnings data on Thursday. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.12, Zacks reports. Affirm had a net margin of 1.62% and a return on equity of 1.80%. The company had revenue of $933.34 million for the quarter, compared to the consensus estimate of $881.83 million. During the same period last year, the firm posted ($0.31) EPS. Affirm's revenue for the quarter was up 33.6% on a year-over-year basis. Affirm updated its Q2 2026 guidance to EPS and its FY 2026 guidance to EPS.

Affirm Price Performance

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Shares of AFRM traded up $7.66 on Friday, reaching $73.62. The stock had a trading volume of 16,180,673 shares, compared to its average volume of 7,282,999. Affirm has a twelve month low of $30.90 and a twelve month high of $100.00. The firm has a market capitalization of $23.97 billion, a PE ratio of 566.35, a PEG ratio of 4.56 and a beta of 3.57. The firm has a 50-day moving average of $78.61 and a 200 day moving average of $68.03. The company has a quick ratio of 11.54, a current ratio of 11.54 and a debt-to-equity ratio of 2.55.

Analysts Set New Price Targets

AFRM has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft started coverage on Affirm in a research report on Thursday, July 17th. They set a "buy" rating and a $78.00 price objective for the company. UBS Group increased their price target on Affirm from $56.00 to $85.00 and gave the stock a "neutral" rating in a report on Friday, August 29th. JMP Securities lifted their price objective on Affirm from $75.00 to $105.00 and gave the company a "market outperform" rating in a report on Friday, August 29th. Wells Fargo & Company assumed coverage on Affirm in a research report on Tuesday, October 21st. They set an "overweight" rating and a $89.00 target price on the stock. Finally, Evercore ISI reissued an "outperform" rating on shares of Affirm in a report on Tuesday, September 16th. Three analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat.com, Affirm presently has a consensus rating of "Moderate Buy" and a consensus price target of $86.78.

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View Our Latest Stock Report on AFRM

Insider Activity at Affirm

In related news, CAO Siphelele Jiyane sold 12,500 shares of the stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $85.42, for a total value of $1,067,750.00. Following the sale, the chief accounting officer directly owned 213,967 shares of the company's stock, valued at approximately $18,277,061.14. This represents a 5.52% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Robert O'hare sold 31,423 shares of Affirm stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $83.30, for a total transaction of $2,617,535.90. The disclosure for this sale is available in the SEC filing. Insiders sold 1,761,596 shares of company stock valued at $148,662,354 in the last 90 days. 11.01% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

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Several institutional investors have recently modified their holdings of the stock. Sender Co & Partners Inc. purchased a new position in shares of Affirm during the 2nd quarter worth $245,000. Voleon Capital Management LP grew its holdings in shares of Affirm by 25.2% during the 2nd quarter. Voleon Capital Management LP now owns 15,623 shares of the company's stock worth $1,080,000 after purchasing an additional 3,143 shares during the period. One Fin Capital Management LP acquired a new stake in shares of Affirm in the second quarter worth $4,494,000. Man Group plc raised its position in Affirm by 257.7% in the second quarter. Man Group plc now owns 352,142 shares of the company's stock valued at $24,347,000 after purchasing an additional 253,699 shares during the period. Finally, Engineers Gate Manager LP lifted its position in Affirm by 32.3% during the 2nd quarter. Engineers Gate Manager LP now owns 49,927 shares of the company's stock worth $3,452,000 after acquiring an additional 12,198 shares in the last quarter. 69.29% of the stock is currently owned by institutional investors and hedge funds.

Affirm Company Profile

Affirm Holdings, Inc operates a platform for digital and mobile-first commerce in the United States, Canada, and internationally. The company's platform includes point-of-sale payment solution for consumers, merchant commerce solutions, and a consumer-focused app. Its commerce platform, agreements with originating banks, and capital markets partners enables consumers to pay for a purchase over time with terms ranging up to 60 months.

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