Affirm Sees 'Enormous' Merchant Growth Runway, Guides FY27 Revenue Above $5.44B
AFRM sits 94% above its 52-week low of $42.095 on elevated volume (3.6× avg).
Summary
Affirm's earnings call revealed management sees massive untapped merchant expansion—only 80 of the top 250 e-commerce sites and about 10% of e-commerce merchants are currently reached. The company guided fiscal 2027 revenue above $5.44 billion, beating the $5.287 billion consensus, with GMV expected to exceed $64 billion. Affirm Card attach rate hit 19% of active users, and cardholders spend roughly double typical customers. Direct-to-consumer products now generate over 80% of loans with interest. The stock rose 7.38% premarket to $83.21, extending yesterday's after-hours gains. This follows the blowout FQ4'26 results reported yesterday, adding forward-looking detail that supports the growth narrative.
At the time of this announcement, AFRM was trading at $81.70 on NASDAQ in the Finance sector, with a market capitalization of approximately $27.4B. The 52-week trading range was $42.10 to $100.00. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Benzinga.