Affirm Holdings Inc. (AFRM) Fourth-Quarter Fiscal 2024 Earnings Report Preview

Earnings Release and Conference Call Details

Affirm Holdings Inc. (AFRM) will release its fourth-quarter fiscal 2024 financial results on August 28, 2023, after the market closes. The company will host a conference call to discuss the results at 4:30 PM Eastern Time.

Earnings Report Access:

• Affirm Q3 2021 Earnings Release: https://investors.affirm.com/financials/earnings-releases/2021/affirm-q3-2021-earnings-release
• Affirm Q3 2021 Earnings Supplement: https://investors.affirm.com/financials/earnings-supplement/2021/affirm-q3-2021-earnings-supplement

Analysts' Expectations

According to Zacks Investment Research, Wall Street analysts expect Affirm Holdings to report quarterly earnings of $0.07 per share in its upcoming report, indicating a year-over-year decline of approximately 80%.

Key Metrics to Watch

• Revenue: Analysts expect Affirm Holdings to report revenue of $400.3 million, representing a year-over-year increase of approximately 21%.
• Gross merchandise volume (GMV): GMV is the total value of goods and services sold on Affirm's platform. Analysts estimate GMV to reach $4.4 billion, indicating a year-over-year increase of approximately 20%.
• Active consumer base: The number of active consumers on Affirm's platform is a key indicator of its growth potential. Analysts expect the company to report an increase in its active consumer base.
• Net income: Analysts expect Affirm Holdings to report a net loss in the fourth quarter of fiscal 2024, due to increased operating expenses.

Factors to Consider

Investors should consider the following factors when evaluating Affirm Holdings' fourth-quarter fiscal 2024 earnings report:

• Economic conditions: The macroeconomic environment, including inflation, interest rates, and consumer spending, can impact Affirm Holdings' business.
• Competition: Affirm Holdings faces competition from other buy now, pay later (BNPL) providers, as well as traditional lenders and credit card companies.
• Regulatory environment: Changes in regulatory policies could impact Affirm Holdings' operations and profitability.

Conclusion

Affirm Holdings is expected to report mixed financial results for the fourth quarter of fiscal 2024, with revenue growth offset by increased expenses. Investors should carefully consider the factors mentioned above when evaluating the company's performance and outlook.