Affirm Q3 2021 Earnings Report
Key Takeaways
Affirm's Q3 2021 results showed significant growth, with GMV increasing by 83% and active consumers growing by 60% year-over-year. The company also activated Shop Pay Installments for over 10,000 Shopify merchants.
Gross Merchandise Volume (GMV) increased by 83% to $2.3 billion compared to the third quarter of fiscal year 2020.
Active merchants more than doubled to nearly 12,000 from March 31, 2020, to March 31, 2021.
Active consumers grew 60% to 5.4 million from March 31, 2020, to March 31, 2021.
Transactions per active consumer were approximately 2.3 as of March 31, 2021, an increase of 10% when compared to March 31, 2020.
Affirm
Affirm
Affirm Revenue by Segment
Forward Guidance
Affirm provided financial outlook for the fiscal fourth quarter and full year 2021. The company raised its outlook for fiscal year 2021 to reflect the momentum in the business exiting the third fiscal quarter, which continued through April.
Revenue & Expenses
Visualization of income flow from segment revenue to net income