Mar 31, 2022

Affirm Q3 2022 Earnings Report

Affirm's Q3 2022 results exceeded financial outlook and raised outlook for fiscal year 2022, driven by network scaling with merchant and consumer growth and GMV increase.

Key Takeaways

Affirm reported strong growth in Q3 2022, with active merchants increasing to 207,000, active consumers growing by 137% year-over-year to 12.7 million, and GMV increasing by 73% to $3.9 billion. Total revenue grew by 54% year-over-year to $354.8 million.

GMV increased by 73% to $3.9 billion.

Active merchants grew from 12,000 to 207,000.

Active consumers increased by 137% to 12.7 million.

Total revenue increased by 54% to $354.8 million.

Total Revenue
$355M
Previous year: $231M
+53.8%
EPS
-$0.19
Previous year: -$1.06
-82.1%
Gross Merchandise Volume
$3.9B
Previous year: $2.3B
+69.6%
Active Consumers
12.7M
Previous year: 5.4M
+135.2%
Transactions per Consumer
2.7
Previous year: 2.3
+17.4%
Gross Profit
$201M
Previous year: -$169M
-218.7%
Cash and Equivalents
$2.26B
Previous year: $1.62B
+39.3%
Free Cash Flow
-$49.1M
Previous year: -$129M
-61.8%
Total Assets
$7.03B
Previous year: $4.77B
+47.5%

Affirm

Affirm

Affirm Revenue by Segment

Forward Guidance

Affirm provided financial outlook for the fiscal fourth quarter and full year 2022.

Revenue & Expenses

Visualization of income flow from segment revenue to net income