AFRM EARNINGS
$Affirm Holdings, Inc.(AFRM)$ Earnings:
- Total revenue grew 48% year over year to $659 million. Revenue as a percentage of GMV increased to 9.1%, compared to 8.1% in FQ4’23
- Operating Income improved $170 million to a ($73) million operating loss, compared to a ($244) million loss in FQ4’23.
- Net income improved $161 million year over year to a ($45) million loss, compared to a loss of ($206) million in FQ4’23.
- Gross Merchandise Volume (GMV) grew 31% year over year to $7.2 billion and significantly outpaced overall e-commerce growth. GMV from our top five merchants and platform partners collectively grew 38% year over year, with continued gains in share of cart.
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