Affirm Reports Fiscal Q1 2027 Results With $1.3 Billion Revenue
Affirm Holdings reported quarterly results highlighted by Total revenue grew 35% to $1,262 million, according to its earnings release filed with an 8-K Thursday.
Gross Merchandise Volume grew 34% to $14.4 billion, the twelfth consecutive quarter of more than 30% GMV growth. Revenue Less Transaction Costs (RLTC) was $617 million, up 34%, equal to 4.3% of GMV. GAAP net income was $83 million, the eighth consecutive quarter of GAAP profitability.
Results detail
Further figures in the release included Operating income was 15% of revenue, up 8 percentage points year over year; Adjusted operating income was 30% of revenue, up 2 percentage points year over year.
The filing is an Item 2.02 results announcement furnished with Exhibit 99.1. Comparisons use the year-earlier period as presented by Affirm Holdings unless the release specifies another baseline. Where both GAAP and non-GAAP metrics appear, both are summarized when the extract includes them.
Segment mix, cash flow and any outlook language in the release are the usual secondary reads after the headline revenue and earnings figures.
Why it matters
For retail investors, the Affirm Holdings print is a check on whether growth, margins and cash generation are moving together. The figures above come from the company’s Exhibit 99.1 earnings materials; how they stack up against the prior-year run rate and any guide published with the release will shape the near-term debate.
By the numbers
- Total revenue grew 35% to $1,262 million
- Gross Merchandise Volume grew 34% to $14.4 billion, the twelfth consecutive quarter of more than 30% GMV growth
- Revenue Less Transaction Costs (RLTC) was $617 million, up 34%, equal to 4.3% of GMV
- GAAP net income was $83 million, the eighth consecutive quarter of GAAP profitability
- Operating income was 15% of revenue, up 8 percentage points year over year
- Adjusted operating income was 30% of revenue, up 2 percentage points year over year
Sources
- Affirm Holdings, Inc. Form 8-K with quarterly financial results, filed Nov. 5, 2026 (accession 0001628280-26-071005)
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