Buy now, pay later company Affirm (NASDAQ: AFRM) will be reporting results this Thursday after the bell. Here’s what you need to know.
Affirm beat analysts’ revenue expectations by 5.5% last quarter, reporting revenues of $933.3 million, up 33.6% year on year. It was a strong quarter for the company, with and a solid beat of analysts’ revenue estimates.
Is Affirm a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Affirm’s revenue to grow 22% year on year to $1.06 billion, slowing from the 46.6% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.84 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Affirm has only missed Wall Street’s revenue estimates once over the last two years, exceeding top-line expectations by 6.3% on average.
Looking at Affirm’s peers in the personal loan segment, some have already reported their Q4 results, giving us a hint as to what we can expect. SoFi delivered year-on-year revenue growth of 37%, beating analysts’ expectations by 2.7%, and LendingClub reported revenues up 22.7%, topping estimates by 1.8%. SoFi traded down 9.4% following the results while LendingClub was also down 16%.
Read our full analysis of SoFi’s results here and LendingClub’s results here.
The euphoria surrounding Trump’s November win lit a fire under major indices, but potential tariffs have caused the market to do a 180 in 2025. While some of the personal loan stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 5% on average over the last month. Affirm is down 23.5% during the same time and is heading into earnings with an average analyst price target of $91.73 (compared to the current share price of $61.72).
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