
Affirm (AFRM) reported Q1 2026 revenue of $933.3 million (vs. $884.7M estimate) and GAAP EPS of $0.23 (vs. $0.11 estimate), both beating expectations. The company highlighted the five-year extension of its Amazon partnership, strong GMV growth, and positive trends in 0% APR and strategic platform relationships.
Bullish
Affirm extended its US agreement with Amazon for an additional five years through January 2031, demonstrating a strong partnership with a major retailer.
Bearish
Affirm is targeting an upper bound of 4% for revenue less transaction cost take rates, indicating a focus on balancing growth and profitability.