Affirm Reports Record Quarterly Profitability Amid Product Innovation and Merchant Expansion
Affirm (AFRM) reported that Q4 2026 was its most profitable quarter in history, excluding the impact of a tax allowance release. The company highlighted strong performance across multiple segments, including Pay-in-X growth driven by a major merchant switching to an evergreen offering and significant adoption of Affirm Card with a 19% attach rate relative to active users. The firm noted that over 80% of direct-to-consumer loans are now interest-bearing. Additionally, the company expanded its presence in offline transactions, where 30% of card activity occurred, signaling potential for point-of-sale growth. Affirm also announced leadership changes and a strategic focus on product innovation to support long-term goals. Affirm's merchant network reached 10% of total e-commerce merchants in the U.S., including top sites, while its services vertical volume nearly doubled year-over-year after integrating two major platforms.
Tickers: $AFRM
Topics: financial_performance growth_metrics product_adoption