Affirm Holdings, Inc. reported better-than-expected fiscal first-quarter results for 2025, demonstrating robust growth across key metrics. The company announced Gross Merchandise Volume (GMV) of $7.6 billion, surpassing the average estimate of $7.28 billion and representing a 35% increase from the prior year. Total revenue in the fiscal first quarter rose 41% to $496.5 million year-over-year.
Revenue less transaction costs (RLTC), a key profitability metric, reached $285 million, exceeding earlier guidance of $265 million to $280 million. Affirm reiterated its expectation to achieve GAAP profitability in its fiscal fourth quarter of 2025, a significant milestone for the company. This commitment underscores the effectiveness of its operating leverage and disciplined cost management.
For the fiscal second quarter, Affirm provided guidance projecting revenue between $770 million and $810 million, with a midpoint of $790 million, aligning with analyst estimates. GMV for the second quarter is anticipated to be in the range of $9.35 billion to $9.75 billion. The company's partnerships with major platforms like Apple, Amazon, and Shopify continue to drive these positive results, with strong underwriting for higher-priced and interest-bearing purchases differentiating Affirm in the competitive BNPL market.
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