From Startup Fortune · · 1m 20s
Affirm Posts Best Quarter as Visa and Mastercard Wobble
Affirm beats profit estimates with 35% revenue growth as Visa and Mastercard shares fall.
In brief
Affirm beats profit estimates with 35% revenue growth as Visa and Mastercard shares fall. Affirm reported $1.26 billion revenue and 47 cents earnings per share for Q1 2027, beating estimates while Visa and Mastercard shares dropped 19% and 18% respectively due to stablecoin threats. Originally reported by Startup…
Affirm Reports Strong Q1 2027 Results
Affirm posted GAAP earnings per share of 47 cents against a consensus estimate of 38 cents.
Revenue Surpasses Analyst Expectations
Revenue climbed 35% year over year to $1.26 billion, ahead of $1.21 billion analysts expected.
Gross Merchandise Volume Rises 34%
Gross merchandise volume rose 34% to $14.4 billion, the key metric for lenders.
Affirm Card GMV Grows 117%
Card GMV grew 117% year over year to $3.3 billion with active cardholders reaching 6 million.
Amazon Partnership Continues
Affirm maintains Amazon checkout partnership through January 2031, a major growth driver.
Sam's Club Deal Secured
Affirm signed exclusive Sam's Club pay-over-time deal on October 22, nearly two years after losing Walmart contract.
Visa and Mastercard Shares Decline
Visa shares fell 19% and Mastercard shares dropped 18% over the past year due to stablecoin threats.
Stablecoin Threats Impact Card Networks
Stablecoin transaction volume hit $33 trillion in 2025, up 72% from previous year.
The short version
Affirm reported $1.26 billion revenue and 47 cents earnings per share for Q1 2027, beating estimates while Visa and Mastercard shares dropped 19% and 18% respectively due to stablecoin threats.
