# Affirm Posts Best Quarter as Visa and Mastercard Wobble

> Affirm beats profit estimates with 35% revenue growth as Visa and Mastercard shares fall.
- Title: Affirm Posts Best Quarter as Visa and Mastercard Wobble
- Summary: Affirm beats profit estimates with 35% revenue growth as Visa and Mastercard shares fall.
- Keywords: affirm, visas, mastercard, stablecoins, q1 fiscal 2027, revenue growth, buy now pay later, affirm card, Startup Fortune
- Source: Startup Fortune — https://startupfortune.com/affirm-posts-its-best-quarter-ever-as-visa-and-mastercard-wobble
- Published: 2026-11-06T15:05:23+00:00
- Read time: 1 min
- Topics: affirm, visas, mastercard, stablecoins, q1 fiscal 2027, revenue growth, buy now pay later, affirm card, startups, business
## 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.
## Key takeaway

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.