Affirm Holdings, Inc.: Emergent Payment Models, Affirm Card Adoption

Affirm Holdings Inc. reported a strong fiscal third quarter for 2024, reflecting robust growth and strategic initiatives that seem to be paying off, while also highlighting areas that warrant caution. Firstly, the positives emerging from the quarter include notable advancements in volume growth. Gross Merchandise Volume (GMV) increased by 36%, which is compelling evidence of the company’s capability to attract and retain users despite a competitive landscape. Furthermore, the introduction and continual enhancement of the Affirm Card is an encouraging step toward diversifying and deepening customer engagement. Increased usage of the Affirm Card, particularly the recent improvement in spend per user metrics, bolster the company’s position in offering versatile financial products.