Affirm Beats Estimates by 1,300% on EPS as GMV Jumps 36% to $14.1 Billion

Affirm reported fourth-quarter fiscal 2026 results on August 27, 2026, with revenue up 33% year-over-year to $1.17 billion, beating the $1.11 billion analyst estimate.

Strong Growth Across Key Metrics

• Gross merchandise volume climbed 36% year-over-year to $14.1 billion, topping the $13.39 billion analyst estimate
• Adjusted EPS reached $4.62, beating the $0.33 consensus estimate by roughly 1,300%
• Adjusted operating income was $353 million, representing a 30% adjusted operating margin

Full Fiscal Year Results

For full fiscal 2026, Affirm reported revenue of $4.26 billion and GAAP net income of $1.93 billion, or $5.53 per share — a significant swing to full-year GAAP profitability.

Guidance

Affirm guided fiscal first-quarter 2027 GMV to $13.7-14.0 billion and revenue to $1.19-1.22 billion.

What This Means for BNPL and Checkout Financing Buyers

Affirm's results, alongside its recent expansion of Shop Pay Installments into new markets with Shopify, are a useful data point for merchants evaluating buy-now-pay-later integration options — the combination of GMV growth well ahead of estimates and a full swing to GAAP profitability suggests the underlying unit economics are strengthening alongside volume growth, rather than volume growth coming at the expense of profitability.