Zacks Investment Research
24 Sept 2026, 17:51 UTC · 1h ago
Verdict
Headline takes no side. We score AFRM +0.60 across four claims — strongly bullish.
+0.60strongly bullish
More positive than 74% of ticker scores this week
What the story claims
4 claims · scored −1 bearish … +1 bullish · 0 new · 4 priced in
Affirm's fiscal 2026 GMV increased 37% year over year to $50.2 billion.
Priced inanalysis of fiscal 2026 results
So whatWith Q4 GMV at $14.1 billion, the company averaged $12.5 billion per quarter for the first nine months of FY2026.
More positive than 93% of claims this week
Affirm's average annualized funding costs declined 103 basis points year over year to 5.8% in the fourth quarter.
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5 related stories
Scored by the NIS engine · methodology.
Priced inanalysis of fiscal 2026 results
So whatIf funding costs revert to the FY2026 average of ~$9.08 per $1,000 of GMV, margin expansion for FY2027 will stall.
More positive than 77% of claims this week
Provision for credit losses rose to $796.7 million in fiscal 2026 from $616.7 million the prior year.
Priced inanalysis of fiscal 2026 results
So whatThe 29% increase in provisions suggests a higher risk profile that could drag on EPS in FY2027.
More negative than 78% of claims this week
30-plus-day delinquencies for Affirm increased 19 basis points to 2.5%, excluding Peloton and Pay-in-X loans.
Priced inanalysis of fiscal 2026 results
So whatA delinquency rate above 2.5% typically triggers tighter credit underwriting, potentially slowing GMV growth next quarter.
More negative than 71% of claims this week
Which stocks this story touches
More positive than 75% of relationship scores this week
[mutual] Affirm and Klarna are identified as competitors in the digital lending and payments space.
More positive than 75% of relationship scores this week
[mutual] Affirm and Sezzle are identified as competitors in the digital lending and payments space.
More positive than 75% of relationship scores this week
[mutual] Sezzle and Klarna are identified as competitors in the digital lending and payments space.
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+4.6%
Price agrees with the score
$71.20 vs $68.09 close before publication (Sep 23) · not market-adjusted
AFRM chart →