Affirm Q3 2026 Earnings Preview: Revenue Expected to Rise 27% YoY

Affirm (AFRM) is set to report its fiscal third-quarter 2026 results on May 7, with analysts projecting revenue growth of approximately 27% year over year, driven by higher gross merchandise volume (GMV), an expanding active consumer base, and increased transaction volume.

Key Financial Metrics

Revenue is expected to rise 27% compared to the same quarter last year. Specific figures for revenue, net income, and earnings per share (EPS) have not been disclosed yet, but analysts anticipate improvements across these metrics due to user base expansion and higher transaction volumes.

Highlights from the Report

The official earnings release is pending, but expectations point to a notable increase in GMV and active consumers. Affirm is also likely to benefit from seasonal spring spending and the growing adoption of buy now, pay later (BNPL) services.

Forward Guidance

Affirm has not yet provided any forward guidance. Investors will focus on any updates regarding the fourth quarter and full fiscal year during the earnings call.

Impact on the Stock

Meeting or exceeding expectations could support AFRM shares, especially if accompanied by positive guidance. Conversely, any slowdown in GMV growth or rising credit costs could pressure the stock.

What This Means for Investors

This report is a key test of Affirm's ability to sustain growth momentum amid increasing competition in the BNPL space. Investors should monitor profitability and credit quality metrics alongside revenue growth.