Affirm Investor Day Presentation Deck
Disciplined investment approach based on growth
GMV Growth
Total Revenue Growth
Revenue as a % of GMV
Revenue Less Transaction
Costs as a % of GMV
Revenue Less Transaction
Costs as a % of Revenue
Adjusted Other Operating
Expenses as a % of Revenue¹
Adjusted Operating Margin²
Actual
FY 2020
77%
93%
11%
3%
32%
45%
"Hyper Growth"
Actual
FY 2021
79%
71%
10%
5%
50%
48%
Outlook
FY 2022
2%
50-54%
33-37%
9%
4-5%
48%
59-60%
"Growth"
@ 30-40% GMV
Growth
30-40%
20-30%
~8%
3-4%
37.5-50%
37.5-40%
affirm
0-10%
"Long Term"
<30% GMV
Growth
6-8%
3-4%
37.5-50%
(13)%
(11)-(13) %
1. Adjusted Other Operating Expenses is total operating expenses excluding (a) transaction costs; (b) depreciation and amortization; (c) stock-based compensation included in GAAP operating expenses;
(d) the amortization of our Shopify commercial agreement asset; and (e) certain other costs.
17.5-20%
20-30%
2. Adjusted Operating Margin is operating income (loss) excluding (a) depreciation and amortization; (b) stock-based compensation included in GAAP operating expenses; (c) the amortization of our
Shopify commercial agreement asset; and (d) certain other costs, divided by total revenue.
Growth rates and margins correspond to Affirm's FY22 Financial Outlook, as presented on September 9, 2021.
All metrics are unaudited.View entire presentation