Affirm Results Presentation Deck

Key Assumptions Incorporated in Outlook Affirm's financial outlook calls for full year profitability, on an Adjusted Operating Income basis, in FY 2024. Interest rates and macroeconomic environment: The current forward interest rate curve and negative consumer sentiment will persist through the remainder of the fiscal year ending June 30, 2024, with no improvement in macroeconomic conditions. ● Seasonality and product mix: We expect increased consumer demand for our financing products in the fourth quarter of the calendar year, which is our second fiscal quarter, resulting in a quarterly high point for GMV. Pricing: We have incorporated consumers' student loan balances into our underwriting decisions, and continue expect the resumption of loan repayments to be a modest headwind to our FY'24 GMV. We expect our second fiscal quarter to represent a quarterly low point for both Revenue as a percentage of GMV and RLTC as a percentage of GMV driven by the timing mismatch of Revenue and the Provision for Credit Losses in our business. affirm We expect to continue to realize year-over-year increases in the weighted-average APRS for interest-bearing loans. Product: Our outlook includes the expected financial impact of the continued ramp of our Affirm Card offerings. Funding: We expect Equity Capital Required ("ECR") as a percentage of Total Platform Portfolio ("ECR Ratio") to peak at approximately 6% in our second fiscal quarter and decrease thereafter. 34

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