Affirm Investor Day Presentation Deck

Reconciliation of non-GAAP financial measures Reconciliation of Adjusted Operating Margin to Operating Income (Loss) ($M, except %) Operating Income (Loss) Less: Depreciation and Amortization Less: Stock-Based Compensation Less: Amortization of Shopify Commercial Agreement Asset Less: Other Costs¹ Adjusted Operating Income (Loss) (Non-GAAP) Divided By: Total Revenue Adjusted Operating Margin (Non-GAAP) FY 2020 (107) 9 30 (68) 510 (13)% FY 2021 (380) 20 288 65 21 14 870 2% 1. Other consists of one-time expenses incurred in the period associated with the Company's initial public offering, its strategic acquisitions, and impairment of right of use assets. Metrics are unaudited. affirm

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