Affirm Results Presentation Deck
Quarterly Revenue & Transaction Cost Detail
December 31, 2020
2,075
June 30, 2021
2,484
($ in 000s except GMV)
Gross Merchandise Value ($M)
Revenue
Merchant network revenue
Virtual card network revenue
Total network revenue
Interest income
Gain (loss) on sales of loans
Servicing income
Total Revenue, net
Transaction Costs
Loss on loan purchase commitment
Provision for credit losses
Funding costs
Processing and servicing
Total Transaction Costs
Revenue Less Transaction Costs
Line Items as a % of GMV
Gross Merchandise Value
Revenue
Merchant network revenue
Virtual card network revenue
Total network revenue
Interest income
Gain (loss) on sales of loans
Servicing income
Total Revenue, net
Transaction Costs
Loss on loan purchase commitment
Provision for credit losses.
Funding costs
Processing and servicing
Total Transaction Costs
$
affirm) 3. Metrics are unaudited
$
$
$
$
$
$
March 31 2020
1,231
67,350
5,930
73,280
52,372
9,866
2,755
138,273
(9,344)
100.0 %
5.5 %
0.5%
6.0 %
4.3 %
0.8%
0.2 %
11.2 %
43,519 $
82,216
8,204
13,678
147,617 $
3.5 %
6.7 %
0.7%
1.1 %
12.0%
$
(0.8)%
$
$
$
$
June 30, 2020
1,203 $
85,249
2,699
87,948
49,117
11,578
4,689
153,332
55,311
(32,171)
7,817
14,806
45,763
107,569
100.0 %
7.1%
0.2 %
7.3 %
4.1%
1.0 %
0.4 %
12.7 %
4.6 %
(2.7)%
0.6 %
1.2 %
3.8 %
8.9 %
$
$
$
September 30, 2020
1,476
$
$
$
93,265
5,958
99,223
54,237
16,434
4,084
173,978
65,868
28,931
10,352
13,498
118,649
55,329
100.0 %
6.3 %
0.4 %
6.7 %
3.7 %
1.1 %
0.3%
11.8%
4.5 %
2.0 %
0.7%
0.9 %
8.0 %
3.7%
$
$
$
$
$
$
$
67,768
12,521
12,060
16,802
109,151
99,630
10,820
110,450
73,857
14,560
5,174
204,041 $
94,890
100.0 %
4.8 %
0.5 %
5.3 %
3.6 %
0.7%
0.2 %
9.8 %
3.3 %
0.6 %
0.6 %
0.8 %
5.3%
Three Months Ended
March 31, 2021
4.6 %
$
$
$
$
$
$
2,257 $
97,999
13,809
111,808
94,530
16,350
7,977
230,665
62,054 $
(1,063)
14,665
21,368
97,024 $
100.0 %
Revenue Less Transaction Costs
Notes:
1. FY Q1'21 and FY Q2'21 amounts include adjustments to amounts previously reported due to effects of adoption of accounting standards effective July 1, 2020
2. FY Q3'21 amounts include adjustments to amounts previously reported due to an adjustment to stock-based compensation expense
133,641 $
4.3 %
0.6 %
5.0 %
4.2 %
0.7 %
0.4 %
10.2 %
$
2.7%
(0.0)%
0.6 %
0.9 %
4.3 %
$
5.9 %
88,657
19,264
107,921
103,793
42,582
7,484
261,780
51,010
25,489
15,623
21,910
114,032
147,748
100.0 %
3.6 %
0.8%
4.3 %
4.2 %
1.7 %
0.3 %
10.5 %
2.1%
1.0 %
0.6 %
0.9 %
4.6%
5.9 %
September 30, 2021
2,713
$
$
$
$
$
$
92,244
19,395
111,639
117,302
30,979
9,465
269,385
51,678
63,647
16,753
25,201
157,279
112,106
100.0 %
3.4 %
0.7 %
4.1 %
4.3 %
1.1 %
0.3%
9.9 %
1.9 %
2.3 %
0.6 %
0.9 %
5.8 %
4.1 %
$
$
$
$
$
$
$
December 31, 2021
4,458
127,087
26,558
153,645
138,355
57,690
11,321
361,011
65,265
52,640
17,700
41,849
177,454
183,557
100.0 %
2.9 %
0.6 %
3.4 %
3.1 %
1.3 %
0.3 %
8.1 %
1.5 %
1.2 %
0.4 %
0.9 %
4.0 %
4.1 %
$
$
$
$
$
$
$
March 31, 2022
3,916
121,054
23,169
144,223
134,599
52,484
23,456
354,762
46,853
66,294
15,824
43,371
172,342
182,420
100.0 %
3.1 %
0.6 %
3.7 %
3.4 %
1.3 %
0.6 %
9.1 %
1.2 %
1.7 %
0.4 %
1.1 %
4.4 %
4.7%
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