Affirm Investor 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 affirm Actual FY 2020 77% 93% 11% 3% 32% 45% (13)% "Hyper Growth" Actual FY 2021 79% 71% 10% 5% 50% 48% 2% Outlook FY 2022P 78%+ 50%+ ~9% ~4% ~46% 57-59% (13)-(11) % "Growth" @ 30-40% GMV Growth 30-40% 20-30% ~8% 3-4% 37.5-50% 37.5-40% 0-10% "Long Term" @ <30% GMV Growth 6-8% 3-4% 37.5-50% 17.5-20% 20-30% FY 2022P growth rates and margins correspond to Affirm's latest FY22 Financial Outlook, as provided on March 14, 2022; "Growth" and "Long Term" Growth rates and margins correspond to Affirm's long-term financial framework presented on September 28, 2021. All metrics are unaudited. 1. Adjusted Other Operating Expenses is a non-GAAP financial measure that is equal to total operating expenses excluding (a) transaction costs; (b) depreciation and amortization; (c) stock-based compensation included in GAAP operating expenses; (d) the expense related to warrants and share-based payments granted to enterprise partners; and (e) certain other costs. 2. Adjusted Operating Margin is a non-GAAP financial measure that is equal to operating income (loss) excluding (a) depreciation and amortization; (b) stock-based compensation included in GAAP operating expenses; (c) the expense related to warrants and share-based payments granted to enterprise partners; and (d) certain other costs, divided by total revenue.. 27

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