Affirm Results Presentation Deck

Transaction Costs $63 7.3% FY Q1'20 affirm Notes: 1. 2. 3. 4. 5. $93 6.9% FY Q2'20 Transaction Costs COVID Stress Applied to, Allowance $148 COVID Stress 12.0 Released from Allowance $46 3.8% $119 8.0% FY FY FY Q3'20 Q4'20 Q1'21 $109 5.3% FY Q2'21 $97 4.3% $114 4.6% FY FY Q3'21 Q4'21 $38 4.4% 4.7% FY Q1'20 Transaction Costs ex-Provision $62 $65 5.3% $78 6.5% $90 6.1% $97 $98 4.7% 4.4% FY FY FY FY FY FY Q2'20 Q3'20 Q4'20 Q1'21 Q2'21 Q3'21 $89 3.6% FY Q4'21 Transaction Costs ($M) % of GMV Transaction Costs ex-Provision ($M) % of GMV In March 2020, we updated loss assumptions in our allowance for credit losses to reflect expected stress emerging from forecasted delinquencies and defaults. This resulted in an increase of the allowance for credit losses as a percent of loans held for investment from 8.9% as s of February 29, 2020, to 14.8% as of March 31, 2020. In the months subsequent to this, we have seen stronger than expected repayment history in the portfolio resulting in a release of the allowance. These applications or releases of stress on the allowance impact the income statement via the provision for credit losses operating expense line. Transaction Costs include Loss on loan purchase commitment, Provision for credit losses, Funding costs and Processing and servicing Transaction Costs ex-Provision include Loss on loan purchase commitment, Funding costs and Processing and servicing 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; FY Q3'21 amounts include adjustments to amounts previously reported due to an adjustment to stock-based compensation expense Metrics are unaudited 13

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