Affirm and Robinhood’s Earnings: The story so far and the road ahead
- We look at Affirm and Robinhood’s recent earnings reports, the strategies that shaped their current positions, and their forward-looking trajectories.
- We also explore their growing investments in AI and generative AI technologies.
The growth paths of 2 fintechs through their recent quarterly earnings
The earnings cycle has commenced, and companies are beginning to report their first set of financial results for this year.
A week ago, Affirm disclosed its financial results. We assess the firm’s performance, tracing its evolution and exploring what likely lies ahead for the BNPL provider.
AFFIRM
Affirm’s roots run deep in the desire to rethink how we interact with money, specifically when it comes to buying stuff we want, but perhaps can’t always afford upfront.
In an increasingly digital world, it’s a business model that resonated with consumers seeking flexibility.
A look at Q3 2025: Still on the up and up
Now, let’s talk shop. For Q3 2025, Affirm posted strong numbers that got the analysts sitting up a bit straighter. The company reported a revenue increase of 36% to $783 million in revenue, topping expectations. GMV growth accelerated, up 36% YoY to $8.6 billion. The active consumer base reached approximately 22 million, with nearly 2 million new users in the last quarter. Repeat users still accounted for 94% of all transactions.
What stands out about Affirm’s performance this quarter is the momentum they’ve built in key growth areas. Consumer spending is bouncing back, and Affirm’s BNPL service is benefiting from that as people are increasingly seeking more control over their finances. But there’s more going on under the hood.
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