10-Q, Member Exclusive

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.
close

Email a Friend

Affirm and Robinhood’s Earnings: The story so far and the road ahead

    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.


    subscription wall for TS Pro

    0 comments on “Affirm and Robinhood’s Earnings: The story so far and the road ahead”

    10-Q, Member Exclusive

    Wise goes West: Why the London fintech star is headed for a US stock exchange, and what it signals about global capital markets

    • Wise announced it plans to shift its primary stock listing to a US stock exchange, a move both strategic and symbolic that underscores tectonic shifts in the global listings landscape.
    • Wise’s decision is less about location and more about evolution. And London, for now, remains a proud hometown - but a second choice.
    Sara Khairi | June 16, 2025
    Artificial Intelligence, Member Exclusive

    Agentic AI is knocking. Here’s how banks are answering the door

    • A growing number of institutions are assessing how to deploy Agentic AI systems securely within their established governance structures, as they anticipate a shift toward greater automation in financial services.
    • Our analysis focuses on financial institutions that have implemented or are planning to implement Agentic AI, as well as the present state of their integration initiatives.
    Sara Khairi | June 12, 2025
    10-Q, Member Exclusive

    A tale of two innovations: Square’s AI edge for SMBs and Morgan Stanley’s code makeover

    • We track two new AI developments this week from well-known public companies: Square and Morgan Stanley.
    • We analyze how Square’s Conversational AI signals a broader transformation in small business tech, and shed light on Morgan Stanley’s work addressing a critical, yet often ignored, AI issue.
    Sara Khairi | June 09, 2025
    10-Q, Member Exclusive

    How Pagaya (PGY) and Upstart (UPST) are venturing deeper into AI to make fintech lending more intelligent

    • Recently, some of the quieter names in public finance have pushed their AI efforts beyond experimentation and into practical use.
    • We look at how under-the-radar public financial firms, Pagaya and Upstart, are operationalizing AI within their organizations.
    Sara Khairi | June 02, 2025
    10-Q, Member Exclusive

    Remitly’s Q1 in review — and why its WhatsApp integration could be a turning point for fintech UX

    • Matt Oppenheimer, Remitly’s co-founder and CEO, shares key takeaways from the company’s Q1 earnings, while Ankur Sinha, Chief Product and Technology Officer, shares what the newly launched WhatsApp integration signals about the future of remittances and fintech UX.
    • We also explore the role of Remitly's conversational AI with the new integration.
    Sara Khairi | May 28, 2025
    More Articles