AFRM News
R40 coverage and dated third-party headlines for Affirm Holdings, Inc. (AFRM).
R40 Coverage
AFRM Q4 FY2026 reported earnings analysis
A $1,447.5M non-cash tax benefit turned $169.1M pre-tax into $4.62 GAAP EPS against a $0.33 consensus — and the quarter still beat on margin and 36% GMV growth.
Affirm Guided to an 11.5% Margin. The Street's Top Estimate Needs 15% and a One-Off to Bridge It.
Affirm reports 27 August with consensus at $0.33 in a $0.24-$0.50 band — both ends conflict with guidance unless a non-cash tax allowance release lands.
Affirm Q2 FY2026 Earnings Preview: The BNPL Turnaround Story Wall Street Is Still Underpricing
Analysts expect $0.28 EPS but keep missing Affirm's turnaround — last two quarters beat by 80-130%. Holiday quarter could surprise again.
February 2026
Morgan Stanley Upgrades Affirm to Overweight
Upgraded from equal weight to overweight with $76 PT, citing compelling entry point amid growth and credit concerns.
Affirm Faces Sell Recommendation
High 30%+ interest rates and risky lending lead to sell amid political scrutiny.
Affirm Stock Rating Upgraded by Morgan Stanley
Upgrade to overweight with $76 PT; beat Q1 estimates but high valuation noted.
January 2026
Affirm Down 10.4% After Exclusive QuickBooks Integration Deal
Partnership strengthens distribution; high-touch BNPL to profitable infrastructure shift.
Up 481% In Last 3 Years, Can Affirm Stock Keep Climbing Through 2027?
Amazon extension and Q1 growth; evolving to consumer finance platform.