Great quarter for Affirm. However, that $14.1 billion in BNPL purchases also shows just how hard consumers are stretching their finances.
Consumers just financed a record $14.1B of purchases through Affirm in a single quarter. The stock rose 9% on its first GAAP profit.
Buy-now-pay-later scales fastest when households are stretching a paycheck across four payments. A record quarter of it says budgets are getting… pic.twitter.com/INsr9Ai1I3
— Kurt S. Altrichter, CRPS® (@kurtsaltrichter) August 29, 2026
Affirm’s GMV reaches record $14.1 billion
Affirm’s quarterly GMV jumped 36% to $14.1 billion, with transactions up 41% to 52.9 million. Active consumers reached 27.8 million, up from 23 million a year earlier.
BNPL transactions are growing faster than spending
https://www.pymnts.com/bnpl/2026/affirm-makes-smaller-purchases-bnpls-next-growth-test/
Affirm transactions grew 41%, faster than the 36% GMV growth, while average order value fell 4%. Affirm Card active users more than doubled to 5.2 million, and Card GMV reached $2.8 billion.