Affirm Holdings, Inc. (AFRM) Q4 2025 Earnings Call Transcript


Affirm Holdings, Inc. (NASDAQ:AFRM) Q4 2025 Earnings Conference Call August 28, 2025 5:00 PM ET

Company Participants

Max Roth Levchin – Founder, CEO & Chairman
Michael A. Linford – Chief Operating Officer
Robert W. O’Hare – Chief Financial Officer
Zane Keller – Head of Investor Relations

Conference Call Participants

Adam B. Frisch – Evercore ISI Institutional Equities, Research Division
Adib Hasan Choudhury – William Blair & Company L.L.C., Research Division
Dan Dolev – Mizuho Securities USA LLC, Research Division
Daniel Rock Perlin – RBC Capital Markets, Research Division
Giuliano Jude Anderes Bologna – Compass Point Research & Trading, LLC, Research Division
Harry Bartlett – Redburn (Europe) Limited, Research Division
James Eric Friedman – Susquehanna Financial Group, LLLP, Research Division
James Eugene Faucette – Morgan Stanley, Research Division
John Douglas Hecht – Jefferies LLC, Research Division
Kyle David Peterson – Needham & Company, LLC, Research Division
Matthew Robert Coad – Truist Securities, Inc., Research Division
Moshe Ari Orenbuch – TD Cowen, Research Division
Reginald Lawrence Smith – JPMorgan Chase & Co, Research Division
Robert Henry Wildhack – Autonomous Research US LP
William Alfred Nance – Goldman Sachs Group, Inc., Research Division

Operator

Good afternoon, and welcome to the Affirm Holdings, Inc. Fourth Quarter Fiscal 2025 Earnings Call. [Operator Instructions] As a reminder, this conference call is being recorded, and a replay of the call will be available on our Investor Relations website for a reasonable period of time after the call.

I’d like to turn the call over to Zane Keller, Head of Investor Relations. Thank you. You may begin.

Zane Keller

Thank you, operator. Before we begin, I would like to remind everyone listening that today’s call may contain forward-looking statements. These forward-looking statements are subject to numerous risks and uncertainties, including those set forth in our filings with the SEC which are available on



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