AFRM - Earnings call transcript Q4 2024

Due to licensing restrictions, you must log in to view earnings call transcripts.

Operator

Good afternoon, and welcome to the Affirm Holdings Fourth Quarter Fiscal 2024 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 now like to turn the call over to Zane Keller, Director Investor Relations. Thank you, Zane.

begin. may You

Zane Keller

operator. Thank you,

those not begin, that I forward-looking remind we are uncertainties, like are with our the SEC, would call may listening which including and today's risks These on to everyone forth contain in subject filings our Before available numerous to set forward-looking statements statements. make or today, results statements speak forward-looking to Actual website. from and Relations except by These company differ materially as obligation any law. as today. of assume forward-looking update them, Investor may statements intent the does that any we required only

call include GAAP and today's not addition, measures. measures. In to considered for substitute may financial These be measures should a supplement financial a as non-GAAP

can which For supplement our financial historical to available website. is the non-GAAP reconciliations found measures slide be earnings measures, deck, GAAP our most Investor on Relations in comparable directly

are prior and with and In Affirm's Hosting that proceeding in practice Michael me to questions will from call immediately opening Max Max into note, Affirm's before On remarks and Officer; begin. line Chief over Linford, today's Max turn Financial Officer. the begin with will quarters, Chief to our Executive I brief answers. Levchin, call we with Founder

Max Levchin

killer Thank both the you, ledger. Obviously, quarter we profitability side in a Zane. fiscal on and year had growth of

I really as our new and in please good so some I'll stats better Michael custom, There the the offer. results, letter have So are is at attend, that. comment the less a -- the look that

having, Officer, our us to Linford Operating long on Officer did structure to excited bit. that's One the Very Mr. taking share, in expanded I will for new to leadership help term, be Chief share Chief that to our not build continue Affirm. we're as an great on that thing a want in we're little Michael role the a himself, evolving that letter scale momentum though to Financial

handsome expect we talented Rob Back for Michael. feel Please reason, take Mr. of veteran end the a you, good but of joining thorough. have the will I Robert and Zane. still For team also CFO Affirm Rob the call CFO, by and welcome. on a now, remain this our to this finance the He's today, man reporting he O'Hare on to year, fiscal a to make role us

Zane Keller

you, Max. Thank for we line take please our the now With first question. that, questions. your will open Operator,

Operator

question line Jason first Kupferberg Bank comes Our from with the of America. of

Jason Kupferberg

was the approach think XXXX curious Good as to credit could what we fiscal if comment I might to about assessing look environment see general your just these just like. numbers. you guidance,

to continue that obviously know You control partnership not And newer of initiatives, that and 'XX I fiscal some said that material. be to expected maybe as Apple this category of BXB are other assumptions, well. including the extremely part Pay in you

bit a But may you little love the there maybe like you. can material? sounds us you numbers how bit. Thank more be in just a it, but about guys for it little unpack that to would define tell Because something

Max Levchin

will Michael custom. I'll is bit high-level can. than and better a give I -- Great compound our contextualize probably some question. answers as it I'll little

terms we want for of variability, in don't we Every credit is we in to what transaction see. consumers numbers money there control are underwritten. So our We accident. to long. term and our everybody, us decide friendly is are not short a separately, exposure, borrow of but outcomes. these design a an credit, too Obviously, by just really definition, reminder have from

up with tell time it what see want credit we DQs have, we end noise. the numbers are ourselves exactly the to or outcomes, we our same is today with that's what the and we're do plus that see minus we you and wanted We'll continue But Every in that. happy to to we thing. minor plan typically that

of or floor, you to thought we set and right pretty conservative people. right we we terms guide We'd of kind we managers, we guidance, to all formula, did like got as solution In feel well risk inherently the We and this a is we the the time. are year, last repeat this setting number it again of baked.

there. get will We

then And to number than and we around got bag. in number. tell We the much This we team, do this. is got this the turn better to beat

is fiscal go, do go, better. let's 'XX. fiscal our do what That -- for in That's happened Let's 'XX. plan

plan waste some to to come temporarily thing our opportunity, and things us that Lots it opportunity park There will with we'll up place some out we'll off. 'XX opportunity something work makes is the that of the fall cool going because and take prioritize whatever really to the at. Now be that's for of change. going will plays is the

that of design. the None is guide by in

can color. more will probably little We we a the give think you of are really the putting degree bit in to what get certainty. That's we guide with Michael, good philosophy. a

Michael Linford

think applied things Yes. the so growth where in we've those have seen seeing an in we're for contributing. reflective where guide progress in obviously that initiatives and QX far. that's And And GMV shipped is acceleration I the already actually rate QX you of see are are

they're like material. wallets, our low of should I the some BXB the think broader around the end materiality, new I partnership question and the -- question is things clarify initiatives, with

definition So sort of we're here. use to strict not any trying

us, millions, about a it need the for thinking we way. in influencing But billion-dollar trajectory before it be start as material to type really of range hundreds

they to, of wallet on could and of few yet. being in those to We look guess terms opposed in try of more that we therefore, is they're timing the they sight impact. either partnerships of it's that a contributing live with retain ground to of when so as roll and how them. mindful things We that's very control direct uncertainty out big line opportunities, their are that where we And not have of these be and to setting today is will think prudent as to quarters lot but live don't around a lot not stuff eventually, the shipped, to guidance several or yet case have are a at take our the confidence

And be international upside else think year. so material initiatives, our you partnerships would the we that being time and provided those up on fiscal or actually spending for wouldn't the to we're they size the or we wallet we're confident if the it's any on whether of outlook do I communicating end material, to that scale that but be of them.

Operator

line Our question the of next Reggie from with comes JPMorgan. Smith

Reginald Smith

transaction potentially And two I'm business perform environment. with thinking guys -- things about consumer rate in APR. spending, I curious rate rising uniquely guess, and curious thinking I in how falling really, business environment. around price a the seen I'm you're a we've you about the then know each the

there And prime pegged some be is I'm rate. there on And for your to there way if play where benefits pricing play model to rates the are wondering credit of in in the versus area may traditional the any down? cards, terms

Max Levchin

and beginning, a always with rate. and in always. in Great being it's credit huge bullish, card acceptance The negotiating connected once to live of negotiate the wouldn't flows rates this negotiates once all, why amount price time. of unnatural. coupling There's Reggie. We've form said real-time tethered handed the in not question, to idea a like kind Thanks, for in their benefits if you very Fed these of rate that the as single all, you Funds merchant from precisely that and the line is we world, we even that rates is your it basically, a was be the floating real for

is successful, And that's what Affirm that's why we've our that's built and innovation.

rates to is this obviously, pass the approved point, of that have consumers, number approved that we up it will practically, would because large, the the mean not we at at the move us to some they go through some who be not as cost As hits as up, just want put. someone price having would end been to

We have Lending don't decision and Act made a want a above long to We Military that's to change. ago limits. number, time plan we and don't go the

we'll be as approval down, consumer reduction have be We'll Pricing in able more time. go. have the Fund to rates We'll new -- always we'll change because the about more approve more first users impact we thing users. things have We rates. is repeat fungible. will real better active can We very come if it more price Fed But As users. exciting side Rate is the most just people.

Michael Linford

rates The saw positioned went time they a the up, changing only We thing reactive to as very you which rates rise rates rate again. about. We're to at were change add if the important. quickly the and is to now such move rates we very on be line in talked well that those to react us quick that very is saw

not that's But that quickly. very set. move don't happen. our could we believe will We think I in assumption

being. in about talking we're of than magnitude direction rates the change think more I time the And a here for

in little based And been term change so already the that boots by market. priced the very in have upon near the

Operator

from Our next question El-Assal Barclays. with Ramsey of line the comes

Ramsey El-Assal

in need down at keep our you planning, key see Do RLTC consider we up single fell in the securitization. a come to down, presumably to pressure nonrecurring a we Fed performance I shaping to Sort be points out Do in to rates above know range benefit are certain levels? mind? credit amount. for XXXX? come called quarter, this the Where performance million the and need next to nicely from RLTC costs internal see are a above variables what takes we $XX need your puts year? hang bigger your of in funding are What and certain

Michael Linford

question. Good Yes.

don't So again, We period. on do QX, non-consolidated every we a securitization. those do did

as that them, which slightly so of gave have little the about chunky do the range RLTC rate QX think in we're X% we over a for to And when that QX. ceiling. the is like out, benefit, bit us When a we'd with able guidance the to do take consistent pretty pushed you you

we then outcomes in markets. takes mostly we The of credit and sequentially. big the that the how capital are execute on mix originating related we So stable pretty to it's associated business puts platform and and are the think

do phenomenal sources with able that, for continue be access the opportunity XX that's of deals think to and I broadening there's been to attractive us we're can job think and team strong certainly, we we in our ABS past to really done done deliver margins. And more capital Flow deals, to done lots has here. do a this if with months Ford

We very in versus year, fact markets. strong expansion percent and because possible on, position we've the are like XX we to up taken full point feel that the -- plus the of capital respect lot do year a basis think we're of work that's in the a the of we of RLTC and signing that for a with last GMV benefit

Operator

from Sachs. Our Goldman Nance the question with Will next comes line of

William Nance

in point earlier outcomes the and to thought having of expect stats wanted off into the interesting. around I up number of on underwriting the when around letter direction, the repeat the a kind increasing visibility that credit and thought transactions the targets. a repeat over follow you set I lot stats time. the dovetailing was in the control I of shareholder users you different

if repeat user increasing increases trends of similar might of the of and And so in out shake forward better over I'm year? interesting a wondering have where how now much your into to way just kind was number the coming volume is picture thought a the it about per you transactions I number users. visibility volume the

is that year? internally business the the and you of plan for that kind how the impacting look way coming at So

Max Levchin

between you if that those numbers. -- to which of look yet at you kind a cohort struggling, will, gaps if curves, not big, the means they're those improve on we're we're pretty If

$X,XXX what point possible on us there, both my required is at of the lot least a So now, I on we about succeed. card, Cards. work what's going a and the I there's means from number the way for the is are for don't order target. we outsized but Active do right right fact example, just to we're The When that to think of XX think spend. of view annual $X,XXX this happen like be that of -- to driving order to gain million That's is get that and we firm the know, of

showing we making fiscal a promise any of big. on we're Are speak their there's these going that That certainly opportunity. get 'XX? Probably charts that lot for to front, themselves. not, means but not leads in the They're

going we think So we the really we'll and ideas them in And guide. what are lot some that cool got get, that's and we a work. forecast of to

Operator

question Andrew the next with comes Bauch Our Wells Fargo. from line of

Andrew Bauch

there margins. I sources operating you're to about wanted here. talk AOI XX.X% I guide the of calling for in leverage mean the

for, guiding bit the for than little previously had a you that's think I what better growth been above XX%.

on the number? wanted the to of growth get strength as and given profile just that your that So thoughts -- current

Michael Linford

Yes.

I think progress team just about the are business. in a how we leadership operating one proud we as really thing leverage the made is on that quickly

of and we had expand is over I a the phenomenal, at get a would trajectory. get QX there to we we which think feel long are lot time. I for point to The great where that past on to of were months XX the conviction pace been has we data margins think, that think our And good I continuing a discipline. that results, able

better. us. focus And of ahead opportunity do that that, And the we operate with the things temper gives ton are to that us we of have need actually a

we year. that and with a the that particular, would margins. just into May, last of of we like continuing basis our expand we want still to this May, to And show to expand signing so the we tempered for expansion bit expect margin don't we be have to continue to progress. outlined do want would in invest, I up quite to I team. We're future, at feel in points the that have that believe conference terminal do And runway to JPMorgan this and margins, operate XXX opportunities

Operator

of Rob Research. Our next question line comes from with the Wildhack Autonomous

Robert Wildhack

the Maybe it to on Could 'XX you the and in earlier light, rate outlook? that be benefit cuts on and fiscal could might benefiting to in funding question color expectations much how approvals costs growth take some outlook. how give And current rate the 'XX? much curve connected the

Max Levchin

market good rates a does of negotiate we decisioning do those reflected rate it the not reflected expectations future We take deals. account into market funding get explicitly, get costs curve, the into expectation question. It's our i.e., into does capital of as deals,

cost funding, turn, And which, decisioning. our affects of affects so it our in average

funding horizon, we're will need important been to and we to flow -- with more not transaction these be And and get generate to a basis. a rate it Instead, why an there at current have is cuts costs don't X the we compare we look them at on aggressive. But saying through looking things on lagged our on profitable what basis. reason

floating have not rate lot sources of funding the facilities. we A are funding

cost And so our ABS funds. deals, fixed for example, have of

in take for that next it past will X.X X the done year, we've deals be over So a while the the to years. refinanced years

as a quite doesn't might are costs which funding stickier, means you the So it through bit think. flow immediately as

Robert Wildhack

of to, that Okay. be are say, are mean environment then approvals? potential upside a interest and and rate that you than spring XXXX costs. lot rates get Would if lower they lower Because lower would today, the there on funding

Michael Linford

probably But With course, rates If then cut we're in that being a fact scenario, are think we of -- thing the very about mindful scenario where economic some reason would one is of loosen. think the because account very, is perfect approvals. why set that yes. to labor that course, in of the as begins pressure caveat. to is which We, has on happening market, we're need take into been it we tight, I

Operator

Kyle comes of question the next from with Peterson Our Needham. line

Kyle Peterson

a the I wanted guess, and merchant which are we touch expectations think outlook to your which and the sale revenue such. card gain interest just in And expecting split FY and how little between are bigger revenue in kind growth and of guys the on contributor about you I to be the on network to between 'XX? should growth and network you bucket streams? bit

Michael Linford

content So the that the capital the like revenue strategies of is and and behind mix then the associated thing across changes the streams it. originations mix therefore, loan either

on up. on equally, get And little the some see loans, pricing better maybe a as increases you'll have sell, bearing more lean MDR higher on go see we or as [indiscernible] you sale you there. gain bit So

a think higher to really, monetize cost giving you the think XX less revenue I that made way about on pulling valuable, to we the part. make and more so we why guidance down of valuable. all more out. not that's revenue, transaction bps you is it's which to at asset difficult more the identify, the it there's you line we're and for rate, root But When do the item cause model asset

Operator

question comes the of next Dolev Dan line with from Our Mizuho.

Dan Dolev

fourth the later. profitability the And I in GAAP wanted then about Pay congrats to Apple quarter. on ask

ago couple the announced Buy capitulate, Later, X I Pay handling of Now guys they're a that Affirm's getting years think was they they by under volumes. pressure. when later, into talk you and the years are

that because that it's like talk, about it's fact more -- of a is ability thinking. Max, Apple to you think without an to Like people to can appropriately, much difficult more the a just Thank [indiscernible] than of bit the lot there risk do maybe than much like a take Affirm by product brand lot without what little people and you, Dan. from a there's sounds perspective, a were

Max Levchin

credit. Give -- note. Nice surprised totally correcting gap front-ran He my it. Dan full by apparently correctly predicting

capitulating. the think on side, So Apple don't I they're

I a -- think important think -- that if just is important buy-now-pay-later that major it's not thing and a this as a credit are they I is It's way. thing, credit it be it's cards and feature. huge saying may anything, cards certainly important more because is better than as

different strategy. backing is this really smart the product the well that really, think like with unique Creating ways that different how we and platform something, to for deliver I offerings complicated don't set of of know in with for all things companies textured it's all it's the a audiences. to out a Affirm whistles that is embracing the bells a very do fact works

explained, to Underwriting that necessarily sort is I so a understand, couple do I try don't knows. hard. of in that find the repeat thing every that thing I explain on. But things need to that are who readily, I've the business our fully eye don't there people -- of think The time that

data. got You to get

You real got it time. to get in

happened all that really You real do AI verify People We've that's have people XX, to thing talk used a a timeliness employees. here be stuff. in than yesterday. it longer their that reason DNA. it it's validity known to if both for to we was for XX around and well. what off as almost throw thing it And as about AI accuracy and a now. We've our it good a years and for lay complicated as And had been lot

and we of good So learning, we use of lot a lot do a work machine there.

team, that's do a specialist going on to it can. you're our is we as like hard. two, and to as focused intrepid out unless you're props sales well call So not to And Part complex. which effort give points. really really in credit of signing involved cards and but what there's merchants is We're we them incremental, you enormous up because a to coming also couple it's offer saying, cost

going should X.X%, to of extraordinary access or make we us tricks, out cash or them flat on credit credit going consumers And terms. we're transactions for tired all back incremental. promise X.X%, major of giving work not by really sort your is to card You X.X%, way give be give it slices we're to will the margin really, that discounts you

out all at buy all I have this more drive is now been at point That something way. a help of really We're once Mr or right certain together, in this makes subsidized that, big you them market so what you APR come a It's Mrs and going sale, make low get the realize and you, a to transparently no sidelines going With the help the actually and decision, product help hey, special. volume. matter is them and going really Merchant, APR, off find do going to is to in to that's that's decide. consumer going to to

powerful. merchant willingly adds that transfer think the building thousands to of invest doing we because on. real people to to The transaction coolest spent that time of thing part is in a to merchants lot real the And do and of to, Having in addition to ability a benefit. up last it's they've of really work time, AI what real the measured the in willing a [indiscernible] consumer form the margin of a decade work that's that network is in of that hundreds

creating world's that I ours awesome. wallet the is phone platform companies popular for a deliver to most think like through most world's popular

about certainly stoked if but happening I'm an a obviously a there, away. most So that's versus it's super word, walk what's embracement

a ramp. for of bit Sorry, a

Operator

Our next James Stanley. of the with question line comes Faucette from Morgan

James Faucette

in little profile what How on And a bit last in I And now way. you're your you want and annual kind that that Card of expand that such base? kind ask about some of and thinking terms to of customer than just about you more there, to build capabilities in a level can the and of including point of of Max. to maybe beyond a are about feeling promotional generalized you right composition $X,XXX something those tools ways get Affirm of even even talked kind improve better that. spend

Max Levchin

We no of shortage definitely ideas. have

see. Let's

a should of to the I our throw a becoming I think on danger spent and Affirm So it consumers everybody different We because real I consumers short fairly try obviously I financial think profiles card that has bullet and credit different last start have, I'll often. using keep different we question. of it think like feel But We long-winded needs. have answer, and very the segments. away more in

And those of who give we time is consumer a if same will the X% segment. are offer I'm of segments. great vehicles but to some lower I and to understand live and X pay credit those practically, products things for people Affirm every nick all catching to back that need not We about a I time more in back. fact all if our sophisticated are value like those platform care on And access are a and money. have you them fees and say, Card people that segments, monthly person, of of different names of ways. transact happens charge excite payments and lot we me bit the the a then spectrum, people And something pay there time late don't there side rate. credit, different the to different more in profoundly they to little other need a "Hey, promotional

a think features ways. we weeks, the So it's will coming more more in to that brilliant footprint fairly that the in us Affirm launch but see speaks we different product can within segments universal and bring, different you card months,

deals that folks really see available know You'll to X% to respond we those.

will lot available that offer merchants doesn't really that, to lot as it to is need to that each news, of we're We those we even cornerstone that with We It's we our to if a longer that new a more of Pay-in-X, of in our in set my converts roll delivery our have that all out. launched to consumer pay sort will a best Pay-in-XX still to to a segment. that serve of get a merchandise way configurable the the what products adaptive tools. technology, talk about mention checkout. the old merchants payment so clients few sell live And more used letter, going but it's of

just me Like for let just "Hey, you give almost be my possibly much I dollars transactions. will point, say, get my to merchants there buying [indiscernible] Nirvana automation full dollars some That's vision get like me some can. you me as and the spend for here's At version x think as conversion

understand what they're be conversions. segment for SKU obviously The not cetera. by which We're yet, data, dollars buying we're each because through design. we and consumer quite lot underlying better necessarily my will understand our the get there level that's Here's tools We but direction me et some that's different a headed.

Michael Linford

really it Max and charts cohorts how in ground, do have have with much grown have would the value to to just you for to engagement jumps put what have out at of you us in already we underlying making working are engagement engagement the time read the consumers. and the better. products everybody cohort the over letter. at The the the we speaks with it is progress looking their really things there we the these mentioned consistency that's And which great make stuff out recent already start increasing encourage in future engagement the that towards when cohorts more we're into Everything on I

of while And their address we confidence lot a over we'll and of time. purchases have more more that

Operator

UBS. question [Operator comes line Our with next Chiodo Instructions] Timothy from of the

Timothy Chiodo

believe, options the I user on a not specific or wanted for at into experience being a that expected circle buy-now-pay-later have back was I with might want a to over options, little you online could of much maybe you to consumers little go Totally time, options. hoping commerce, firm only bit maybe onset, customer, bit. I the Pay card-based offerings. for would about talk too detail, Apple but appreciate be the the But but Apple one at, of other main installment U.S. idea some also using would multiple that the Pay a

that unit the about we menu, could user of so share maybe be the experience So the range economics, around maybe that if X% expect channel to unit some degree and absent will. the full if we the that there just talk drop-down if to you to X% And then throughout second is offered piece economics back be Apple? still will should range, revenue products in of

Max Levchin

in order. I'll try to answer reverse it

launched So yet. the not has Pay, be the Apple on which, way, by will

get to I'll ask. did order maybe Not my partners' product. role changes unveil So our you or right the in to

rolls beautiful deliver be reasonably experience, see just will given all to are part excited it of undoubtedly a will out, who like now. when it we'll it. Apple exactly soon hopefully and what will So which and looks be We're proud be

part economics the of On it.

definition. beyond In not wallet So are major Pay, we one design. any a Apple partner, by beyond

brand. an are We ingredient

be all Amazon takes Visa, which there's that's similar Card Affirm with Amex, least MasterCard, it in you so a where accepted sense, to us also shape inherent And integrated at might enough will then cetera, least We we're in to retailers. off we Google go Pay, find and directly some soon And website, et might available you and now Pay. friendly Apple have that in there's find Shopify, at also then Visa means and an tail Pay because goes. on Affirm that are conflict. particularly you because offer everyone When it

one us account the doors. really overall one shift consumer in less business between of every little we and we've the over be those been people X%, that Below to approving not notwithstanding, gets that the we're We securitization as we X% really, attractive dollars, walk investing transaction when be successes are guiding those and looking means really in enough -- channels, we a well time rich, we of works for metric basically. cost those And the possibility consistent above too have aspire when through starts any for to not X%, that it's idea revenue this compute which X% to it shareholders. will and shouldn't random And

X% and our help extremely levers to so reality. to and fortunate when navigate the within of enter the these about it to accidentally certainly giant exactly any will call and independent of [indiscernible] how -- walk X% we think know not been And retailers giant systems customer. partnerships, business, consumers we've us financial the credit We through. that one entirely will We platforms, of don't is we doors wallets partners. profile stay create the

deliver, et know expectations, apply approval will to rates, we have have going to who's but with cetera. don't we hopes, We be we able and precisely

make as sure will structure So to result, or to add these end, it X%. the always that a up X% we partnerships in

Operator

of Our Matt next FT Partners. comes the line from with question O'Neill

Matthew O'Neill

Is fourth on aspiration you in sort hold of Does line? profitable. at Michael, around thoughts time intention of again as plan Any the expectation and Day, of helpful. the some and around all? just this sort it something that around Investor and still on a the what discussions quarter to the that we be formalizing of onto shareholder letter guess, so the I in would wanted this a medium-term dovetail that therefore, bank and the to in beyond had of be focus that forth. accelerate longer-term kind at --

Max Levchin

we to to [indiscernible] we'd a the conduct that For do not need way conduct to in like business a be our bank it.

be That to we a to particular many we any a a not -- under and right decided we're is of we're bank. we That the one to you, what is are any us, that to not not we're it's in going not has decided way day happened, circumstances, marching So it requirement. but that's the we'll in go saying. call towards going routes hey, thing bank the become available a

We multiply years We've important and make by years are margin we business. as show It's are GAAP the in people to this going the it to involved important -- It's been fixed no really have brought want and very understand. and to in transactions now transaction. I the literally both well, happen. get saying to gosh, economics enough profitable. up said, we exceed to of unit that momentous. We on costs really thing GAAP eventually get would moment, profitability The We the great. like the a actually and a record I roll the that this transactions. more that is for go that contortionism. track rest then didn't

while course now see we unafraid "Hey, can say, here. what's our to and available a a managing credit the clearly happen. invest and on growth, it of dollars business And all here's to do going things the we it cycles we commentary natural in of are that all But is so we

could as so it seriously, because I it. know much people take -- as we [indiscernible] I And wanted we mean to

are now journey, a were see business going where and get the feel fine of we no on We We is destination. about there. part to it we'll Oh keep. is. great always in but absolutely We this

interesting, the of metric, something another some have will be kind what up come we'll be don't it's will that, with actually. know going Rob it won't to financial pr I but up I come Beyond Michael, way, and something returning bank, will be reveal. by else

Operator

Thank no at Zane like I'd Keller. the this to back over pass questions call are further you. time. to There

Zane Keller

to call you with for forward Thank quarter. everybody, look We next you. you, joining speaking the again today. Thank

Operator

This teleconference. today's concludes

lines You time. participation. at may your your disconnect this Thank for you

Affirm (AFRM) 28 Aug 242024 Q4 Earnings call transcript