FY Q2 2025 and FY 2025 Outlook The following summarizes Affirm's financial outlook for the full year Fiscal 2025: " GMV of more than $34 billion " Revenue as a % of GMV at least 20 basis points higher than FY'24 " Revenue Less Transaction Costs as a % of GMV at least 20 basis points higher than FY'24 " Adjusted Operating Margin of at least 20 percent " Weighted Average Shares Outstanding of 322 million " Operating Income: Based upon our current forecast, we expect to achieve operating income profitability on a GAAP basis in FQ4925 and plan to operate the business going forward in a manner designed to maintain profitability on this basis. The following table summarizes Affirm's financial outlook for the second fiscal quarter of 2025: Fiscal Q2 2025 GMV $9,350 to $9,750 million Revenue $770 to $810 million Transaction Costs $420 to $440 million Revenue Less Transaction Costs $350 to $370 million Adjusted Operating Margin 21 to 23 percent Weighted Average Shares Outstanding 322 million 36