The data: Affirm’s gross merchandise volume (GMV) grew 62% year over year (YoY) in its fiscal Q1 2023 (ended September 30, 2022), compared with an 84% YoY increase in the same period last year, per its shareholder letter.
The company’s revenues jumped 34% YoY, slowing from 55% YoY growth a year ago.
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How we got here: Two factors helped spur GMV and revenue growth during the quarter.
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