Affirm reports strong consumer credit demand and stable private credit funding in Q1 2026 earnings.

Affirm's Q1 2026 earnings reveal strong consumer credit demand with a 35% rise in gross merchandise volume and stable delinquency rates, indicating customers continue to borrow and repay reliably. CEO Max Levchin emphasized that Affirm's carefully selected borrowers show no signs of financial stress, supporting a stable funding environment. On the private credit side, Affirm benefits from strong investor trust and a $28.2 billion funding capacity, enabling continued growth without capital strain. The company posted $1.04 billion in revenue, a 33% increase year-over-year, and improved profitability, signaling resilience in both consumer and private credit markets amid economic uncertainty.