Affirm Holdings, Inc. (AFRM) Presents at Goldman Sachs Communacopia + Technology Conference 2026 Transcript

SA Transcripts 162.12K Followers Follow Affirm Holdings, Inc. ( AFRM ) Goldman Sachs Communacopia + Technology Conference 2026 September 8, 2026 6:05 PM EDT Company Participants Max Levchin - Founder, CEO & Chairman Presentation Unknown Analyst All right. We're going to kick this off. We are very excited here to have Max Levchin yet again from Affirm. Max, thanks for joining us. Really looking forward to the conversation again. Max Levchin Founder, CEO & Chairman Thank you for having me. Question-and-Answer Session Unknown Analyst All right. So at the Investor Forum in May, you framed the business around $100 billion in annual GMV. You laid out a 25% growth algorithm with 10 points each coming from your point-of-sale product, your direct-to-consumer franchise as well as 1 to 5 points from some of the more fledgling products, international expansion, the bank distribution. When you look across those buckets, where do you see the biggest go get? And what do you think needs to happen to get there? Max Levchin Founder, CEO & Chairman It's actually kind of designed to be not dependent on any one thing. So we certainly have lots of room to go in the U.S. alone. In the last shareholder letter, we pointed out that we're still fairly thin in terms of penetration into top 500 e-commerce retailers. Off-line is still very nascent. So just growth of that type alone could take us to our goals, but we're certainly plenty ambitious. So none of these, at least the ones you quoted, feel to me like, "Oh man, I better put the E team on that." We don't have a B team fortunately. We're a well-run machine, so B team don't survive. But some of the more interesting stuff that is in the other product bucket is what I consider to be the go against because there are exciting opportunities to expand the product offerings and just to widen the network.