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  "documentTitle": "Affirm | Results Presentation Deck | 47 slides",
  "authorId": "affirm",
  "authorName": "Affirm",
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  "sourceTypeSlug": "investor_relations",
  "sourceTypeLabel": "Investor relations",
  "presentationDate": "2023-05-01 00:00:00",
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      "kind": "list",
      "text": "Credit performance: in line with normal seasonality, we expect our loan delinquency rate to increase in FQ4'23. We also expect our allowance for credit losses as a percentage of loans held for investment to increase modestly. Both of these factors are reflected in our RLTC outlook.\nWorkforce and operating expense reductions: because the cost restructuring measures announced in February were not implemented until mid-FQ3'23, the savings from the February restructuring will be greater in FQ4 than in FQ3.\nInterest rates and macroeconomic environment: the current forward interest rate curve and negative consumer sentiment will persist through the remainder of the fiscal year ending June 30, 2023, with no improvement in macroeconomic conditions.",
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      "text": "Affirm's financial outlook for the fiscal fourth quarter and full year 2023 assumes the following:",
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      "kind": "table",
      "text": "GMV: Fiscal Q4 2023 $5.20 to $5.35 billion, Fiscal Year 2023 $19.89 to $20.04 billion\nRevenue: Fiscal Q4 2023 $390 to $415 million, Fiscal Year 2023 $1,532 to $1,557 million\nTransaction Costs: Fiscal Q4 2023 $245 to $255 million, Fiscal Year 2023 $894 to $904 million\nRevenue Less Transaction Costs: Fiscal Q4 2023 $145 to $160 million, Fiscal Year 2023 $638 to $653 million\nAdjusted Operating Margin: Fiscal Q4 2023 (5) to (1) percent, Fiscal Year 2023 (7.0) to (5.9) percent\nWeighted Average Shares Outstanding: Fiscal Q4 2023 300 million, Fiscal Year 2023 295 million",
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