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  "documentTitle": "Affirm | Results Presentation Deck | 47 slides",
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  "authorName": "Affirm",
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  "sourceTypeLabel": "Investor relations",
  "presentationDate": "2023-05-01 00:00:00",
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      "kind": "source-note",
      "text": "Notes: 1. FY Q3'21 amounts include adjustments to amounts previously reported due to an adjustment to stock-based compensation expense 2. Metrics are unaudited",
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      "text": "Gross Merchandise Value ($M) March 31, 2021 $2,257 June 30, 2021 $2,484 September 30, 2021 $2,713 December 31, 2021 $4,458 March 31, 2022 $3,916 June 30, 2022 $4,396 September 30, 2022 $4,389 December 31, 2022 $5,658 March 31, 2023 $4,639 Revenue Merchant network revenue $97,999 $88,657 $92,244 $127,087 $121,054 $118,126 $113,149 $134,019 $119,013 Virtual card network revenue 13,809 19,264 19,395 26,558 23,169 31,574 26,708 29,117 29,469 Total network revenue $111,808 $107,921 $111,639 $153,645 $144,223 $149,700 $139,857 $163,136 $148,482 Interest income 94,530 103,793 117,302 138,355 134,599 137,624 136,802 155,321 178,270 Gain (loss) on sales of loans 16,350 42,582 30,979 57,690 52,484 55,282 63,595 59,607 32,813 Servicing income 7,977 7,484 9,465 11,321 23,456 21,528 21,370 21,494 21,413 Total Revenue, net $230,665 $261,780 $269,385 $361,011 $354,762 $364,134 $361,624 $399,558 $380,978 Transaction Costs Loss on loan purchase commitment $62,054 $51,010 $51,678 $65,265 $46,853 $40,285 $35,610 $38,422 $31,224 Provision for credit losses (1,063) 25,489 63,647 52,640 66,294 72,691 64,250 106,689 66,438 Funding costs 14,665 15,623 16,753 17,700 15,824 19,417 25,066 43,751 51,188 Processing and servicing 21,368 21,910 25,201 41,849 43,371 47,393 54,359 66,508 65,229 Total Transaction Costs $97,024 $114,032 $157,279 $177,454 $172,342 $179,786 $179,285 $255,370 $214,079 Revenue Less Transaction Costs $133,641 $147,748 $112,106 $183,557 $182,420 $184,348 $182,339 $144,188 $166,899 Line Items as a % of GMV Gross Merchandise Value 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% Revenue Merchant network revenue 4.3% 3.6% 3.4% 2.9% 3.1% 2.7% 2.6% 2.4% 2.6% Virtual card network revenue 0.6% 0.8% 0.7% 0.6% 0.6% 0.7% 0.6% 0.5% 0.6% Total network revenue 5.0% 4.3% 4.1% 3.4% 3.7% 3.4% 3.2% 2.9% 3.2% Interest income 4.2% 4.2% 4.3% 3.1% 3.4% 3.1% 3.1% 2.7% 3.8% Gain (loss) on sales of loans 0.7% 1.7% 1.1% 1.3% 1.3% 1.3% 1.4% 1.1% 0.7% Servicing income 0.4% 0.3% 0.3% 0.3% 0.6% 0.5% 0.5% 0.4% 0.5% Total Revenue, net 10.2% 10.5% 9.9% 8.1% 9.1% 8.3% 8.2% 7.1% 8.2% Transaction Costs Loss on loan purchase commitment 2.7% 2.1% 1.9% 1.5% 1.2% 0.9% 0.8% 0.7% 0.7% Provision for credit losses 0.0% 1.0% 2.3% 1.2% 1.7% 1.7% 1.5% 1.9% 1.4% Funding costs 0.6% 0.6% 0.6% 0.4% 0.4% 0.4% 0.6% 0.8% 1.1% Processing and servicing 0.9% 0.9% 0.9% 0.9% 1.1% 1.1% 1.2% 1.2% 1.4% Total Transaction Costs 4.3% 4.6% 5.8% 4.0% 4.4% 4.1% 4.1% 4.5% 4.6% Revenue Less Transaction Costs 5.9% 5.9% 4.1% 4.1% 4.7% 4.2% 4.2% 2.5% 3.6%",
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