Affirm Holdings Inc. recently published a transcript from their participation in the 53rd Annual J.P. Morgan Global Technology, Media and Communications Conference held on May 13, 2025. The event featured a conversation between Michael Linford, Affirm's Chief Operating Officer, and Reginald Smith, an Equity Research Analyst from J.P. Morgan. During the call, Linford highlighted Affirm's strong quarterly growth in both GMV and revenue, emphasizing the importance of their app in servicing loans and engaging customers. He noted, "Consumers definitely are biased towards beginning their relationship with us in the app." Additionally, Linford discussed the Affirm Card's usage patterns, stating that most GMV is from "pay over time" options like Pay-in-4 and monthly installments, which are largely driven by repeat users. Addressing concerns about interest-free financing, Linford assured, "You should absolutely care, and you should be really excited about it," citing it as an indicator of the network's health and capability to partner with merchants for 0% offers even in a high-rate environment. The full transcript can be accessed through the link below.