As of Q2'26 (2025-12-31), Affirm (AFRM) reported a Revenue Surprise of -66.4% and a YoY Revenue Growth of -62.1%. This marks a significant negative deviation from expectations and a sharp contraction in revenue compared to the same period last year. From Q3'23 to Q2'25, AFRM consistently posted positive Revenue Surprise percentages, peaking at 13.5% in Q2'24, and maintained strong YoY Revenue Growth, reaching as high as 51.2% in Q3'24. However, starting in Q3'25, both metrics began to decline, culminating in dramatic drops in Q1'26 and Q2'26, where Revenue Surprise fell to -76.1% and -66.4%, and YoY Revenue Growth turned sharply negative. This trend indicates a period of robust outperformance and growth followed by a sudden and substantial downturn in both revenue realization and growth expectations.