Alexandra Mertz

And so we think people are coming to us a little bit more.

Certainly, we saw great demand for our recent zero-day promotion, but...

You know, I think so far so good, at least in the Affirm consumer world.

You know, we had more than 24 million active consumers last quarter.

At this point, it's really dangerous to just say, oh, the Affirm consumer is doing X or Y. We have quite a number of segments.

Folks that are using our 0% promotions are typically leaning into...

just frankly saving money, getting a great deal.

Folks that favor longer terms to repay care a lot less about total cost, very much care about individual cash flow.

And so depending on sort of which segment you look at, you'll see a slightly different behavior.

I think the unifying factor is they're all getting a really clear deal.

There are no late fees, there's no gimmicks, there's no gotchas, and that's the way they keep coming back to us.

You know, to be honest, everywhere, we just announced a really strong push into services.

So for a long time, you would think of Buy Now, Pay Later as a thing you buy and pay over time.

People buy more than things.

They remodel their kitchens.

They refurbish various parts of their house.

And we just announced a great partnership with Service Titan, Vergara, a variety of other platforms.

So we partner very widely because this model really works for any purchase.

You know, anything from a couple hundred dollars all the way out to thousands.

You know, I think our current growth tracks so well, I'm not sure I have a lot of time to consider M&A.