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Affirm Stock Surges on Strong Q4 Earnings and BNPL Growth
Affirm Stock Surges on Strong Q4 Earnings and BNPL Growth
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BTCCSquare news:
Affirm Holdings Inc. delivered a standout fiscal fourth quarter, swinging to a profit as its buy-now-pay-later (BNPL) services gained traction. Gross merchandise volume soared 43% to $10.4 billion, outpacing analyst expectations. Shares surged 15% in premarket trading, extending this year's rally beyond 30%.
The company reported earnings of $0.20 per share, reversing a year-ago loss, with revenue reaching $876.4 million. Operating income hit $58.1 million, a stark improvement from last year's $73.5 million loss. CEO Max Levchin highlighted merchant network expansion and disciplined credit performance as key drivers.
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