Affirm shares jumped 16% on better-than-expected revenues and a surprise profit during a strong holiday shopping season. Gross merchandise volume, an important metric signaling the total value of transactions, topped $10 billion for the first time.
Affirm stock is sizzling Friday after the BNPL firm handily beat earnings and revenue estimates in its most recent quarter. Here's what you need to know.
Affirm Holdings surged over 13% in premarket trading on Friday after the buy now, pay later provider posted stronger-than-expected quarterly results and raised its full-year revenue outlook. The company reported fiscal second-quarter revenue of $866 million, a 47% increase from a year earlier, exceeding Wall Street's estimate of $807 million.
A strong holiday shopping season, coupled with the continued momentum of buy now, pay later (BNPL) options and zero interest rates, helped push Affirm Holding's gross merchandise volumes higher.
Affirm Holdings, Inc. (NASDAQ:AFRM ) Q2 2025 Earnings Conference Call February 6, 2025 5:00 PM ET Company Participants Zane Keller - Director, IR Max Levchin - Founder & CEO Michael Linford - COO Rob O'Hare - CFO Conference Call Participants Ramsey El-Assal - Barclays Will Nance - Goldman Sachs Matt O'Neill - FT Partners Dan Dolev - Mizuho Securities Kyle Peterson - Needham & Company Rob Wildhack - Autonomous Research Reginald Smith - JPMorgan Andrew Bauch - Wells Fargo Jason Kupferberg - Bank of America Vincent Caintic - BTIG John Hecht - Jefferies Andrew Jeffrey - William Blair Timothy Chiodo - UBS Jamie Friedman - Susquehanna James Faucette - Morgan Stanley Operator Good afternoon. Welcome to Affirm Holdings, Inc. Second Quarter Fiscal 2025 Earnings Call.
The headline numbers for Affirm Holdings (AFRM) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Affirm Holdings (AFRM) came out with quarterly earnings of $0.23 per share, beating the Zacks Consensus Estimate of a loss of $0.20 per share. This compares to earnings of $0.04 per share a year ago.
CNBC's MacKenzie Sigalos joins 'Closing Bell Overtime' to talk Affirm earnings.
Affirm, the provider of buy now, pay later loans, reported better-than-expected fiscal second-quarter revenue. Growth in GMV, which is a key industry metric that helps gauge the total value of transactions over the reporting window, accelerated, increasing XX% from a year earlier.
Tim Seymour, Seymour Asset Management CIO, joins 'The Exchange' to discuss trades for three stocks,
AFRM's fiscal second-quarter results are likely to reflect growing GMV and transactions.
The Wall Street Journal pointed out a peculiar new trend on social media, where influencers are not showcasing their lavish purchases but rather going the opposite route, embracing a “No Buy” trend. Consumers are tired of inflation and lofty credit card interest rates and have deemed 2025 a year of frugality.