Max Levchin, Affirm co-founder and CEO, discusses expanding to new markets and explains why "it's time for something better" than credit cards.
Affirm Holdings, Inc.'s shares surged 22% due to strong Q2 '25 earnings, driven by a surge in gross merchandise volume and revenues. Affirm's Q2 bottom line was $0.23 per share, beating consensus by $0.46, with revenue $59M higher than expected. The company benefited from higher transactions per account and submitted a strong outlook for Q3 '25.
Affirm CEO Max Levchin details the company's strong second quarter results, their optimistic outlook, and future AI plans. He joins Caroline Hyde and Jackie Davalos on "Bloomberg Technology".
Affirm Holdings (AFRM) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
Max Levchin, Affirm co-founder and CEO, joins 'Money Movers' to discuss what drove the company's outperformance, how Affirm is managing credit, and much more.
Shares of Affirm Holdings Inc AFRM spiked in early trading on Friday after the company reported upbeat fiscal second-quarter results.
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.