Key TakeawaysAffirm reported quarterly results that beat analysts' expectations for revenue and net income.CEO Max Levchin expects the company to be profitable by the fourth quarter of fiscal 2025.The company's first quarter revenue guidance range exceeded the analyst consensus. Affirm Holdings (AFRM) shares are surging after the buy now, pay later (BNPL) fintech company posted better-than-expected fiscal fourth-quarter results and strong guidance after the bell Wednesday. Revenue jumped 48% year-over-year ...

Affirm Holdings, Inc. (AFRM) posted better-than-expected fourth-quarter fiscal 2024 results, which were driven by improved servicing income and card network revenues coupled with a higher volume of transactions and a better level of Gross Merchandise Volume (GMV). The results were partly offset by an escalating expense level, which was primarily due to a significant increase in provision for credit losses.AFRM incurred a fiscal fourth-quarter loss of 14 cents per share, which was narrower than the Zacks Con ...

Affirm shares soared 34% on Thursday and were on pace for their best day in almost three years, after the provider of buy now, pay later loans beat on the top and bottom lines in its earnings report. If the rally holds, it will be the third-biggest rally for the stock since the company's IPO in January 2021. The stock was trading at $42.17 as of early afternoon.Following the market close on Wednesday, Affirm said revenue in the fiscal fourth quarter climbed 48% from a year earlier to $659 million, and that ...

Affirm's recent quarterly report arrived with some fantastic surprises.Affirm Holdings (AFRM 30.46%) stock is skyrocketing in Thursday's trading. The buy now, pay later specialist's share price was up 33.9% as of 11 a.m. ET, according to data from S&P Global Market Intelligence.After the market closed yesterday, Affirm published results for the fourth quarter of its last fiscal year (which ended June 30). The company delivered sales and earnings for fiscal Q4 that beat Wall Street's targets, and the company ...

Ratana21/iStock via Getty ImagesAffirm Holdings, Inc. (NASDAQ:AFRM) has always been an intriguing fintech due to the well known CEO in a crowded space. The biggest issue has always been paying the correct price for the opportunity in the buy now, pay later space. My investment thesis is more Neutral on the stock after the big jump in after-hours trading on excitement over earnings. Source: Seeking Alpha Impressive Growth Affirm has really turned the business around with the fintech reporting a strong ...

On Wall Street, “strength begets strength.” Despite the recent market correction and the volatility caused by the “Yen Carry Trade” unwind, the fintech and payments group has exhibited stellar relative strength recently. Over the past three months, PayPal ((PYPL) ), Affirm ((AFRM) ), and Upstart ((UPST) have each outperformed the S&P 500 Index ETF ((SPY) dramatically, gaining 15.5%, 26.4%, and 83.5% (compared to the SPY’s 6.7%).Image Source: Zacks Investment ResearchThe “buy now, pay later” (BNPL) segment o ...

Affirm TodayAFRMAffirm$40.05 +8.47 (+26.82%) 52-Week Range$15.97▼$52.48Price Target$32.97Add to WatchlistAffirm NASDAQ: AFRM has seen wild fluctuations in its stock price over the past three years. Shares peaked at nearly $169 in November 2021 but are down 80% from that level today. However, shares are up 82% in the past 52 weeks.Investors might recognize the fintech company as a payment option allowed when making online purchases. Affirm often pops up when checking out online to pay off a purchase in insta ...

hapabapa Investment Thesis Affirm (NASDAQ:AFRM) delivered impressive fiscal Q4 2024 results and fiscal 2025 guidance. More specifically, it appears that Affirm is demonstrably a growth company. And while it continues to grow its top line, it's also carving out a path towards clean GAAP profitability. In sum, I make the case that AFRM is attractively priced at 17x forward non-GAAP operating profits. As such, I rate this stock a buy. Rapid Recap On 23 May, I said in a neutral AFRM article, [...] You ma ...

Financial Data and Key Metrics Changes - The company reported a strong quarter in fiscal year 2024, highlighting growth and profitability improvements [7] - The guidance for fiscal 2025 reflects a conservative approach, with a focus on achievable targets [12][14] Business Line Data and Key Metrics Changes - The company emphasized the importance of its credit control, stating that they have a short-term exposure and manage credit outcomes effectively [12] - The growth rate in the first quarter guidance indicates progress in initiatives that have already shipped and are contributing to GMV [13] Market Data and Key Metrics Changes - The company is not currently factoring in future market expectations of funding costs into their decision-making process, focusing instead on current funding costs [31] - The company expects that if rates decrease, it could lead to better approval rates and increased user activity [17] Company Strategy and Development Direction - The leadership structure is evolving, with the CFO taking on an expanded role as COO, indicating a strategic shift to support long-term scaling [8] - The company is focused on enhancing its product offerings and improving customer engagement through various promotional tools [44][46] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in their ability to navigate a potentially falling rate environment, highlighting the flexibility of their pricing model [17] - The company is optimistic about the future, with plans to continue expanding margins while investing in growth opportunities [28] Other Important Information - The company achieved GAAP profitability in the fourth quarter, marking a significant milestone [38] - The management clarified that they do not need to become a bank to conduct their business effectively, emphasizing their focus on growth and credit management [53] Q&A Session Summary Question: Fiscal 2025 guidance and credit environment - Management discussed their conservative approach to setting guidance and their control over credit outcomes [12][14] Question: Business performance in a falling rate environment - Management highlighted the benefits of their pricing model and the potential for increased user activity if rates decrease [17] Question: RLTC performance and key variables for 2025 - Management noted that the mix of business and credit outcomes will be significant factors in RLTC performance [21] Question: Control and visibility into credit outcomes - Management acknowledged the increase in repeat users and transactions, indicating improved visibility into future volume trends [24] Question: Operating leverage and AOI margins - Management expressed pride in the progress made on operating leverage and the expectation for continued margin expansion [28] Question: Apple Pay and competitive landscape - Management discussed the complexities of the Buy Now Pay Later market and the unique advantages of their platform [39] Question: Customer base composition and promotional capabilities - Management outlined plans to enhance customer engagement through tailored promotional offerings [44][46] Question: User experience with Apple Pay and unit economics - Management clarified that they aim to maintain unit economics within the 3% to 4% range, regardless of the payment channel [50]

Affirm Holdings (AFRM) reported $659.19 million in revenue for the quarter ended June 2024, representing a year-over-year increase of 47.9%. EPS of -$0.14 for the same period compares to -$0.69 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $599.5 million, representing a surprise of +9.96%. The company delivered an EPS surprise of +68.89%, with the consensus EPS estimate being -$0.45.While investors scrutinize revenue and earnings changes year-over-year and how they compare with ...