Core Insights - Affirm Holdings, Inc. (AFRM) reported a fourth-quarter fiscal 2025 earnings per share (EPS) of 20 cents, exceeding the Zacks Consensus Estimate of 11 cents and improving from a loss of 14 cents per share in the prior-year quarter [1][9] - Total revenues increased by 33% year over year to $876.4 million, surpassing management's expectations of $815-$845 million and beating the consensus mark by 4.4% [1][2] Financial Performance - Gross Merchandise Value (GMV) reached $10.4 billion, a 43% year-over-year increase, exceeding management's expected range of $9.4-$9.7 billion and the Zacks Consensus Estimate of $9.5 billion [3][9] - Total transactions surged by 51.8% year over year to 37.5 million, driven by repeat customer transactions, surpassing the consensus mark of 30.3 million [4][9] - Interest income rose by 24% year over year to $419.1 million, beating the Zacks Consensus Estimate of $416.1 million [4] - Merchant network revenues improved by 32.3% year over year to $239.5 million, exceeding the consensus mark of $235 million [5] Operating Expenses and Income - Total operating expenses increased by 11.7% year over year to $818.4 million, influenced by higher costs related to loan purchase commitments, funding, processing, and technology [6] - Adjusted operating income totaled $237 million, a 58.2% year-over-year increase, with an adjusted operating margin improving by 430 basis points to 27%, surpassing management's estimated range of 23-25% [7] Financial Position - As of June 30, 2025, Affirm had cash and cash equivalents of $1.4 billion, a 33.7% increase from the fiscal 2024-end figure [8] - Total assets rose by 17.2% to $11.2 billion, while funding debt decreased by 11.7% to $1.6 billion [8] Future Guidance - For the first quarter of fiscal 2026, Affirm forecasts GMV in the range of $10.1-$10.4 billion and revenues between $855-$885 million [11] - For fiscal year 2026, management anticipates GMV to exceed $46 billion, with revenues expected to be 8.4% of GMV and an adjusted operating margin of more than 26.1% [12]

Core Viewpoint - Affirm Holdings Inc. has reported strong financial results, with earnings and revenue exceeding market expectations, indicating a potential shift in the fintech industry's trajectory [1][2]. Financial Performance - Affirm reported fourth-quarter earnings of $0.20 per share, doubling the Street estimate of $0.10, and quarterly revenue reached $876.41 million, surpassing expectations of $837.02 million [3]. - For the first quarter, Affirm projects revenue between $855 million and $885 million, slightly above the estimate of $860.55 million, and forecasts fiscal 2026 revenue at $3.86 billion, significantly higher than the consensus of $3.18 billion [4]. Growth Metrics - The company achieved record GMV growth, with a year-over-year increase of over 40% for the first time since the pandemic, and total notional volume reached its highest level on record [5]. - Affirm expanded its merchant network to 377,000 partners, a 24% increase year-over-year, and boosted transaction frequency by 20% [3]. Guidance and Projections - For fiscal 2026, Affirm guided GMV above $46 billion, slightly ahead of the Street's estimate of $45.8 billion, with a take rate of approximately 8.4% [6]. - Management expects a Revenue Less Transaction Costs (RLTC) margin of 4.0%, an adjusted operating margin above 26.1%, and a GAAP operating margin above 6.0% for fiscal 2026 [7]. Customer Acquisition and Credit Trends - There was a 66% year-over-year increase in 0% APR loans to $3 billion, which are crucial for acquiring new customers, as half of first-time users start with a 0% product [8]. - Credit trends remain solid, with 30+ day delinquencies down 18 basis points year-over-year, indicating a favorable shift towards low-risk, interest-free products [8]. Stock Performance - Affirm Holdings shares rose by 11.41% to $89.12, nearing a new 52-week high [11].

Affirm swung to a quarterly profit with better-than-estimated results, as the buy now, pay later (BNPL) provider posted surging gross merchandise volume. https://t.co/e0Z6rO47Wx ...

Core Insights - Affirm Holdings, Inc. reported a record-breaking fourth quarter for fiscal 2025, with stock surging significantly [1] - The company achieved earnings of 20 cents per share, nearly double analysts' expectations, and quarterly revenue increased by 33% year-over-year to $876 million, exceeding forecasts [2] Company Performance - CEO Max Levchin highlighted the exceptional growth, stating that the company set new records across most metrics, which is atypical for the fourth quarter [3] - A key factor in Affirm's success is the high rate of repeat customers, which constituted 95% of transactions in the fourth quarter [4] - The company maintains a strong focus on credit performance, with regular updates to the executive team regarding credit metrics [5] Market Expansion - Affirm is expanding into new markets using a reusable technology platform and global partnerships, with a pilot program for its Shopify model in the U.K. [6] - The company anticipates further international growth, particularly in Europe [6] - At the time of publication, Affirm's stock price increased by 13.01% to $90.40 [6]

Core Insights - Affirm Holdings (AFRM.US) experienced a significant increase of over 16%, reaching a three-and-a-half-year high of $93.33 following the release of its Q4 earnings report [1] Financial Performance - Q4 revenue grew by 33% year-over-year to $876 million, surpassing market expectations of $837 million [1] - The company reported a net profit of $69.2 million, a turnaround from a loss of $45.1 million in the same quarter last year [1] - Earnings per share (EPS) were 20 cents, exceeding market expectations of 11 cents [1] Transaction Metrics - The total gross merchandise volume (GMV) for Q4 increased by 43% year-over-year, reaching $10.4 billion [1] Strategic Outlook - The company stated in its shareholder letter that its consistent execution has led to achieving operating profit in Q4 of fiscal year 2025, aligning with the timeline promised a year ago [1]

Core Insights - Affirm Holdings (AFRM.US) experienced a significant increase of over 16%, reaching a three-and-a-half-year high of $93.33 following the release of its Q4 earnings report which exceeded expectations [1] Financial Performance - Q4 revenue grew by 33% year-over-year to $876 million, surpassing market expectations of $837 million [1] - The company reported a net profit of $69.2 million, a turnaround from a loss of $45.1 million in the same quarter last year [1] - Earnings per share (EPS) were $0.20, exceeding market expectations of $0.11 [1] Transaction Metrics - The total gross merchandise volume (GMV) for Q4 increased by 43% year-over-year, reaching $10.4 billion [1] Strategic Outlook - The company communicated to shareholders that its sustained execution has led to achieving operating profit in Q4 of fiscal year 2025, aligning with the timeline promised a year ago [1]

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Core Viewpoint - Affirm Holdings reported better-than-expected Q4 revenue and profit, leading to an 18% surge in stock price during after-hours trading [1] Financial Performance - Q4 revenue increased by 33% year-over-year to $876 million, surpassing market expectations of $837 million [1] - Net profit reached $69.2 million, a significant improvement from a loss of $45.1 million in the same period last year [1] - Earnings per share were $0.20, exceeding market expectations of $0.11 [1] Transaction Metrics - Total Gross Merchandise Volume (GMV) for Q4 grew by 43% year-over-year, reaching $10.4 billion [1] Future Guidance - Affirm projects Q1 FY2026 revenue to be between $855 million and $885 million, with GMV expected to be between $10.1 billion and $10.4 billion [1] Stock Performance - Affirm's stock has risen 31% year-to-date, outperforming the Nasdaq index, which has increased by 12% [1] Competitive Landscape - Affirm faces increasing competition in the e-commerce sector, having established partnerships with Amazon and Shopify, while Walmart has shifted to competitor Klarna [1] - The company announced a partnership with Apple last year [1]

Core Insights - Affirm's shares increased by 15% in extended trading following better-than-expected earnings and revenue for the fiscal fourth quarter [1] - The company reported a revenue increase of 33%, reaching $876 million compared to $659 million in the same quarter last year [1][3] - Gross merchandise volume rose by 43% to $10.4 billion from $7.2 billion year-over-year [1] Financial Performance - Affirm achieved a net income of $69.2 million, or 20 cents per share, a significant turnaround from a loss of $45.1 million, or 14 cents per share, in the previous year [2] - The company indicated that it reached operating income profitability in FQ4'25, aligning with its previous commitments [2] - For the upcoming first quarter, Affirm projects revenue between $855 million and $885 million, with gross merchandise volume expected to be between $10.1 billion and $10.4 billion [2] Market Position and Competition - Affirm's shares have risen 31% this year, outperforming the Nasdaq's 12% gain [3] - The company faces increasing competition in the e-commerce sector, with notable partnerships with Amazon and Shopify, while Walmart has shifted to competitor Klarna [3] - Affirm announced a deal with Apple last year, indicating its strategic partnerships in the market [3]

Company Performance - Affirm Holdings reported quarterly earnings of $0.20 per share, exceeding the Zacks Consensus Estimate of $0.11 per share, and compared to a loss of $0.14 per share a year ago, representing an earnings surprise of +81.82% [1] - The company posted revenues of $876.42 million for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 4.35%, and showing an increase from $659.18 million in the same quarter last year [2] - Over the last four quarters, Affirm Holdings has surpassed consensus EPS estimates four times and topped consensus revenue estimates three times [2] Stock Performance - Affirm Holdings shares have increased approximately 27.4% since the beginning of the year, outperforming the S&P 500's gain of 10.2% [3] - The current consensus EPS estimate for the upcoming quarter is $0.08 on revenues of $862.88 million, and for the current fiscal year, it is $0.76 on revenues of $3.92 billion [7] Industry Outlook - The Zacks Industry Rank indicates that the Internet - Software sector is currently in the top 33% of over 250 Zacks industries, suggesting a favorable outlook for stocks within this industry [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact stock performance [5]