Affirm's stock soars 15% on earnings, revenue beat

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]