Affirm Q1 Earnings Beat on Rising Active Merchants, Stock Up 15%

Key Takeaways Affirm posted Q1 EPS of $0.23, beating estimates and reversing a prior-year loss.GMV rose 42% to $10.8B, lifted by merchant integrations, wallets, and direct offerings.Active merchants climbed 30% to 419,000, while transactions soared 52% on repeat users.Shares of Affirm Holdings, Inc. (AFRM) have risen 15.4% since it reported first-quarter fiscal 2026 results on Nov. 6. The strong quarterly results benefited from solid growth in Gross Merchandise Value (GMV), rising transaction volumes fueled ...