Core Insights - Affirm's stock surged by 10.2% on a day marked by a broader upswing in the buy-now/pay-later (BNPL) and fintech sectors, influenced by a weaker-than-expected jobs report that may lead to lower interest rates [1][4][5] Company Performance - Affirm's CFO Rob O'Hare highlighted a five-year partnership extension with Amazon, which is expected to drive new customer acquisition for both companies [2][6] - The company reported a 34% increase in revenue and a GAAP operating margin of 7% in its most recent quarter, indicating strong growth and profitability [9] - Credit trends remained stable, with delinquency rates consistent with previous years, suggesting that the company's credit model is holding up [10] Market Context - The positive market reaction to Affirm's performance was also reflected in other BNPL and fintech stocks, which experienced gains due to favorable market conditions and investor sentiment [5] - The partnership with Amazon was described as a "win-win," with terms remaining mostly unchanged, reinforcing Affirm's leadership in the industry [6][9] - Evercore ISI maintained an outperform rating for Affirm, with a price target of $95, reflecting confidence in the company's future performance [7]