Affirm Stock News

Affirm Holdings, Inc. (NASDAQ:AFRM ) Goldman Sachs Communacopia + Technology Conference 2024 September 11, 2024 4:45 PM ET Company Participants Max Levchin - Founder and CEO Conference Call Participants William Nance - Goldman Sachs William Nance All right. So we're going to kick it off today.

Robinhood's retail trading business is heating up again. Affirm is scaling up its buy now, pay later platform as some of its competitors retreat.

Affirm Holdings surged 32% after surpassing profit targets and forecasting positive GAAP operating income, driven by 48% YoY sales growth in its BNPL platform. The fintech's $659M in 4Q24 sales and $7.2B in Gross Merchandise Volume highlight robust demand for credit card alternatives and strong interest income growth. Affirm's sales forecast of $640M-$670M for 1Q25 exceeds Wall Street expectati...

Affirm's user base includes middle-income consumers with manageable debt, debunking misconceptions that it primarily serves financially insecure individuals. Affirm's partnerships with major players like Shopify and Amazon have driven growth, attracting prime customers and increasing spending. Affirm demonstrates superior credit risk management and capital efficiency compared to large banks, wi...

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.

Affirm shares surged Thursday following a beat on the top and bottom lines. The company reported a per share loss of 14 cents, while analysts were expecting a loss of 51 cents per share.

Affirm shares rose 33% on Thursday after the buy-now-pay-later lender trounced estimates for quarterly results and said it expects to be profitable by the fourth quarter of next fiscal year, sooner than Wall Street had forecast.

Affirm stock is rallying Thursday after the BNPL firm reported strong results and said it expects to turn a profit by the end of this fiscal year. Here's what you need to know.